Edison International Reaffirms 2026 EPS Guidance Amid Wildfire Liability Concerns
During its third-quarter 2026 earnings call, Edison International (EIX) reaffirmed its full-year core earnings per share guidance of $5.90 to $6.20. While the company maintains a strong long-term growth target of 5% to 7% through 2030, management warned that legislative delays regarding wildfire liability protection in California could increase borrowing costs and force reductions in clean energy and electrification investments. To mitigate risks, Southern California Edison (SCE) has hardened approximately 90% of its distribution network in high-fire areas. The company plans a five-year capital expenditure of $38 billion to $41 billion through 2030, aiming for a 7% annual rate base growth without issuing new common stock. Management remains focused on maintaining a healthy balance sheet with a target FFO-to-debt ratio of 15% to 17%.
Tickers: $EIX
Topics: clean energy investment earnings guidance grid hardening regulatory risk wildfire liability