ConEd Q3 2022 Earnings Report
Key Takeaways
Con Edison reported a net income of $613 million, or $1.73 per share, for the third quarter of 2022, compared to $538 million, or $1.52 per share, in the same period of 2021. Adjusted earnings were $579 million, or $1.63 per share, compared to $499 million, or $1.41 per share, in the prior year. The company is selling its Clean Energy Businesses for $6.8 billion and expects adjusted earnings per share for 2022 to be in the range of $4.50 to $4.60.
Net income for common stock was $613 million or $1.73 a share compared with $538 million or $1.52 a share in the 2021 third quarter.
Adjusted earnings were $579 million or $1.63 a share in the 2022 period compared with $499 million or $1.41 a share in the 2021 period.
Con Edison entered into an agreement to sell the Clean Energy Businesses for $6,800 million.
Con Edison expects its adjusted earnings per share to be in the range of $4.50 to $4.60 per share for the year of 2022.
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Forward Guidance
Con Edison expects its adjusted earnings per share to be in the range of $4.50 to $4.60 per share for the year of 2022.