Looking into the current session, Consolidated Edison Inc. (NYSE:ED) shares are trading at $100.25, after a 0.13% drop. Over the past month, the stock fell by 0.40%, but over the past year, it actually went up by 2.04%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. A Look at Consolidated Edison P/E Relative to Its CompetitorsThe P/E ratio measures the current share price to t ...

Key Takeaways Consolidated Edison's Q3 adjusted EPS rose 13.1% to $1.90, topping estimates by 7.9%.Total operating revenues climbed 10.7% to $4.53B, led by higher electric and gas sales.The company lifted its 2025 EPS outlook to $5.60-$5.70, narrowing to the upper half of guidance.Consolidated Edison, Inc. (ED) reported third-quarter 2025 adjusted earnings of $1.90 per share, which topped the Zacks Consensus Estimate of $1.76 by 7.9%. The bottom line also improved 13.1% from $1.68 recorded in the prior-year ...

Group 1 - The article emphasizes the importance of dividend stocks as a reliable source of passive income, especially during market fluctuations [1] - The focus on dividend stocks has been consistent for over 15 years, highlighting their role in supplementing income from employment or other sources [1]

Core Insights - Consolidated Edison (ED) reported a revenue of $4.53 billion for the quarter ended September 2025, marking a year-over-year increase of 10.7% and exceeding the Zacks Consensus Estimate of $4.16 billion by 8.82% [1] - The company's EPS for the same period was $1.90, up from $1.68 a year ago, representing a surprise of 7.95% compared to the consensus estimate of $1.76 [1] Revenue Performance - Operating revenues for O&R were $349 million, surpassing the average estimate of $332.21 million, reflecting a year-over-year change of +6.1% [4] - CECONY's operating revenues reached $4.18 billion, exceeding the three-analyst average estimate of $3.85 billion, with a year-over-year increase of +11.1% [4] - Steam operating revenues were reported at $56 million, compared to the average estimate of $54.1 million, showing a +14.3% year-over-year change [4] - Con Edison Transmission reported operating revenues of $1 million, slightly below the average estimate of $1.02 million [4] - CECONY's Gas operating revenues were $392 million, exceeding the average estimate of $346.7 million, with a year-over-year increase of +16.3% [4] - O&R's Electric operating revenues were $308 million, surpassing the two-analyst average estimate of $288.21 million, reflecting a +5.1% year-over-year change [4] - Gas operating revenues totaled $433 million, exceeding the average estimate of $388.81 million, representing a +16.1% change compared to the previous year [4] - Electric operating revenues were reported at $4.04 billion, compared to the average estimate of $3.7 billion, indicating a +10.1% year-over-year increase [4] - CECONY's Electric operating revenues reached $3.73 billion, surpassing the average estimate of $3.42 billion, with a +10.6% year-over-year change [4] - Operating Income for CECONY was $914 million, slightly above the three-analyst average estimate of $901.84 million [4] Stock Performance - Shares of Con Ed have returned -4.7% over the past month, while the Zacks S&P 500 composite has changed by +1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Group 1: Earnings Performance - Consolidated Edison (Con Ed) reported quarterly earnings of $1.9 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, and up from $1.68 per share a year ago, representing an earnings surprise of +7.95% [1] - The company posted revenues of $4.53 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 8.82%, compared to $4.09 billion in the same quarter last year [2] - Over the last four quarters, Con Ed has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Con Ed shares have increased approximately 7.7% since the beginning of the year, while the S&P 500 has gained 15.6% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.92 on revenues of $3.74 billion, and for the current fiscal year, it is $5.62 on revenues of $16.29 billion [7] Group 3: Industry Context - The Utility - Electric Power industry, to which Con Ed belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Con Ed's stock performance [5][6]

Financial Performance - For Q3 2025, Con Edison reported net income of $688 million or $1.91 per share, up from $588 million or $1.70 per share in Q3 2024, representing a 17% increase in net income[1] - Adjusted earnings for Q3 2025 were $686 million or $1.90 per share, compared to $583 million or $1.68 per share in Q3 2024, reflecting a 17.7% increase[1] - For the first nine months of 2025, net income reached $1,726 million or $4.84 per share, compared to $1,510 million or $4.37 per share in the same period of 2024, marking a 14.3% increase[2] - Adjusted earnings for the first nine months of 2025 were $1,718 million or $4.82 per share, up from $1,528 million or $4.42 per share in 2024, indicating a 12.4% increase[2] - The total adjusted net income (Non-GAAP basis) was $190 million, or $0.40 per share, after accounting for various impacts[22] - The total reported net income on a GAAP basis was $216 million[22] Future Outlook - Con Edison expects adjusted earnings per share for 2025 to be in the range of $5.60 to $5.70, an increase from the previous forecast of $5.50 to $5.70[3] Infrastructure and Investments - The company plans to complete construction of 14 new substations and upgrades by 2030 to enhance energy reliability[3] - Con Edison has reached a Joint Settlement Agreement for a three-year investment plan aimed at funding critical infrastructure while maintaining affordability[3] Project Highlights - The company highlighted landmark projects such as New York's first all-electric skyscraper and JFK Airport's redevelopment, showcasing growing energy demand[3] Financial Stability - Con Edison’s strong balance sheet and revenue predictability make it an attractive option for investors[3] - The increase in electric rate base contributed $57 million to net income, while the lower commercial paper interest expense added $34 million[22] - The higher income from allowance for funds used during construction contributed $23 million to net income[22] - The overall performance reflects the utilities' revenue decoupling mechanisms, which stabilize revenues despite changes in delivery volumes[22] Other Financial Impacts - CECONY reported a net income of $189 million, translating to earnings per share of $0.41[22] - O&R's total net income was $12 million, with a gas base rate increase contributing $7 million[22] - Con Edison Transmission experienced a total loss of $4 million, primarily due to an income tax adjustment[22] - The impact of the May 2024 NYSPSC order resulted in a $37 million reduction in net income[22] - Other impacts related to the sale of the Clean Energy Businesses resulted in a loss of $23 million[22] - The adjusted earnings exclude impacts from the sale of the Clean Energy Businesses and other strategic evaluations, emphasizing ongoing financial performance[9]

Financial Performance - For Q3 2025, Consolidated Edison reported total operating revenues of $4,530 million, a 10.7% increase from $4,092 million in Q3 2024[17]. - Net income for Q3 2025 was $688 million, up 17% from $588 million in Q3 2024, resulting in a diluted net income per share of $1.90[17][18]. - For the nine months ended September 30, 2025, total operating revenues reached $12,924 million, a 11.5% increase compared to $11,587 million for the same period in 2024[17]. - Operating income for the nine months ended September 30, 2025, was $2,448 million, reflecting a 11.6% increase from $2,193 million in 2024[17]. - Net income for the nine months ended September 30, 2025, was $1,606 million, up 13.3% from $1,417 million in the same period of 2024[24]. - Total comprehensive income for Q3 2025 was $639 million, compared to $537 million in Q3 2024[24]. - The company’s comprehensive income for the nine months ended September 30, 2025, was $1,598 million, an increase from $1,417 million in 2024[24]. Operating Expenses and Income - The company’s total operating expenses for Q3 2025 were $3,562 million, a 10.3% increase from $3,230 million in Q3 2024[17]. - Total operating expenses for Q3 2025 were $3,267 million, a 10.4% increase from $2,959 million in Q3 2024[23]. - The total operating income for CECONY for the three months ended September 30, 2025, was $914 million, compared to $803 million in 2024, representing a growth of 13.8%[121]. - The total operating income for the nine months ended September 30, 2025, was $10,476 million, compared to $9,364 million for the same period in 2024, indicating an increase of 11.8%[17]. Cash Flow and Assets - The company reported net cash flows from operating activities of $3,320 million for the nine months ended September 30, 2025, compared to $2,304 million in 2024[19]. - Total assets as of September 30, 2025, were $71,844 million, an increase from $70,562 million at the end of 2024[20]. - The balance of cash and temporary cash investments decreased to $181 million as of September 30, 2025, from $1,324 million at the end of 2024[20]. - Cash flows from operating activities for the nine months ended September 30, 2025, were $3,111 million, an increase from $2,087 million in 2024[25]. - Total current liabilities decreased to $5,079 million as of September 30, 2025, down from $6,433 million at the end of 2024[21]. Shareholder Equity and Dividends - The balance of shareholders' equity increased to $24,168 million as of September 30, 2025, up from $21,962 million at the end of 2024[21]. - The company issued common stock dividends of $0.85 per share, totaling $295 million for the nine months ended September 30, 2025[22]. - The average number of shares outstanding for basic shares increased to 360.7 million in Q3 2025 from 346.2 million in Q3 2024[17]. Debt and Liabilities - Consolidated Edison’s interest expense for the nine months ended September 30, 2025, was $922 million, compared to $883 million in 2024[17]. - Long-term debt increased slightly to $24,909 million as of September 30, 2025, compared to $24,651 million at the end of 2024[21]. - Total current liabilities decreased by 20% from $5,559 million in December 2024 to $4,458 million in September 2025[27]. - CECONY's regulatory liabilities decreased from $5,546 million in December 31, 2024, to $5,069 million as of September 30, 2025[61]. Regulatory and Rate Changes - CECONY's electric base rate changes for the three-year period from January 2026 to December 2028 include increases of $222 million in Year 1, $473 million in Year 2, and $329 million in Year 3[45]. - CECONY's gas base rate changes include a decrease of $46 million in Year 1, followed by increases of $170 million in Year 2 and $93 million in Year 3[47]. - The Joint Proposal for CECONY's electric and gas rate plans is subject to approval by the New York State Public Service Commission[44]. Environmental and Legal Liabilities - The estimated aggregate undiscounted potential liability for the investigation and remediation of environmental contaminants at Con Edison’s manufactured gas plant sites is up to $3,391 million, while for CECONY it is $3,237 million[88]. - Con Edison and CECONY have accrued estimated liabilities for asbestos suits totaling $8 million and $7 million, respectively, as of September 30, 2025, consistent with the previous year[91]. - For the nine months ended September 30, 2025, Con Edison incurred investigation and remediation costs of $12 million, down from $27 million in 2024, while CECONY's costs were $11 million compared to $27 million in the previous year[87]. Tax Expenses - The income tax expense for Con Edison was $202 million for the three months ended September 30, 2025, compared to $133 million in 2024, reflecting an effective tax rate of 22.7%[97]. - CECONY's income tax expense for the same period was $187 million, up from $119 million in 2024, also with an effective tax rate of 22.7%[97]. - The effective tax rate for CECONY increased to 22.4% in 2025 from 17.5% in 2024, indicating a significant rise in tax burden[100]. Capital Expenditures - Capital expenditures for CECONY's electric operations are projected at $4,550 million in Year 1, $4,474 million in Year 2, and $4,712 million in Year 3[45]. - Capital expenditures for gas operations are estimated at $1,093 million in Year 1, $1,057 million in Year 2, and $1,065 million in Year 3[47]. - CECONY plans to implement a low carbon fuels pilot program for steam generation, with an estimated cost of $332 million for four steam decarbonization projects[53].

Financial Performance - Consolidated Edison reported a net income of $688 million or $1.91 per share for Q3 2025, an increase from $588 million or $1.70 per share in Q3 2024, representing a 17% increase in net income [1][11] - For the first nine months of 2025, net income was $1,726 million or $4.84 per share, compared to $1,510 million or $4.37 per share in the same period of 2024, marking a 14% increase [2][11] - Adjusted earnings for Q3 2025 were $686 million or $1.90 per share, up from $583 million or $1.68 per share in Q3 2024 [1][11] Strategic Initiatives - The company has reached a Joint Settlement Agreement on a three-year investment plan aimed at funding critical infrastructure investments while maintaining affordability and reliability [3] - Con Edison plans to complete the construction of 14 new substations and implement upgrades and storm resiliency measures by 2030 to support growing energy demands [3] Future Outlook - The company expects adjusted earnings per share for 2025 to be in the range of $5.60 to $5.70, slightly up from the previous forecast of $5.50 to $5.70 [3] - Adjusted earnings per share exclude specific impacts such as the basis difference of Con Edison's equity investment in Mountain Valley Pipeline and other strategic evaluations [3][8]

3rd Quarter 2025 Earnings Release Presentation November 6, 2025 Available Information On November 6, 2025, Consolidated Edison, Inc. issued a press release reporting its third quarter 2025 earnings and filed with the Securities and Exchange Commission the company's third quarter 2025 Form 10-Q. This presentation should be read together with, and is qualified in its entirety by reference to, the earnings press release and the Form 10-Q. Copies of the earnings press release and the Form 10-Q are available at: ...

Group 1 - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the 13 most undervalued dividend stocks according to Wall Street analysts [1] - The company serves approximately 3.7 million electric and 1.1 million gas customers, operating the largest steam system in the United States [2] - Wells Fargo initiated coverage on Consolidated Edison with an Equal Weight rating and a price target of $99, highlighting a preference for companies with growth prospects and undervalued utilities [3] Group 2 - Consolidated Edison announced a quarterly dividend of $0.85 per share, maintaining its payout and marking 51 consecutive years of dividend increases [3] - The stock currently supports a dividend yield of 3.51% as of October 29 [3]