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 (NYSE: ED), a cornerstone of New York's energy infrastructure, provides essential electricity, gas, and steam services to millions. This page aggregates all official company announcements and third-party analyses for investors tracking this regulated utility leader.
Access real-time updates on earnings reports, regulatory rate cases, and infrastructure modernization initiatives. Stay informed about Con Edison's grid resilience projects, sustainability programs, and operational milestones through verified press releases and curated industry coverage.
Key content includes quarterly financial disclosures, FERC/PSC regulatory filings, storm response updates, and clean energy partnerships. Bookmark this page for streamlined monitoring of ED's strategic developments within the evolving utility landscape.
Consolidated Edison reported a strong Q2 2022, with net income for common stock rising to $255 million or $0.72 per share, up from $165 million or $0.48 per share a year earlier. Adjusted earnings also increased to $228 million or $0.64 per share compared to $182 million or $0.53 per share in Q2 2021. For the first half of 2022, net income rose to $857 million or $2.42 per share. The company reaffirmed its 2022 adjusted earnings guidance at $4.40 to $4.60 per share, excluding certain accounting impacts related to renewable energy projects.
Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 79 cents per share on its common stock, scheduled for payment on September 15, 2022. Shareholders on record as of August 17, 2022 will receive this dividend. The company, one of the largest investor-owned energy-delivery firms in the U.S., reported approximately $14 billion in annual revenues and $64 billion in assets, offering a diverse range of energy-related services through its various subsidiaries.
Consolidated Edison, Inc. (NYSE:ED) will announce its 2nd quarter 2022 earnings on August 4, 2022, post-market. The company, a major player in energy delivery, reports approximately $14 billion in annual revenues and holds $64 billion in assets. Con Edison, through its subsidiaries, offers various energy products and operates significant renewable energy projects across North America, including electric and gas services primarily in New York City and surrounding areas.
Consolidated Edison (ED) reported a strong financial performance for Q1 2022, achieving a net income of $602 million or $1.70 per share, an increase from $419 million or $1.23 per share in Q1 2021. Adjusted earnings also rose to $522 million or $1.47 per share, compared to $491 million or $1.44 per share previously. The company reaffirmed its guidance for adjusted EPS in 2022 to be between $4.40 and $4.60. Additionally, notable projects include surpassing 400 megawatts of solar capacity and ongoing investments in renewable energy initiatives.
Consolidated Edison, Inc. (NYSE: ED) has announced a quarterly dividend of 79 cents per share on its common stock. This dividend will be paid on June 15, 2022, to shareholders on record as of May 18, 2022. The company, which has approximately $14 billion in annual revenues and $63 billion in assets, operates through subsidiaries providing a variety of energy-related services in New York City and surrounding areas. It also invests in clean energy projects, focusing on renewable energy transition.
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.
