Quarterly ResultApr 28, 2026, 04:14 PM
EIX Q1 Net Income $531M, down $905M; Wildfire Losses $1.3B
AI Summary
Edison International reported Q1 2026 net income of $531 million, a significant decrease of $905 million from Q1 2025, primarily due to lower wildfire-related recoveries. Despite this, core earnings increased by $18 million to $546 million. The company recorded $1.3 billion in losses related to Eaton Fire settlements, with ongoing litigation and potential for additional material losses. SCE's operating revenue increased by $294 million to $4.096 billion.
Key Highlights
- EIX Q1 2026 net income $531M, down $905M from Q1 2025.
- SCE Q1 2026 net income $619M, down $948M from Q1 2025.
- EIX Q1 2026 core earnings $546M, up $18M from Q1 2025.
- SCE Q1 2026 operating revenue $4.096B, up $294M from Q1 2025.
- SCE recorded $1.3B in losses for Eaton Fire settlements as of March 31, 2026.
- SCE expects $917M recovery from customer-funded self-insurance for Eaton Fire.
- SCE expects $295M recovery from Wildfire Fund for Eaton Fire.
- Total capital expenditures were $1.5B for Q1 2026.
Price Impact
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