Earnings Call
Apr 28, 2026
Q1 FY2026
EPS Estimate
1.32
EPS Actual
1.42
Post-Earnings Close
$67.94
Earnings Reaction
0.0%
Edison International posted first quarter 2026 core EPS of $1.42, beating the $1.32 consensus estimate by $0.10, driven primarily by the full adoption of the 2025 General Rate Case decision. The year-over-year comparison was complicated by the absence of roughly $0.30 recorded in Q1 2025 related to the TKM cost recovery approval, making the underlying beat more meaningful than the headline variance suggests. Management reaffirmed the full-year 2026 core EPS guidance range of $5.90 to $6.20, along with multi-year targets through 2028 and 2030 and the long-term 5% to 7% core EPS growth rate. Critically, the no-new-equity commitment through at least 2030 was reiterated, a differentiator that management emphasized given the $38 billion to $41 billion capital plan for 2026 through 2030 and the 7% rate base CAGR projected through the same period.
Report generated on Apr 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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