Consolidated Edison Inc.
Consolidated Edison Reports 2024 Third Quarter Earnings
Summary
Consolidated Edison, Inc. reported its 2024 third-quarter earnings on November 7, 2024, with net income for common stock at $588 million or $1.70 per share, compared to $526 million or $1.53 per share in the same period of 2023. Adjusted earnings were $583 million or $1.68 per share for the third quarter of 2024, up from $561 million or $1.62 per share in 2023. For the first nine months of 2024, net income was $1,510 million or $4.37 per share, and adjusted earnings were $1,528 million or $4.42 per share. The company has revised its 2024 adjusted EPS guidance to the upper half of its original range, now expecting $5.30 to $5.40 per share. This excludes certain items like the effects of HLBV accounting for tax equity investments and adjustments related to the sale of the Clean Energy Businesses.
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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
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