Financial Data and Key Metrics Changes - Edison International reported a core earnings per share (EPS) of $6.55 for 2025, exceeding guidance and marking a successful delivery of the long-term core EPS growth target established in 2021 [4][14] - The fourth quarter core EPS was $1.86, with the full-year 2025 core EPS exceeding the high end of the guidance range [14][15] - The company faced headwinds such as record inflation and rising interest rates but still managed to deliver on commitments [15] Business Line Data and Key Metrics Changes - SCE has installed over 7,000 miles of covered conductor in high fire risk areas, representing over 90% of its planned grid hardening effort [5][6] - A 2.3% rate decrease for residential customers and a 5.3% decrease for small and medium-sized business customers were announced, starting from a position of having the lowest system average rate among California's major investor-owned utilities [6][7] Market Data and Key Metrics Changes - The company is actively engaging with policymakers to reinforce the value of a stable regulatory framework, which is crucial for long-term investment and customer protection [8][11] - Edison International's capital plan for 2026 through 2030 is projected to be between $38 billion and $41 billion, focusing on load growth-driven programs and wildfire mitigation [17][18] Company Strategy and Development Direction - The company is committed to enhancing safety, reliability, and affordability while maintaining a strong investment-grade balance sheet [7][12] - Edison International is extending its core EPS growth target to 2030, with a long-term growth rate target of 5%-7% [12][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the multi-year financial outlook, reaffirming guidance for 2028 and extending the EPS growth target through 2030 [12][20] - The upcoming legislative session is seen as pivotal for shaping California's energy and resiliency policy, with a focus on mitigating catastrophic wildfires [11][43] Other Important Information - The company has committed $2 million to the Pasadena Community Foundation to support community members affected by the Eaton Fire [10] - Edison International is working on a Woolsey securitization application to securitize about $2 billion in costs associated with the Woolsey settlement agreement [21] Q&A Session Summary Question: Update on Eaton losses and total liability estimates - Management indicated that over 2,300 claims have been submitted under the Wildfire Recovery Compensation Program, with no current estimate for total losses due to the complexity of the claims process [26][28] Question: Clarification on 5%-7% EPS growth range - Management confirmed that muted growth in 2026 is due to fewer regulatory decisions and other variances, but expects to be at the high end of the growth range in 2027 [34][35] Question: Timing of AMI 2.0 application and capital plan - The AMI 2.0 application is expected to be filed in the coming months, with a decision anticipated in about 18 months, and the total request will be around $3 billion [41] Question: LA District Attorney's investigation - Management stated that they are collaborating with the attorney's office and remain confident in SCE's actions being consistent with those of a reasonable utility operator [75][76]

Edison International (NYSE:EIX) Q4 2025 Earnings call February 18, 2026 04:30 PM ET Speaker4Good afternoon, and welcome to the Edison International Fourth Quarter 2025 financial teleconference. My name is Michelle, and I will be your operator today. When we get to the question and answer session, if you have a question, press star one on your phone. Today's call is being recorded. I would now like to turn the call over to Mr. Sam Ramraj, Vice President of Investor Relations. Mr. Ramraj, you may begin your c ...

Edison International beats quarterly profit estimates on lower interest costs, higher electricity rates | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Feb 18 (Reuters) - Edison International [(EIX.N), opens new tab] reported a better-than-expected profit for the fourth quarter on Wednesday, aided by higher electricity rates and a reduction in interest costs tied to wildfirerelated cost-recovery approvals.Shares of the company were ...

FOURTH-QUARTER 2025 FINANCIAL RESULTS FEBRUARY 18, 2026 Forward-Looking Statements Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historical, are forward-looking statements. These forward-looking statements reflect our current expectations; however, such statements involve risks and uncertainties. Actual results could diff ...

Financial Performance - Edison International reported a loss from operations of $16 million for the year ended December 31, 2025, compared to a loss of $11 million in 2024, indicating a 45% increase in operational losses year-over-year[7]. - Edison International's consolidated statements of income show a comprehensive income of $1.2 billion for the year ended December 31, 2025, reflecting a 10% increase from the previous year[10]. - Edison International's net income for 2025 increased by $3,175 million, reaching a total of $4,459 million, compared to $1,284 million in 2024[25]. - SCE's earnings contributed $4,889 million in 2025, an increase of $3,270 million from the previous year[25]. - Core earnings for Edison International in 2025 were $2,520 million, up from $1,900 million in 2024, reflecting a $620 million increase[25]. - Non-core items for Edison International totaled $1,939 million in 2025, compared to a loss of $616 million in 2024, indicating a significant increase in non-core earnings[25]. - Operating revenue for 2025 reached $19.276 billion, up $1.729 billion from $17.547 billion in 2024[88]. - Net income for 2025 was $5.033 billion, a significant increase of $3.239 billion compared to $1.794 billion in 2024[88]. - Total operating expenses decreased by $2.483 billion to $12.068 billion in 2025, down from $14.551 billion in 2024[88]. Capital Expenditures and Investments - The company has a capital investment plan that includes $1.6 billion in wildfire risk mitigation capital expenditures excluded from the equity portion of SCE's rate base as required under California Assembly Bill 1054[13]. - Edison International expects to exclude $2.9 billion in wildfire risk mitigation capital expenditures from the equity portion of SCE's rate base as required under California Senate Bill 254, effective September 19, 2025[14]. - Total capital expenditures were $6.7 billion in 2025, up from $5.7 billion in 2024[45]. - SCE's capital expenditure forecast for 2026-2030 includes a total of $40.6 billion, with significant investments in distribution and wildfire mitigation[47]. - SCE intends to request at least $3 billion for advanced metering infrastructure between 2026 and 2033[48]. Wildfire Mitigation and Claims - The company is actively involved in wildfire mitigation strategies, including a safety certification and wildfire mitigation plan to address risks associated with Southern California wildfires[9]. - SCE implemented a customer-funded wildfire self-insurance program in July 2023, which has changed the treatment of wildfire-related claim losses to non-core items[23]. - The TKM Settlement Agreement and Woolsey Settlement Agreement approved by the CPUC in January and December 2025 contributed to cost recoveries reflected in SCE's earnings[26]. - SCE has recorded estimated losses of $9.9 billion related to the 2017/2018 Wildfire/Mudslide Events, with recoveries from insurance totaling $2.0 billion and expected recoveries through electric rates of $3.4 billion[69]. - As of December 31, 2025, SCE recorded $1.1 billion in losses related to settlements from the Eaton Fire, with expected recoveries of $917 million from customer-funded self-insurance, $134 million from the Wildfire Fund, and $70 million through FERC electric rates[59]. - SCE anticipates seeking reimbursement for eligible claims from the Initial Account of the Wildfire Fund for losses exceeding $1.0 billion related to the Eaton Fire, with the fund's claims-paying capacity exceeding $21 billion as of September 30, 2025[62]. Regulatory and Compliance - Edison International's regulatory proceedings are ongoing, with significant implications for future capital structure compliance from January 1, 2026, to December 31, 2028[8]. - The CPUC set SCE's ROE at 10.03% for 2026, with a weighted average return on rate base of 7.59%[44]. - SCE's authorized revenue requirement for 2025 is $9.7 billion, an increase of $880 million from the adjusted 2024 amount of $8.78 billion[85]. - The regulatory liability for recoveries in excess of ARO liabilities was $2.1 billion as of December 31, 2025, reflecting the impact of cost escalation on decommissioning liabilities[203]. Liquidity and Financial Position - The available liquidity for Edison International is reported at $17 billion, providing a strong financial cushion for future investments and operational needs[8]. - As of December 31, 2025, SCE had cash on hand of $98 million, restricted cash of $522 million, and approximately $2.3 billion available to borrow on its $3.4 billion revolving credit facility[106]. - SCE's debt to total capitalization ratio was 0.57 to 1 as of December 31, 2025, complying with all financial covenants affecting access to capital[107]. - The consolidated debt to total capitalization ratio for Edison International was 0.64 to 1 as of December 31, 2025, in compliance with financial covenants[139]. Technology and Innovation - The company is exploring new technologies and products to improve operational efficiency and customer service in the electricity sector[9]. - Edison International is committed to enhancing its cybersecurity measures to mitigate risks associated with physical and cyber threats[8]. - The company is focusing on expanding its market presence through strategic partnerships and investments in distributed energy resources (DERs)[12]. Environmental and Sustainability Goals - Approximately 61% of SCE's customer deliveries in 2025 came from carbon-free resources, with a commitment to achieve 100% by 2045[38]. - Edison International aims for net-zero GHG emissions by 2045, aligning with California's climate actions[38]. - SCE projects electricity demand to nearly double between 2025 and 2045, driven by transportation electrification and new residential housing[33]. Pension and Decommissioning Obligations - As of December 31, 2025, Edison International's pension plan had a projected benefit obligation of $3.7 billion[206]. - SCE's pension plan had a projected benefit obligation of $3.4 billion as of December 31, 2025[206]. - Total expense for Edison International's pension plan in 2025 was $30 million[206]. - Total expense for SCE's pension plan in 2025 was $26 million[206]. - SCE estimates it will spend approximately $7.4 billion, undiscounted through 2098, to decommission its nuclear facilities, with the current Asset Retirement Obligation (ARO) for decommissioning set at $2.0 billion[198][200].

Exhibit 99.1 NEWS Investor Relations: Sam Ramraj, (626) 302-2540 Media Relations: (626) 302-2255 News@sce.com Edison International Reports Fourth Quarter and Full-Year 2025 Results ROSEMEAD, Calif., Feb. 18, 2026 — Edison International (NYSE: EIX) today reported fourth-quarter net income of $1,848 million, or $4.80 per share, compared to net income of $340 million, or $0.88 per share, in the fourth quarter of last year. As adjusted, fourth-quarter core earnings were $717 million, or $1.87 per share, compare ...

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Core Insights - Utilities sector has seen significant gains recently, driven by sharply lower Treasury yields, making equity income plays more attractive [1] Group 1: Market Dynamics - The comparative interest rate trade now favors popular income plays in the equity space, particularly utilities [1] - The Utilities Select Sector SPDR ETF has shown a year-on-year performance improvement, reflecting the sector's appeal amid changing interest rates [1]

Core Viewpoint - Edison International (EIX) is expected to report its fourth-quarter 2025 results on February 18, with an earnings surprise of 8.3% in the previous quarter [1] Factors Impacting EIX's Q4 Performance - The company is heavily investing in grid hardening, wildfire mitigation, and renewable energy integration to support California's clean energy goals, which is likely to positively impact its fourth-quarter earnings [2] - Southern California Edison Company (SCE), a subsidiary of EIX, is expected to reflect a higher 2025 authorized base revenue requirement, contributing to incremental revenues due to a $902 million retroactive increase approved by the California Public Utilities Commission [3] - However, higher operating expenses may offset some of the positive impacts on earnings [4] EIX's Q4 Expectations - The Zacks Consensus Estimate for EIX's earnings is $1.47 per share, indicating a year-over-year increase of 40% [5] - The Zacks Consensus Estimate for revenues is $4.38 billion, implying a 9.9% growth year over year [5] Earnings Prediction - The company's Earnings ESP is +8.65%, indicating a strong likelihood of an earnings beat, supported by a Zacks Rank of 3 (Hold) [6][7] Other Stocks to Consider - Alliant Energy (LNT) is also expected to report an earnings beat in the same reporting cycle, with a long-term earnings growth rate of 7.15% [8][10] - Consolidated Edison (ED) and AES Corporation (AES) are similarly positioned to potentially report earnings beats, with respective long-term growth rates of 6.11% and 11.17% [10][11][12]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]