Con Edison to Report 1st Quarter 2021 Earnings on May 6

Rhea-AI Summary

Consolidated Edison, Inc. (NYSE: ED) plans to announce its 1st Quarter 2021 earnings on May 6, 2021, after market close. The firm reports annual revenues of approximately $12 billion and manages assets worth $63 billion. Con Edison operates through multiple subsidiaries, providing electric, gas, and steam services in New York City and surrounding areas. Additionally, it is a significant player in the solar energy sector, being the second-largest solar developer in the U.S. with a focus on renewable energy projects.

Positive

• Con Edison has a strong financial foundation with approximately $12 billion in annual revenues.
• The company manages substantial assets totaling $63 billion.
• Con Edison is the second-largest solar developer in the United States, enhancing its position in the renewable energy market.

Negative

• None.

NEW YORK, April 21, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 1st Quarter 2021 earnings on May 6, 2021 after the market closes.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $63 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., the second-largest solar developer in the United States and the seventh-largest worldwide, which, through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls under the oversight of the Federal Energy Regulatory Commission and invests in integral electric transmission projects supporting its parent company's effort to transition to clean, renewable energy. Con Edison Transmission manages both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states, and the Midwest. 

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SOURCE Consolidated Edison, Inc.

FAQ

When will Consolidated Edison report its Q1 2021 earnings?

Consolidated Edison plans to report its 1st Quarter 2021 earnings on May 6, 2021, after market close.

What is the annual revenue of Consolidated Edison?

Consolidated Edison reports approximately $12 billion in annual revenues.

How much in assets does Consolidated Edison manage?

Consolidated Edison manages assets worth around $63 billion.

What subsidiaries does Consolidated Edison operate?

Consolidated Edison operates through subsidiaries providing electric, gas, and steam services primarily in New York City and surrounding areas.

Is Consolidated Edison involved in renewable energy?

Yes, Consolidated Edison is the second-largest solar developer in the U.S., focusing on renewable energy projects.