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.
Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 83 cents per share on its common stock. The dividend is payable on September 16, 2024 to stockholders of record as of August 14, 2024. Con Edison is one of the largest investor-owned energy-delivery companies in the U.S., with annual revenues of approximately $15 billion and assets of $67 billion. The company provides energy-related products and services through its subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc. These subsidiaries serve various regions in New York State and northern New Jersey, offering electric, gas, and steam services.
Consolidated Edison (ED) is set to report its 2nd Quarter 2024 earnings on August 1, 2024, post-market. The company, a major investor-owned energy provider, boasts annual revenues of approximately $15 billion and assets totaling $67 billion. Con Edison operates through several subsidiaries: Consolidated Edison Company of New York, Orange and Rockland Utilities, and Con Edison Transmission. These subsidiaries serve various regions including New York City, Westchester County, southeastern New York State, and northern New Jersey, providing electric, gas, and steam services. Con Edison Transmission focuses on electric transmission projects aimed at delivering renewable energy to the Northeast.
Evergy (NASDAQ: EVRG) announced that CFO Kirk Andrews will leave the company to become CFO at Consolidated Edison (NYSE: ED). Andrews' departure is effective June 21, 2024. Geoffrey Ley, currently vice president, corporate planning, and treasurer, will serve as acting CFO while maintaining his current responsibilities. Ley joined Evergy in 2021 and has a strong background in financial leadership roles. Evergy's CEO, David Campbell, expressed confidence in Ley's capabilities. Evergy serves 1.7 million customers in Kansas and Missouri, focusing on delivering reliable, affordable, and sustainable energy.
Consolidated Edison (NYSE: ED) announced the retirement of Robert Hoglund as Chief Financial Officer, effective July 8, 2024. Hoglund will stay on as Senior Vice President for a transition period until his full retirement later in 2024. Kirkland B. Andrews will succeed Hoglund as Senior Vice President and CFO, also effective July 8, 2024. Andrews joins from Evergy (NASDAQ: EVRG) and has extensive experience in finance, including roles at NRG Energy, Deutsche Bank, and Citigroup. Con Edison credits Hoglund with contributing to strong results and a 50-year consecutive dividend increase. The company highlights its financial strength as a critical pillar for future growth, particularly in the clean energy sector.
Consolidated Edison announced that its executives will participate in various financial conferences during May and June 2024. The company, which is a major investor-owned energy-delivery firm, generates approximately $15 billion in annual revenue and holds $67 billion in assets. Con Edison operates through multiple subsidiaries: Consolidated Edison Company of New York, which provides electric, gas, and steam services; Orange and Rockland Utilities, serving southeastern New York and northern New Jersey; and Con Edison Transmission, which manages electric and gas assets and focuses on developing renewable energy projects in New York and the Northeast.
Consolidated Edison, Inc. reported a net income for common stock of $720 million in the first quarter of 2024, with adjusted earnings of $742 million. The company reaffirmed its forecast for adjusted earnings per share for 2024 to be in the range of $5.20 to $5.40.
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