When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

“It seems like the momentum stocks that have got us here still remain in favor with our customers.” This was highlighted by Steve Sosnick, Chief Strategist at Interactive Brokers, in a late December 2025 interview with CNBC. Sosnick said the market environment is marked by continuous retail inflows, while citing data from his firm’s platform. According to this data, in most weeks, the vast majority of the 25 most actively traded stocks on the platform are net buys, meaning more clients are buying than selli ...

Core Insights - 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 investment insights [1] - The investment approach focuses on a balanced portfolio that includes growth stocks, quality stalwarts, and dividend growth strategies [1] - The analyst is currently teaching investing and economics, aiming to guide the next generation of investors [1] Investment Strategy - The portfolio is balanced between individual stocks and ETFs, combining stability with growth [1] - The analyst expresses a beneficial long position in EIX shares, indicating confidence in the stock's performance [2] - Plans to take some profits at current price levels suggest a strategic approach to managing investments [2]

Core Insights - Southern California Edison has initiated a Wildfire Recovery Compensation Program to compensate victims of the Eaton Fire, potentially affecting tens of thousands of claimants [1] - The company has recorded approximately $1 billion in liabilities related to the Eaton Fire, including 2,405 claims and 593 offers totaling over $183 million [2][3] Financial Overview - The estimated total potential liability for the Eaton Fire is projected at $13.5 billion, based on an assumption of 2.5 claims per 18,000 properties at $300,000 per claim [9] - Edison International has a 5-year capital spending plan ranging from $38 billion to $41 billion [4] - The company has invested $12 billion in safety and reliability upgrades over the past two years [5] Incident Details - The cause of the Eaton Fire remains undetermined, but there is a prevailing theory that an idle transmission line owned by Southern California Edison may have sparked the blaze [6] - The company has photographic evidence of anomalies in the grounding of the suspect line and has since adopted a policy of grounding idle lines every two miles [6][7] - Approximately 18,000 properties are eligible for payouts under the compensation program, with many properties potentially representing multiple claims [8] Community Support - Edison International has contributed $2 million to the Pasadena Community Foundation to support survivors of the Eaton Fire [9]

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]

Edison International is cutting top executive bonuses by 40% to reflect the impact of the devastating Los Angeles-area wildfire that killed 19 people and damaged or destroyed more than 10,000 structures.The decision follows a hard season for Edison’s Southern California utility, which may be found responsible for the Eaton Fire that burned for almost four weeks in January 2025, wiping out entire neighborhoods. The company has acknowledged that it’s possible its equipment may have sparked the fire, and is fa ...

Core Insights - Edison International reported a significant increase in earnings for 2025, with GAAP earnings per share rising to $4.80 from $0.88 year-over-year, and core earnings increasing to $1.86 from $1.05 [2][3] - The company has set new core EPS guidance for 2026 and 2027, projecting a range of $5.90 to $6.20 for 2026 and $6.25 to $6.65 for 2027, while maintaining an annual growth expectation of 5% to 7% through 2028 [4] Financial Performance - Full-year GAAP earnings for 2025 reached $11.58 per share, up from $3.33 in 2024, with core earnings climbing to $6.55 from $4.93 [2] - The earnings growth was primarily driven by Southern California Edison (SCE), benefiting from revenue recognition related to the 2025 General Rate Case and reduced interest expenses due to wildfire-related settlements [3] Strategic Initiatives - The company is focusing on investments in wildfire mitigation and grid resilience, having installed over 7,000 miles of covered conductor in high fire-risk areas, which constitutes over 90% of its planned grid hardening efforts [5] - Edison International is processing claims under its Wildfire Recovery Compensation Program, which is a critical part of California's wildfire liability framework [5] Regulatory Environment - California's investor-owned utilities, including Edison International, are facing increased regulatory scrutiny and climate-related risks, with challenges such as wildfire liabilities and infrastructure costs [6] - Earlier in the year, SCE implemented a rate decrease of 2.3% for residential customers and 5.3% for small and medium-sized businesses, positioning its average rates as the lowest among major California utilities [6] Holding Company Performance - At the holding company level, Edison International Parent and Other reported a wider core loss year-over-year, primarily due to higher interest expenses and losses from preferred stock redemption [7]

Edison International (EIX) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +27.38%. A quarter ago, it was expected that this electric power provider would post earnings of $2.16 per share when it actually produced earnings of $2.34, delivering a surprise of +8.33%.Over the last four q ...

Financial Data and Key Metrics Changes - Edison International reported a core earnings per share (EPS) of $6.55 for 2025, exceeding guidance and marking a successful delivery of the long-term core EPS growth target established in 2021 [4] - The fourth quarter core EPS was $1.86, with the full-year 2025 core EPS exceeding the high end of the guidance range [14][15] - The company reaffirmed its 2028 guidance and extended its core EPS growth target of 5%-7% through 2030 [15][20] Business Line Data and Key Metrics Changes - SCE has invested over $12 billion in customer safety and reliability over the last two years, with a focus on wildfire risk reduction and operational excellence [6][16] - The utility plans to execute a $7 billion capital plan for 2026 to meet customer needs [16] - The extended capital plan from 2026 through 2030 is projected to be between $38 billion and $41 billion, focusing on load growth-driven programs and infrastructure replacement [17] Market Data and Key Metrics Changes - SCE has the lowest system average rate among California's major investor-owned utilities, with a 2.3% rate decrease for residential customers and a 5.3% decrease for small and medium-sized businesses [6] - The typical non-CARE residential customer currently pays about $188 per month, slightly higher than $180 two years ago [6] Company Strategy and Development Direction - The company emphasizes commitments to customers, communities, and investors, focusing on safety, reliability, and affordability [5][7] - Edison International is actively engaging with policymakers to reinforce a stable regulatory framework that supports long-term investment [8][11] - The company is confident in its multi-year financial outlook, supported by a robust pipeline of necessary investments [12][20] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of maintaining a durable regulatory environment to protect customers from higher costs and ensure stable returns for investors [7][8] - The upcoming legislative session is seen as pivotal for shaping California's energy and resiliency policy, with a focus on mitigating catastrophic wildfires [11][44] - Management expressed confidence in achieving the extended EPS growth targets and maintaining a strong balance sheet without equity needs through 2030 [20] Other Important Information - Edison International announced enhancements to the Wildfire Recovery Compensation Program, providing stronger support for displaced renters and increasing coverage for legal expenses [8][64] - The company is collaborating with the L.A. District Attorney's office regarding the investigation into the Eaton Fire, maintaining confidence in its operational prudence [76][78] Q&A Session Summary Question: Inquiry about Eaton losses and total liability visibility - Management indicated that over 2,300 claims have been submitted under the Wildfire Recovery Compensation Program, with no current estimate for total liability due to the complexity of claims [26][28] Question: Clarification on EPS growth and financing considerations - Management explained that muted growth in 2026 is due to fewer regulatory decisions and variances in asset mix, but expects to be at the high end of the growth range in subsequent years [35][36] Question: Updates on the AMI 2.0 application and capital plan - The AMI 2.0 application is expected to be filed in the coming months, with a decision anticipated in about 18 months, and the total request is projected to be around $3 billion [42] Question: Comments on SB 254 processes and legislative updates - Management noted robust participation from stakeholders in the SB 254 process and emphasized the need for a predictable framework to support capital access and affordability [44][47] Question: Details on the L.A. District Attorney's investigation - Management confirmed collaboration with the attorney's office and expressed confidence in demonstrating that SCE's actions were consistent with those of a reasonable utility operator [76][78]

Financial Data and Key Metrics Changes - Edison International reported a core earnings per share (EPS) of $6.55 for 2025, exceeding guidance and marking a successful delivery of the long-term core EPS growth target established in 2021 [4][14] - The fourth quarter core EPS was $1.86, with the full-year 2025 core EPS exceeding the high end of the guidance range [14][15] - The company faced headwinds such as record inflation and rising interest rates but still managed to deliver on commitments [15] Business Line Data and Key Metrics Changes - SCE has installed over 7,000 miles of covered conductor in high fire risk areas, representing over 90% of its planned grid hardening effort [5][6] - A 2.3% rate decrease for residential customers and a 5.3% decrease for small and medium-sized business customers were announced, starting from a position of having the lowest system average rate among California's major investor-owned utilities [6][7] Market Data and Key Metrics Changes - The company is actively engaging with policymakers to reinforce the value of a stable regulatory framework, which is crucial for long-term investment and customer protection [8][11] - Edison International's capital plan for 2026 through 2030 is projected to be between $38 billion and $41 billion, focusing on load growth-driven programs and wildfire mitigation [17][18] Company Strategy and Development Direction - The company is committed to enhancing safety, reliability, and affordability while maintaining a strong investment-grade balance sheet [7][12] - Edison International is extending its core EPS growth target to 2030, with a long-term growth rate target of 5%-7% [12][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the multi-year financial outlook, reaffirming guidance for 2028 and extending the EPS growth target through 2030 [12][20] - The upcoming legislative session is seen as pivotal for shaping California's energy and resiliency policy, with a focus on mitigating catastrophic wildfires [11][43] Other Important Information - The company has committed $2 million to the Pasadena Community Foundation to support community members affected by the Eaton Fire [10] - Edison International is working on a Woolsey securitization application to securitize about $2 billion in costs associated with the Woolsey settlement agreement [21] Q&A Session Summary Question: Update on Eaton losses and total liability estimates - Management indicated that over 2,300 claims have been submitted under the Wildfire Recovery Compensation Program, with no current estimate for total losses due to the complexity of the claims process [26][28] Question: Clarification on 5%-7% EPS growth range - Management confirmed that muted growth in 2026 is due to fewer regulatory decisions and other variances, but expects to be at the high end of the growth range in 2027 [34][35] Question: Timing of AMI 2.0 application and capital plan - The AMI 2.0 application is expected to be filed in the coming months, with a decision anticipated in about 18 months, and the total request will be around $3 billion [41] Question: LA District Attorney's investigation - Management stated that they are collaborating with the attorney's office and remain confident in SCE's actions being consistent with those of a reasonable utility operator [75][76]