ConEd Q1 2023 Earnings Report
Key Takeaways
Consolidated Edison reported a net income of $1,433 million, or $4.06 per share, for the first quarter of 2023, compared to $602 million, or $1.70 per share, in the same quarter of 2022. Adjusted earnings were $645 million, or $1.83 per share, compared to $522 million, or $1.47 per share, in the 2022 period. The company reaffirmed its adjusted earnings per share forecast for 2023 to be in the range of $4.75 to $4.95.
Completed the sale of Clean Energy Businesses for $6.8 billion, strengthening the balance sheet.
Focused on the clean energy transition in New York.
Helped customers connect over 700 megawatts of solar generation.
Investment in clean, resilient, and reliable energy systems will be the foundation for continued growth.
ConEd
ConEd
Forward Guidance
Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.75 to $4.95 per share for the year of 2023.