Con Edison Q3 net income $526M; raises FY2023 EPS guidance to $5.00-$5.10

CONSOLIDATED EDISON INC

2023-Q3 EPS reported $6.24 revenue$11,219,000,000

Q3 2023 net income $526M ($1.53 EPS) vs $613M ($1.73 EPS) in Q3 2022.
Adjusted earnings $561M ($1.62 EPS) vs $579M ($1.63 EPS) year-over-year.
FY2023 adjusted EPS guidance raised to $5.00-$5.10 from prior $4.85-$5.00.
Increased long-term debt issuance plan at utilities to up to $2,100M (previously up to $1,400M).
Began construction of Brooklyn Clean Energy Hub transmission substation.

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 results: net income $2,185 million, EPS $6.27 a share. Guidance raised.

Net income: $2,185 million
EPS: $6.27 a share
Guidance: raised
Result: reported results

Exact text from the filing

For the first nine months of 2023, net income for common stock was $2,185 million or $6.27 a share compared with $1,470 million or $4.15 a share in the first nine months of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONSOLIDATED EDISON INC reported three and nine months ended September 30, 2023 results: net income $526 million, EPS $1.53 a share. Guidance raised.

Period: three and nine months ended September 30, 2023
Net income: $526 million
EPS: $1.53 a share
Guidance: raised
Result: reported results

Exact text from the filing

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2023 third quarter net income for common stock of $526 million or $1.53 a share compared with $613 million or $1.73 a share in the 2022 third quarter.

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Source: SEC EDGAR

accession 0001047862-23-000163

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