ConEd Q1 2021 Earnings Report
Key Takeaways
Consolidated Edison reported a net income of $419 million, or $1.23 per share, for the first quarter of 2021, compared to $375 million, or $1.13 per share, for the first quarter of 2020. Adjusted earnings were $491 million, or $1.44 per share, compared to $451 million, or $1.35 per share in the 2020 period.
Net income for common stock was $419 million or $1.23 a share compared to $375 million or $1.13 a share in the 2020 first quarter.
Adjusted earnings were $491 million or $1.44 a share compared to $451 million or $1.35 a share in the 2020 period.
The company reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.15 to $4.35 per share for the year of 2021.
Con Edison is focusing on investments in renewable energy, electric vehicle infrastructure, and energy efficiency.
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Forward Guidance
Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.15 to $4.35 per share for the year of 2021.