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Sep 30, 2020

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
-1.0%
EPS
$1.48
Previous year: $1.54
-3.9%
Gross Profit
$2.02B
Previous year: $1.91B
+5.7%
Cash and Equivalents
$153M
Previous year: $78M
+96.2%
Total Assets
$59.6B
Previous year: $55.9B
+6.5%

ConEd

ConEd

Forward Guidance

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.