Consolidated Edison Inc.
Con Edison Reports 2023 Earnings and Provides Outlook
Summary
Consolidated Edison, Inc. (Con Edison) reported 2023 net income for common stock of $2,519 million or $7.25 per share, compared to $1,660 million or $4.68 per share in 2022. Adjusted earnings (non-GAAP) were $1,762 million or $5.07 per share in 2023, up from $1,620 million or $4.57 per share in 2022. The company expects its adjusted earnings per share for 2024 to be in the range of $5.20 to $5.40 per share, with a forecasted five-year compounded annual adjusted earnings per share growth rate of 5% to 7%. Con Edison also disclosed its capital investment plans for 2024 through 2028.
Profitelligence Alerts
Get alerts for ED
Be first to know when Consolidated Edison Inc. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About Consolidated Edison Inc.
Consolidated Edison Inc. is a prominent utility company responsible for the delivery of energy services in the northeastern United States. Its primary function is the transmission of electricity and natural gas, as well as steam service, primarily serving the densely populated New York metropolitan area. Notably, it operates through its principal subsidiaries such as Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc., ensuring reliable energy provisions to millions of residents and businesses. The company is a key player in the energy sector, influencing regional economic activities and supporting essential services through its infrastructure. Consolidated Edison also focuses on advancements in renewable energy initiatives, playing an integral part in regional efforts to transition to sustainable energy solutions. Its prominence in delivering consistent energy supplies makes it a critical component in the market, directly impacting energy policy and regional economic stability.
Official SEC Documents
Advertisement