Con Edison to Report 2nd Quarter 2021 Earnings on August 5

Rhea-AI Summary

Consolidated Edison, Inc. (NYSE: ED) announced plans to report its 2nd Quarter 2021 earnings on August 5, 2021, after market closure. With approximately $12 billion in annual revenues and $62 billion in assets, Con Edison stands as one of the largest investor-owned energy-delivery companies in the U.S. The company provides diverse energy products and services through its subsidiaries, including regulated utilities and significant renewable energy initiatives.

Positive

• Strong revenue base with $12 billion in annual revenue.
• Assets totaling $62 billion indicate financial stability.
• Presence in renewable energy making Con Edison a leader in sustainable energy solutions.

Negative

• None.

NEW YORK, July 26, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2^nd Quarter 2021 earnings on August 5, 2021 after the market closes.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $62 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 solar developer in the United States and the seventh-largest worldwide, 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 Q2 2021 earnings?

Consolidated Edison will report its Q2 2021 earnings on August 5, 2021, after market close.

What is the revenue of Consolidated Edison?

Consolidated Edison has approximately $12 billion in annual revenues.

What is the asset value of Consolidated Edison?

Consolidated Edison has assets totaling around $62 billion.

What significant roles do Con Edison's subsidiaries play?

Con Edison's subsidiaries include regulated utilities and a leading solar developer, contributing to energy delivery and renewable infrastructure.