Con Edison(US:ED) ZACKSยท2025-08-08 15:10Core Insights - Consolidated Edison, Inc. (ED) reported second-quarter 2025 adjusted earnings of 67 cents per share, exceeding the Zacks Consensus Estimate of 66 cents by 1.5% and improving 13.6% from 59 cents in the prior-year quarter [1][9] - Total operating revenues for the quarter reached $3.60 billion, surpassing the Zacks Consensus Estimate of $3.39 billion by 6.2% and increasing 11.6% from $3.22 billion in the year-ago quarter [3][9] Revenue Breakdown - Electric revenues totaled $2.78 billion, an increase of 8.9% from $2.55 billion in the prior-year quarter [3] - Gas revenues amounted to $711 million, surging 22.2% from $582 million in the year-ago quarter [4] - Steam revenues reached $106 million, rising 20.5% from $88 million in the prior-year quarter [4] - Non-utility revenues were $1 million, compared to none in the year-earlier quarter [4] Operating Performance - Total operating expenses increased 11.7% year over year to $3.24 billion [5] - Operating income for the second quarter rose 10.9% year over year to $355 million [6] Financial Position - Cash and temporary cash investments as of June 30, 2025, were $1.51 billion, up from $1.32 billion as of December 31, 2024 [7] - Long-term debt stood at $24.66 billion as of June 30, 2025, slightly up from $24.65 billion at the end of 2024 [7] - Cash from operating activities for the first six months of 2025 was $2.82 billion, compared to $1.91 billion in the prior year [7] Guidance - Consolidated Edison reaffirmed its 2025 EPS guidance in the range of $5.50-$5.70, aligning with the prior forecast [10]