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 (NYSE: ED) operates as one of the nation's largest investor-owned utilities, delivering electricity, natural gas, and steam to millions of customers across New York City and Westchester County. This news feed tracks developments that affect Con Edison's operations, regulatory proceedings, and investment outlook.
Utility company news follows predictable cycles tied to regulatory filings and financial reporting. Con Edison reports quarterly earnings that detail electric and gas delivery volumes, operating costs, and the impact of weather on energy demand. These reports provide visibility into the company's financial performance and capital investment programs.
Rate case proceedings before the New York State Public Service Commission generate significant news coverage, as these regulatory decisions determine the rates Con Edison can charge customers and the return the company earns on infrastructure investments. Proposed rate changes, intervenor testimony, and commission decisions all influence the company's revenue outlook.
New York's aggressive clean energy policies create ongoing news about Con Edison's role in grid modernization, renewable energy integration, and building electrification initiatives. Updates on infrastructure projects, storm response performance, and dividend declarations round out the company's news profile. Bookmark this page to follow developments affecting one of America's most prominent regulated utilities.
Consolidated Edison announced an upcoming Environmental, Social, and Governance presentation on October 7 from 11 a.m. to noon. CEO Timothy Cawley will lead the discussion focusing on the company's sustainable practices and initiatives aimed at a clean energy future. Con Edison, a major energy provider in the U.S. with approximately $14 billion in annual revenues and $65 billion in assets, serves customers in New York City and surrounding areas. More details, including a link to the event, will be provided prior to the presentation.
Consolidated Edison reported a strong Q2 2022, with net income for common stock rising to $255 million or $0.72 per share, up from $165 million or $0.48 per share a year earlier. Adjusted earnings also increased to $228 million or $0.64 per share compared to $182 million or $0.53 per share in Q2 2021. For the first half of 2022, net income rose to $857 million or $2.42 per share. The company reaffirmed its 2022 adjusted earnings guidance at $4.40 to $4.60 per share, excluding certain accounting impacts related to renewable energy projects.
Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 79 cents per share on its common stock, scheduled for payment on September 15, 2022. Shareholders on record as of August 17, 2022 will receive this dividend. The company, one of the largest investor-owned energy-delivery firms in the U.S., reported approximately $14 billion in annual revenues and $64 billion in assets, offering a diverse range of energy-related services through its various subsidiaries.
Consolidated Edison, Inc. (NYSE:ED) will announce its 2nd quarter 2022 earnings on August 4, 2022, post-market. The company, a major player in energy delivery, reports approximately $14 billion in annual revenues and holds $64 billion in assets. Con Edison, through its subsidiaries, offers various energy products and operates significant renewable energy projects across North America, including electric and gas services primarily in New York City and surrounding areas.
Consolidated Edison (ED) reported a strong financial performance for Q1 2022, achieving a net income of $602 million or $1.70 per share, an increase from $419 million or $1.23 per share in Q1 2021. Adjusted earnings also rose to $522 million or $1.47 per share, compared to $491 million or $1.44 per share previously. The company reaffirmed its guidance for adjusted EPS in 2022 to be between $4.40 and $4.60. Additionally, notable projects include surpassing 400 megawatts of solar capacity and ongoing investments in renewable energy initiatives.
Consolidated Edison, Inc. (NYSE: ED) has announced a quarterly dividend of 79 cents per share on its common stock. This dividend will be paid on June 15, 2022, to shareholders on record as of May 18, 2022. The company, which has approximately $14 billion in annual revenues and $63 billion in assets, operates through subsidiaries providing a variety of energy-related services in New York City and surrounding areas. It also invests in clean energy projects, focusing on renewable energy transition.
S&P Global Market Intelligence has added the NATF standard for utilities to its KY3P® solution, enhancing third-party risk management. Con Edison is the first utility to adopt this solution, utilizing the NATF "Energy Sector Supply Chain Risk Questionnaire" for supplier risk assessments. This integration streamlines due diligence and improves efficiency in risk management. The NATF tool aims to ensure regulatory compliance and drive consistency across suppliers in the energy sector. Both S&P Global and NATF officials emphasize the importance of standardized risk assessments to enhance operational cost savings.
Consolidated Edison, Inc. (NYSE:ED) is set to report its 1st Quarter 2022 earnings on May 5, 2022, after market closure. The company is a major player in the energy sector, boasting approximately $14 billion in annual revenues and $63 billion in assets. Con Edison operates through various subsidiaries, providing electric, gas, and steam services primarily in New York City and its surroundings. The company also focuses on renewable energy projects, being the second-largest owner of solar electric projects in North America.
Con Edison (ED) reported a 2021 net income of $1,346 million ($3.86/share), up from $1,101 million ($3.29/share) in 2020. Adjusted earnings rose to $1,528 million ($4.39/share) compared to $1,399 million ($4.18/share) in the prior year. The fourth quarter net income was $224 million ($0.63/share) against $43 million ($0.13/share) in Q4 2020. The company anticipates 2022 adjusted EPS between $4.40 to $4.60 and plans $4.6 billion in capital investments for the year, with an expectation of 5-7% growth in adjusted EPS over the next five years.
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