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Edison International Surges on Higher Rates
29 Apr
Summary
- First-quarter profit exceeded analyst expectations.
- Higher electricity rates boosted utility earnings significantly.
- Company affirmed its 2026 adjusted profit guidance.
Edison International reported first-quarter earnings that exceeded expectations, with its subsidiary Southern California Edison posting core earnings of $1.65 per share. The utility benefited from the adoption of its 2025 general rate case decision, which allows for higher customer electricity rates.
Power companies across the U.S. are implementing higher rates to meet demand from AI-focused data centers, increased manufacturing, and extreme weather. U.S. power consumption reached a record high in 2025 and is projected to climb through 2027, according to the EIA.
The Rosemead, California-based company posted adjusted earnings of $1.42 per share for the quarter ended March 31, surpassing the $1.31 per share estimate. Edison International also affirmed its 2026 adjusted profit guidance of $5.90-$6.20 per share.
