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Consolidated Edison: Potential High-Single-Digit Returns With Low Risk
Seeking Alpha· 2024-11-13 21:30
Consolidated Edison, Inc. (NYSE: ED ) is a utility fixture, the monopoly holder of electrical and natural gas distribution in the country’s largest city, New York. In the past month, though, its share price has dipped nearly 5%.Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund invest ...
Consolidated Edison's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
ZACKS· 2024-11-08 22:51
公司业绩 - 公司2024年第三季度调整后每股收益为1.68美元超出Zacks共识预期7.7%且较上年同期增长3.7% [1] - 公司GAAP每股收益为1.70美元较2023年第三季度的1.53美元有所增长 [1] - 公司总营业收入为40.9亿美元超出Zacks共识预期1.9%较上年同期增长5.7% [3] - 公司电力收入为36.7亿美元较上年同期增长5.8% [3] - 公司天然气收入为3.73亿美元较上年同期增长5.7% [4] - 公司蒸汽收入与上年同期的4900万美元持平非公用事业收入与上年同期的100万美元持平 [4] - 公司总运营费用同比增长2.6%至32.3亿美元 [5] - 公司运营收入同比增长19.4%至8.62亿美元 [6] - 公司2024年调整后每股收益预期为5.30 - 5.40美元 [8] 财务状况 - 截至2024年9月30日公司现金和临时现金投资为0.09亿美元较2023年12月31日的1.19亿美元减少 [7] - 截至2024年9月30日公司长期债务为234.4亿美元较2023年底的219.3亿美元增加 [7] - 截至2024年9月30日公司经营活动现金为23亿美元较上年的11.8亿美元增加 [7] 同行业其他公司业绩 - 爱迪生国际2024年第三季度调整后每股收益为1.51美元超出Zacks共识预期8.6%较上年同期增长9.4% [10] - 爱迪生国际运营收入为52亿美元超出共识预期9.4%较上年同期增长10.6% [10] - 第一能源2024年第三季度运营每股收益为0.85美元低于Zacks共识预期6.6%较上年同期下降3.4% [11] - 第一能源运营收入为37.3亿美元低于共识预期6.4%较上年同期增长6.9% [11] - 中心能源2024年第三季度调整后每股收益为0.31美元低于Zacks共识预期13.9%较上年同期下降22.5% [12] - 中心能源收入为18.6亿美元低于共识预期1.2%较上年同期下降0.2% [12]
Here's What Key Metrics Tell Us About Con Ed (ED) Q3 Earnings
ZACKS· 2024-11-08 09:36
Consolidated Edison (ED) reported $4.09 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.7%. EPS of $1.68 for the same period compares to $1.62 a year ago.The reported revenue represents a surprise of +1.85% over the Zacks Consensus Estimate of $4.02 billion. With the consensus EPS estimate being $1.56, the EPS surprise was +7.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...
Con Edison(ED) - 2024 Q3 - Quarterly Results
2024-11-08 05:45
Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Allan Drury November 7, 2024 212-460-4111 Media Relations Consolidated Edison, Inc. 212 460 4111 (24 hours) 4 Irving Place New York, NY 10003 www.conEdison.com CON EDISON REPORTS 2024 THIRD QUARTER EARNINGS NEW YORK - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 third quarter net income for common stock of $588 million or $1.70 a share compared with $526 million or $1.53 a share in the 2023 third quarter. Adjusted earnings (non-GAAP) were ...
Con Edison(ED) - 2024 Q3 - Quarterly Report
2024-11-08 05:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | --- | |--------------------------|------------------------------------------------------------------------------------------------------------ ...
Analysts Estimate Consolidated Edison (ED) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-31 23:07
Wall Street expects a year-over-year decline in earnings on higher revenues when Consolidated Edison (ED) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are better ...
Con Edison to Report 3rd Quarter 2024 Earnings on November 7
Prnewswire· 2024-10-24 04:30
NEW YORK, Oct. 23, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 3rd Quarter 2024 earnings on November 7, 2024 after the market closes.Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues for year-end 2023 and $68 billion in assets as of June 30, 2024. The company provides a wide range of energy-related products and services to its customers through the following subsi ...
Consolidated Edison, Inc. (ED) Consolidated Edison Clean Energy Webinar (Transcript)
2024-10-09 02:43
会议主要讨论的核心内容 公司概况 [5][6][7] - 公司是纽约最大的投资者拥有型公司之一,提供电力、天然气和蒸汽服务 - 公司拥有200多年历史,是纽约证券交易所上市时间最长的公司之一 - 公司文化包括安全、卓越运营、客户服务、多元化和股东利益等 可靠性和韧性 [8][9][10] - 公司电网系统可靠性是全美最高,典型客户每9年停电一次 - 公司正在扩大和现代化电网,以适应可再生能源和增加的电力需求 - 公司正在提高电网的可靠性和抗灾能力 清洁能源转型 [11][12][13][14] - 公司制定了五大支柱的清洁能源承诺,包括建设未来电网、帮助客户实现气候目标、重塑天然气系统、减少自身碳足迹、与利益相关方合作 - 公司正在采取多种措施,如投资输电线路、储能、可再生能源等,推动清洁能源转型 政策法规 [17][18][19][20][21][22][23][24] - 纽约州和纽约市制定了非常雄心勃勃的气候目标,要求到2040年实现零排放电网 - 纽约市出台了限制新建筑使用化石燃料的法规,并要求现有大型建筑物提高能效和减排 - 公司的清洁能源承诺与州市政策目标一致,需要各方通力合作才能实现 电网规划和投资 [25][26][27][28][29][30][32][35] - 公司预测电力需求将大幅增加,电网峰值负荷可能增加50%-100% - 公司将大幅增加电网基础设施投资,包括新建变电站、输电线路升级等 - 公司正在研发新技术,如热泵、储能等,以支持电网转型 天然气系统转型 [51][52][53][54] - 随着建筑物和交通电气化,天然气需求将逐步下降,公司需要重塑天然气系统 - 公司将寻求监管和政策支持,以确保天然气系统的安全可靠运营 蒸汽系统去碳化 [55][56][57] - 蒸汽系统是公司最大的碳排放源,公司计划在2040年前实现零直接排放 - 公司正在进行一系列示范项目,如利用工业热泵和废热回收等技术去碳化蒸汽系统 客户支持和参与 [41][42][43][44][45][46][47][48][49] - 公司大力支持电动车和电动供暖的推广,并提供相关基础设施和补贴 - 公司还通过能效项目帮助客户降低能耗和排放,并为低收入客户提供支持 - 公司与客户合作,共同推进清洁能源转型 人才和社区 [60][61][62][63][64][65][66] - 公司大量招聘新员工,并提供培训,以支持清洁能源转型 - 公司注重多元化和包容性,与社区和弱势群体合作,确保转型的公平性 - 公司是纽约市最大的纳税企业之一,为当地经济发展做出重要贡献 财务和投资 [68][69][70][71][72][73][74][77][78] - 公司将在未来5年内投资280亿美元,用于安全可靠性、气候韧性和清洁能源 - 公司拥有健康的财务状况,维持良好的监管环境和资本结构 - 公司为投资者提供稳定的股息增长和可靠的投资价值 问答环节重要的提问和回答 1. 关于Idlewild变电站项目 [81][82] - 该项目是一个12亿美元的投资,用于满足机场、公交和社区电气化带来的需求增长 - 公司与小型和少数族裔企业合作,确保项目带来的经济效益惠及当地社区 2. 关于纽约市公共政策输电需求招标 [84][85][86] - 该招标旨在为纽约州9GW海上风电提供输电通道 - 公司通过New York Transco参与了该招标,提供4.7-8GW的输电方案 - 该项目将补充公司已在建的PROPEL输电项目,进一步促进可再生能源接入
Surging utility stocks primed for more gains as energy costs fall and interest rates ease - Ed Butowsky
KITCO· 2024-10-09 01:02
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance. Jeremy began his career in 2006 as a Journalist at CTV (Canada's largest network), initially engaging audiences as an entertainment reporter before pivoting to business reporting focusing on mining and small-caps. His macro-financial and market trends analysis made him a sought-after commentator on CTV Morning ...
CON EDISON TO WEBCAST CLEAN ENERGY FUTURE PRESENTATION ON OCTOBER 8
Prnewswire· 2024-09-17 04:00
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (NYSE: ED) will make a clean energy presentation from 9 a.m. to 10 a.m. Eastern Time on Tuesday, October 8, 2024. Con Edison's corporate leadership team, led by Chairman and CEO Timothy Cawley, will discuss Con Edison's strategy to help New York State achieve its environmental goals, which the company supports. The team will also discuss environmental, social and governance practices. The presentation will be followed by a questionand-answer ...