NYSE: SCE-PN
SOUTHERN CALIFORNIA EDISON CoCIK 0000092103 · SIC 4911 · Electric Services
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Edison reaffirms 2026–2028 EPS guidance, reports $775M in Eaton Fire offers extended
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revenue $4.36B, net income $534.0M. SCE records Eaton Fire settlements, recovers via self-insurance/Wildfire Fund
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Edison International reports Q2 2026 core EPS of $1.54, reaffirms full-year guidance
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Southern California Edison's SCE Recovery Funding LLC prices of recovery bonds in three tranches
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Latest financial statements
From 10-Q filed Jul 30, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income
(in millions, except per-share amounts, unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Operating revenue | 4,357 | 4,543 | 8,460 | 8,354 |
| Purchased power and fuel | 1,137 | 1,157 | 2,107 | 2,204 |
| Operation and maintenance | 1,071 | 1,580 | 2,088 | 2,563 |
| Wildfire-related claims, net of (recoveries) | 18 | — | 13 | (1,305) |
| Wildfire Fund expense | 36 | 36 | 71 | 72 |
| Depreciation and amortization | 834 | 826 | 1,668 | 1,568 |
| Property and other taxes | 171 | 168 | 350 | 334 |
| Other | (2) | 1 | (3) | 9 |
| Total operating expenses | 3,265 | 3,768 | 6,294 | 5,445 |
| Operating income | 1,092 | 775 | 2,166 | 2,909 |
| Interest expense | (514) | (504) | (1,038) | (805) |
| Other income, net | 97 | 113 | 218 | 220 |
| Income before income taxes | 675 | 384 | 1,346 | 2,324 |
| Income tax expense (benefit) | 114 | (14) | 215 | 434 |
| Net income | 561 | 398 | 1,131 | 1,890 |
| Less: Preference stock dividend requirements of SCE | 26 | 33 | 55 | 67 |
| Preferred stock dividend requirements of Edison International | 1 | 22 | 11 | 44 |
| Net income available to Edison International common shareholders | 534 | 343 | 1,065 | 1,779 |
| Basic earnings per share: | ||||
| Weighted average shares of common stock outstanding | 385 | 385 | 385 | 385 |
| Basic earnings per common share available to Edison International common shareholders | 1.39 | 0.89 | 2.77 | 4.62 |
| Diluted earnings per share: | ||||
| Weighted average shares of common stock outstanding, including effect of dilutive securities | 387 | 386 | 387 | 386 |
| Diluted earnings per common share available to Edison International common shareholders | 1.38 | 0.89 | 2.75 | 4.61 |
Condensed Consolidated Balance Sheets
(in millions, unaudited)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | 242 | 158 |
| Receivables, net of allowances for uncollectible accounts of $338 and $356 at respective dates | 1,819 | 1,463 |
| Accrued unbilled revenue | 1,042 | 1,238 |
| Inventory | 567 | 535 |
| Prepaid expenses | 112 | 119 |
| Regulatory assets | 2,855 | 3,290 |
| Wildfire Fund contributions | 138 | 138 |
| Other current assets | 570 | 745 |
| Total current assets | 7,345 | 7,686 |
| Nuclear decommissioning trusts | 4,784 | 4,535 |
| Other investments | 71 | 51 |
| Total investments | 4,855 | 4,586 |
| Utility property, plant and equipment, net of accumulated depreciation and amortization of $15,408 and $15,060 at respective dates | 64,923 | 63,131 |
| Nonutility property, plant and equipment, net of accumulated depreciation of $101 and $132 at respective dates | 183 | 197 |
| Total property, plant and equipment | 65,106 | 63,328 |
| Long-term receivables, net of allowances for uncollectible accounts of $39 and $49 at respective dates | 32 | 38 |
| Regulatory assets (include $3,051 and $3,092 related to a Variable Interest Entity ("VIE") at respective dates) | 12,966 | 12,960 |
| Wildfire Fund contributions | 1,671 | 1,740 |
| Operating lease right-of-use assets | 1,137 | 1,161 |
| Long-term insurance receivables | 805 | 359 |
| Other long-term assets | 2,254 | 2,168 |
| Total other assets | 18,865 | 18,426 |
| Total assets | 96,171 | 94,026 |
| LIABILITIES AND EQUITY | ||
| Short-term debt | 1,521 | 2,390 |
| Current portion of long-term debt | 3,797 | 1,928 |
| Accounts payable | 2,159 | 2,344 |
| Wildfire-related claims | 808 | 585 |
| Accrued interest | 558 | 473 |
| Regulatory liabilities | 727 | 1,158 |
| Current portion of operating lease liabilities | 121 | 120 |
| Other current liabilities | 1,401 | 1,538 |
| Total current liabilities | 11,092 | 10,536 |
| Long-term debt (includes $2,979 and $3,022 related to a VIE at respective dates) | 37,085 | 36,070 |
| Deferred income taxes and credits | 9,484 | 9,114 |
| Pensions and benefits | 364 | 370 |
| Asset retirement obligations | 2,607 | 2,583 |
| Regulatory liabilities | 11,244 | 10,627 |
| Operating lease liabilities | 1,016 | 1,041 |
| Wildfire-related claims | 626 | 721 |
| Other deferred credits and other long-term liabilities | 3,560 | 3,705 |
| Total deferred credits and other liabilities | 28,901 | 28,161 |
| Total liabilities | 77,078 | 74,767 |
| Commitments and contingencies (Note 12) | ||
| Preferred stock (50,000,000 shares authorized; zero and 414,342 shares of Series A and 83,503 and 87,937 shares of Series B issued and outstanding at respective dates) | 83 | 497 |
| Common stock, no par value (800,000,000 shares authorized; 384,787,767 and 384,787,056 shares issued and outstanding at respective dates) | 6,347 | 6,362 |
| Accumulated other comprehensive income | 3 | 6 |
| Retained earnings | 11,096 | 10,714 |
| Total Edison International's shareholders' equity | 17,529 | 17,579 |
| Noncontrolling interests preference stock of SCE | 1,564 | 1,680 |
| Total equity | 19,093 | 19,259 |
| Total liabilities and equity | 96,171 | 94,026 |
Condensed Consolidated Statements of Cash Flows
(in millions, unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 1,131 | 1,890 |
| Adjustments to reconcile to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,668 | 1,568 |
| Equity allowance for funds used during construction | (113) | (93) |
| Deferred income taxes | 146 | 420 |
| Wildfire Fund amortization expense | 71 | 72 |
| Other | 103 | 77 |
| Nuclear decommissioning trusts | 11 | (102) |
| Changes in operating assets and liabilities: | ||
| Receivables | (392) | 248 |
| Inventory | (39) | 12 |
| Accounts payable | 56 | 50 |
| Other current assets and liabilities | (9) | (247) |
| Derivative assets and liabilities, net | 12 | 44 |
| Regulatory assets and liabilities, net | 460 | (1,600) |
| Wildfire-related claims, net of insurance recoveries | (357) | (211) |
| Other noncurrent assets and liabilities | (51) | (22) |
| Net cash provided by operating activities | 2,697 | 2,106 |
| Cash flows from financing activities: | ||
| Long-term debt issued, net of premium, discount and issuance costs of $(5) and $(49) for the respective periods | 4,545 | 3,501 |
| Long-term debt repaid | (1,677) | (726) |
| Short-term debt issued | 3 | 18 |
| Short-term debt repaid | (437) | — |
| Common stock repurchased | (30) | (29) |
| Preferred stock repurchased | (538) | — |
| Commercial paper repayments, net of borrowing | (426) | (1,012) |
| Dividends and distribution to noncontrolling interests | (52) | (67) |
| Common stock dividends paid | (675) | (637) |
| Preferred stock dividends paid | (13) | (44) |
| Other | 2 | (13) |
| Net cash provided by financing activities | 702 | 991 |
| Cash flows from investing activities: | ||
| Capital expenditures | (3,385) | (3,120) |
| Proceeds from sale of nuclear decommissioning trust investments | 3,666 | 2,680 |
| Purchases of nuclear decommissioning trust investments | (3,684) | (2,580) |
| Proceeds from sale of a subsidiary, net of cash transferred | 15 | — |
| Other | (7) | 18 |
| Net cash used in investing activities | (3,395) | (3,002) |
| Net increase in cash and cash equivalents and restricted cash and cash equivalents | 4 | 95 |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 720 | 684 |
| Cash and cash equivalents and restricted cash and cash equivalents at end of period | 724 | 779 |
Amounts as printed on the EDGAR/iXBRL face — (in millions, except per-share amounts, unaudited); (in millions, unaudited). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗