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Jun 30, 2023
ConEd Q2 2023 Earnings Report
Con Edison reported second quarter earnings for 2023.
Key Takeaways
Con Edison reported a decrease in net income for the second quarter of 2023, with $226 million compared to $255 million in the same period of 2022. Adjusted earnings also decreased to $210 million from $228 million in the previous year.
Second quarter net income was $226 million, or $0.65 a share, compared to $255 million, or $0.72 a share, in 2022.
Adjusted earnings were $210 million, or $0.61 a share, compared to $228 million, or $0.64 a share, in 2022.
The company expects its adjusted earnings per share to be in the range of $4.85 to $5.00 for the year of 2023.
New York’s Public Service Commission approved a three-year rate plan that authorizes $11.8 billion in capital investments.
Forward Guidance
Con Edison expects its adjusted earnings per share to be in the range of $4.85 to $5.00 for the year of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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