Con Edison Q3 adjusted profit tops estimates on higher electric rate base

Consolidated Edison

06/11/2025 22:37

Overview

Con Edison Q3 adjusted EPS beats analyst expectations, reflecting strong financial performance

Adjusted net income for Q3 exceeds analyst estimates, indicating robust operational results

Company plans critical infrastructure investments, supporting New York's clean energy transition

Outlook

Con Edison expects 2025 adjusted EPS between $5.60 and $5.70

Company plans to complete 14 new substations by 2030

Result Drivers

HIGHER ELECTRIC RATE BASE - Increased electric rate base contributed significantly to Q3 earnings growth

INFRASTRUCTURE INVESTMENTS - Joint Settlement Agreement aims to fund critical infrastructure investments while keeping affordability and reliability front and center

DEMAND FOR RELIABLE ENERGY - Growing demand for reliable energy highlighted by landmark projects such as New York's first all-electric skyscraper

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$1.90
$1.73 (7 Analysts)
Q3 EPS
$1.91
Q3 Adjusted Net Income
Beat
$686 mln
$609.90 mln (3 Analysts)
Q3 Net Income
$688 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "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 $101.00, about 4.8% above its November 5 closing price of $96.11

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nPn4V3Ygxa

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(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.)