Con Edison Q2 GAAP EPS $0.58 vs $0.65 YoY; reaffirms 2024 adjusted EPS guidance $5.20-$5.40

CONSOLIDATED EDISON INC

2024-Q2 EPS reported $2.66 revenue$7,495,000,000

Q2 2024 GAAP net income $202M ($0.58/diluted share) vs $226M ($0.65) in Q2 2023.
H1 2024 GAAP net income $922M ($2.67) vs $1,658M ($4.74) in H1 2023 which included Clean Energy Businesses sale gain.
Adjusted H1 EPS rose to $2.73 from $2.45 YoY, excluding HLBV accounting and sale impacts.
Full-year 2024 adjusted EPS guidance reaffirmed at $5.20-$5.40, excluding HLBV and other items.
CEO cites reliable electric service and infrastructure investments to support clean energy transition.

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