Con Edison reports 2022 adjusted EPS $4.57, guides 2023 $4.75-4.95, plans $1B buyback

CONSOLIDATED EDISON INC

2022-FY EPS reported $4.66 revenue$15,670,000,000

FY 2022 net income $1,660M ($4.68 GAAP EPS); adjusted $1,620M ($4.57 EPS), up from $4.39 in 2021.
Q4 2022 net income $190M ($0.53 GAAP EPS); adjusted $288M ($0.81 EPS) vs $1.00 in prior Q4.
2023 adjusted EPS guidance range of $4.75-$4.95; 5-year CAGR target of 5%-7% from 2023 base.
Plans $4,809M of capital investments in 2023, $9,809M aggregate for 2024-2025.
Intends to repay $1,250M parent debt, invest in utilities, and repurchase up to $1,000M of common shares after Clean Energy sale closing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONSOLIDATED EDISON INC reported the three months and year ended December 31, 2022 results: net income $1,660 million or $4.68 a share. Guidance reaffirmed.

Period: the three months and year ended December 31, 2022
Net income: $1,660 million or $4.68 a share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2022 net income for common stock of $1,660 million or $4.68 a share

View on SEC.gov

Browse all earnings releases →

CONSOLIDATED EDISON INC filing history →

Source: SEC EDGAR

accession 0001047862-23-000042

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.