Edison International Q3 Earnings Top Estimates, Revenues Increase Y/Y

Core Insights - Edison International (EIX) reported third-quarter 2025 adjusted earnings of $2.34 per share, exceeding the Zacks Consensus Estimate of $2.16 by 8.3%, and reflecting a 55% increase from $1.51 in the same quarter last year [1] - The company's total operating revenues for the third quarter reached $5.75 billion, surpassing the Zacks Consensus Estimate of $5.61 billion by 2.6%, and marking a 10.6% increase from $5.2 billion in the prior year [2] Financial Performance - Total operating expenses increased by 2.7% year over year to $4.32 billion, with purchased power and fuel costs decreasing by 10.4%, while depreciation and amortization expenses rose by 21.4% [3] - Operating income for the quarter was $1.43 billion, compared to $0.99 billion in the previous year [4] Segment Results - Southern California Edison reported adjusted earnings of $2.58 per share, up from $1.74 in the year-ago quarter, attributed to higher revenues from the 2025 GRC final decision [5] - The Edison International Parent and Other segment incurred an adjusted loss of 24 cents per share, slightly worse than the loss of 23 cents in the prior year due to increased interest expenses [5] Financial Update - As of September 30, 2025, cash and cash equivalents stood at $364 million, up from $193 million at the end of 2024 [6] - Long-term debt increased to $34.48 billion from $33.53 billion at the end of 2024 [6] - Net cash flow from operating activities for the first nine months of 2025 was $4.23 billion, compared to $3.84 billion in the same period last year [6] Capital Expenditures - Total capital expenditures for the company were $4.62 billion as of September 30, 2025, an increase from $4.21 billion in the previous year [7] Guidance - The company narrowed its 2025 earnings per share guidance to a range of $5.95-$6.20, compared to the previous range of $5.94-$6.34, with the Zacks Consensus Estimate currently at $6.10 per share [9][10] Zacks Rank - Edison International currently holds a Zacks Rank 1 (Strong Buy) [11]