secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001047862-24-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000104786224000032/0001047862-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000104786224000032/ed-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001047862-24-000032

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