Highest-materiality recent filing
Con Edison establishes $2B at-the-market equity distribution program
Entered equity distribution agreement with 11 sales agents to sell up to $2B of common shares.
GAAP net income $924M ($2.55 EPS) vs $791M ($2.26 EPS) in Q1 2025.
Con Edison enters forward sale agreement for 7M shares at $110.81 via JPMorgan
Forward sale agreement with JPMorgan covers 7,000,000 Common Shares at initial forward price of $110.81 per share.
Con Edison FY 2025 adj. EPS $5.70, FY 2026 guidance $6.00-$6.20; 52nd straight dividend increase
FY 2025 GAAP net income $2,023M ($5.66/sh) vs $1,820M ($5.26/sh) in 2024; adjusted $2,038M ($5.70/sh).
Con Edison subsidiary agrees to sell 6.6% interest in Mountain Valley Pipeline for $357.5 million
Con Edison subsidiary entered a purchase and sale agreement to sell its ~6.6% stake in Mountain Valley Pipeline, LLC to an Ares Management fund.
Con Edison Q3 adjusted EPS $1.90 vs $1.68 a year ago; narrows FY guidance to $5.60-$5.70
Net income $688M ($1.91 GAAP EPS) vs $588M ($1.70) in Q3 2024.
CECONY files 2026-2028 electric and gas rate plan Joint Proposal with NYSPSC
Electric base rate increases: Yr1 $222M, Yr2 $473M, Yr3 $329M; shaped bill impact 2.80% yearly.
Con Edison Q2 net income $246M ($0.68 EPS), up 22% YoY; reaffirms FY guidance
Net income $246M ($0.68/share) vs $202M ($0.58) in Q2 2024; adjusted EPS $0.67 vs $0.59.
Con Edison Q1 net income $791M ($2.26 EPS) vs $720M ($2.08) YoY; reaffirms FY adj. EPS $5.50-5.70
Q1 2025 reported EPS $2.26 vs $2.08 YoY; adjusted EPS $2.26 vs $2.15.
Con Edison reports 2024 adjusted EPS $5.40, guides 2025 adjusted EPS $5.50-$5.70
Full-year 2024 net income $1,820M ($5.26/share) vs $2,519M ($7.25/share) in 2023; adjusted earnings $1,868M ($5.40/share) vs $1,762M ($5.07/share).
Con Edison subsidiary O&R files joint proposal for 3-yr rate plan (2025-27) with NYSPSC
Electric base rate changes: Yr1 -$13.1M (net), Yr2 +$24.8M, Yr3 +$44.1M; implemented as no change Yr1, +$17.7M Yrs 2&3.
Con Edison Q3 adj. EPS $1.68 beats prior year; FY guidance narrowed to upper half $5.30-$5.40
Q3 net income $588M ($1.70 GAAP EPS) vs $526M ($1.53) YoY; adjusted EPS $1.68 vs $1.62.
Con Edison CFO Hoglund to retire July 8; Kirkland Andrews named successor from Evergy
Robert Hoglund to retire as CFO effective July 8, 2024; will remain SVP until later in 2024 for transition.
Con Edison Q1 adjusted EPS $2.15 vs $1.83 YoY; reaffirms FY $5.20-$5.40
Reported net income $720M ($2.08 EPS) vs $1,433M ($4.06 EPS) in Q1 2023; adjusted EPS up 17.5%.
Con Edison and CECONY announced that Kirkland B. Andrews will succeed Mr. Hoglund as Senior Vice President and Chief Financial Officer (principal financial officer), effective July 8, 2024.
On June 4, 2024, Robert Hoglund, Senior Vice President and Chief Financial Officer (principal financial officer) of each of Consolidated Edison, Inc. (“Con Edison”) and Consolidated Edison Company of New York, Inc. (“CECONY”) announced his plan to retire from the role of the Chief Financial Officer on July 8, 2024.
Max materiality 0.75 · Median 0.55 · Most common event debt