Con Edison to Report 2022 Earnings on February 16

Rhea-AI Summary

Consolidated Edison, Inc. (NYSE: ED) is set to report its 2022 earnings on February 16, 2023, after market closure. This company, one of the largest investor-owned energy delivery firms in the U.S., boasts approximately $14 billion in annual revenues and $66 billion in assets. Through its subsidiaries, including Con Edison Company of New York, it provides a range of energy services across New York City, Westchester County, and parts of New Jersey. The press release outlines the company’s focus on transitioning to clean, renewable energy, particularly through its investment in electric transmission projects.

Positive

• Well-established company with $14 billion in annual revenues.
• Strategy for transitioning to clean, renewable energy.
• Diverse service offerings through multiple subsidiaries.

Negative

• None.

News Market Reaction

+0.43%

1 alert

+0.43% News Effect

On the day this news was published, ED gained 0.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2022 earnings on February 16, 2023 after the market closes.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $14 billion in annual revenues and $66 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. (CECONY), 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. (O&R), 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., which is held for sale; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company's effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, 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 2022 earnings?

Consolidated Edison will report its 2022 earnings on February 16, 2023.

What were Consolidated Edison's annual revenues?

Consolidated Edison reported approximately $14 billion in annual revenues.

What is Consolidated Edison's focus regarding energy transition?

Consolidated Edison is focusing on transitioning to clean, renewable energy through investment in electric transmission projects.

What are the assets of Consolidated Edison?

Consolidated Edison has approximately $66 billion in assets.