secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001047862-23-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000104786223000042/0001047862-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000104786223000042/ed-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001047862-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer