secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001047862-23-000118
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000104786223000118/0001047862-23-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000104786223000118/ed-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001047862-23-000118

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