CON EDISON TO REPORT 1ST QUARTER 2022 EARNINGS ON MAY 5

Rhea-AI Summary

Consolidated Edison, Inc. (NYSE:ED) is set to report its 1st Quarter 2022 earnings on May 5, 2022, after market closure. The company is a major player in the energy sector, boasting approximately $14 billion in annual revenues and $63 billion in assets. Con Edison operates through various subsidiaries, providing electric, gas, and steam services primarily in New York City and its surroundings. The company also focuses on renewable energy projects, being the second-largest owner of solar electric projects in North America.

Positive

• Plans to report Q1 2022 earnings, indicating ongoing financial activity and transparency.
• Strong revenue base with annual revenues of approximately $14 billion.
• Significant asset valuation at $63 billion, showcasing robust financial health.

Negative

• None.

NEW YORK, April 7, 2022 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 1^st Quarter 2022 earnings on May 5, 2022 after the market closes.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $14 billion in annual revenues and $63 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., the second-largest owners of solar electric projects in North America, which, through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company's effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.

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SOURCE Consolidated Edison, Inc.

FAQ

When will Consolidated Edison report its Q1 2022 earnings?

Consolidated Edison will report its Q1 2022 earnings on May 5, 2022, after the market closes.

What are the annual revenues of Consolidated Edison?

Consolidated Edison has approximately $14 billion in annual revenues.

What is the total asset value of Consolidated Edison?

Consolidated Edison has total assets valued at about $63 billion.

What services does Consolidated Edison provide?

Consolidated Edison provides electric, gas, and steam services, primarily in New York City and its vicinity.

Is Consolidated Edison involved in renewable energy?

Yes, Consolidated Edison is the second-largest owner of solar electric projects in North America.