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. (Con Edison) (NYSE: ED) generates a steady flow of news as one of the nation’s largest investor-owned energy-delivery companies. Through its subsidiaries Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc., the company provides electric, gas and steam service in and around New York City and parts of New Jersey, and invests in electric and gas transmission assets.
News about ED commonly centers on quarterly earnings releases, where Con Edison reports net income and adjusted earnings, explains major drivers of performance at CECONY, O&R and Con Edison Transmission, and reconciles GAAP results to non‑GAAP measures. These updates often discuss rate base changes, regulatory developments, capital spending and the impact of items such as the sale of the former Clean Energy Businesses and the company’s equity interest in Mountain Valley Pipeline, LLC.
Investors also see frequent announcements on common stock dividends, including declared per‑share amounts and payment schedules, as well as notices about upcoming earnings release dates and investor presentations. Company leadership uses these events to outline strategy, highlight investments in grid reliability and resilience, and describe how the utilities support New York State’s clean energy goals while serving growing electrification in buildings and transportation.
Regulatory and financing developments appear in Con Edison’s news flow as well, including information later detailed in Form 8‑K filings, such as new debenture issuances, bank credit agreements and multi‑year rate proposals for CECONY’s electric and gas businesses. This news page allows readers to follow ED’s financial performance, regulatory milestones, capital plans and governance updates in one place.
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Consolidated Edison, Inc. (NYSE:ED) is set to release its 1st Quarter 2023 earnings on May 4, 2023, after the market closes. The company, a leading energy-delivery provider in the U.S., reported approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022. Con Edison serves a wide array of customers through its subsidiaries, including Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc., providing utility services across New York City and parts of New Jersey. The upcoming earnings report is anticipated to provide insights into the company’s financial performance and future outlook.
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Consolidated Edison, Inc. (NYSE: ED) announced a quarterly dividend of 81 cents per share, payable on June 15, 2023, to stockholders of record by May 17, 2023.
With approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022, Con Edison is one of the country's largest investor-owned energy delivery companies.
The company, through its subsidiaries, provides electric service in New York City, natural gas service in areas including Manhattan and The Bronx, and steam service in Manhattan. Con Edison also focuses on developing clean, renewable electricity solutions in the Northeast and Midwest regions.
On March 23, 2023, Princeton Identity announced the deployment of its Iris-on-the-Move biometric identity solution by Consolidated Edison Inc (ED). This technology meets the Federal Energy Regulatory Commission's Critical Infrastructure Protection Standards, enhancing security without physical contact. The Iris-on-the-Move system integrates compact Access 200 readers with user-friendly IDS software, allowing for quick user enrollment. Facility Security Officer Scott Gross emphasized the convenience and rigorous security compliance of this touchless technology, which addresses high-security requirements in the utility sector.
On March 17, 2023, Consolidated Edison, Inc. (NYSE: ED) announced that Chairman & CEO Tim Cawley will engage with investors in Europe from March 20-24, 2023. During these meetings, the company plans to discuss its recent Q4 and FY 2022 financial results and outline its business strategy focused on a clean energy future. Con Edison is one of the largest investor-owned energy-delivery companies in the U.S., with approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022. More information can be found in the investor presentation available on their website.
Consolidated Edison (NYSE: ED) has announced a $1 billion accelerated share repurchase agreement to buy back its common shares. The funding will come from proceeds from the sale of Con Edison Clean Energy Businesses, Inc. Con Edison will make a payment of $1 billion to dealers on March 7, 2023, receiving approximately 8.7 million shares in return. The final number of shares purchased will depend on the volume-weighted average share price during the transaction's term, minus a discount. The settlement is expected by the third quarter of 2023.