Prnewswire·2025-11-06 21:36Financial 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]