Consolidated Edison 2025 Q2 Earnings Strong Performance as Net Income Surges 21.8%

Consolidated Edison reported its fiscal 2025 Q2 earnings on Aug 08th, 2025. The results surpassed expectations with significant revenue and earnings growth. The company reaffirmed its 2025 adjusted earnings per share guidance and emphasized continued strategic investments.

The total revenue of Consolidated Edison increased by 11.6% to $3.60 billion in 2025 Q2, up from $3.22 billion in the same period last year. The electric segment generated the largest share of the revenue, with $2.78 billion, followed by the gas segment, which contributed $711 million. The steam segment accounted for $106 million, while the non-utility segment brought in $1 million. Collectively, these segments totaled $3.60 billion in operating revenues.

Consolidated Edison's earnings per share rose 17.2% to $0.68 in 2025 Q2, compared to $0.58 in 2024 Q2. The company's net income also climbed 21.8% to $246 million, from $202 million in the prior year period. This performance highlights the company’s ability to maintain profitability for over two decades during the same quarter, reflecting its operational strength. The earnings results were robust and aligned with the company’s guidance, marking a positive quarter.

The stock price of Consolidated Edison edged down 1.58% during the latest trading day. However, it recorded a modest 0.04% increase during the most recent full trading week and a 4.51% rise month-to-date.

The strategy of buying ED when earnings beat expectations and selling after 30 days delivered a 7.30% return, although this underperformed the benchmark return of 47.98%. The strategy had a maximum drawdown of 0.00%, a Sharpe ratio of 0.18, and a volatility of 9.61%.

Tim Cawley, chairman and CEO of Con Edison, highlighted the company’s disciplined infrastructure investments to maintain reliability and grid resilience amid extreme weather conditions. He also emphasized opportunities from building electrification and electric vehicle adoption, expressing optimism about the company’s future. Cawley noted the completion of major transmission projects in Brooklyn and Staten Island, underscoring their role in supporting long-term reliability and investor returns. He also highlighted the approval of $440 million in electrification projects as evidence of regulatory and strategic alignment with clean energy goals.

Con Edison reaffirmed its 2025 adjusted earnings per share guidance of $5.50 to $5.70. The range excludes after-tax impacts of MVP basis difference accretion (approximately $(0.03)/share), HLBV accounting, and adjustments related to the Clean Energy Businesses sale. The company noted it cannot provide equivalent GAAP figures until year-end due to ongoing strategic evaluations.

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