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20:30
Jul 30 ◎

EIX FY2026 Q2 Watch

Edison International (EIX) FY2026 Q2 Earnings Call

MCO SPGI EIX ▾

Pedro Pizarro

Management cites Moody's independent analysis to frame wildfire risk as a broad economic issue for California, not just a utility problem.

"Moody's recently highlighted that the implications extend beyond utilities. They note that wildfire-related costs can affect electricity rates, affordability, and California's broader economic competitiveness."

MCO WATCH

Pedro Pizarro

Management references S&P's view to underline that the credit and economic impact of wildfire risk is wider than the utility sector.

"SNP has also observed that wildfire-related financial risks increasingly extend beyond investor-owned utilities to public utilities, local governments, insurers, and the communities they serve."

SPGI WATCH

Pedro Pizarro

The tone is cautiously confident on reiterating guidance, but management is clear that the uncertainty around the legislative outcome in Sacramento will influence future capital deployment and financing costs.

"we are confident in reaffirming our 2026 core EPS guidance and other financial targets, including our 5% to 7% core EPS growth over the long term."

EIX WATCH

HIGH

20:30
Apr 28 ◎

EIX FY2026 Q1 Watch

Edison International (EIX) FY2026 Q1 Earnings Call

EIX ▾

Pedro Pizarro

Management reaffirmed its 2026 EPS guidance and long-term targets, emphasizing strong visibility over the next few years due to resolved regulatory proceedings. This positive outlook is reinforced by a plan to deliver growth with no new common equity issuance through 2030.

"we are reaffirming our 2026 core EPS guidance and other financial targets, including our 5% to 7% core EPS growth over the long term"

EIX WATCH

HIGH

21:30
Feb 18 ◎

EIX FY2025 Q4 Watch

Edison International (EIX) FY2025 Q4 Earnings Call

EIX ITRI SILV ESEY ATKR ▾

Maria Rigotti

Management reaffirmed long-term targets and extended the growth horizon, signaling confidence in regulatory clarity and a robust capex pipeline despite near-term headwinds.

"Today, we are reaffirming our 2028 guidance and extending our 5% to 7% EPS growth target to 2030."

EIX WATCH

Maria Rigotti

The utility's capital plan includes nearly $1.5B of capex through 2030 from the AMI 2.0 application, with total request exceeding $3B and spending through 2033, indicating a long-duration smart meter replacement cycle for suppliers. — This signals a multi-year, large-scale AMI deployment that could provide a significant revenue runway for meter manufacturers and related technology vendors.

"Our updated forecast now includes nearly $1.5 billion of capital expenditures through 2030 from SCE's upcoming AMI 2.0 application. The total request will exceed $3 billion, with spending expected to continue through 2033."

ITRI WATCH SILV WATCH ESEY WATCH

Pedro Pizarro

Covered conductor installation is now over 90% complete at 7,000+ miles, suggesting a potential inflection point where the pace of grid-hardening spend on conductor may taper off, shifting to other wildfire mitigation technologies. — As this major program approaches completion, the demand profile for covered conductor and related hardware could decelerate, potentially affecting suppliers' order books.

"The utility has now installed more than 7,000 miles of covered conductor in high-fire risk areas, representing over 90% of its planned grid-hardening effort."

ATKR WATCH NUE WATCH

HIGH

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