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.
Consolidated Edison (ED) reported net income of $613 million or $1.73 per share for Q3 2022, up from $538 million or $1.52 per share in Q3 2021. Adjusted earnings also rose to $579 million or $1.63 per share, compared to $499 million or $1.41 the previous year. Year-to-date, net income is $1,470 million, a 31% increase year-over-year. The company plans to sell its Clean Energy Businesses for $6,800 million, with intentions to repay $1,050 million of debt and potentially initiate a share repurchase program. Adjusted EPS guidance for 2022 has been slightly increased to $4.50-$4.60.
The Variety Boys & Girls Club of Queens hosted a mentoring session focused on green careers, featuring representatives from the New York Power Authority, Con Edison, and 174 Power Global. This initiative, part of an annual collaboration, aims to educate youth about electrified transportation and STEM opportunities. 174 Power Global donated $15,000 to support STEM programs. Notably, the East River Energy Storage Project, a significant 100MW initiative, will be developed by 174 Power Global. This project is expected to enhance local job opportunities in the green economy.
Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 79 cents per share on its common stock, payable on December 15, 2022, to shareholders of record by November 16, 2022.
As one of the largest investor-owned energy-delivery companies in the U.S., Con Edison boasts approximately $14 billion in annual revenues and $64 billion in assets. The company operates several subsidiaries providing a range of energy services across New York State, including regulated utilities and renewable energy projects.
Con Edison marks nearly a decade since Superstorm Sandy, highlighting significant investments in its energy systems to enhance resilience against climate change. Over the past ten years, improvements have prevented 1.1 million weather-related outages. The company has invested $1 billion in system fortifications and plans to invest $100 million more in Westchester County. Advanced weather response strategies include a fleet of new utility trucks and enhanced mutual aid contracts. Con Edison aims to strengthen infrastructure to withstand future climatic challenges.
Consolidated Edison, Inc. (NYSE:ED) announced plans to report its 3rd Quarter 2022 earnings on November 3, 2022, after market close. With approximately $14 billion in annual revenues and $64 billion in assets, Con Edison is one of the largest investor-owned energy delivery companies in the U.S. The company serves New York City and the surrounding regions, providing a range of energy services through its subsidiaries, including CECONY, O&R, and Con Edison Clean Energy Businesses.
Consolidated Edison (NYSE: ED) announced a $6.8 billion agreement to sell its Clean Energy Businesses to RWE Renewables Americas. The transaction, subject to regulatory approvals, is expected to close in the first half of 2023. In light of this deal, Con Edison will forgo its previously planned issuance of $850 million in common equity for 2022 and withdraw its equity guidance for 2023 and 2024. This strategic move aims to focus on core utility operations and bolster New York’s clean energy transition.
Consolidated Edison will host an Environmental, Social, and Governance presentation on November 29, 2022, from 9 a.m. to 10 a.m.. The event, led by Chairman and CEO Timothy Cawley, aims to discuss the company's path to a clean energy future. Initially scheduled for October, the presentation will provide insights into Con Edison's sustainability practices. The company, with annual revenues of approximately $14 billion and assets of $65 billion, is a leading energy-delivery provider in the U.S., serving various regions in New York.
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.