Con Edison Q1 adjusted EPS $1.83 beats $1.47 YoY; reaffirms FY adjusted EPS guidance $4.75-$4.95

CONSOLIDATED EDISON INC

2023-Q1 EPS reported $4.05 revenue$4,403,000,000

Reported Q1 net income $1,433M ($4.06/sh) includes Clean Energy Businesses sale gain; adjusted earnings $645M ($1.83/sh).
Completed sale of Clean Energy Businesses valued at $6.8B, strengthening balance sheet and focusing on NY clean energy.
Connected over 700 MW of solar generation for customers; CEO cites significant clean energy milestone.
Full-year 2023 adjusted EPS guidance reaffirmed at $4.75-$4.95 per share.
Q1 2022 adjusted EPS was $1.47; increase driven by utility operations and sale-related impacts.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSOLIDATED EDISON INC reported the year of 2023 results: EPS $4.75 to $4.95 per share. Guidance reaffirmed.

Period: the year of 2023
EPS: $4.75 to $4.95 per share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For the year of 2023, Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.75 to $4.95 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONSOLIDATED EDISON INC reported first quarter 2023 results: net income $1,433 million, EPS $4.06 a share.

Period: first quarter 2023
Net income: $1,433 million
EPS: $4.06 a share
Result: reported results

Exact text from the filing

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2023 first quarter net income for common stock of $1,433 million or $4.06 a share compared with $602 million or $1.70 a share in the 2022 first quarter.

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Source: SEC EDGAR

accession 0001047862-23-000118

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