ConEd Q3 2020 Earnings Report

Con Edison reported third quarter earnings, with net income and adjusted earnings slightly increasing compared to the previous year.

Key Takeaways

Consolidated Edison, Inc. reported a net income of $493 million, or $1.47 per share, for the third quarter of 2020, compared to $473 million, or $1.42 per share, for the third quarter of 2019. Adjusted earnings were $495 million, or $1.48 per share, in the 2020 period compared with $513 million, or $1.54 per share, in the 2019 period.

Third quarter net income for common stock was $493 million or $1.47 a share compared to $473 million or $1.42 a share in the third quarter of 2019.

Adjusted earnings were $495 million or $1.48 a share in the 2020 period compared with $513 million or $1.54 a share in the 2019 period.

Con Edison expects its adjusted earnings per share to be in the range of $4.15 to $4.30 a share for the year of 2020.

Con Edison is committed to delivering a clean energy future and investing in renewable and reliable energy sources.

Total Revenue

$3.33B

Previous year: $3.37B