Consolidated Edison Inc
ED
ISIN null / Valor 833034
Consolidated Edison Inc
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About company
Consolidated Edison Inc's principal business segments include Consolidated Edison Company of New York, which is a regulated electric, gas, and steam utility, Orange & Rockland Utilities (O&R), a regulated electric and gas utility, and Con Edison Transmission, Inc. Con Edison of New York serves approximately 3.6 million electric customers and 1.1 million gas customers in New York City and Westchester County, in addition to providing steam service in parts of Manhattan.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (27.10.2025):
Consolidated Edison Inc. reported robust financial performance for the year 2023, demonstrating significant growth in net income and earnings per share compared to 2022. The fourth quarter of 2023 also reflected strong results, underpinned by strategic investments and effective debt management.
Annual Net Income Growth
For the year 2023, Consolidated Edison Inc. achieved a net income of $2.519 billion or $7.25 per share, up from $1.660 billion or $4.68 per share in 2022. Adjusted earnings were $1.762 billion or $5.07 per share, showing a healthy increase from $1.620 billion or $4.57 per share the previous year.
Fourth Quarter Performance
In the fourth quarter of 2023, the company reported a net income of $335 million or $0.97 per share, compared to $190 million or $0.53 per share in Q4 2022. Adjusted earnings for the quarter were $346 million or $1.00 per share, up from $288 million or $0.81 per share the year before.
Debt Management and Capital Investments
Consolidated Edison Inc. concluded 2023 with no long-term debt at the parent company, attributed to the strategic sale of its Clean Energy Businesses. The company plans substantial capital investments of $4.849 billion in 2024 and $5.243 billion in 2025, with an aggregate investment of $17.960 billion from 2026 through 2028.
Future Earnings Guidance
Looking ahead, Consolidated Edison Inc. expects its adjusted earnings per share for 2024 to range between $5.20 and $5.40. The company also forecasts a five-year compounded annual adjusted earnings per share growth rate of 5% to 7%, supported by strategic investments in clean energy and infrastructure.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
36436 M
Market cap (USD)
2,462,396
Daily traded volume (Shares)
89.47 / 88.45
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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