Consolidated Edison (ED) Q2 2025

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Earnings

Consolidated Edison delivered a clean beat to open the second half of 2025, posting adjusted EPS of $0.67 against a consensus estimate of $0.66, a 1.45% positive surprise, while revenue of $3.60 billion topped expectations of $3.45 billion by 4.33% a… Read more Consolidated Edison delivered a clean beat to open the second half of 2025, posting adjusted EPS of $0.67 against a consensus estimate of $0.66, a 1.45% positive surprise, while revenue of $3.60 billion topped expectations of $3.45 billion by 4.33% and climbed 11.7% from the year-ago period. Net income for common stock rose to $246.00 million from $202.00 million a year earlier, with the improvement driven largely by CECONY's regulated electric business, which benefited from a higher rate base and the favorable lapping of a May 2024 state regulatory order that had previously denied capitalization of customer billing system costs, a swing worth roughly $37.00 million. The quarter unfolded against a broader backdrop of surging utility power demand tied to data center and AI infrastructure buildout, trends that reinforce Con Edison's case for its ambitious $38.00 billion capital investment plan through 2029, targeting 8.2% annual rate base growth. Management reaffirmed full-year 2025 adjusted EPS guidance of $5.50 to $5.70, even as pending CECONY rate filings face a significant gap between the company's requested increases and NYSPSC staff recommendations.