ConEd Q3 2024 Earnings Report

Con Edison reported third quarter earnings with net income surpassing the previous year, driven by investments in clean energy infrastructure and energy-efficient solutions.

Key Takeaways

Con Edison reported a strong third quarter with net income for common stock of $588 million, or $1.70 per share, compared to $526 million, or $1.53 per share, in the third quarter of 2023. Adjusted earnings were $583 million, or $1.68 per share, compared to $561 million, or $1.62 per share, in the same period last year. The company is narrowing and revising its 2024 adjusted EPS guidance to the upper half of its original range.

Net income for common stock increased to $588 million or $1.70 a share compared to the previous year.

Adjusted earnings reached $583 million or $1.68 a share, excluding certain adjustments.

The company is investing in clean energy infrastructure and energy-efficient solutions.

2024 adjusted EPS guidance is narrowed and revised to the upper half of the original range, expecting between $5.30 and $5.40 per share.

Total Revenue

$4.09B

Previous year: $3.87B