European Investor
06 Nov 2026, 09:30
Con Edison Q3 Earnings Rise as 2026 EPS Outlook Narrows
Consolidated Edison (NYSE: ED) reported higher third-quarter earnings as regulated utility operations continued to support steady profit growth.
Third-quarter net income increased to $766 million, or $2.07 per share, from $688 million, or $1.91 per share, a year earlier. Adjusted EPS also rose to $2.07 from $1.90.
For the first nine months of 2026, adjusted earnings increased to $1.86 billion, or $5.08 per share, compared with $1.72 billion, or $4.82 per share, in the prior-year period.
Con Edison now expects full-year adjusted EPS of $6.05-$6.15, narrowing its previous guidance range of $6.00-$6.20.
The company also reiterated plans to invest heavily in grid modernization and resilience, including approximately $797 million in climate-related investments through 2030.
The results point to continued earnings growth from Con Edison’s regulated utility base, while the narrower guidance range provides greater visibility into full-year performance.
Consolidated Edison (NYSE: ED) reported higher third-quarter earnings as regulated utility operations continued to support steady profit growth.
Third-quarter net income increased to $766 million, or $2.07 per share, from $688 million, or $1.91 per share, a year earlier. Adjusted EPS also rose to $2.07 from $1.90.
For the first nine months of 2026, adjusted earnings increased to $1.86 billion, or $5.08 per share, compared with $1.72 billion, or $4.82 per share, in the prior-year period.
Con Edison now expects full-year adjusted EPS of $6.05-$6.15, narrowing its previous guidance range of $6.00-$6.20.
The company also reiterated plans to invest heavily in grid modernization and resilience, including approximately $797 million in climate-related investments through 2030.
The results point to continued earnings growth from Con Edison’s regulated utility base, while the narrower guidance range provides greater visibility into full-year performance.
