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.
On August 19 at 9 a.m. ET, Consolidated Edison will host an Environmental, Social, and Governance presentation, featuring senior leadership including CEO Timothy Cawley and CFO Robert Hoglund. The event includes a Q&A session and will be webcast live. Consolidated Edison, one of the largest energy companies in the U.S., generates approximately $12 billion in annual revenue and manages assets worth $63 billion. The webcast will also be accessible on the Con Edison Investor Relations website.
Consolidated Edison (ED) reported Q2 2021 net income of $165 million, or $0.48 per share, down from $190 million, or $0.57 per share in Q2 2020. Adjusted earnings were $182 million ($0.53/share) versus $201 million ($0.60/share) last year. For H1 2021, net income rose to $584 million ($1.70/share) compared to $565 million ($1.69/share) in H1 2020, while adjusted earnings were $673 million ($1.95/share), slightly up from $652 million ($1.95/share). The company reaffirmed its 2021 adjusted EPS guidance of $4.15 to $4.35.
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.
Consolidated Edison, Inc. (ED) announced a quarterly dividend of 77.5 cents per share on its common stock. This dividend will be payable on September 15, 2021, to shareholders on record as of August 18, 2021. Con Edison reported annual revenues of approximately $12 billion and total assets of $62 billion, highlighting its position as one of the largest investor-owned energy-delivery companies in the U.S. The company operates various regulated utilities and is significantly involved in renewable energy projects.
Con Edison is partnering with Centrica Business Solutions to develop a clean energy innovation hub in Brooklyn, featuring a 5-megawatt battery energy storage system and 18 public electric vehicle chargers. Located at 223 Nevins St, this project will be New York City's first to combine these technologies. The battery, capable of powering around 5,000 apartments for four hours, will be operational by summer 2022 and remain until at least 2035. This initiative aims to enhance energy reliability, support the shift to electric vehicles, and promote environmental sustainability.
Consolidated Edison, Inc. (NYSE: ED) is set to issue 10,100,000 common shares through an offering led by Barclays. The shares are expected to be issued on June 18, 2021, pending customary conditions. Proceeds from the sale will fund construction expenditures and general corporate purposes in its regulated utility subsidiary. This offering is part of their effective shelf registration with the SEC. Detailed information, including the prospectus, will be accessible via the SEC's website and Barclays.
Con Edison has invested $1.5 billion in enhancing its electric-delivery system in New York City and Westchester County. This initiative supports the state's transition to clean energy, including adding energy storage and promoting electric vehicles. The company has installed numerous transformers and cables in preparation for summer demand, projecting a peak electricity demand of 12,880 megawatts. While residential electricity costs may rise by 6.5% in Westchester, New York City customers could see a 4.2% decrease. Con Edison is committed to sustainability through various incentives and tech advancements.
Crestwood Equity Partners LP (NYSE: CEQP) and Consolidated Edison, Inc. (NYSE: ED) announced the sale of Stagecoach Gas Services LLC to Kinder Morgan, Inc. (NYSE: KMI) for $1.225 billion. Proceeds will be split evenly, enhancing Crestwood's financial flexibility and targeting a leverage ratio of 3.50x to 3.75x by year-end 2021. This divestiture involves a significant portion of Stagecoach valued at $1.195 billion and includes vital gas storage and pipeline assets in New York and Pennsylvania, providing substantial throughput and storage capacity.
Consolidated Edison CEO Timothy Cawley will present at the Citi 2021 Global Energy & Utilities Virtual Conference on May 12, 2021, at 8:40 a.m. EDT. A live audio webcast will be available, along with a replay, on the company's investor relations website. Consolidated Edison is a major energy-delivery company with approximately $12 billion in annual revenues and $62 billion in assets, serving customers through various subsidiaries in New York and beyond.
Consolidated Edison, Inc. (NYSE: ED) reported a first-quarter net income of $419 million or $1.23 per share for 2021, compared to $375 million or $1.13 per share in 2020. Adjusted earnings rose to $491 million or $1.44 per share, up from $451 million or $1.35 per share in the previous year. The company reaffirmed its 2021 adjusted earnings per share forecast of $4.15 to $4.35, excluding certain impairments and accounting effects. CEO Timothy P. Cawley emphasized Con Edison's commitment to clean energy investments and reliable service.
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