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Jun 30, 2022

ConEd Q2 2022 Earnings Report

Con Edison reported an increase in second quarter earnings compared to the previous year.

Key Takeaways

Consolidated Edison, Inc. reported a net income for common stock of $255 million, or $0.72 a share, for the second quarter of 2022, compared to $165 million, or $0.48 a share, for the second quarter of 2021. Adjusted earnings were $228 million, or $0.64 a share, compared to $182 million, or $0.53 a share in the 2021 period.

Second quarter net income for common stock was $255 million, or $0.72 a share.

Adjusted earnings were $228 million, or $0.64 a share.

Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.40 to $4.60 per share for the year of 2022.

Con Edison is considering strategic alternatives with respect to its Clean Energy Businesses.

Total Revenue
$3.42B
Previous year: $2.97B
+14.9%
EPS
$0.64
Previous year: $0.53
+20.8%
Gross Profit
$1.64B
Previous year: $1.59B
+3.3%
Cash and Equivalents
$1.13B
Previous year: $1.07B
+5.6%
Total Assets
$65.1B
Previous year: $62.9B
+3.4%

ConEd

ConEd

Forward Guidance

Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.40 to $4.60 per share for the year of 2022. Con Edison is considering strategic alternatives with respect to its Clean Energy Businesses.