Douglas Rissing/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Stock index futures in green as traders brace for big jobs report. (00:28) DoJ sues Southern California Edison for sparking two wildfires. (01:47) OpenAI to launch its first AI chip with Broadcom: report. (02:47) This is an abridged transcript. Futures are in the green ahead of the opening bell as traders look forward to the big jobs report. S&P 500 futures (SPX) +0.2%, Nasdaq 100 futures (US100:IND) +0.4% ...

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Analyst Ratings and Stock Performance - Edison International (EIX) has a dividend yield of 6.02%. Barclays analyst Nicholas Campanella maintained an Overweight rating and raised the price target from $64 to $65 on August 4, 2025, with an accuracy rate of 68%. Morgan Stanley analyst David Arcaro maintained an Underweight rating and reduced the price target from $52 to $51 on June 18, 2025, with an accuracy rate of 71%. Recent news indicated that Edison International posted disappointing second-quarter earnings [7] - Northwest Natural Holding Company (NWN) has a dividend yield of 4.89%. Stifel analyst Selman Akyol maintained a Buy rating and increased the price target from $45 to $49 on June 13, 2025, with an accuracy rate of 71%. Wells Fargo analyst Sarak Akers maintained an Equal-Weight rating and raised the price target from $45 to $47 on May 7, 2025, with an accuracy rate of 69%. Recent news showed mixed quarterly results for Northwest Natural [7] - NorthWestern Energy Group, Inc. (NWE) has a dividend yield of 4.77%. Ladenburg Thalmann analyst Paul Fremont downgraded the stock from Buy to Neutral and cut the price target from $57.5 to $56 on June 2, 2025, with an accuracy rate of 61%. Barclays analyst Eric Beaumont maintained an Overweight rating and raised the price target from $56 to $59 on April 22, 2025, with an accuracy rate of 69%. Recent news indicated that NorthWestern posted better-than-expected quarterly results [7]

Core Insights - The article discusses the investment strategies of a seasoned stock market investor, emphasizing a blend of growth and income with a focus on special situations [1] Group 1 - The investor has 35 years of experience in the stock market and holds an MBA [1] - The investment style is characterized by a combination of growth and income strategies [1] - Special situations are highlighted as a key area of focus for the investor [1] Group 2 - The investor has disclosed a beneficial long position in specific shares, indicating a personal stake in the performance of SCE.PR.K and SCE.PR.J [2] - The article is authored independently, reflecting the author's personal opinions without external compensation [2] - There is no business relationship with any company mentioned in the article, ensuring an unbiased perspective [2]

Core Insights - Edison International reported second-quarter 2025 adjusted earnings of 97 cents per share, exceeding the Zacks Consensus Estimate of 88 cents by 10.2%, but down 21.1% from $1.23 in the same quarter last year [1][8] - The company's total operating revenues for the second quarter reached $4.54 billion, surpassing the Zacks Consensus Estimate of $4.19 billion by 8.4% and increasing 4.8% from $4.34 billion in the prior year [2][8] Financial Performance - GAAP earnings for the second quarter were 89 cents per share, compared to $1.13 in the second quarter of 2024 [1] - Total operating expenses rose 9.7% year over year to $3.77 billion, with operation and maintenance costs increasing by 23% and depreciation and amortization expenses rising by 13.8% [3][8] - Operating income decreased to $775 million from $900 million in the prior-year period [4][8] Segment Results - Southern California Edison reported adjusted earnings of $1.23 per share, down from $1.45 in the year-ago quarter [5] - Edison International Parent and Other incurred an adjusted loss of 26 cents per share, worsening from a loss of 22 cents in the previous year [5] Financial Update - As of June 30, 2025, cash and cash equivalents were $140 million, down from $193 million at the end of 2024 [6] - Long-term debt increased to $34.97 billion from $33.53 billion at the end of 2024 [6] - Net cash flow from operating activities for the first half of 2025 was $2.11 billion, compared to $1.37 billion in the same period last year [6] Capital Expenditures - Total capital expenditures for the first half of 2025 were $3.12 billion, higher than $2.70 billion in the year-ago period [7] Guidance - The company reiterated its 2025 earnings outlook, expecting to generate earnings in the range of $5.94-$6.34 per share, with the Zacks Consensus Estimate currently at $6.07 per share [9]

Financial Data and Key Metrics Changes - Edison International reported second quarter core earnings per share (EPS) of $0.97, down from $1.23 a year ago, with the year-over-year comparison being less meaningful due to the lack of a final decision in its 2025 general rate case [6][20][21] - The company remains confident in achieving its 2025 EPS guidance and delivering a 5% to 7% core EPS compound annual growth rate (CAGR) through 2028 [7][30] Business Line Data and Key Metrics Changes - SCE's core EPS variance was primarily driven by higher operating and maintenance (O&M) expenses and the net impact of regulatory decisions [20] - The proposed decision (PD) in SCE's 2025 general rate case would authorize base revenue of $9.8 billion for 2025, with incremental increases in subsequent years [12][23] Market Data and Key Metrics Changes - The PD supports significant capital investments in wildfire mitigation, grid modernization, and infrastructure replacement while considering affordability for customers [12][13] - SCE anticipates investing $6.2 billion in its wildfire mitigation plan from 2026 to 2028, which includes various safety and reliability measures [15] Company Strategy and Development Direction - The company is focused on enhancing its wildfire recovery compensation program and engaging with the community to support recovery efforts [9][19] - Edison International is optimistic about legislative support for California's regulatory framework, particularly regarding wildfire management and affordability [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the legislative process enhancing California's wildfire framework and emphasized the importance of a comprehensive approach to wildfire risk [9][10][19] - The company highlighted its commitment to operational excellence and cost management, which has resulted in the lowest system average rate among California's major industrial utilities [17] Other Important Information - The ongoing investigations into the Eaton fire are being conducted by SCE and the LA County Fire Department, with no new disclosures on ignition or estimated costs at this time [8][18] - The company is actively participating in various regulatory proceedings to de-risk its financial outlook and ensure alignment with customer needs [27][30] Q&A Session Summary Question: Regarding the proposed $18 billion fix, what is the company's stance on shareholder contributions? - Management indicated that while discussions are ongoing, they do not foresee a need for upfront contributions from shareholders, emphasizing the importance of a balanced legislative package [36][39] Question: How will the company communicate updates on the Eaton fire investigation? - Management stated that they would provide information during quarterly earnings calls but may disclose material information off-cycle if necessary [41][44] Question: Can you provide details on the proposed decision versus the range case forecast? - Management confirmed that the PD aligns with their range case forecast but noted that there are opportunities for additional capital beyond what has been flagged [48][49] Question: What are the company's thoughts on affordability legislation and securitization? - Management expressed concerns that securitization could lead to higher costs for customers in the long run and emphasized the need for alternative solutions to support affordability [57][61] Question: How does the company view the current regulatory environment and its impact on investor support? - Management acknowledged the challenges but expressed confidence in California's commitment to addressing utility needs and the clean energy transition [71][74] Question: What is the status of the Eaton investigation and potential equity issuance for wildfire fund contributions? - Management clarified that there are two separate investigations ongoing and emphasized that there is currently no need for upfront cash contributions to the wildfire fund [80][84]

Edison International (EIX) Q2 2025 Earnings Call July 31, 2025 04:30 PM ET Speaker0Good afternoon, and welcome to the Edison International Second Quarter twenty twenty five Financial Teleconference. My name is Denise, and I will be your operator today.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 conference.Speaker1Thank you, Denise, and welcome, everyone. Our speakers today are President and Chi ...

Financial Performance - Edison International's Q2 2025 GAAP EPS was $0.89, while Core EPS was $0.97[5] - The company reaffirmed its 2025 Core EPS guidance of $5.94–6.34[5,6], which includes 44¢ from the TKM settlement (30¢ true-up + 14¢ interest reduction)[23] - Edison International reiterated a 5–7% Core EPS Compound Annual Growth Rate (CAGR) from 2025 to 2028, projecting EPS of $6.74–7.14 in 2028[5,6] - Year-to-date 2025 Core EPS was $2.34, a decrease compared to $2.37 in YTD 2024[31] Regulatory Updates and Capital Investments - A proposed decision for the 2025 General Rate Case (GRC) was issued on July 28, supporting significant capital investments while considering affordability[7] - The GRC proposed decision includes over 1,800 miles of grid hardening, shifting approximately 400 miles to covered conductor from targeted undergrounding[8] - The company anticipates investing $6.2 billion to reduce wildfire risks associated with utility equipment[14] - Edison International projects approximately 6–8% rate base growth from 2023 to 2028, driven by wildfire mitigation and grid work, resulting in a rate base of $49.4 billion in 2025, $53.0 billion in 2026, $56.8 billion in 2027 and $60.6 billion in 2028[20] Wildfire Mitigation and Cost Recovery - SCE plans to launch a Wildfire Recovery Compensation Program, with Eaton Fire investigations ongoing[5] - The company is requesting recovery of $5.4 billion of costs related to the Woolsey fire and $84 million in restoration costs[33,35] - Edison International has completed approximately $1.6 billion in securitizations of AB 1054 capital expenditures[42]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) | Commission | Exact Name of Registrant | State or Other Jurisdiction of | IRS Employer | | --- | --- | --- | --- | | File Number | as specified in its charter | Incorporation or Organization | Identification Number | | 1-9936 | EDISON INTERNATIONAL | California | 95-4137452 | | 1-2313 | SOUTHERN CALIFORNIA EDISON COMPANY | California | 95-1240335 | | | EDISON INTERNATIONAL | SOUTHERN CALIFORNIA ED ...

Exhibit 99.1 Edison International Reports Second-Quarter 2025 Results ROSEMEAD, Calif., July 31, 2025 — Edison International (NYSE: EIX) today reported second-quarter net income of $343 million, or $0.89 per share, compared to net income of $439 million, or $1.14 per share, in the second quarter of last year. As adjusted, second-quarter core earnings were $374 million, or $0.97 per share, compared to core earnings of $475 million, or $1.23 per share, in the second quarter of last year. In the absence of a 2 ...

Core Viewpoint - Edison International (EIX) is expected to report its second-quarter 2025 results on July 31, with prior earnings surprises indicating potential performance trends [1][5]. Group 1: Revenue Influences - The service territories of Edison International experienced moderate temperatures in Q2 2025, with above-normal temperatures in May likely increasing electricity usage and positively impacting revenues [2][8]. - Wildfires in California during the quarter may have caused outages and infrastructure damage, negatively affecting revenues [3][8]. - Lower operating revenues at Southern California Edison (SCE) due to reduced expenses passed through to customers may have contributed to a year-over-year decline in overall revenues [3][5]. Group 2: Earnings Expectations - The Zacks Consensus Estimate for EIX's sales is $4.27 billion, reflecting a 1.6% decrease from the previous year [5]. - The earnings estimate is set at 96 cents per share, indicating a decline of 21.3% compared to the prior-year quarter [5]. - Increased operating expenses for infrastructure restoration due to wildfires and significant charges for wildfire-related claims are expected to negatively impact second-quarter earnings [4][8]. Group 3: Earnings Prediction Model - The current model does not predict an earnings beat for EIX, with an Earnings ESP of -8.93% and a Zacks Rank of 3 (Hold) [6][7].