ConEd Q3 2021 Earnings Report

Con Edison reported an increase in net income and EPS compared to the same quarter last year, driven by world-class reliability during the summer, efficient restoration after storm events and heat waves, and continued leadership in the transition to a clean energy future.

Key Takeaways

Con Edison reported a net income of $538 million, or $1.52 per share, for the third quarter of 2021, compared to $493 million, or $1.47 per share, for the third quarter of 2020. Adjusted earnings were $499 million, or $1.41 per share, compared to $495 million, or $1.48 per share in the 2020 period.

Net income for common stock was $538 million or $1.52 a share compared with $493 million or $1.47 a share in the 2020 third quarter.

Adjusted earnings were $499 million or $1.41 a share in the 2021 period compared with $495 million or $1.48 a share in the 2020 period.

Energy systems delivered world class reliability this summer, efficiently restoring affected customers and managing the costs of these efforts in response to storm events and heat waves.

The company continues to lead the transition to a clean energy future, evidenced during the quarter by its solicitation for large energy storage projects.

Total Revenue

$3.61B

Previous year: $3.33B

Previous year: $2.02B

+3.7%