Con Edison Q1 adjusted EPS $2.15 vs $1.83 YoY; reaffirms FY $5.20-$5.40

CONSOLIDATED EDISON INC

2024-Q1 EPS reported $2.08 revenue$4,280,000,000

Reported net income $720M ($2.08 EPS) vs $1,433M ($4.06 EPS) in Q1 2023; adjusted EPS up 17.5%.
Adjusted earnings $742M ($2.15 EPS) exclude HLBV and prior-year Clean Energy sale impacts.
Reaffirmed FY2024 adjusted EPS guidance range of $5.20 to $5.40.
Approved Reliable Clean City – Idlewild Project: $1.2B investment in two Queens substations for grid modernization.
Noted 50 consecutive years of dividend increases; CFO cites solid utility rate base growth through 2028.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CONSOLIDATED EDISON INC reported year of 2024 results: EPS $5.20 to $5.40 per share. Guidance reaffirmed.

Period: year of 2024
EPS: $5.20 to $5.40 per share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For the year of 2024, Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $5.20 to $5.40 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CONSOLIDATED EDISON INC reported three months ended March 31, 2024 results: EPS $2.15 a share.

Period: three months ended March 31, 2024
EPS: $2.15 a share
Result: reported results

Exact text from the filing

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 first quarter net income for common stock of $720 million or $2.08 a share com pared with $1,433 million or $4.06 a share in the 2023 first quarter .

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CONSOLIDATED EDISON INC reported three months ended March 31, 2024 results: EPS $2.15 a share.

Period: three months ended March 31, 2024
EPS: $2.15 a share
Result: reported results

Exact text from the filing

Adjusted earnings were $742 million or $2.15 a sh are in the 2024 period compared with $645 million or $1.83 a share in the 2023 period.

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Source: SEC EDGAR

accession 0001047862-24-000032

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