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Consolidated Edison, Inc.

NYSE•ED
CEO: Mr. Timothy P. Cawley
Sector: Utilities
Industry: Regulated Electric
Listing Date: 2001-02-15
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
Contact Information
4 Irving Place, New York, NY, 10003, United States
212-460-4600
www.conedison.com
Market Cap
$40.60B
P/E (TTM)
20.1
22.6
Dividend Yield
3.1%
52W High
$115.25
52W Low
$94.96
52W Range
86%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$4.00B+0.00%
4-Quarter Trend

EPS

$0.82+0.00%
4-Quarter Trend

FCF

$176.00M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Growth Con Edison net income $2.02B, up 11.2% from $1.82B in 2024, reflecting strong regulated utility performance.
Adjusted EPS Improvement Non-GAAP EPS reached $5.70 in 2025, showing 5.6% improvement over prior year results.
2026 Capital Plan Utilities estimate 2026 capital expenditures at $6.60B for energy delivery system upgrades and reinforcement.
Shareholder Return Focus Quarterly dividend declared at $0.8875 per share, supported by subsidiary distributions and stable earnings.

Risk Factors

Regulatory Asset Exposure Con Edison holds $5.70B in regulatory assets requiring recovery through future approved rate plans.
Environmental Liabilities CECONY estimates potential Superfund liability for MGP sites ranging up to $2.55B, subject to uncertainty.
Cybersecurity Threat Cybersecurity risk remains key enterprise focus; continuous monitoring protects critical infrastructure and data integrity investments.
Rate Plan Uncertainty Utilities face risks if rate plans do not provide reasonable recovery for costs or adequate return on equity.

Outlook

Long-Term CapEx Projection Total estimated capital expenditures project $8.60B for 2029, focusing on grid modernization through 2030.
Clean Energy Strategy CECONY projects $72B capital expenditures needed through 2034 to meet New York State decarbonization goals.
Affordability Expansion Enhanced Energy Affordability Program (EEAP) expansion planned for 2026, increasing budget to 3% of revenue.
MVP Sale Completion Con Edison Transmission expects final sale of remaining MVP interest during first half of 2026 for $357.5 million.

Peer Comparison

Revenue (TTM)

PCG stock ticker logoPCG
$24.94B
+2.1%
EXC stock ticker logoEXC
$24.26B
+5.3%
ED stock ticker logoED
$16.92B
+10.9%

Gross Margin (Latest Quarter)

PEG stock ticker logoPEG
171.1%
+0.8pp
CMS stock ticker logoCMS
127.9%
-13.3pp
FTS stock ticker logoFTS
72.1%
-43.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EXC$50.08B17.99.9%43.4%
XEL$49.20B24.59.4%43.0%
ETR$47.93B27.010.8%43.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-5.9%
Growth Under Pressure
4Q Net Income CAGR
-27.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026
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