Edison International
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+ FollowMarket Cap$22.91B
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Earnings Call Q3 2026
October 29, 2026 - AI Summary
Earnings + guidance reaffirmed (core EPS)
- Q3 2026 core EPS: $1.92 vs $2.34 in Q3 2025 (a YoY decline).
- YTD core EPS: $4.89.
- 2026 core EPS outlook reaffirmed: $5.90–$6.20 with a bias toward the middle of the range, citing strong year-to-date performance and expectations for the remainder of the year.
- Longer-term targets reaffirmed: 2027–2028 core EPS ranges reaffirmed and long-term core EPS growth target: 5%–7% through 2030.
Wildfire liability reform: urgency + specific legislative timeline (major investor risk)
- Management was disappointed California’s legislative session ended without action on a durable long-term wildfire liability/liquidity reform package.
- They are advocating for a solution that includes:
- a clear, durable liquidity source for claims resolution, and
- a true shareholder liability cap not connected to the wildfire fund (i.e., cleaner/longer-lasting risk transfer structure).
- Constitutional deadline: bills must be sent to the Governor by Nov 15 (not Nov 30). If missed, effort moves to the new legislature in 2027.
- Management emphasizes delay risk: if reform slips to 2027, they warn it will have significant and costly consequences for customers and the economy.
What “inaction” costs investors/customers (new quantified risk)
- Edison highlighted the financing-cost impact of uncertainty in the wildfire framework:
- Estimated incremental cost to customers: ~$300 million over the life of bonds expected to be issued in 2027 alone, attributed to elevated credit spreads.
- They also warn that if Edison/SCE were to experience a credit rating drop below investment grade, financing costs would rise further—at a time when affordability is paramount.
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$-46.29
177.3% downside
Current Fair Value
177.3% downsideOvervalued by 177.3% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $22.91 Billion |
|---|---|
| Enterprise Value | $65.46 Billion |
| Annual dividend | $3.51 |
| Dividend yield | 5.91% |
| Earnings per Share | $11.58 |
| Beta | 0.55 |
| Outstanding Shares | 385,000,000 |
Return
| Return on Equity | 20.98% |
|---|---|
| Return on Assets | 3.87% |
| Return on Invested Capital | 3.58% |
Valuation & Multiples
| P/E Ratio | 6.28 |
|---|---|
| PEG | -34.44 |
| Price to Sales | 1.25 |
| Price to Book Ratio | 1.2 |
| Enterprise Value to Revenue | 3.53 |
| Enterprise Value to EBIT | 20.92 |
| Enterprise Value to Net Income | 17 |
| Total Debt to Enterprise | 0.65 |
| Debt to Equity | 2.39 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 29, 2026
EPS
$1.87
Est. $1.81Revenue
$4.89 B
Est. $5.34 BNext Earnings Call
Expected Date
February 17, 2027
EPS Estimate
$1.35
Consensus analyst estimateRevenue Estimate
$4.89 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.99, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 1.9899▲ 95.47% |
|---|---|
| Total Calls | 1,073,044▼ 21.13% |
| Total Puts | 2,135,300▲ 51.60% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 16.42%▼ 78.10% |
|---|---|
| Total Invested | $3.45B▼ 87.28% |
| Investors Holding | 501▼ 609.00% |
About Edison International
13,725 employees
CEO: Pedro Pizarro
Edison International, operating through its various subsidiaries, is primarily engaged in the generation and delivery of electrical power. The company serves a vast customer base of approximately 15 million, encompassing residential, com...