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Dec 31, 2019
ConEd Q4 2019 Earnings Report
Con Edison reported solid financial results and focused on cleaner energy future.
Key Takeaways
Con Edison reported a net income of $295 million or $0.89 per share for the fourth quarter of 2019, compared to $331 million or $1.06 per share in 2018. Adjusted earnings were $288 million or $0.87 per share, compared to $243 million or $0.77 per share in the same period of 2018. The company delivered solid financial results while addressing challenges and focusing on a cleaner energy future.
Con Edison delivered solid financial results while meeting many challenges in 2019.
The company remained focused on leading the way towards a cleaner energy future.
Recently approved three-year rate plans are essential to helping New York State achieve its clean energy goals.
Con Edison is strengthening energy efficiency programs and offering customer incentives for clean energy alternatives.
Forward Guidance
The company expects its adjusted earnings per share for the year 2020 to be in the range of $4.30 to $4.50 a share. Adjusted earnings per share exclude the effects of HLBV accounting for tax equity investments in certain of the Clean Energy Businesses' renewable electric production projects (approximately $(0.19) a share).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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