Edison International's (EIX) stock soared 5.12% in Friday's intraday trading session, following a positive earnings report and regulatory developments that boosted investor confidence.

On Thursday, Edison International announced its fourth-quarter 2024 earnings results, reporting a core EPS of $4.93, which was above the midpoint of its guidance. The company demonstrated strong execution by meeting or exceeding its annual EPS guidance for the past two decades. Additionally, Edison International declared a first-quarter 2025 common stock dividend of $0.8275 per share, marking the 21st consecutive annual increase and reflecting confidence in the company's financial outlook.

Investors also reacted positively to the recent approval by the California Public Utilities Commission (CPUC) of the TKM settlement agreement, allowing Southern California Edison (SCE), a subsidiary of Edison International, to recover about $1.6 billion or 60% of pre-AB 1054 wildfire claims payments and associated costs. This regulatory decision signals a constructive cost recovery framework in California, providing Edison International with greater financial stability.

Furthermore, the company highlighted its ongoing progress in wildfire mitigation efforts, having installed over 6,400 miles of covered conductor to harden its grid and enhance resilience. Edison International reaffirmed its 2025 EPS guidance and maintained its 5% to 7% core EPS growth target through 2028, reflecting confidence in its long-term outlook and ability to navigate the challenges posed by wildfires and climate change.