EIX · 10-Q · 2026Q3 · Full report

Quarterly Earnings Performance

EDISON INTERNATIONAL · 2026-10-29 · Importance 26 · Surprise 24 · In source text

Edison International’s third-quarter 2026 earnings decreased $108 million year over year, reflecting a $116 million decline in SCE earnings partly offset by an $8 million improvement in Edison International Parent and Other’s loss. SCE’s lower net income reflected $172 million of lower core earnings and a $56 million lower non-core loss. For the first nine months of 2026, Edison International earnings decreased $822 million year over year, principally because SCE had a $58 million non-core loss versus an $847 million non-core benefit in 2025, partly offset by $41 million of higher SCE core earnings. SCE’s quarterly core earnings fell primarily because the third quarter of 2025 included retroactive recognition under the 2025 GRC final decision; nine-month core earnings rose primarily on higher revenue from the decision’s escalation mechanism.

Key facts

• Edison International's earnings for the nine months ended September 30, 2026 decreased $822 million from the same period in 2025, reflecting an $864 million decrease in SCE earnings partly offset by a $42 million decrease in Edison International Parent and Other's loss. source
• Edison International reported a net loss available to common shareholders from Edison International Parent and Other operations of $282 million for the nine months ended September 30, 2026, compared with $324 million in 2025. source
• SCE recorded a $76 million net charge ($39 million after tax) in 2025, primarily related to an $88 million impairment from historical capital expenditures disallowed in its 2025 GRC final decision, partly offset by recognition of a $12 million clean energy subsidy. source
• SCE's core earnings decreased $172 million in the third quarter of 2026 compared with the third quarter of 2025, primarily because the third quarter of 2025 included earnings recognized upon implementation of the 2025 GRC final decision retroactive to January 1, 2025. source
• Edison International recorded $37 million of losses ($34 million after tax) in 2026 related to Trio's disposition, operating losses, and related transaction and employee costs. source
• Edison International's third-quarter 2026 earnings decreased $108 million from third-quarter 2025, reflecting a $116 million decrease in SCE earnings partly offset by an $8 million decrease in Edison International Parent and Other's loss. source
• Edison International completed the disposition of Trio in the second quarter of 2026; Trio's business activities had not been material to Edison International. source
• SCE's core earnings increased $41 million for the nine months ended September 30, 2026 compared with the same period in 2025, primarily due to higher revenue from the 2025 GRC final decision's escalation mechanism. source

Impact estimates