Consolidated Edison (NYSE:ED) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Key Points

• Consolidated Edison beat quarterly expectations: EPS was $0.83 versus the $0.76 consensus, while revenue reached $4.07 billion compared with estimates of $3.60 billion. EPS rose from $0.67 in the year-earlier quarter.
• Management maintained its 2026 EPS guidance of $6.00–$6.20, while stronger power demand and growth in electric and gas rate bases helped drive a 25% increase in net income to $308 million.
• Shares slipped 0.8% to $108.03 after the report. The company declared a quarterly dividend of $0.8875, equivalent to a $3.55 annualized payout and a 3.3% yield, while analysts’ consensus rating remains “Reduce.”

Consolidated Edison (NYSE:ED - Get Free Report) announced its quarterly earnings data on Thursday. The utilities provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.07, FiscalAI reports. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. Consolidated Edison had a return on equity of 8.53% and a net margin of 12.53%.During the same quarter in the previous year, the business earned $0.67 earnings per share. Consolidated Edison updated its FY 2026 guidance to 6.000-6.200 EPS.

Consolidated Edison Trading Down 0.8%

Shares of Consolidated Edison stock traded down $0.92 during trading hours on Friday, hitting $108.03. The company's stock had a trading volume of 2,160,879 shares, compared to its average volume of 2,212,994. The business has a fifty day moving average of $109.47 and a 200 day moving average of $109.66. Consolidated Edison has a 1-year low of $94.96 and a 1-year high of $116.23. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $39.81 billion, a PE ratio of 17.74, a P/E/G ratio of 2.83 and a beta of 0.27.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison's dividend payout ratio is presently 59.76%.

Key Consolidated Edison News

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Second-quarter adjusted and reported EPS reached $0.83, well above analysts’ estimates of roughly $0.74–$0.76 and up from $0.67 a year earlier. Revenue rose to $4.07 billion, exceeding the $3.60 billion consensus estimate. Consolidated Edison Q2 Earnings Top Estimates, Revenues Rise Y/Y
• Positive Sentiment: Net income increased 25% to $308 million from $246 million, helped by robust power demand and growth in the electric and gas rate bases. The results indicate that regulated rate recovery and higher usage are supporting earnings. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: Management maintained its 2026 EPS outlook of $6.00–$6.20 and reaffirmed its investment plans, providing continued visibility into earnings and capital spending. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Wells Fargo raised its price target from $106 to $108 but retained an Equal Weight rating, signaling limited near-term upside after the earnings release. Wells Fargo price target update
• Negative Sentiment: Despite the quarterly beat, Consolidated Edison did not increase its full-year guidance. Investors may also remain cautious about the utility’s valuation, interest-rate sensitivity, and debt-funded investment requirements, which can limit enthusiasm for the shares.

Wall Street Analysts Forecast Growth

ED has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of Consolidated Edison in a research report on Tuesday, July 21st. Barclays decreased their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating on the stock in a research report on Friday. Evercore set a $116.00 target price on shares of Consolidated Edison in a report on Monday, May 11th. Finally, KeyCorp dropped their price target on shares of Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $109.07.

Institutional Trading of Consolidated Edison

Several large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in Consolidated Edison by 121,543.9% during the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider's stock valued at $599,155,000 after buying an additional 5,955,653 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Consolidated Edison by 104.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider's stock worth $190,530,000 after acquiring an additional 974,419 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Consolidated Edison by 94.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider's stock worth $191,478,000 after acquiring an additional 926,716 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Consolidated Edison in the 4th quarter valued at approximately $89,005,000. Finally, State Street Corp increased its holdings in shares of Consolidated Edison by 3.6% in the 4th quarter. State Street Corp now owns 24,905,440 shares of the utilities provider's stock valued at $2,473,608,000 after acquiring an additional 854,868 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison Company Profile

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.

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