Exhibit 99.1 212 460 4111 (24 hours) 4 Irving Place Media Relations Consolidated Edison, Inc. New York, NY 10003 www.conEdison.com February 20, 2025 212-460-4111 FOR IMMEDIATE RELEASE Contact: Allan Drury CON EDISON REPORTS 2024 EARNINGS NEW YORK - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 net income for common stock of $1,820 million or $5.26 a share compared with $2,519 million or $7.25 a share in 2023. Adjusted earnings (non- GAAP) were $1,868 million or $5.40 a share in 2024 ...

Financial Performance - The gain on the sale of the Clean Energy Businesses for the year ended December 31, 2023, was $(865) million net of tax, reflecting a loss of $(2.49) per share[37]. - Reported net income for common stock on a GAAP basis was $1,820 million in 2024, down from $2,519 million in 2023, representing a decrease of approximately 27.7%[39]. - Adjusted earnings (Non-GAAP) increased to $1,868 million in 2024 from $1,762 million in 2023, reflecting a growth of about 6.0%[39]. - Reported earnings per share on a GAAP basis decreased to $5.26 in 2024 from $7.25 in 2023, a decline of approximately 27.5%[39]. - Adjusted earnings per share (Non-GAAP) rose to $5.40 in 2024, compared to $5.07 in 2023, indicating an increase of about 6.5%[39]. - The company recorded a pre-tax loss of $63 million related to the sale of the Clean Energy Businesses in 2024, compared to a pre-tax gain of $887 million in 2023[39]. - The effective income tax rate for 2024 was 24%, compared to 25% in 2023 and 31% in 2022[40]. - The net mark-to-market effects (net of tax) were $9 million in 2024, a significant improvement from a loss of $125 million in 2023[39]. - The HLBV effects (net of tax) were $3 million in 2024, compared to $8 million in 2023, showing a decrease of 62.5%[39]. Capital Expenditures and Financing - Con Edison plans to issue common equity of approximately $1,850 million in 2026 and up to $4,300 million in aggregate during 2027 through 2029[28]. - CECONY's capital expenditures for gas facilities were $11,830 million in 2024, up from $11,226 million in 2023[99]. - CECONY's total capital expenditures for 2024 were $4,728 million, an increase from $4,509 million in 2023 and $4,465 million in 2022, reflecting a growth of approximately 4.9% year-over-year[137]. - For the years 2025 through 2029, CECONY estimates total capital expenditures will reach $7,778 million in 2025, increasing to $9,223 million by 2028[141]. - Con Edison plans to issue up to $1,750 million of long-term debt in 2025 and up to $3,800 million in 2026, with a total of approximately $9,100 million planned for 2027 through 2029[155]. - As of December 31, 2024, CECONY's long-term debt totaled $23,650 million, with $21,900 million due after five years[145]. - The total long-term debt, including interest, amounted to $47,545 million, with $40,144 million due after five years[145]. - The NYSPSC authorized CECONY to issue up to $6,050 million of debt securities through 2027, of which $2,625 million had been issued as of December 31, 2024[156]. Customer and Market Operations - CECONY provides electric service to approximately 3.7 million customers across New York City and Westchester County, covering an area of about 660 square miles with a population exceeding 9 million[49]. - CECONY delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and most of Westchester County[50]. - CECONY operates the largest steam distribution system in the U.S., producing and delivering approximately 15,494 million pounds of steam annually to around 1,520 customers in parts of Manhattan[51]. - O&R provides electric service to approximately 0.3 million customers in southeastern New York and northern New Jersey, covering an area of about 1,300 square miles[53]. - In 2024, 58% of the electricity and 32% of the gas delivered by CECONY was purchased by customers from other suppliers[58]. Regulatory and Compliance - The NYSPSC regulates the Utilities, setting terms of service and rates, with the authority to impose penalties for violations of state utility laws[56]. - The NYSPSC approved CECONY's and O&R's emergency response plans in April 2024, with updated plans submitted for 2025[69]. - The Federal Energy Regulatory Commission (FERC) regulates the transmission and wholesale sales of electricity and natural gas, impacting the Utilities and Con Edison Transmission[72]. - The NYSPSC has mandated a target of 6,000 MW of energy storage deployment by 2030, with additional targets of 12,000 MW by 2040 and 17,000 MW by 2050[179]. Environmental and Sustainability Initiatives - The company emphasizes its mission to provide energy services safely and efficiently while improving community quality of life[23]. - CECONY's estimated Scope 1 GHG emissions for 2024 are 2.7 million metric tons, consistent with previous years[194]. - Con Edison has achieved a more than 55% reduction in direct GHG emissions from a 2005 baseline of 6.0 million metric tons[195]. - The Utilities billed customers clean energy fund surcharges of $277 million, $224 million, and $216 million in 2024, 2023, and 2022, respectively[197]. Infrastructure and Technology Development - The company is focusing on expanding its electric and gas facilities to meet growing demand, with plans for new infrastructure investments[41]. - CECONY's capitalized costs for utility plant, net of accumulated depreciation, for distribution facilities increased to $23,770 million in 2024 from $23,238 million in 2023[79]. - CECONY's electric generating facilities have a combined electric nameplate capacity of approximately 634 MW, with sufficient gas and fuel oil expected for 2025[83]. - CECONY's transmission facilities include 490 miles of overhead circuits and 760 miles of underground circuits, ensuring robust infrastructure for electricity delivery[81]. - CECONY's total distribution-level distributed generation (DG) capacity connected to the Utilities' systems increased to 1,085 MW in 2024, up from 924 MW in 2023, marking a 17.4% growth[77]. Future Outlook and Strategic Initiatives - Con Edison anticipates that the Utilities will continue to provide substantially all of its earnings over the next few years, supported by approved rate plans[24]. - Future outlook indicates a projected growth rate of 15% in electric operations for the next fiscal year[41]. - The company is investing in new technologies to enhance reliability and efficiency in electric supply, aiming for a 10% improvement in service delivery[41]. - Market expansion strategies include entering new geographic regions, targeting a 20% increase in market share over the next two years[41]. - The company is exploring potential acquisitions to bolster its gas operations, with a focus on enhancing service capabilities[41]. Legal and Liability Issues - CECONY's potential liability for the completion of site investigation and cleanup of known contamination on manufactured gas plant sites could range from $622 million to $2,432 million[205]. - CECONY's potential liability for the Astoria site cleanup is estimated to range from $278 million to $929 million[206]. - A lawsuit filed in October 2024 estimates total cleanup costs at the Gowanus Canal Superfund Site to exceed $1,000 million[211]. - CECONY is unable to estimate its total exposure to liability for the Gowanus Canal Superfund Site[212].

Core Viewpoint - Analysts expect Consolidated Edison (ED) to report quarterly earnings of $0.97 per share, reflecting a year-over-year decline of 3%, while revenues are projected to be $3.58 billion, an increase of 3.9% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.9%, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Operating revenues- Steam' to reach $149.18 million, indicating a year-over-year change of +3.6% [4][6]. - The consensus for 'Operating revenues- O&R- Gas' is $97.23 million, reflecting an increase of +18.6% from the year-ago quarter [5]. - 'Operating revenues- CECONY- Electric' is projected at $2.42 billion, showing a year-over-year change of +2.6% [5]. - 'Operating revenues- CECONY- Gas' is expected to be $688.37 million, suggesting a slight decline of -0.1% year over year [5]. - 'Operating revenues- CECONY- Steam' is also projected at $149.18 million, with a +3.6% change from the prior year [6]. - 'Operating revenues- O&R- Electric' is expected to reach $195.06 million, indicating a +14.1% year-over-year change [6]. - 'Operating revenues- Gas' is projected at $785.59 million, reflecting a +1.8% change from the previous year [7]. - 'Operating revenues- Electric' is expected to be $2.61 billion, indicating a +3.4% change from the prior year [7]. Stock Performance - Shares of Con Ed have returned +3.7% over the past month, compared to the Zacks S&P 500 composite's +4.9% change, with a Zacks Rank 3 (Hold), suggesting that ED is expected to mirror overall market performance in the near future [8].

After reaching an important support level, Consolidated Edison (ED) could be a good stock pick from a technical perspective. ED surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.Shares of ED ...

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2024 earnings on February 20, 2025 after the market closes.Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues for year-end 2023 and $69 billion in assets as of September 30, 2024. The company provides a wide range of energy-related products and services to its customers through the following subsidiarie ...

Core Insights - Consolidated Edison, Inc. is one of the largest investor-owned energy-delivery companies in the United States, with approximately $15 billion in annual revenues for year-end 2023 and $69 billion in assets as of September 30, 2024 [2]. Company Overview - The company operates through several subsidiaries, including: - Consolidated Edison Company of New York, Inc., which provides electric service in New York City and parts of Westchester County, gas service in Manhattan, the Bronx, parts of Queens, and parts of Westchester, as well as steam service in Manhattan [2]. - Orange and Rockland Utilities, Inc., serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey [2]. - Con Edison Transmission, Inc., which manages electric and gas assets through joint ventures and focuses on developing electric transmission projects for clean, renewable electricity in New York and the Northeast [2]. Investor Engagement - Executives from Consolidated Edison will meet with investors at conferences in January 2025, with an investor presentation available on the company's website [1].

NEW YORK, Dec. 3, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today announced the public offering of 7,000,000 of its common shares. In connection with the forward sale agreement described below, the forward counterparty (as defined below) has agreed to borrow from third parties and sell such shares to J.P. Morgan Securities LLC, which is acting as the underwriter in connection with the offering. The underwriter may offer the common shares in transactions on the New York Stock Exc ...

Group 1 - Consolidated Edison, Inc. is a monopoly utility provider for electrical and natural gas distribution in New York City [1] - The company's share price has decreased nearly 5% in the past month [1]

Core Insights - Consolidated Edison, Inc. reported third-quarter 2024 adjusted earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.56 by 7.7% and increasing 3.7% from $1.62 per share in the prior-year quarter [1][2] - The company's total operating revenues reached $4.09 billion, surpassing the Zacks Consensus Estimate of $4.02 billion by 1.9% and reflecting a 5.7% increase from $3.87 billion in the year-ago quarter, driven by higher gas and electric revenues [3][4] - Operating income for the third quarter rose 19.4% year over year to $862 million [6] Revenue Breakdown - Electric revenues totaled $3.67 billion, marking a 5.8% increase from $3.47 billion in the year-ago quarter [3] - Gas revenues amounted to $373 million, up 5.7% from $353 million in the prior-year quarter [4] - Steam revenues remained stable at $49 million, while non-utility revenues were consistent at $1 million [4] Operating Expenses - Total operating expenses increased 2.6% year over year to $3.23 billion, with other operations and maintenance expenses rising 5.7% [5] - Depreciation and amortization expenses increased by 7.4%, while taxes other than income taxes rose by 7% [5] - Purchase power costs decreased by 6.7%, fuel expenses dropped by 20.6%, and the cost of gas purchased for resale fell by 8.2% [5] Financial Position - As of September 30, 2024, cash and temporary cash investments were $0.09 billion, down from $1.19 billion at the end of 2023 [7] - Long-term debt increased to $23.44 billion from $21.93 billion at the end of 2023 [7] - Cash from operating activities amounted to $2.30 billion, compared to $1.18 billion in the prior year [7] Guidance - Consolidated Edison updated its 2024 guidance, now expecting adjusted earnings per share in the range of $5.30-$5.40, which is narrower than the previous guidance of $5.20-$5.40 [8] - The Zacks Consensus Estimate for earnings is set at $5.31 per share, slightly above the lower end of the new guided range [8] Market Position - Consolidated Edison currently holds a Zacks Rank 3 (Hold) [9]

Consolidated Edison (ED) reported $4.09 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.7%. EPS of $1.68 for the same period compares to $1.62 a year ago.The reported revenue represents a surprise of +1.85% over the Zacks Consensus Estimate of $4.02 billion. With the consensus EPS estimate being $1.56, the EPS surprise was +7.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...