Con Edison(US:ED)2025-05-01 20:41Financial Performance - Consolidated Edison reported Q1 2025 net income of $791 million, or $2.26 per share, compared to $720 million, or $2.08 per share in Q1 2024, representing a 9.86% increase in net income and an 8.65% increase in earnings per share [1]. - Adjusted earnings for Q1 2025 were $792 million, or $2.26 per share, up from $742 million, or $2.15 per share in Q1 2024, indicating a 6.75% increase in adjusted earnings [1][3]. - The company reported a total of $15 billion in annual revenues for the year ended December 31, 2024, and $71 billion in assets as of March 31, 2025 [8]. - The financial results for Q1 2025 provide a solid foundation for the year, with a focus on operational and financial objectives [2]. - The company experienced a total reported net income increase of $71 million, or $0.18 per share, compared to the previous year, with various factors contributing to this change [15]. Capital Investments and Guidance - The company anticipates nearly $72 billion in capital investments over the next 10 years to enhance grid security and support the clean energy transition [2]. - Consolidated Edison reaffirmed its adjusted earnings per share guidance for 2025 to be in the range of $5.50 to $5.70, excluding certain impacts from equity investments and strategic evaluations [2]. - The issuance of over $1.3 billion in new common equity during Q1 2025 satisfies the company's anticipated equity needs for the year [2]. Infrastructure and Reliability - Consolidated Edison continues to invest in infrastructure to maintain reliability and meet the growing demand for energy, particularly for heating and transportation [2]. Risks and Challenges - The company is subject to various risks, including regulatory changes, environmental consequences, and market disruptions, which could impact future performance [6].