Con Edison to Report 2024 Earnings on February 20

Rhea-AI Summary

Con Edison (NYSE: ED) has announced it will release its 2024 earnings report on February 20, 2025 after market close. The company, one of the nation's largest investor-owned energy-delivery companies, reported $15 billion in annual revenues for 2023 and holds $69 billion in assets as of September 30, 2024.

The company operates through several subsidiaries: Consolidated Edison Company of New York (providing electric, gas, and steam services in NYC and Westchester), Orange and Rockland Utilities (serving southeastern NY State and northern NJ), and Con Edison Transmission (managing electric and gas assets while developing renewable electricity transmission projects in the Northeast).

Positive

• Strong asset base of $69 billion as of Q3 2024
• Substantial annual revenue of $15 billion in 2023
• Diversified energy services portfolio across multiple regions

Negative

• None.

News Market Reaction – ED

+1.55%

1 alert

+1.55% News Effect

On the day this news was published, ED gained 1.55%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2024 earnings on February 20, 2025 after the market closes.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues for year-end 2023 and $69 billion in assets as of September 30, 2024. 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; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and 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 and the Northeast.

 

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SOURCE Consolidated Edison, Inc.

FAQ

When will Con Edison (ED) release its 2024 earnings report?

Con Edison (ED) will release its 2024 earnings report on February 20, 2025, after the market closes.

What was Con Edison's (ED) revenue for 2023?

Con Edison reported annual revenues of approximately $15 billion for year-end 2023.

What is Con Edison's (ED) total asset value as of Q3 2024?

Con Edison reported total assets of $69 billion as of September 30, 2024.

What geographical areas does Con Edison (ED) serve through its subsidiaries?

Con Edison serves New York City and Westchester County through its main utility subsidiary, and southeastern New York State and northern New Jersey through Orange and Rockland Utilities.

What types of utility services does Con Edison (ED) provide?

Con Edison provides electric service, gas service, and steam service through its subsidiaries, along with electric and gas transmission services.