Edison International Q4 Earnings Top Estimates, Sales Increase Y/Y

Core Insights - Edison International (EIX) reported fourth-quarter 2025 adjusted earnings of $1.87 per share, exceeding the Zacks Consensus Estimate of $1.47 by 27.4%, and increased 78.1% from $1.05 in the year-ago quarter [1] - The company recorded GAAP earnings of $4.80 per share compared to 88 cents in the fourth quarter of 2024 [1] - For the full year 2025, adjusted earnings were $6.55 per share, significantly higher than the previous year's $4.93 [1] Revenue Performance - EIX's fourth-quarter operating revenues reached $5.21 billion, surpassing the Zacks Consensus Estimate of $4.38 billion by 19%, and increased 30.9% from $3.98 billion in the same quarter last year [2] - Total operating revenues for 2025 were reported at $19.32 billion, up from $17.6 billion in 2024 [2] Operational Highlights - Total operating expenses for 2025 decreased by 16.7% year over year to $12.22 billion [3] - Purchased power and fuel costs fell by 5.3%, while depreciation and amortization expenses rose by 12.9% [3] - Operating income for 2025 was $7.09 billion, compared to $2.93 billion in the prior year [3] Segment Results - Southern California Edison reported fourth-quarter adjusted earnings of $2.14 per share, up from $1.28 in the year-ago quarter, attributed to benefits from interest expense related to cost recoveries and revenue recognition [4] - Edison International Parent and Other incurred an adjusted loss of 28 cents per share, compared to a loss of 23 cents in the previous year, due to a loss on preferred stock redemption [5] Financial Update - As of December 31, 2025, cash and cash equivalents were $158 million, down from $193 million a year earlier [6] - Long-term debt increased to $36.07 billion from $33.53 billion at the end of 2024 [8] - Net cash flow from operating activities was $5.8 billion, up from $5.01 billion in the previous year [8] - Total capital expenditures were $6.52 billion, higher than $5.71 billion in the prior year [8] Guidance - The company expects 2026 earnings to be in the range of $5.90-$6.20 per share, below the current Zacks Consensus Estimate of $6.24 [9]