Welcome to our dedicated page for Consolidated Edison news (Ticker: ED), a resource for investors and traders seeking the latest updates and insights on Consolidated Edison stock.
Consolidated Edison, Inc. (Con Edison) (NYSE: ED) generates a steady flow of news as one of the nation’s largest investor-owned energy-delivery companies. Through its subsidiaries Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc., the company provides electric, gas and steam service in and around New York City and parts of New Jersey, and invests in electric and gas transmission assets.
News about ED commonly centers on quarterly earnings releases, where Con Edison reports net income and adjusted earnings, explains major drivers of performance at CECONY, O&R and Con Edison Transmission, and reconciles GAAP results to non‑GAAP measures. These updates often discuss rate base changes, regulatory developments, capital spending and the impact of items such as the sale of the former Clean Energy Businesses and the company’s equity interest in Mountain Valley Pipeline, LLC.
Investors also see frequent announcements on common stock dividends, including declared per‑share amounts and payment schedules, as well as notices about upcoming earnings release dates and investor presentations. Company leadership uses these events to outline strategy, highlight investments in grid reliability and resilience, and describe how the utilities support New York State’s clean energy goals while serving growing electrification in buildings and transportation.
Regulatory and financing developments appear in Con Edison’s news flow as well, including information later detailed in Form 8‑K filings, such as new debenture issuances, bank credit agreements and multi‑year rate proposals for CECONY’s electric and gas businesses. This news page allows readers to follow ED’s financial performance, regulatory milestones, capital plans and governance updates in one place.
S&P Global Market Intelligence has added the NATF standard for utilities to its KY3P® solution, enhancing third-party risk management. Con Edison is the first utility to adopt this solution, utilizing the NATF "Energy Sector Supply Chain Risk Questionnaire" for supplier risk assessments. This integration streamlines due diligence and improves efficiency in risk management. The NATF tool aims to ensure regulatory compliance and drive consistency across suppliers in the energy sector. Both S&P Global and NATF officials emphasize the importance of standardized risk assessments to enhance operational cost savings.
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.
Con Edison (ED) reported a 2021 net income of $1,346 million ($3.86/share), up from $1,101 million ($3.29/share) in 2020. Adjusted earnings rose to $1,528 million ($4.39/share) compared to $1,399 million ($4.18/share) in the prior year. The fourth quarter net income was $224 million ($0.63/share) against $43 million ($0.13/share) in Q4 2020. The company anticipates 2022 adjusted EPS between $4.40 to $4.60 and plans $4.6 billion in capital investments for the year, with an expectation of 5-7% growth in adjusted EPS over the next five years.
Con Edison has filed a proposal with the New York State Public Service Commission to adjust electric and gas rates in 2023, seeking an additional $1.2 billion for electric and $500 million for gas. The intent is to fund investments in clean energy and enhance infrastructure resilience amid increasing severe weather. Proposed customer bill increases are 11.2% for electric and 18.2% for gas. The plan emphasizes sustainability, aiming to cut 2.4 million metric tons of CO2 over three years and enhance services for low-income customers.
Consolidated Edison (NYSE: ED) announced a quarterly dividend of 79 cents per share on January 20, 2022, marking a 6 cent annual increase from the previous $3.10 annualized dividend. This dividend will be payable on March 15, 2022, to stockholders of record as of February 16, 2022. Con Edison’s latest increase reflects 48 consecutive years of dividend growth, the longest streak among S&P 500 utilities, demonstrating its commitment to returning value to investors during the clean energy transition.
Consolidated Edison, Inc. (NYSE:ED) plans to release its 2021 earnings report on February 17, 2022, after market close. The company, a leading energy delivery provider in the U.S., boasts approximately $12 billion in annual revenues and $63 billion in assets. Con Edison operates through subsidiaries that deliver electric, gas, and steam services primarily in New York City and surrounding areas, while also investing in renewable energy projects as one of the second largest solar electric producers in North America.
Consolidated Edison, Inc. (NYSE:ED) announced the election of Tim Cawley as chairman of the board on November 18, 2021. Cawley, who became president and CEO earlier this year after John McAvoy retired, will continue the company's leadership in energy delivery. With annual revenues of approximately $12 billion and assets totaling $63 billion, Con Edison operates multiple subsidiaries, including Consolidated Edison Company of New York and Con Edison Clean Energy Businesses, focusing on sustainable energy solutions.
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Consolidated Edison (ED) reported a third quarter 2021 net income of $538 million or $1.52 per share, a rise from $493 million or $1.47 per share in Q3 2020. Adjusted earnings for Q3 2021 were $499 million or $1.41 per share, slightly lower than $495 million or $1.48 per share in the previous year. For the first nine months of 2021, net income reached $1,122 million or $3.23 per share, increasing from $1,058 million or $3.17 per share in 2020. The results reflect the company's resilience amid adverse weather while managing operational costs.
Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 77.5 cents per share on its common stock, scheduled for payment on December 15, 2021. Stockholders of record as of November 17, 2021 will be eligible. Con Edison is a major energy-delivery company in the U.S., generating approximately $12 billion in annual revenues and managing $63 billion in assets. Their services include electric, gas, and steam provision in New York City and surrounding areas as well as renewable energy projects.