Edison Accelerates Innovation, Reaffirms Growth Targets as Q1 2026 Earnings Exceed Expectations
Edison International, a leading electric utility company, has reported impressive first-quarter 2026 earnings, exceeding market expectations and reaffirming its growth targets. The company's President and Chief Executive Officer, Pedro Pizarro, highlighted the significant progress made in strengthening the grid, improving situational awareness, and reducing wildfire risk across SCE's service area.
According to Pizarro, SCE has completed about 93% of the planned physical hardening work on its distribution system in high fire-risk areas, reflecting sustained investment in covered conductor and targeted undergrounding. The utility continues to evolve its Public Safety Power Shutoff (PSPS) protocols, enhancing analysis of on-the-ground conditions enabled by its fast network of weather stations and overall system visibility.
The Office of Energy Infrastructure Safety approved SCE's annual safety certification after an independent assessment of the utility's Wildfire Mitigation Plan (WMP) and continued progress in implementing it. Pizarro shared tangible examples of innovation, including the use of AI models to improve grid inspections and identify maintenance needs with faster and more accurate diagnostics.
Edison International's first-quarter 2026 core earnings per share were $1.42, reflecting disciplined execution, steady operational progress, and a clear focus on priorities that matter most to customers, communities, and capital providers. The company reaffirmed its 2026 core EPS guidance and other financial targets, including long-term core EPS growth of 5-7%.
Pizarro focused on three areas: wildfire mitigation and grid reliability; key legislative developments; and confidence in the financial outlook, which Executive Vice President and Chief Financial Officer Maria Rigatti will expand on. The company's strong visibility into its capital plan, SCE's regulatory outlook, and sustained focus on safety and risk management support its targets.
Susan Hardwick was welcomed to Edison International's board, bringing over 35 years of leadership experience in the electric and water utilities. Her expertise in operations, finance, and regulatory oversight will be valuable in guiding the company's future growth and success.
Edison International's commitment to innovation, safety, and customer satisfaction is evident in its Q1 2026 earnings report. As the company continues to navigate an evolving energy landscape, it remains confident in its ability to meet growing demands for reliable and clean electricity.
