secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001047862-22-000250
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000104786222000250/0001047862-22-000250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000104786222000250/ed-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001047862-22-000250

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