Edison International (EIX) investor relations material

Executive summary

• Q2 2025 GAAP EPS was $0.89 and Core EPS was $0.97, both down year-over-year, with net income at $343 million versus $439 million in Q2 2024.

• Confident in meeting 2025 EPS guidance and delivering a 5%–7% Core EPS CAGR through 2028.

• Ongoing Eaton Fire investigations, with lawsuits filed and a Wildfire Recovery Compensation Program to launch.

• Regulatory progress includes WMCE and WMVM settlements, GRC proposed decision, and TKM Settlement approval.

• SCE focuses on operational excellence, cost management, and customer affordability, supported by technology and innovation.

Financial highlights

• Q2 2025 Core EPS was $0.97, down from $1.23 year-over-year, mainly due to higher O&M and regulatory impacts.

• Q2 2025 operating revenue was $4.54 billion, up $208 million year-over-year; net income was $343 million, down from $439 million.

• Six-month net income rose to $1.78 billion from $428 million, driven by wildfire settlement recoveries.

• Parent company variance driven by higher interest expense.

• SCE continues to book revenues at 2024 authorized levels, pending the final GRC decision, with a true-up expected upon resolution.

Outlook and guidance

• 2025 Core EPS guidance reaffirmed at $5.94–$6.34, with 5%–7% long-term EPS growth expected through 2028.

• 2028 Core EPS target range is $6.74–$7.14; basic EPS guidance for 2025 is $8.22–$8.62, including non-core items.

• Financial guidance, including capital and rate base projections, will be refreshed after the final GRC decision.

• SCE anticipates investing $6.2 billion in wildfire mitigation from 2026–2028.

• Minimal equity needs anticipated in consolidated financing plan for 2025–2028.