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Consolidated Edison Q4 2023 Earnings Report

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$99.68 +0.38 (+0.38%)
As of 09:34 AM Eastern
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Consolidated Edison EPS Results

Actual EPS
$1.00
Consensus EPS
$0.98
Beat/Miss
Beat by +$0.02
One Year Ago EPS
$0.81

Consolidated Edison Revenue Results

Actual Revenue
$3.44 billion
Expected Revenue
$3.70 billion
Beat/Miss
Missed by -$259.17 million
YoY Revenue Growth
-14.60%

Consolidated Edison Announcement Details

Quarter
Q4 2023
Time
After Market Closes
Conference Call Date
Thursday, February 15, 2024
Conference Call Time
7:00AM ET

Consolidated Edison Earnings Headlines

I was wrong about Trump
I made a mistake. A mistake I feel very foolish about. After speaking with Donald Trump and some of his advisors, I believed him. I believed the promise that he would finally confront the single most dangerous threat to American life. That he would fix the ticking time bomb I’ve been warning about for 15 years. But I was wrong.
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About Consolidated Edison

Consolidated Edison (NYSE:ED), Inc. (NYSE: ED) is one of the nation’s leading energy delivery companies, providing a reliable and safe supply of electricity, natural gas and steam to customers in New York City and Westchester, Orange and Rockland counties. The company’s core businesses include electricity transmission and distribution, gas distribution, and steam service, all of which are supported by a network of power generation facilities, substations and distribution lines designed to meet the needs of both residential and commercial customers.

Tracing its roots back to 1823 with the formation of the New York Gas Light Company, Consolidated Edison has evolved through a series of mergers and acquisitions to become a diversified energy utility. Over the decades, the company has expanded its infrastructure, embraced new technologies and navigated significant regulatory changes, all while maintaining a focus on continuous improvement and operational excellence.

Today, Con Edison serves more than 10 million people through its regulated utilities: Consolidated Edison Company of New York, Orange and Rockland Utilities, and Con Edison Transmission. Its electric business operates an extensive distribution network and multiple power plants, while its gas business delivers natural gas through an underground pipeline system that spans the metropolitan area. The steam business provides a clean, efficient heating solution to customers in Manhattan’s central business district, helping to reduce emissions and support urban development.

Under the leadership of President and CEO John McAvoy, Consolidated Edison is committed to modernizing its grid, enhancing customer service and advancing sustainability initiatives. The company is actively investing in smart grid technologies, energy efficiency programs and renewable energy integration to meet evolving environmental standards and support New York State’s clean energy goals, demonstrating a long-term dedication to reliability, affordability and environmental stewardship.

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