Consolidated Edison, Inc.'s Stock Analysis

Consolidated Edison Reports Third Quarter Earnings and Investment Plans

Consolidated Edison, Inc. reported a net income of $688 million or $1.91 per share for the third quarter of 2025, up from $588 million or $1.70 per share in the same quarter of 2024. For the first nine months of 2025, net income reached $1.726 billion or $4.84 per share, compared to $1.510 billion or $4.37 per share in 2024. The adjusted earnings per share for 2025 is projected to be between $5.60 and $5.70, reflecting a narrowed range from previous estimates. The company continues to focus on maintaining a reliable energy infrastructure and has entered into a joint settlement agreement for a three-year investment plan aimed at funding critical infrastructure while ensuring affordability for customers.

The company is planning to complete the construction of 14 new substations and other upgrades by 2030 to support growing energy demands. Consolidated Edison operates primarily in New York City and surrounding areas, providing electric, gas, and steam services. The company emphasizes its revenue predictability and strong balance sheet as key factors for investors. Recent regulatory developments include a joint proposal for new electric and gas rate plans, which are designed to enhance the company’s financial stability and operational effectiveness in the coming years.

Nov 06, 2025 16:43:14

CECONY Proposes New Electric and Gas Rate Plans for 2026

Consolidated Edison Company of New York, Inc. (CECONY) has entered into a Joint Proposal with the New York State Department of Public Service for new electric and gas rate plans covering the period from January 2026 to December 2028. The proposal outlines electric base rate increases of $234 million in the first year, $410 million in the second year, and $421 million in the third year, resulting in a consistent total bill impact of 2.80% annually. For gas, base rate increases are set at $28 million for the first year, $69 million for the second year, and $70 million for the third year, leading to a total bill impact of 2.01% each year. These new rates will take effect upon approval from the New York State Public Service Commission (NYSPSC). Any revenue shortfall during the billing transition will be collected through a surcharge with carrying charges applied to the outstanding balance.

The Joint Proposal also includes mechanisms for managing uncollectible expenses and property tax variations, with provisions for deferring costs or credits to customers based on actual expenses compared to projected rates. CECONY plans to invest nearly $17 billion over the three years to support economic growth in New York City and Westchester County. The proposal is still subject to regulatory approval, and any adjustments ordered by the NYSPSC regarding CECONY's income tax accounting will also affect customer billing as determined by the commission.

Nov 05, 2025 16:48:40

Consolidated Edison Reports Second Quarter 2025 Earnings Results

Consolidated Edison, Inc. reported a net income of $246 million for the second quarter of 2025, translating to earnings of $0.68 per share, an increase from $202 million or $0.58 per share in the same quarter of 2024. Adjusted earnings for the second quarter were $240 million or $0.67 per share, compared to $203 million or $0.59 per share in the prior year. For the first half of 2025, net income reached $1,038 million or $2.93 per share, up from $922 million or $2.67 per share in the first half of 2024. The company reaffirmed its adjusted earnings per share guidance for 2025, projecting a range of $5.50 to $5.70 per share.

The company highlighted its ongoing investments in infrastructure, including a $440 million commitment to five key projects aimed at advancing building and transportation electrification. Consolidated Edison has completed significant transmission projects in Brooklyn and Staten Island, which are expected to enhance reliability for customers. The company is focused on maintaining its regulatory support and aims for approximately $38 billion in capital investments from 2025 to 2029, with a target of 8.2% annual utility rate base growth during this period.

Aug 07, 2025 16:45:15

Con Edison Elects Brendan Cavanagh to Board of Directors

Consolidated Edison, Inc. has elected Brendan Cavanagh to its Board of Directors, effective October 1, 2025. Mr. Cavanagh currently serves as President and Chief Executive Officer of SBA Communications Corporation, bringing extensive financial expertise and experience in managing significant asset expansions. He has held various senior leadership roles at SBA for 27 years, including Chief Financial Officer and has a background in audit and assurance from Arthur Andersen.

As a member of the Board, Mr. Cavanagh will also join the Safety, Environment, Operations and Sustainability Committees and the Audit Committees. His appointment is expected to align with the company's compensation arrangements as detailed in the upcoming proxy statement for the 2025 annual meeting of stockholders. Consolidated Edison operates through various subsidiaries, providing energy-related products and services across New York City and surrounding areas.

Aug 06, 2025 16:30:43

Con Edison Reports Increased Q1 Earnings and New Equity Issuance

Consolidated Edison, Inc. announced a net income of $791 million for the first quarter of 2025, translating to $2.26 per share, an increase from $720 million or $2.08 per share in the same quarter of 2024. Adjusted earnings for the quarter also rose to $792 million, or $2.26 per share, compared to $742 million, or $2.15 per share, in the prior year. The company attributed its financial results to robust infrastructure investments and ongoing operational strategies aimed at maintaining reliability and supporting the transition to clean energy.

Additionally, Con Edison issued over $1.3 billion in new common equity during the quarter, fulfilling its anticipated equity needs for 2025. The company reaffirmed its adjusted earnings per share forecast for the year, projecting a range of $5.50 to $5.70 per share. The earnings report reflects the company's focus on capital investments, with plans for nearly $72 billion over the next decade to enhance grid security and meet rising energy demands.

May 01, 2025 16:41:57

Con Edison Reports Decrease in Net Income for 2024

Consolidated Edison, Inc. reported a net income of $1,820 million for 2024, a decline from $2,519 million in 2023. The earnings per share also decreased from $7.25 to $5.26. However, adjusted earnings rose to $1,868 million or $5.40 per share, up from $1,762 million or $5.07 per share in the previous year, indicating improved performance when excluding certain impacts from the sale of its Clean Energy Businesses. The company noted significant capital investments planned for future growth, aiming to enhance grid infrastructure and support clean energy technologies.

On a quarterly basis, the fourth quarter of 2024 saw a drop in net income to $310 million, down from $335 million in the same period of 2023, with earnings per share falling from $0.97 to $0.90. Adjusted earnings also decreased slightly from $1.00 to $0.98 per share. The company faced challenges such as increased interest expenses and regulatory costs, which impacted overall profitability. Despite these setbacks, Con Edison expressed optimism about future demand for electrification and ongoing investments to meet customer needs.

Feb 20, 2025 16:50:24

Con Edison Reports $588 Million Net Income in Q3 2024

Consolidated Edison, Inc. reported a net income of $588 million for the third quarter of 2024, which is an increase from $526 million in the same period last year. Earnings per share also rose to $1.70 compared to $1.53 in the previous year. Adjusted earnings for the quarter reached $583 million, up from $561 million in 2023. The company highlighted its investments in clean energy infrastructure and energy-efficient solutions, which contributed to maintaining reliable service during high demand periods. Additionally, Con Edison revised its adjusted earnings per share guidance for 2024 to a higher range, indicating a positive outlook for the remainder of the year.

On the downside, Con Edison reported a significant decline in net income for the first nine months of 2024, totaling $1.51 billion compared to $2.19 billion during the same timeframe in 2023. This drop in net income reflects challenges faced by the company, including higher expenses and impacts from the sale of its Clean Energy Businesses. The report also mentioned increased interest expenses and operational costs, which could affect future earnings. Despite the positive results for the third quarter, the overall decline in year-to-date income raises concerns about the company's financial performance moving forward.

Nov 07, 2024 16:45:35

Conditional Redemption Notice for Energy Bonds Issued

The New York State Energy Research and Development Authority has announced a conditional redemption for various subseries of revenue bonds. Each subseries will be redeemable at their full principal amount plus any accrued interest, contingent upon the receipt of necessary funds by the paying agent. This provides bondholders with a clear opportunity to reclaim their investments, ensuring a straightforward process for those interested in redeeming their bonds.

However, the redemption is dependent on the timely receipt of funds, meaning it may not proceed if the conditions are not met. Additionally, bondholders must be aware of potential tax implications, such as backup withholding for U.S. holders who do not provide the required taxpayer identification information. Overall, while the announcement offers a chance for redemption, it also includes stipulations that bondholders must navigate carefully.

Oct 25, 2024 16:05:56

Con Edison Reports Mixed Earnings for Second Quarter 2024

Consolidated Edison reported a decline in second quarter earnings, with net income of $202 million, down from $226 million in 2023. However, adjusted earnings increased slightly to $203 million. The company highlighted its reliable electric service and commitment to clean energy and community investment. Despite challenges, it maintained its positive outlook for 2024, reaffirming its earnings guidance. The report reflects a strong focus on infrastructure development and energy equity, positioning the company for future growth.

Aug 01, 2024 16:40:03

Con Edison CFO Succession Plan Announcement

Con Edison's CFO, Robert Hoglund, plans to retire in 2024, with Kirkland Andrews set to succeed him. Andrews, with extensive finance experience, will bring stability to the company as it aims for growth in clean energy. Con Edison's CEO praised Hoglund's contributions, highlighting the company's recent dividend increase streak. Andrews' appointment is seen as a valuable asset for the company's future plans, as it continues to provide energy-related services in various regions.

Jun 10, 2024 07:30:39