8-K
filed November 3, 2022, 7:59 PM ET
ticker ED
CIK 0001047862
earnings
confidence high
sentiment positive
materiality 0.85
Con Edison Q3 adjusted EPS $1.63 vs $1.41 YoY; raises guidance; to sell Clean Energy for $6.8B
CONSOLIDATED EDISON INC
2022-Q3 EPS reported
$4.13
revenue$11,639,000,000
- Q3 2022 net income $613M ($1.73 EPS) vs $538M ($1.52 EPS) in Q3 2021; adjusted EPS $1.63 vs $1.41.
- Full-year 2022 adjusted EPS guidance raised to $4.50-$4.60 from $4.40-$4.60.
- Agreed to sell Clean Energy Businesses for $6.8B; expects close in first half 2023.
- Plans to use proceeds to repay $1.05B parent debt, invest in utilities, and initiate share buyback.
- Will forego common equity issuances in 2022-2023; evaluating 2024 equity needs.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CONSOLIDATED EDISON INC reported the nine months ended September 30, 2022 results: net income $1,470 million, EPS $4.15 a share.
- Period
- the nine months ended September 30, 2022
- Net income
- $1,470 million
- EPS
- $4.15 a share
- Result
- reported results
Exact text from the filing
For the first nine months of 2022, net income for common stock was $1,470 million or $4.15 a share compared with $1,122 million or $3.23 a share in the first nine months of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CONSOLIDATED EDISON INC reported the year of 2022 results: EPS $4.50 to $4.60 per share. Guidance raised.
- Period
- the year of 2022
- EPS
- $4.50 to $4.60 per share
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
For the year of 2022, Con Edison expects its adjusted earnings per share to be in the range of $4.50 to $4.60 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CONSOLIDATED EDISON INC reported the three months ended September 30, 2022 results: net income $613 million, EPS $1.73 a share.
- Period
- the three months ended September 30, 2022
- Net income
- $613 million
- EPS
- $1.73 a share
- Result
- reported results
Exact text from the filing
CON EDISON REPORTS 2022 THIRD QUARTER EARNINGS NEW YORK - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2022 third quarter net income for common stock of $613 million or $1.73 a share compared with $538 million or $1.52 a share in the 2021 third quarter.
View on SEC.gov
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