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]

Core Points - Consolidated Edison, Inc. (Con Edison) plans to report its 3rd Quarter Earnings on November 6, 2025, after market close [1] - Con Edison operates through several subsidiaries, providing a range of energy-related products and services, including electric, gas, and steam services in New York City and surrounding areas [2] Financial Information - Con Edison declared a quarterly dividend of 85 cents per share on its common stock, payable on December 15, 2025 [4] Investor Relations - Con Edison will host a webcast for an investor presentation titled "Delivering Reliable and Resilient Energy for the Future" on October 7, 2025 [5]

Group 1: Zacks Premium Overview - Zacks Premium offers various tools to help investors become more confident and informed, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1] - The service includes Zacks Style Scores, which are designed to assist investors in selecting stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores rate stocks using an alphabetic system from A to F based on value, growth, and momentum characteristics, with A being the highest score [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Group 3: Value Score - The Value Score identifies stocks that are undervalued based on financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors [3] Group 4: Growth Score - The Growth Score assesses a company's financial health and future growth potential by analyzing projected and historical earnings, sales, and cash flow [4] Group 5: Momentum Score - The Momentum Score helps investors capitalize on price trends by evaluating short-term price changes and earnings estimate revisions [5] Group 6: VGM Score - The VGM Score combines the three Style Scores to provide a comprehensive rating, highlighting stocks with attractive value, strong growth forecasts, and positive momentum [6] Group 7: Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.81% since 1988 [7][8] Group 8: Stock to Watch - Consolidated Edison - Consolidated Edison, Inc. (ED) is a diversified utility holding company based in New York, with a recent sale of its renewable energy business [11] - ED holds a 3 (Hold) rating on the Zacks Rank and has a VGM Score of B, with a Momentum Style Score of B and a 4.9% increase in share price over the past four weeks [12] - The Zacks Consensus Estimate for ED's earnings for fiscal 2025 has been revised upwards to $5.62 per share, with an average earnings surprise of +2% [12]

Core Viewpoint - Consolidated Edison (ED) is showing potential as a strong investment opportunity due to its recent technical indicators and positive earnings estimate revisions [1][2]. Technical Analysis - ED has recently reached a key level of support and has surpassed the 200-day moving average, indicating a long-term bullish trend [1]. - The 200-day simple moving average serves as a significant indicator for determining overall long-term market trends, acting as a support or resistance level [1]. Stock Performance - Over the past four weeks, ED's shares have increased by 6.6% [2]. - The current Zacks Rank for ED is 3 (Hold), suggesting the stock may continue to rise [2]. Earnings Estimates - There has been one upward revision in earnings estimates for the current fiscal year, with no downward revisions, indicating a positive outlook [2]. - The consensus estimate for earnings has also moved upward, reinforcing the bullish sentiment [2]. Investment Consideration - Given the positive technical indicators and earnings estimate revisions, ED should be considered for inclusion on investors' watchlists [3].

Core Insights - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the Top 15 Growth Stocks for Long-Term Investors [1] Company Overview - Consolidated Edison, Inc. provides electricity, gas, and steam services to approximately 3.7 million electric and 1.1 million gas customers in the New York City region, and operates the largest steam system in the United States [2] Growth Prospects - Analysts anticipate consistent earnings growth for Consolidated Edison, driven by new customer additions and regular rate increases, alongside the recovery of the US economy. The company expects an average annual rate base increase of over 8% through 2029, which is projected to lead to steady earnings improvement [3] - The regulated nature of the sector allows Consolidated Edison to periodically adjust its rates, ensuring stable and predictable revenue growth [3] Dividend Performance - Consolidated Edison has a strong track record of dividend growth, having never missed a dividend payment since 1885 and increasing its payouts for 51 consecutive years. The current quarterly dividend is $0.85 per share, with a dividend yield of 3.32% as of October 12 [4]

Group 1 - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the 12 most promising clean energy stocks by Wall Street analysts [1] - Evercore ISI initiated coverage of Consolidated Edison with an In Line rating and a price target of $106, noting the company's ability to offset future equity needs through the sale of its investment in the Mountain Valley Pipeline [2] - The regulatory environment in Consolidated's service areas and the upcoming New York City mayoral election prompted a neutral stance from analysts [2] - Morgan Stanley raised the price target for Consolidated Edison, highlighting the long-term advantages of nuclear energy that are currently underappreciated [2] Group 2 - Consolidated Edison has focused its power generation efforts solely in New York and is investing significantly in clean energy transmission, electrification, energy efficiency, electric vehicle infrastructure, and battery storage [3] - In the second quarter earnings report, Consolidated Edison posted earnings per share of $0.67, exceeding market estimates by $0.01 [3] - The company benefits from the New York State Public Service Commission's approval of 29 infrastructure projects worth $636 million, which will enable 642 MW of electrification upgrades [3]

Core Insights - Dividend Kings are companies that have increased their dividends for at least 50 consecutive years, making them reliable long-term investments [1][13] - Many Dividend Kings currently offer above-average dividend yields, providing investors with significant passive income opportunities [2] Group 1: Consolidated Edison - Consolidated Edison has a 51-year streak of annual dividend increases, the longest among utilities in the S&P 500 [4] - The company provides electricity, natural gas, and steam to New York City, benefiting from stable demand and regulated rates, which contribute to resilient cash flows [5] - Consolidated Edison plans to invest approximately $38 billion in capital projects through 2029 to enhance system reliability and reduce carbon emissions, supporting an annual utility rate base growth of over 8% [6] Group 2: PepsiCo - PepsiCo has increased its dividend for 53 consecutive years, with a 7.5% compound annual growth rate over the past 15 years [7] - The company invests over 5% of its annual revenue into capital projects to enhance productivity and drive growth, aiming for 4%-6% organic revenue growth annually [8] - PepsiCo has made strategic acquisitions, such as the $1.7 billion purchase of Poppi in 2025, to transform its portfolio towards healthier options, which supports continued dividend increases [9] Group 3: Federal Realty Investment Trust - Federal Realty Investment Trust has a 58-year history of increasing dividends, the longest in the REIT industry [10] - The REIT focuses on high-quality retail properties in affluent suburban markets, driving strong demand for retail space [11] - Federal Realty consistently invests in property improvements and strategically sells lower-quality assets to acquire better locations, positioning itself for ongoing dividend growth [12]