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Con Edison Reports Q3 2025 Earnings

On November 6, 2025, Consolidated Edison, Inc. (Con Edison) disclosed impressive financial results for the third quarter of the year, reporting a net income of $688 million or $1.91 per share. This marks an increase from the previous year's third quarter, which showed a net income of $588 million or $1.70 per share. Adjusted earnings for this period were recorded at $686 million, equivalent to $1.90 per share, compared to $583 million or $1.68 per share in the same quarter of 2024.

In the year-to-date results for 2025, Con Edison achieved a net income for the first nine months amounting to $1,726 million, thereby translating to $4.84 per share, up from $1,510 million or $4.37 per share reported in the first nine months of 2024. The adjusted earnings in this timeframe were $1,718 million or $4.82 per share, indicating a positive trend compared to $1,528 million or $4.42 in 2024.

Tim Cawley, Chairman and CEO of Con Edison, emphasized the company's commitment to providing a safe and resilient energy grid for New Yorkers. He highlighted a Joint Settlement Agreement that outlines a three-year investment plan aimed at enhancing critical infrastructure, all while prioritizing affordability and reliability. Cawley also referenced significant projects in progress, including New York's first all-electric skyscraper and improvements at JFK Airport, showcasing the rising demand for reliable energy solutions.

Kirk Andrews, Senior Vice President and CFO, reiterated the company's strategy, outlining plans for extensive construction and upgrade projects which include 14 new substations and strengthened storm resiliency measures, all projected for completion by 2030. This robust infrastructure investment strategy is poised to ensure continuous enhancement in service reliability as energy needs grow.

For the entire year of 2025, Con Edison forecasts its adjusted earnings per share (non-GAAP) to range between $5.60 and $5.70. This reflects an upward revision from a prior estimate of between $5.50 and $5.70.

Con Edison’s consistent financial performance highlights a disciplined approach to operations coupled with robust customer demand for energy, particularly in heating and transportation electrification sectors. This emphasis on clean energy transition aligns with New York's environmental goals, marking a significant step forward for the industry.

Investors are encouraged by Con Edison's strong balance sheet and revenue predictability, making it an appealing choice within the investment landscape. The company’s commitment to meeting the increasing energy demands through large-scale infrastructure projects ensures that it will continue to maintain its reputation for reliability while offering sustainable financial returns.

The comprehensive earnings release can be accessed on Con Edison’s investor relations page, which includes a detailed financial report and relevant supporting documents. These updates not only convey the company's current fiscal health but also underscore its future outlook and strategic direction in a rapidly evolving energy sector.

As Con Edison advances through these projects and addresses climate considerations, it sets a benchmark for utility companies striving to integrate clean energy solutions while balancing economic responsibilities. This performance not only strengthens investor relations but also cements the company's role in leading New York toward a more sustainable energy future.