Con Edison raises 2023 adjusted EPS guidance to $4.85-$5.00; Q2 adjusted EPS $0.61 vs $0.64

CONSOLIDATED EDISON INC

2023-Q2 EPS reported $4.72 revenue$7,347,000,000

Q2 2023 net income $226M ($0.65/sh) vs $255M ($0.72/sh) in Q2 2022.
Adjusted EPS (non-GAAP) $0.61 vs $0.64 in prior-year quarter.
First-half 2023 adjusted EPS $2.45 vs $2.12 in 2022, up 15.6%.
Full-year 2023 adjusted EPS guidance raised to $4.85-$5.00 from $4.75-$4.95.
NY PSC approved $11.8B capital investment plan for electric grid modernization.

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 three and six months ended June 30, 2023 results: net income $226 million or $0.65 a share (Q2), $1,658 million or $4.74 a share (YTD), EPS $0.65 (Q2), $4.74 (YTD). Guidance raised.

Period: the three and six months ended June 30, 2023
Net income: $226 million or $0.65 a share (Q2), $1,658 million or $4.74 a share (YTD)
EPS: $0.65 (Q2), $4.74 (YTD)
Guidance: raised
Result: reported results

Exact text from the filing

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2023 second quarter net income for common stock of $226 million or $0.65 a share compared with $255 million or $0.72 a share in the 2022 second quarter.

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Source: SEC EDGAR

accession 0001047862-23-000142

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