Welcome to our dedicated page for Consolidated Edison news (Ticker: ED), a resource for investors and traders seeking the latest updates and insights on Consolidated Edison stock.
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.
Consolidated Edison (NYSE: ED) reported a net income of $375 million, or $1.13 per share, for Q1 2020, down from $424 million or $1.31 per share in Q1 2019. Adjusted earnings rose slightly to $451 million, or $1.35 per share, compared to $448 million, or $1.39 per share, in the previous year. The revised full-year guidance for adjusted EPS is now $4.15 to $4.35, reduced from $4.30 to $4.50, largely due to warmer winter weather and the COVID-19 pandemic's effects. The company is committed to maintaining service reliability during these challenging times.