Consolidated Edison, Inc. ( (ED) ) has released its Q1 earnings. Here is a breakdown of the information Consolidated Edison, Inc. presented to its investors.
Consolidated Edison, Inc. is a major investor-owned energy delivery company in the United States, providing a range of energy-related products and services through its subsidiaries, including electric, gas, and steam services in New York and New Jersey.
In its first quarter earnings report for 2025, Consolidated Edison, Inc. announced a net income of $791 million, or $2.26 per share, marking an increase from the previous year’s first quarter earnings of $720 million, or $2.08 per share. The company also reported adjusted earnings of $792 million, or $2.26 per share, indicating a solid financial performance.
Key financial highlights from the report include a successful issuance of over $1.3 billion in new common equity, which meets the company’s equity needs for 2025. Additionally, the company reaffirmed its forecast for adjusted earnings per share to be in the range of $5.50 to $5.70 for the year. The report also highlighted strategic investments in infrastructure aimed at enhancing grid security and supporting the clean energy transition.
Consolidated Edison continues to focus on infrastructure investments to maintain reliability and support the growing demand for energy, projecting nearly $72 billion in capital investments over the next decade. This strategic direction is expected to provide stable returns for investors while meeting customer needs.
Looking ahead, Consolidated Edison remains optimistic about its growth prospects, with management anticipating steady growth throughout 2025 and beyond. The company is committed to executing its strategy of robust infrastructure investments to ensure continued delivery of reliable energy services and strong financial performance.