Welcome to our dedicated page for CONSOLIDATED EDISON SEC filings (Ticker: ED), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Consolidated Edison, Inc. filings document the reporting obligations of a NYSE-listed energy holding company and its regulated utility subsidiaries, including Consolidated Edison Company of New York and Orange and Rockland Utilities. Annual and quarterly reports, earnings-related Form 8-K filings and exhibit presentations cover operating results, utility capital requirements, subsidiary funding and registered common shares.
Material-event filings record equity distribution programs, forward sale agreements, credit facilities and other financing arrangements involving Con Edison, CECONY and O&R. Proxy materials disclose board matters, executive compensation, shareholder voting items and governance practices for the public holding company.
CONSOLIDATED EDISON INC executive Stuart Nachmias, President & CEO CET, reported multiple equity compensation transactions dated February 18, 2026. He received a grant of 3,300 Performance Units under the company’s Long Term Incentive Plan that are scheduled to vest in 2029 based on performance criteria, and 1,400 time-based restricted stock units scheduled to vest in full on December 31, 2028.
Previously granted 2023 Performance Units vested with the final number adjusted to performance; the filing notes the reporting person elected to receive their value in cash, with each unit economically equivalent to one share of common stock. On the same date, 2,006 Performance Units were converted into 2,006 shares of common stock, and those 2,006 shares were then disposed of to the issuer at $113.92 per share. After these transactions, Nachmias directly owned 9,741.819 shares of common stock.
CONSOLIDATED EDISON INC vice president and controller Joseph Miller reported equity compensation activity tied to the company’s long-term incentive plans. He exercised 841 Performance Units into 841 shares of common stock at $113.92 per share and now holds 5,173.227 common shares directly.
Performance Units granted in 2023 under the Long Term Incentive Plan vested based on performance criteria, with each unit economically equivalent to one common share. Miller also received a new grant of 1,500 Performance Units scheduled to vest in 2029, and 600 time-based restricted stock units scheduled to vest on December 31, 2028.
The filing notes indirect ownership of 127.122 common shares through the TRASOP plan as of a thrift plan statement dated January 31, 2026, and that 15.046 shares were acquired under the company’s Stock Purchase Plan since his last filing.
CONSOLIDATED EDISON INC executive Matthew Ketschke, President of CECONY, reported multiple equity transactions. On February 18, 2026, he exercised 8,217 Performance Units into common stock and then disposed of the same 8,217 shares to the issuer at $113.92 per share, leaving 42,424.919 common shares held directly.
He also received a grant of 18,800 Performance Units under the Long Term Incentive Plan, scheduled to vest in 2029 based on performance criteria, and 8,000 time-based restricted stock units scheduled to vest on December 31, 2028. The filing notes an additional 1,100.646 common shares held indirectly by his spouse.
Consolidated Edison SVP Jennifer Hensley reported a mix of equity award activity and share dispositions. She acquired 8,100 Performance Units that were originally granted in 2023 under the Long Term Incentive Plan, with the final number tied to achievement of performance criteria.
She also received a new grant of 3,400 time-based restricted stock units, scheduled to vest in full on December 31, 2028, each convertible into one share of common stock. In common stock, she acquired 2,782 shares through a derivative exercise, then disposed of 2,087 shares back to the company and 264 shares to cover taxes at a price of $113.92 per share, ending with 2,259.001 shares held directly.
Consolidated Edison Inc. SVP and General Counsel Deneen L. Donnley reported multiple equity-related transactions. On February 18, 2026, she received 4,500 time-based restricted stock units with no purchase price, which are scheduled to vest in full on December 31, 2028 under the company's long-term incentive plan.
She also exercised 6,405 Performance Units, each economically equivalent to one share of common stock, and simultaneously disposed of 6,405 common shares to the issuer at $113.92 per share. According to the footnotes, these Performance Units, originally granted in 2023, vested and the reporting person elected to receive their value in cash.
In addition, she was granted 10,600 new Performance Units under the long-term incentive plan, scheduled to vest in 2029 upon determination of performance criteria. Each unit represents the economic value of one share of common stock, with the final amount of shares or cash equivalents dependent on achieving those performance targets.
Consolidated Edison Inc. Chairman, President & CEO Timothy Cawley reported several equity compensation moves. He exercised 33,773 Performance Units into the same number of common shares, then disposed of 33,773 shares back to the company at $113.92 per share. He also received grants of 69,000 Performance Units that are scheduled to vest in 2029 based on performance criteria, and 29,600 time-based restricted stock units scheduled to vest on December 31, 2028. Following these transactions, he directly held 126,708.749 common shares, plus a small indirect balance through the company’s Thrift Plan.
CONSOLIDATED EDISON INC reported that SVP & CFO Kirkland B. Andrews acquired new stock-based awards under the company’s Long Term Incentive Plan. He received 12,900 Performance Units and 5,500 time-based restricted stock units at a stated price of $0.00 per unit.
The Performance Units are scheduled to vest in 2029 once the Management Development and Compensation Committee determines whether performance criteria are met, and each unit is economically equivalent to one share of common stock. The time-based restricted stock units are scheduled to vest in full on December 31, 2028, with each unit representing a contingent right to receive one share of common stock.
CONSOLIDATED EDISON INC senior vice president and chief information officer Kamran Ziaee reported awards of long-term equity incentives. On February 18, 2026, he acquired 7,800 Performance Units and 3,400 time-based restricted stock units under the company’s Long Term Incentive Plan at no cash cost.
The Performance Units are scheduled to vest in 2029, with the final payout in shares or cash tied to achievement of performance criteria set by the board’s Management Development and Compensation Committee. The time-based restricted stock units are scheduled to vest in full on December 31, 2028, each representing a contingent right to one share of common stock.
Consolidated Edison, Inc. reported 2025 net income for common stock of $2,023 million, or $5.66 per share, up from $1,820 million, or $5.26 per share in 2024. Adjusted (non-GAAP) earnings rose to $2,038 million, or $5.70 per share, from $1,868 million, or $5.40 per share.
The Utilities invested $4,946 million in 2025 to upgrade electric, gas and steam infrastructure, with Con Edison Transmission investing $50 million. From 2026–2030, the Utilities plan capital spending rising from about $6.5 billion to over $8.5 billion annually, mainly for energy delivery systems and transmission projects.
To fund these plans, Con Edison expects significant long-term debt and equity issuance, including up to $3,200 million of long-term debt in 2026, $3,000 million in 2027, and approximately $9,900 million from 2028–2030, plus common equity of about $1,100 million in 2026, $1,200 million in 2027 and roughly $3,300 million over 2028–2030.
New multi‑year electric and gas rate plans approved for CECONY provide staged base rate increases with bill impacts capped around 2.80% annually for electric and 2.01% for gas from 2026–2028. The company also highlights an NYISO‑identified New York City reliability need from 2026 onward and ongoing regulatory audits of income tax accounting, while continuing to shift away from non‑core gas pipeline investments, including an agreed sale of its remaining Mountain Valley Pipeline interest for total consideration of $357.5 million.
Consolidated Edison, Inc. reported higher 2025 results, with net income for common stock of $2,023 million, or $5.66 per share, up from $1,820 million, or $5.26, in 2024. Adjusted earnings (non‑GAAP) rose to $2,038 million, or $5.70 per share, from $1,868 million, or $5.40.
Fourth‑quarter 2025 was softer, with net income of $297 million, or $0.82 per share, versus $310 million, or $0.90, a year earlier; adjusted EPS was $0.89 versus $0.98. Management highlighted non‑GAAP results excluding items such as an impairment on the Honeoye investment, Mountain Valley Pipeline–related items and a solar project sale gain.
For 2026, Con Edison guides adjusted EPS to $6.00–$6.20 and targets a five‑year adjusted EPS compound annual growth rate of 6%–7% based on the midpoint of 2026 guidance. The company plans significant capital investments of $6,595 million in 2026, $6,759 million in 2027 and $24,339 million from 2028 through 2030, funded by internally generated cash, long‑term debt and common equity issuance.
Con Edison also emphasized its dividend profile, citing its 52nd consecutive year of dividend increases and a 2026 annualized dividend of $3.55 per share, a 4.4% increase, with a stated payout target of 55%–65% of adjusted earnings.