Consolidated Edison Inc.
Con Edison Reports 2025 First Quarter Earnings Beat
Summary
Consolidated Edison, Inc. (Con Edison) reported a net income for common stock of $791 million or $2.26 a share for the first quarter of 2025, compared to $720 million or $2.08 a share in the same period of 2024. Adjusted earnings were $792 million or $2.26 a share, up from $742 million or $2.15 a share in 2024. The company attributed the increase to higher revenues from base rate increases and lower operations and maintenance expenses. Con Edison also issued over $1.3 billion in new common equity during the quarter, which satisfies anticipated equity needs for 2025.
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