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Mar 31
ConEd Q1 2025 Earnings Report
Con Edison reported solid results in Q1 2025, with earnings growth driven by base rate increases and infrastructure investments.
Key Takeaways
Con Edison delivered strong Q1 2025 results, posting higher net income and stable adjusted EPS, supported by rate base growth and operational improvements.
Net income rose to $791 million from $720 million in Q1 2024.
Adjusted EPS remained steady at $2.26, excluding non-operational items.
Revenue reached $4.8 billion for the quarter.
Significant infrastructure investment plans totaling nearly $72 billion over the next decade were reaffirmed.
ConEd
ConEd
Forward Guidance
Con Edison reaffirmed its 2025 adjusted EPS guidance and emphasized strong capital investment plans to drive long-term growth.
Positive Outlook
- Reaffirmed adjusted EPS guidance of $5.50 to $5.70 for FY 2025.
- Completed $1.3 billion common equity issuance, covering 2025 equity needs.
- Ongoing investments focused on grid security, resiliency, and electrification.
- Stable earnings outlook supported by regulatory rate structures.
- Anticipated $72 billion in capital investments over the next 10 years.
Challenges Ahead
- EPS guidance excludes several unpredictable items, such as impacts from MVP and Honeoye evaluations.
- Dilutive effect from new share issuance had minor negative EPS impact.
- Uncertainty related to regulatory environments and strategic project outcomes.
- Exposure to operational risks and environmental regulations.
- Ongoing risks from supply chain disruptions, inflation, and cyber threats.