Consolidated Edison, Inc. reports developments for a regulated energy holding company whose subsidiaries provide electric, gas and steam service in New York City, Westchester County, southeastern New York and northern New Jersey. Its operating companies include Consolidated Edison Company of New York, Orange and Rockland Utilities and Con Edison Transmission, which develops and invests in electric transmission projects and joint-venture energy assets.
Company news commonly covers quarterly and annual earnings, common stock dividends, investor presentations, equity offerings, credit and financing activity, and capital funding for utility subsidiaries. Updates also address regulated utility operations and transmission investment under state and federal oversight.
Con Edison (NYSE: ED) reported third-quarter 2026 net income of $766 million, up from the same period a year earlier. Earnings per share rose to $2.07 from $1.91, while net income compared with $688 million. Adjusted earnings were $766 million, or $2.07 a share, versus $686 million, or $1.90.
For the first nine months, net income increased to $1,998 million from $1,726 million; earnings per share rose to $5.44 from $4.84. Adjusted earnings reached $1,864 million, or $5.08 a share, versus $1,718 million, or $4.82. The period included a $134 million after-tax gain on the Mountain Valley Pipeline interest sale.
Con Edison expects 2026 adjusted EPS of $6.05–$6.15, narrowing its previous $6.00–$6.20 range. It plans approximately $797 million in climate-resilience investment during 2026–2030. A new Steam business investment plan agreed with its regulator and other stakeholders awaits approval.
Con Edison (NYSE: ED) declared a quarterly common-stock dividend of 88.75 cents per share, payable on December 15, 2026. The dividend will be paid to stockholders of record as of November 18, 2026. Con Edison is a holding company providing energy-related products and services through its subsidiaries.
Con Edison (NYSE: ED) plans to report its third-quarter 2026 earnings on November 5, 2026, after the market closes.
Consolidated Edison (ED) reported that its Con Edison utility generated $24.8 billion in total economic output across New York State in 2025. An economic impact report developed with HR&A Advisors counted 39,700 supported jobs, including more than 14,000 company employees. The economic activity represented approximately 1 percent of the state's gross domestic product.
Con Edison spent $2 billion on contracts with New York State businesses, including approximately $1.2 billion in New York City and Westchester County. It invested approximately $720 million in clean energy and reliability programs benefiting customers in disadvantaged communities. Taxes and fees collected from customers totaled $4.9 billion statewide, including $3.6 billion in New York City. Within the city total, property taxes were $2.6 billion, up 26 percent since 2021.
Consolidated Edison (NYSE: ED) will webcast its Annual Investor Relations Update on October 6, 2026, with presentations from senior leadership. The webcast runs from 8:30 a.m. to 10 a.m. Eastern Time, followed by a question-and-answer session. A live webcast and replay will be available through the company's investor relations website.
Consolidated Edison (ED) will webcast an investor presentation on Tuesday, October 6, 2026, from 8:30 a.m. to 10 a.m. Eastern Time.
The corporate leadership team, led by Chairman, President and CEO Tim Cawley, will discuss strategy for delivering reliable, resilient and clean energy while managing customer costs. Topics include investments in building and transportation electrification, grid reliability and resilience, meeting evolving customer energy needs, and supporting long-term financial strength. The webcast will be followed by a question-and-answer session.
Con Edison (ED) and First Student completed the first phase of an electric school bus project for the New York City Department of Education, using First Student’s trenchless, modular First Charge™ infrastructure.
The charging system, which avoids traditional underground trenching, reduced infrastructure construction costs by 13% while supporting electric school buses now operating in Brooklyn and Queens. Con Edison and NYSERDA provided funding, including vouchers for six new buses and four retrofit buses. First Student plans to deploy 40 additional electric school buses in New York and uses advanced software to charge buses during off‑peak hours to lower energy costs and improve efficiency.
Con Edison (NYSE: ED) reported 2026 second quarter net income for common stock of $308 million or $0.83 per share, up from $246 million or $0.68 in 2025. Adjusted earnings were also $308 million or $0.83 per share versus $240 million or $0.67 a year earlier.
For the first six months of 2026, net income was $1,232 million or $3.37 per share, compared with $1,038 million or $2.93 in 2025, while adjusted earnings were $1,098 million or $3.00 per share versus $1,032 million or $2.91. According to Con Edison, key drivers included higher electric and gas rate base at CECONY and O&R, partially offset by share dilution and higher interest and tax expense. The company recorded an after-tax gain of $134 million ($0.37 per share) on the sale of its equity interest in Mountain Valley Pipeline and reaffirmed its 2026 adjusted EPS guidance of $6.00–$6.20.
Con Edison (NYSE: ED) declared a quarterly dividend of $0.8875 per share on its common stock. The dividend is payable on September 15, 2026 to shareholders of record as of August 19, 2026. Con Edison delivers energy-related services through CECONY, Orange and Rockland Utilities, and Con Edison Transmission.
Consolidated Edison (NYSE: ED) plans to report its 2nd Quarter 2026 earnings on August 6, 2026, after the market closes. The announcement outlines the company’s core structure as a holding company for several regulated energy businesses.
According to Con Edison, key subsidiaries include Consolidated Edison Company of New York, which provides electric service in New York City and Westchester County, gas service in Manhattan, the Bronx, parts of Queens and Westchester, and steam service in Manhattan. Orange and Rockland Utilities serves customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey. Con Edison Transmission, regulated primarily by the Federal Energy Regulatory Commission, develops and invests in electric transmission projects and holds interests in electric and gas assets.