---
schema_version: "secwatch.filing_event.v1"
accession: "0001047862-22-000250"
form_type: "8-K"
ticker: "ED"
cik: "0001047862"
company_name: "CONSOLIDATED EDISON INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T07:44:50.503435+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Con Edison Q3 adjusted EPS $1.63 vs $1.41 YoY; raises guidance; to sell Clean Energy for $6.8B

## Summary
- 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.

## SEC filing metadata
- accession: 0001047862-22-000250
- form_type: 8-K
- ticker: ED
- cik: 0001047862
- company_name: CONSOLIDATED EDISON INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047862/000104786222000250/0001047862-22-000250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23632/000104786222000250/ed-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001047862-22-000250
- JSON: https://secwatch.observer/filing/0001047862-22-000250.json
- Plain text: https://secwatch.observer/filing/0001047862-22-000250.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000104786222000250/0001047862-22-000250-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000104786222000250/0001047862-22-000250-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047862/000104786222000250/0001047862-22-000250-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.