Con Edison Q2 2026 EPS $0.83 beats $0.68 YoY; reaffirms FY adjusted EPS $6.00-$6.20

CONSOLIDATED EDISON INC

Q2 net income $308M ($0.83/share) vs $246M ($0.68) in Q2 2025; adjusted EPS $0.83 vs $0.67.
First-half 2026 net income $1,232M ($3.37/share) vs $1,038M ($2.93) in prior year.
Reaffirmed FY2026 adjusted EPS guidance of $6.00-$6.20; excludes MVP gain and HLBV effects.
Strategic alternatives review ongoing for equity interests in Mountain Valley Pipeline and Honeoye Storage.
CEO cites nation-leading electric reliability; plans 28 new substations by 2035 and billions in capital investments.

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