Group 1 - Consolidated Edison, Inc. will present its clean energy strategy on October 8, 2024, from 9 a.m. to 10 a.m. Eastern Time [1] - The presentation will be led by Chairman and CEO Timothy Cawley, focusing on the company's support for New York State's environmental goals and its environmental, social, and governance practices [2] - A question-and-answer session will follow the presentation, with additional details and a link to the live webcast to be provided before the event [2] Group 2 - Consolidated Edison, Inc. is one of the largest investor-owned energy-delivery companies in the U.S., reporting approximately $15 billion in annual revenues for year-end 2023 and $68 billion in assets as of June 30, 2024 [3] - The company operates through several subsidiaries, including Consolidated Edison Company of New York, Inc., which provides electric, gas, and steam services in New York City and surrounding areas [3] - Other subsidiaries include Orange and Rockland Utilities, Inc., serving a 1,300-square-mile area in southeastern New York and northern New Jersey, and Con Edison Transmission, Inc., which focuses on developing electric transmission projects for clean, renewable electricity [3]

NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at conferences in September and October 2024. The presentation will be followed by a question-and-answer session. A copy of Con Edison's investor presentation for these meetings can be found on the Presentations & Webcasts page of Con Edison's website (Select "For Investors" and then select "Presentation & Webcasts"). Consolidated Edison, Inc. is one of the nation's largest investo ...

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Core Viewpoint - Consolidated Edison, Inc. reported second-quarter 2024 adjusted earnings of 59 cents per share, exceeding the Zacks Consensus Estimate of 55 cents by 7.3%, but down 3.3% from 61 cents in the prior-year quarter [1][2] Revenue Performance - Total operating revenues for the quarter were $3.22 billion, surpassing the Zacks Consensus Estimate of $3.08 billion by 4.5% and increasing 9.4% from $2.94 billion in the year-ago quarter, driven by higher gas, steam, and electric revenues [3] - Electric revenues reached $2.55 billion, up 10.7% from $2.30 billion in the prior-year quarter, while gas revenues increased by 1.9% to $582 million [3] - Steam revenues rose significantly by 27.5% to $88 million, and non-utility revenues were nil compared to $1 million in the year-earlier quarter [4] Operating Expenses - Total operating expenses increased by 8.5% year over year to $2.90 billion, with purchase power costs rising by 12.3% and other operations and maintenance expenses increasing by 13.9% [5] - Depreciation and amortization expenses grew by 3.2%, while taxes other than income taxes increased by 9.2% year over year [5] - Fuel expenses decreased by 16.7% year over year, and the cost of gas purchased for resale fell by 31.3% [5] Operating Income - The company's operating income for the second quarter increased by 12.7% year over year to $320 million [6] Financial Position - As of June 30, 2024, cash and temporary cash investments were $1.50 billion, up from $1.19 billion as of December 31, 2023 [7] - Long-term debt increased to $23.31 billion from $21.93 billion at the end of 2023 [7] - Cash from operating activities amounted to $1.91 billion compared to $1.16 billion generated in the prior year [7] Guidance - Consolidated Edison reaffirmed its 2024 guidance, expecting adjusted earnings per share in the range of $5.20-$5.40, with the Zacks Consensus Estimate for 2024 earnings at $5.31 per share, just above the midpoint of the company's guided range [8]

Consolidated Edison (ED) reported $3.22 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.4%. EPS of $0.59 for the same period compares to $0.61 a year ago. The reported revenue represents a surprise of +4.54% over the Zacks Consensus Estimate of $3.08 billion. With the consensus EPS estimate being $0.55, the EPS surprise was +7.27%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Consolidated Edison (ED) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.27%. A quarter ago, it was expected that this utility would post earnings of $1.89 per share when it actually produced earnings of $2.15, delivering a surprise of 13.76%. Over the last four quarters, the compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | --- | --- | |--------------------------|----------------------------------------------------------------------------------------------------------- ...

NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 second quarter net income for common stock of $202 million or $0.58 a share compared with $226 million or $0.65 a share in the 2023 second quarter. Adjusted earnings (non-GAAP) were $203 million or $0.59 a share in the 2024 period compared with $210 million or $0.61 a share in the 2023 period. Adjusted earnings and adjusted earnings per share in the 2024 and 2023 periods exclude the effects of hypoth ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Allan Drury August 1, 2024 212-460-4111 Media Relations Consolidated Edison, Inc. 212 460 4111 (24 hours) 4 Irving Place New York, NY 10003 www.conEdison.com CON EDISON REPORTS 2024 SECOND QUARTER EARNINGS NEW YORK - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 second quarter net income for common stock of $202 million or $0.58 a share compared with $226 million or $0.65 a share in the 2023 second quarter. Adjusted earnings (non-GAAP) were ...

Consolidated Edison, Inc. (ED) is scheduled to release its second-quarter 2024 results on Aug 1 after market close. The company delivered an earnings surprise of 13.76% in the last reported quarter. Consolidated Edison holds a four-quarter average earnings surprise of 5.88%. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors at Play The majority of Consolidated Edison's service territories witnessed a warmer-than-normal temperature pattern during most of the ...