Consolidated Edison Inc

ED

Equity

ISIN US2091151041 / Valor 833034

New York Stock Exchange, Inc (2024-12-26)

USD 89.59+0.01%

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: Energy

Net Income

In the first quarter of 2019, Consolidated Edison Inc. reported a net income for common stock of $424 million, or $1.31 per share. This represents a slight decrease compared to the $428 million, or $1.38 per share, reported in the same quarter of 2018.

Adjusted Earnings

Consolidated Edison Inc.'s adjusted earnings for the first quarter of 2019 were $448 million, or $1.39 per share. This is an increase from the adjusted earnings of $1.38 per share reported in the first quarter of 2018.

Dividend Declaration

For the first quarter of 2019, Consolidated Edison Inc. declared a quarterly dividend of 74 cents per share on its common stock. This dividend is payable on June 17, 2019, to stockholders of record as of May 15, 2019.

Revenue Performance

While specific revenue figures for the first quarter of 2019 were not detailed, the financial results indicate a stable performance in terms of earnings and dividends, suggesting consistent revenue streams for Consolidated Edison Inc. during this period.

Financial Outlook

Consolidated Edison Inc.'s financial outlook for the remainder of 2019 appears positive, with continued focus on maintaining stable earnings and dividends. The company's strategic initiatives and investments are expected to support its financial performance throughout the year.

Summarized from source with an LLMView Source

Key figures

-0.75%1Y

6.95%3Y

-0.07%5Y

Performance

17.0%1Y

19.0%3Y

24.8%5Y

Volatility