Con Edison to Report 3rd Quarter 2024 Earnings on November 7

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(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Con Edison (NYSE: ED) has announced it will release its 3rd Quarter 2024 earnings report on November 7, 2024, 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 $68 billion in assets as of June 30, 2024. Con Edison operates through several subsidiaries, providing electric, gas, and steam services across New York City, Westchester County, southeastern New York State, and northern New Jersey, while also managing transmission assets through Con Edison Transmission, Inc.

Positive

Strong asset base of $68 billion as of June 30, 2024
Substantial annual revenue of $15 billion in 2023
Diversified energy services portfolio across multiple regions

Negative

None.

10/23/2024 - 04:30 PM

NEW YORK, Oct. 23, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 3^rd Quarter 2024 earnings on November 7, 2024 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 $68 billion in assets as of June 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.