Inferra AI / Company / ED
Consolidated Edison
ED · Utilities
Last earnings Aug 6, 2026 · Next earnings Nov 5, 2026
Key results
Net incomequarter
$246 million
(Con Edison) (NYSE ED) today reported 2025 second quarter net income for common stock of $246 million or $0.68 a share compared with $202 million or $0.58 a share in the 2024 second quarter.
SEC original ↗Consolidated Edison — Earnings release (8-K exhibit)EX-99Aug 7, 2025
For the first six months of 2025, net income for common stock was $1,038 million or $2.93 a share compared with $922 million or $2.67 a share in the first six months of 2024.
SEC original ↗Consolidated Edison — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Revenuequarter
8.3%
11 Requesting approval of a $23.3 million revenue increase 8.3% total electric bill increase Rate Base growth $9 Depreciation expense 4 Operations & Maintenance 6 Return on equity 2 Other 1 Sales 1 Total Rate Increase $23 Customer Affordability CECONY electric customer bills are lower than our proxy peer average on both a total bill and share of wallet basis 12 Source: S&P Market Intelligence, EIA.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
AI analysis
Q2 2025 · reported Aug 7, 2025
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-K — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $246 million | — | — |
| Revenue | 8.3% | — | — |
Guidance · company-stated
Direction: Reiterated
“For the year of 2025, Con Edison reaffirmed its previous forecast of adjusted earnings per share (non-GAAP) to be in the range of $5.50 to $5.70 per share.”
“Our solid first half financial performance reflects continued effective execution of our rate plans and provides a strong foundation for our reaffirmed 2025 earnings guidance.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Management uses these non-GAAP financial measures to facilitate the analysis of Con Edison's financial performance as compared to its internal budgets and previous financial results and to communicate to investors and others Con Edison's expectations regarding its future earnings and dividends on its common stock.
NYSPSC docket number 22-M-0429 Strong Economic Performance 16 Dividend and Earnings Announcements On July 17, 2025, the company declared a quarterly dividend of 85 cents a share on its common stock.
Event summary
Adjusted earnings (non-GAAP) were $240 million or $0.67 a share in the 2025 period compared with $203 million or $0.59 a share in the 2024 period
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-K — transcript not held
Guidance & outlook
Direction: Reiterated
EPS: “For the year of 2025, Con Edison reaffirmed its previous forecast of adjusted earnings per share (non-GAAP) to be in the range of $5.50 to $5.70 per share.”
Company outlook — Reiterated (“reaffirmed”)
“Our solid first half financial performance reflects continued effective execution of our rate plans and provides a strong foundation for our reaffirmed 2025 earnings guidance.”
EPS — Reiterated (“reaffirmed”)
“For the year of 2025, Con Edison reaffirmed its previous forecast of adjusted earnings per share (non-GAAP) to be in the range of $5.50 to $5.70 per share.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Management uses these non-GAAP financial measures to facilitate the analysis of Con Edison's financial performance as compared to its internal budgets and previous financial results and to communicate to investors and others Con Edison's expectations regarding its future earnings and dividends on its common stock.
SEC original ↗Consolidated Edison — Earnings release (8-K exhibit)EX-99Aug 7, 2025
NYSPSC docket number 22-M-0429 Strong Economic Performance 16 Dividend and Earnings Announcements On July 17, 2025, the company declared a quarterly dividend of 85 cents a share on its common stock.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
Excludes common equity issued under Con Edison's dividend reinvestment, employee stock purchase and long-term incentive plans.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
Includes $500 million and $200 million borrowed under a 364-day Term Loan agreement in November 2024 and January 2025, respectively.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
In January, CECONY borrowed the remaining $200 million from a $700 million 364-day term loan facility due in November 2025.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
The total amount borrowed under the term loan is $700 million.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
Strategy & priorities
We continue to execute on our strategy with disciplined investments in our infrastructure to maintain our world-class reliability and strengthen grid resilience against extreme weather, said Tim Cawley, chairman and CEO of Con Edison.
SEC original ↗Consolidated Edison — Earnings release (8-K exhibit)EX-99Aug 7, 2025
During the second quarter we secured approval to invest $440 million in five key projects that advance building and transportation electrification, which demonstrates continued strong regulatory support for our strategy and the state's clean energy goals, said Kirk Andrews, senior vice president and CFO.
SEC original ↗Consolidated Edison — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Adjusted earnings per share excludes accretion of the basis difference of Con Edison's equity investment in MVP (a pproximat ely $(0.03) a s hare after-tax), HLBV accounting for tax equity investments, adjustments to the gain and other impacts related to the sale of all of the stock of the Clean Energy Businesses in 2023 and impacts resulting from the evaluation of strategic alternatives with respect to MVP and Honeoye Storage Corporation, the amounts of which, if any, will not be determinable until year-end.
SEC original ↗Consolidated Edison — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Disadvantaged Communities Report(e) In May 2025, CECONY filed with the NYSPSC its second annual Investing in Disadvantaged Communities Report, summarizing the CECONY's 2024 investments, program outcomes and impacts in Disadvantaged Communities across its service territory.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
Con Edison s forecast of adjusted earnings per share for the year 2025 excludes accretion of the basis difference of Con Edison's equity investment in MVP (approximately $(0.03) a share after-tax), HLBV accounting for tax equity investments, adjustments to the gain and other impacts related to the sale of all of the stock of the Clean Energy Businesses in 2023 and impacts resulting from the evaluation of strategic alternatives with respect to MVP and Honeoye Storage Corporation (Honeoye), the amounts of which, if any, will not be determinable until year-end.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
Risks & headwinds
The pilot, which Staff proposes to begin on December 1, 2025, would expand the existing Energy Affordability Program to low- and moderate-income customers experiencing affordability challenges who are not eligible for the current program.
SEC original ↗Consolidated Edison — Presentation / slide deck (8-K exhibit)EX-99Aug 7, 2025
16 CON EDISON ANNUAL REPORT 2025 Rate Plans Investor-owned utilities in the United States provide delivery service to customers according to the terms of tariffs approved by the appropriate state utility regulator.
SEC original ↗Consolidated Edison — 10-K Annual report10-KFeb 19, 2026
The tariffs include schedules of rates for service that limit the rates charged by the utilities to amounts that the utilities recover from their customers for costs approved by the regulator, including capital costs, of providing service to customers as defined by the tariff.
SEC original ↗Consolidated Edison — 10-K Annual report10-KFeb 19, 2026
The tariffs implement rate plans adopted by state utility regulators in rate orders issued at the conclusion of rate proceedings.
SEC original ↗Consolidated Edison — 10-K Annual report10-KFeb 19, 2026
Liability for Service Interruptions The tariff provisions under which CECONY provides electric, gas and steam service, and O&R provides electric and gas service, limit each company s liability to pay for damages resulting from service interruptions due to circumstances resulting from its gross negligence or willful misconduct.
SEC original ↗Consolidated Edison — 10-K Annual report10-KFeb 19, 2026
Under RECO's tariff provisions for electric service, the company is not liable for interruptions that are due to causes beyond its control.
SEC original ↗Consolidated Edison — 10-K Annual report10-KFeb 19, 2026
Earnings deck slides
0 decks with slide viewConsolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Consolidated Edison — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
60 documents- Q2 2026
- 8-KED
Sep 4, 2026
- 10-QED
Aug 6, 2026
- 8-KED
Aug 6, 2026
- 8-KED
Jul 2, 2026
- Q1 2026
- 8-KED
Jun 3, 2026
- 8-KED
May 20, 2026
- 8-KED
May 8, 2026
- 8-KED
May 7, 2026
- 10-QED
May 7, 2026
- Q4 2025
- 8-KED
Mar 11, 2026
- 8-KED
Feb 25, 2026
- 10-KED
Feb 19, 2026
- 8-KED
Feb 19, 2026
- Q3 2025
- 8-KED
Nov 24, 2025
- 8-KED
Nov 24, 2025
- 8-KED
Nov 19, 2025
- 8-KED
Nov 6, 2025
- 10-QED
Nov 6, 2025
- 8-KED
Nov 5, 2025
- Q2 2025
- 8-KED
Aug 7, 2025
- 10-QED
Aug 7, 2025
- 8-KED
Aug 6, 2025
- Q1 2025
- 8-KED
May 21, 2025
- 10-QED
May 1, 2025
- 8-KED
May 1, 2025
- Q4 2024
- 8-KED
Mar 24, 2025
- 8-KED
Mar 6, 2025
- 8-KED
Feb 20, 2025
- 10-KED
Feb 20, 2025
- Q3 2024
- 8-KED
Dec 5, 2024
- 8-KED
Nov 25, 2024
- 8-KED
Nov 18, 2024
- 8-KED
Nov 8, 2024
- 10-QED
Nov 7, 2024
- 8-KED
Nov 7, 2024
- 8-KED
Oct 25, 2024
- Q2 2024
- 8-KED
Aug 1, 2024
- 10-QED
Aug 1, 2024
- Q1 2024
- 8-KED
Jun 10, 2024
- 8-KED
May 21, 2024
- 8-KED
May 17, 2024
- 8-KED
May 9, 2024
- 10-QED
May 2, 2024
- 8-KED
May 2, 2024
- Q4 2023
- 8-KED
Mar 28, 2024
- 10-KED
Feb 15, 2024
- 8-KED
Feb 15, 2024
- 8-KED
Feb 15, 2024
- Q3 2023
- 8-KED
Nov 22, 2023
- 8-KED
Nov 16, 2023
- 10-QED
Nov 2, 2023
- 8-KED
Nov 2, 2023
- 8-KED
Oct 19, 2023
- Q2 2023
- 8-KED
Sep 1, 2023
- 10-QED
Aug 3, 2023
- 8-KED
Aug 3, 2023
- Q1 2023
- 8-KED
May 17, 2023
- 8-KED
May 4, 2023
- 10-QED
May 4, 2023
- Q4 2022
- 8-KED
Mar 27, 2023
Earnings releases
17 documentsPresentations
12 documents
Transcripts
0 documentsNo transcripts for Consolidated Edison are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.