Con Edison Q1 adjusted EPS misses analyst estimates as costs rise

Consolidated Edison

07/05/2026 21:42

Overview

US regulated utility's Q1 adjusted EPS missed analyst expectations

Q1 adjusted net income also missed analyst estimates

Net income rose yr/yr, aided by gain from Mountain Valley Pipeline sale

Outlook

Con Edison reaffirms 2026 adjusted EPS guidance at $6.00 to $6.20 per share

Company says electrification and economic growth are driving increased infrastructure investment

Company expects to maintain focus on cost management and system reliability in 2026

Result Drivers

RATE BASE GROWTH - Higher electric and gas rate base contributed positively to Q1 results

OPERATING COSTS - Higher electric, gas and steam operations and maintenance expense weighed on Q1 results

INTEREST EXPENSE - Higher interest expense on long-term debt negatively affected Q1 earnings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
$2.18
$2.27 (11 Analysts)
Q1 EPS
$2.55
Q1 Adjusted Net Income
Miss
$790 mln
$820.75 mln (4 Analysts)
Q1 Net Income
$924 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 9 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Consolidated Edison Inc is $110.00, about 2.9% above its May 6 closing price of $106.87

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)