Edison International Reports Q3 2026 Earnings Decline Amid Wildfire Liability Concerns
Edison International (EIX) reported a decline in third-quarter core earnings, with Core EPS falling to $1.92 per share compared to $2.34 in the prior-year period. This decrease was primarily attributed to a regulatory true-up from the Southern California Edison (SCE) general rate case. Total operating revenue also saw a significant drop to $4.89 billion from $5.75 billion in the same quarter last year. Despite the quarterly dip, management reaffirmed its long-term growth targets and 2026 Core EPS guidance of $5.90 to $6.20 per share. The company is heavily focused on a five-year capital plan of up to $41 billion through 2030, aimed at grid safety and wildfire mitigation. However, leadership warned that continued legislative uncertainty regarding wildfire liability reform could increase financing costs and potentially limit future investments in clean energy transition projects.
Tickers: $EIX
Topics: capital expenditure dividend policy earnings report financial guidance regulatory true-up
Read the full article at Motley Fool
Part of the story Magna International Reports Q3 2026 Earnings with Margin Expansion Despite Sales Decline (8 articles)