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]

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 [5][19] - 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 [6][29] 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 [19] - 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 [22] 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 [11][12] - SCE anticipates investing $6.2 billion in its wildfire mitigation plan from 2026 to 2028, which includes various strategies to enhance safety and reliability [14] Company Strategy and Development Direction - The company is focused on enhancing California's wildfire regulatory framework and engaging with legislators to improve affordability measures [8][9] - SCE's long-term strategy includes ensuring the grid is prepared for California's electrified future, with a commitment to operational excellence and cost management [15][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in legislative actions that will enhance California's regulatory framework, particularly regarding wildfire management [18] - The company highlighted the importance of continuous engagement with the community and stakeholders to address wildfire risks and improve operational practices [7][10] Other Important Information - The ongoing investigation into the Eaton fire is being conducted by SCE and the LA County Fire Department, with no new disclosures on ignition or estimated costs at this time [6][17] - SCE has launched a wildfire recovery compensation program to provide direct payments to eligible individuals and businesses affected by the Eaton fire [8] Q&A Session Summary Question: Regarding the proposed $18 billion fix and utility contributions - Management indicated that discussions are ongoing, and the balance of the legislative package will be crucial in determining acceptable structures for utility contributions [36][40] Question: Expectations for disclosures on the Eaton fire - Management stated that they would provide information during quarterly earnings calls but may disclose material information off-cycle if necessary [42][43] Question: 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 [46][47] Question: Thoughts on affordability legislation and securitization - Management emphasized the importance of operational excellence and highlighted alternative measures to support affordability without compromising the regulatory framework [55][60] Question: Status of the Eaton investigation - Management clarified that there are two separate investigations ongoing, with the official investigation led by LA County Fire and SCE's own investigation involving various stakeholders [77][80] Question: Potential equity issuance for wildfire fund contributions - Management expressed that upfront contributions would drive up the cost of capital and are not seen as necessary at this time, pending further legislative developments [81][83]

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 ...

[Second-Quarter 2025 Results Overview](index=1&type=section&id=Edison%20International%20Reports%20Second-Quarter%202025%20Results) Edison International reported its second-quarter 2025 financial performance, management insights, and key strategic and regulatory updates [Second-Quarter 2025 Financial Highlights](index=1&type=section&id=Second-Quarter%202025%20Financial%20Highlights) Edison International reported a decrease in second-quarter 2025 net income and core earnings compared to the prior year, driven by higher operations and maintenance expenses, regulatory decisions for SCE, and increased interest expense Second-Quarter 2025 Financial Performance (YoY) | Metric | Q2 2025 | Q2 2024 | Change | Change (%) | | :----------------------- | :------ | :------ | :----- | :--------- | | Net Income (millions) | $343 | $439 | $(96) | -21.87% | | Net Income per share | $0.89 | $1.14 | $(0.25) | -21.93% | | Core Earnings (millions) | $374 | $475 | $(101) | -21.26% | | Core Earnings per share | $0.97 | $1.23 | $(0.26) | -21.14% | - Southern California Edison's **core EPS decreased year-over-year** due to higher operations and maintenance expense and the net impact of regulatory decisions[3](index=3&type=chunk) - Edison International Parent and Other's **core loss per share increased year-over-year**, primarily due to higher interest expense[4](index=4&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Pedro J. Pizarro expressed encouragement regarding ongoing legislative discussions to enhance California's AB 1054 regulatory framework and highlighted SCE's continued investment in wildfire risk reduction - CEO Pedro J. Pizarro is **encouraged by discussions** to enhance California's AB 1054 regulatory framework and **confident in policymakers strengthening the wildfire framework**[5](index=5&type=chunk) - SCE continues to **invest in new and innovative solutions** to reduce wildfire risk, emphasizing the importance of mitigation plans and infrastructure resiliency[5](index=5&type=chunk) [Key Strategic and Regulatory Updates](index=1&type=section&id=Key%20Strategic%20and%20Regulatory%20Updates) The company is actively addressing wildfire-related issues, making significant regulatory progress, and reaffirming its 2025 Core EPS guidance with confidence in long-term growth - **Eaton Fire investigations are ongoing**, and SCE plans to launch a **Wildfire Recovery Compensation Program**[6](index=6&type=chunk) - The company is **confident that legislative action will enhance California's AB 1054 regulatory framework**[6](index=6&type=chunk) - **Strong regulatory progress** includes WMCE settlement approval, a final decision in the WM/VM proceeding, and a GRC proposed decision[6](index=6&type=chunk) - Reaffirmed 2025 Core EPS guidance of **$5.94-$6.34** and continued confidence in delivering **5-7% Core EPS growth** from 2025 to 2028 (**$6.74-$7.14**)[6](index=6&type=chunk) [2025 Earnings Guidance and Investor Information](index=3&type=section&id=2025%20Earnings%20Guidance) Edison International reaffirmed its 2025 earnings guidance and provided details for its upcoming investor conference call and webcast [Reaffirmed 2025 Earnings Guidance](index=3&type=section&id=Reaffirmed%202025%20Earnings%20Guidance) Edison International reaffirmed its 2025 earnings guidance range, maintaining the Core EPS guidance at $5.94-$6.34, with a slight adjustment to Basic EPS for non-core items 2025 Earnings Guidance (as of July 31, 2025) | Metric | Low | High | | :---------------- | :---- | :---- | | EIX Basic EPS | $8.22 | $8.62 | | Less: Non-Core Items | 2.28 | 2.28 | | EIX Core EPS | $5.94 | $6.34 | - Non-core items recorded for the six months ended June 30, 2025, totaled **$877 million**, or **$2.28 per share**[8](index=8&type=chunk) [Conference Call and Webcast Details](index=3&type=section&id=Second-Quarter%202025%20Earnings%20Conference%20Call%20and%20Webcast%20Details) Edison International provided details for its second-quarter 2025 earnings conference call and webcast, including access information and availability of related materials on its investor relations website Conference Call Details | Event | Details | | :------------------ | :----------------------------------- | | When | Thursday, July 31, 1:30-2:30 p.m. (PDT) | | Telephone (U.S.) | 1-888-673-9780 (Passcode: Edison) | | Telephone (Int'l) | 1-312-470-0178 (Passcode: Edison) | | Telephone Replay (U.S.) | 1-800-685-6667 (Passcode: 6728) | | Telephone Replay (Int'l)| 1-203-369-3864 (Passcode: 6728) | | Replay Availability | Through Aug. 14 at 6 p.m. (PDT) | - Prepared remarks by the CEO and CFO, teleconference presentation, and Form 10-Q are available on www.edisoninvestor.com[9](index=9&type=chunk)[10](index=10&type=chunk) [Company Profile](index=4&type=section&id=About%20Edison%20International) This section provides an overview of Edison International's business, its primary utility subsidiary, and non-regulated energy advisory services [Company Overview](index=4&type=section&id=Company%20Overview) Edison International is a major U.S. electric utility holding company, providing clean and reliable energy through Southern California Edison and offering sustainability advisory services via Trio - Edison International (NYSE: EIX) is one of the nation's **largest electric utility holding companies**, focused on providing clean and reliable energy and energy services[11](index=11&type=chunk) - Southern California Edison Company, a utility subsidiary, delivers electricity to **15 million people** across Southern, Central, and Coastal California[11](index=11&type=chunk) - **Trio (formerly Edison Energy)** is a portfolio of nonregulated competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial, and institutional organizations in North America and Europe[11](index=11&type=chunk) [Appendix](index=6&type=section&id=Appendix) The appendix provides supplementary financial information, details on non-GAAP measures, and a safe harbor statement outlining key risk factors [Use of Non-GAAP Financial Measures](index=6&type=section&id=Use%20of%20Non-GAAP%20Financial%20Measures) Edison International uses non-GAAP financial measures like 'core earnings' and 'core EPS' for internal planning and investor communications, excluding discrete items not representative of ongoing earnings - Core earnings and core EPS are **non-GAAP financial measures** used internally for financial planning and performance analysis, and externally for investor communications[13](index=13&type=chunk) - Core earnings and core EPS **exclude income or loss from discontinued operations and significant discrete items** not considered representative of ongoing earnings[14](index=14&type=chunk) - These non-GAAP measures may not be comparable to those of other companies and are reconciled to basic GAAP earnings in attached tables[14](index=14&type=chunk) [Safe Harbor Statement and Risk Factors](index=6&type=section&id=Safe%20Harbor%20Statement) This section outlines the forward-looking nature of statements and details important factors that could cause actual results to differ materially from current expectations, including cost recovery, cybersecurity, and wildfire liability - Statements about future performance are **forward-looking** and involve risks and uncertainties that could cause actual results to differ materially[15](index=15&type=chunk) - **Key risk factors** include SCE's ability to recover costs through regulated rates (especially wildfire-related costs), cybersecurity and physical security of assets, and risks associated with operating electrical facilities[15](index=15&type=chunk) - **Other significant risks** involve the impact of customer rate affordability, ability to update grid infrastructure, implementation of operational and strategic plans (including Wildfire Mitigation Plan), regulatory or legislative restrictions on wildfire mitigation, and the effectiveness of California Assembly Bill 1054 (AB 1054) in mitigating wildfire liability[15](index=15&type=chunk)[17](index=17&type=chunk) - **Additional risks** include attracting and retaining a skilled workforce, decisions by regulatory bodies (CPUC, FERC, NRC), governmental changes affecting the electricity industry, potential penalties for non-compliance, extreme weather events, decommissioning of San Onofre, cost allocation leading to higher rates for bundled service customers, and credit rating agency actions[17](index=17&type=chunk) [Reconciliation of Basic to Core Earnings](index=8&type=section&id=Second%20Quarter%20Reconciliation%20of%20Basic%20Earnings%20Per%20Share%20to%20Core%20Earnings%20Per%20Share) This section provides detailed reconciliations of basic GAAP earnings per share and net income to core earnings per share and core earnings, explaining specific non-core items primarily related to wildfire claims Second Quarter Reconciliation of Basic EPS to Core EPS | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Change | | :-------------------------------------- | :------------------------------- | :------------------------------- | :----- | | Earnings (loss) per share available to EIX | $0.89 | $1.14 | $(0.25) | | Less: Non-core items | $(0.08) | $(0.09) | $0.01 | | Core earnings (loss) per share | $0.97 | $1.23 | $(0.26) | | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change | | :-------------------------------------- | :------------------------------- | :------------------------------- | :----- | | Earnings (loss) per share available to EIX | $4.62 | $1.11 | $3.51 | | Less: Non-core items | $2.28 | $(1.26) | $3.54 | | Core earnings (loss) per share | $2.34 | $2.37 | $(0.03) | Second Quarter Reconciliation of Basic Earnings to Core Earnings (in millions) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Change | | :-------------------------------------- | :------------------------------- | :------------------------------- | :----- | | Net income (loss) available to EIX | $343 | $439 | $(96) | | Less: Non-core items | $(31) | $(36) | $5 | | Core earnings (losses) | $374 | $475 | $(101) | | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change | | :-------------------------------------- | :------------------------------- | :------------------------------- | :----- | | Net income (loss) available to EIX | $1,779 | $428 | $1,351 | | Less: Non-core items | $877 | $(485) | $1,362 | | Core earnings (losses) | $902 | $913 | $(11) | - Non-core items for SCE in the six months ended June 30, 2025, include net earnings related to the TKM Settlement Agreement (**$1,341 million** claim costs, **$58 million** legal expenses, partially offset by **$50 million** shareholder-funded wildfire mitigation and **$8 million** impairment of restoration assets)[19](index=19&type=chunk) - **Non-core items also include charges** for 2017/2018 Wildfire/Mudslide Events claims and legal expenses, net of expected regulatory recoveries, and charges for Other Wildfires claims and legal expenses, net of expected insurance and regulatory recoveries[19](index=19&type=chunk) - Amortization of SCE's Wildfire Insurance Fund expenses (**$36 million** for Q2 2025, **$72 million** for YTD 2025) and wildfire claims insured by EIS (**$50 million** for YTD 2025) are also included as non-core items[20](index=20&type=chunk) [Condensed Consolidated Financial Statements](index=11&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the company's condensed consolidated statements of income, balance sheets, and cash flows [Statements of Income](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20Edison%20International) Condensed Consolidated Statements of Income (in millions) | Metric | Three months ended June 30, 2025 | Three months ended June 30, 2024 | Six months ended June 30, 2025 | Six months ended June 30, 2024 | | :-------------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Operating revenue | $4,543 | $4,336 | $8,354 | $8,414 | | Total operating expenses | $3,768 | $3,436 | $5,445 | $7,269 | | Operating income | $775 | $900 | $2,909 | $1,145 | | Net income | $398 | $509 | $1,890 | $561 | | Net income available to EIX common shareholders | $343 | $439 | $1,779 | $428 | | Basic earnings per common share | $0.89 | $1.14 | $4.62 | $1.11 | [Balance Sheets](index=12&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheets (in millions) | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------------------- | :------------ | :---------------- | | Total current assets | $6,950 | $7,155 | | Total assets | $88,813 | $85,579 | | Total current liabilities | $7,965 | $8,439 | | Long-term debt | $34,971 | $33,534 | | Total liabilities | $69,952 | $67,839 | | Total Edison International's shareholders' equity | $16,686 | $15,565 | | Total equity | $18,861 | $17,740 | | Total liabilities and equity | $88,813 | $85,579 | [Statements of Cash Flows](index=15&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Condensed Consolidated Statements of Cash Flows (in millions) | Metric | Six months ended June 30, 2025 | Six months ended June 30, 2024 | | :-------------------------------------- | :------------------------------- | :------------------------------- | | Net cash provided by operating activities | $2,106 | $1,372 | | Net cash provided by financing activities | $991 | $1,565 | | Net cash used in investing activities | $(3,002) | $(2,670) | | Net increase in cash, cash equivalents and restricted cash | $95 | $267 | | Cash, cash equivalents and restricted cash at end of period | $779 | $799 |

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].

Group 1 - The analyst has a master's degree in economics and 15 years of experience in both public and private sectors, providing a global perspective on investing insights [1] - The investment approach includes a mix of growth stocks, quality stalwarts, and dividend growth strategies, aiming for a balanced portfolio that outperforms the market [1] - The analyst teaches investing, micro, and macroeconomics, focusing on educating the next generation of investors about financial market fundamentals [1] Group 2 - The analyst currently holds a beneficial long position in EIX shares and may consider increasing this position in the near future [2] - The article expresses the analyst's personal opinions and is not influenced by any compensation from companies mentioned [2]