#United States #New York #Con Edison #energy investments #2025 Earnings

Con Edison Reports 2025 Earnings

Consolidated Edison, Inc. (Con Edison) has announced impressive earnings for the fiscal year 2025, revealing a net income of $2,023 million or $5.66 per share. This marks a significant increase from the previous year's net income of $1,820 million or $5.26 per share in 2024. Moreover, the adjusted earnings, which are calculated on a non-GAAP basis, show a rise to $2,038 million or $5.70 per share, compared to $1,868 million or $5.40 for 2024. These adjustments do not include certain impactful financial considerations such as impairment losses and transaction costs associated with strategic reviews of its investments in energy projects.

In the fourth quarter of 2025, Con Edison reported a net income of $297 million, amounting to $0.82 per share, slightly down from $310 million or $0.90 per share in the same quarter of 2024. The adjusted earnings for this quarter were $320 million or $0.89 a share, again reflecting slight declines compared to the previous year's quarter. It is worth noting that these figures exclude the impacts of investment losses and costs tied to strategic evaluations, further emphasizing the company's core financial performance.

Tim Cawley, Chairman and CEO of Con Edison, expressed his satisfaction with these results, stating, "Our performance in 2025 reflects the durability of our regulated businesses while creating significant value through thoughtful and forward-looking investments." Cawley further highlighted the ongoing demand for a modern, resilient power infrastructure as customers increasingly electrify their homes and vehicles.

The positive financial outcomes are attributed to Con Edison's commitment to investing in essential infrastructure upgrades that support the energy transition. Cawley emphasized that maintaining cost discipline while prioritizing impactful capital projects is crucial for the region's economic growth. The company's determination to make energy more accessible and affordable aligns with its overarching goal of enabling broader economic participation across the area.

Additionally, Kirk Andrews, Senior Vice President and CFO, noted, "We are proud to have registered our non-GAAP adjusted EPS at the higher end of our guidance range while increasing our dividend for the 52nd consecutive year." Reflecting on the recent approval of investment plans for its New York operations, Andrews communicated optimism, citing expectations for continued growth in the coming years. The firm anticipates adjusted earnings per share of $6.00 to $6.20 for 2026, reflecting a compounded annual growth rate of 6 to 7 percent for the next five years.

To support its capital requirements, Con Edison plans to make sizable investments amounting to $6.595 billion and $6.759 billion in 2026 and 2027, respectively. Furthermore, it estimates an aggregate of $24.339 billion in capital investments between 2028 and 2030. The financing strategy incorporates long-term debt issuance, along with equity funding, including an at-the-market equity program.

Con Edison has outlined a detailed financial roadmap to ensure that substantial investments in energy infrastructure will fortify its service capabilities for years to come. This strategic foresight positions Con Edison not just for growth but also provides the necessary resources to meet the increasing energy demands of a thriving metropolitan area. The company’s ability to adapt and respond to the changing energy landscape will be pivotal for its future successes.

In conclusion, the solid earnings report for 2025 solidifies Con Edison’s role as a formidable player within the energy sector, ensuring ongoing enhancements to its operational framework while catering to the needs of its underserved customers. The scope of Con Edison's financial strategy continues to reflect its historic reputation for reliability and customer service excellence, paving the way for a clean, modern energy future.