Consolidated Edison (ED) is scheduled to release its first-quarter 2024 results on May 2 after market close. The company delivered an earnings surprise of 2.04% in the last reported quarter.The company holds a four-quarter average earnings surprise of 5.68%.  Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at PlayThe majority of Consolidated Edison’s service territories witnessed a warmer-than-normal temperature pattern during the January-March 2024 quarte ...

NEW YORK, April 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 83 cents a share on its common stock, payable June 14, 2024 to stockholders of record as of May 15, 2024. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $66 billion in assets. The company provides a wide range of energy-related products and services to its customers through the fol ...

NEW YORK, April 11, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 1st Quarter 2024 earnings on May 2, 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 and $66 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of N ...

NEW YORK, March 20, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) Chairman & CEO Tim Cawley will meet with investors in Europe during the week of March 25 to 28, 2024. As part of the meetings, management will discuss its recent Q4 and FY 2023 financial results and business strategy, including Con Edison's clean energy future. A copy of Con Edison's latest investor presentation for these meetings can be found on the Presentations & Webcasts page of the Company's Investor Relations ...

公司业务 - Consolidated Edison (NYSE:ED)是一家在纽约为约400万人分配和提供电力、天然气和蒸汽能源的公用事业公司[1] - 公司开始在其服务区域的各种停车场安装电动汽车充电站，计划到2025年底拥有21k Level 2插座和528快速充电插座[3] 公司财务 - 公司去年花费10亿美元回购股票，但对股息可能影响不大，因为这几年公司的总股数几乎没有减少[10] - 公司目前负债约221.7亿美元，股本约211.5亿美元，大部分债务和股本都集中在公司的CECONY业务部门[10] - 公司的估值大致平均，与同行业平均水平相当，既不便宜也不昂贵[12]

公司业绩 - 2023年第四季度调整后每股收益为1美元，超出了分析师预期的98美分[2] - 2023年全年，公司调整后每股收益为5.07美元，较2022年的4.57美元有所增长[3] - 2023年第四季度总收入为34.44亿美元，较去年同期的40.31亿美元下降了14.6%[4] - 2023年第四季度电力收入基本持平，天然气收入下降了13.5%[5] - 2023年第四季度运营支出较去年同期下降了14%，燃料支出下降了59.4%[7] 财务状况 - 2023年末，现金及临时现金投资为11.89亿美元，长期债务为219.27亿美元[9] 未来展望 - 公司预计2024年调整后每股收益在5.20-5.40美元之间，未来五年复合年增长率为5-7%[11] 市场评级 - 公司目前被评为Zacks Rank 2 (Buy)[14]

For the quarter ended December 2023, Consolidated Edison (ED) reported revenue of $3.44 billion, down 14.6% over the same period last year. EPS came in at $1.00, compared to $0.81 in the year-ago quarter.The reported revenue represents a surprise of -8.02% over the Zacks Consensus Estimate of $3.74 billion. With the consensus EPS estimate being $0.98, the EPS surprise was +2.04%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Consolidated Edison (ED) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.04%. A quarter ago, it was expected that this utility would post earnings of $1.58 per share when it actually produced earnings of $1.62, delivering a surprise of 2.53%.Over the last four quarters, the company has ...

财务表现 - Con Edison在2023年报告了普通股的净收入为25.19亿美元，每股7.25美元，较2022年的16.6亿美元或每股4.68美元有所增长[1] - 2023年调整后的盈利（非GAAP）为17.62亿美元，每股5.07美元，较2022年的16.2亿美元或每股4.57美元有所增长[2] - Con Edison预计2024年调整后的每股盈利将在5.20至5.40美元之间，并计划在2024至2028年间进行大量资本投资[5] 税务情况 - 2023年12月31日，公司的所得税金额是根据联邦和州综合所得税率分别为29%和25%计算的[19][20] 营业收入 - 2023年12月31日，公司的营业收入为3,444万美元，较上一年的4,031万美元有所下降[21] 业务变动 - 2023年公司完成了清洁能源业务的股权出售，因此2023年的财务结果反映了截至2月的两个月的情况[24]

财务表现 - Con Edison 2023年净收入为25.19亿美元，每股收益为7.25美元，较2022年的16.6亿美元和4.68美元有显著增长[16][16] - 2023年，公司报告的净收入为25.19亿美元，每股收益为7.25美元[16] - 2023年调整后的盈利为17.62亿美元，每股收益为5.07美元[16] 投资计划 - 2023年，Utilities投资43.79亿美元用于升级和加固能源输送系统，Con Edison Transmission投资4900万美元主要用于电力输送[17] - Con Edison计划通过内部资金和长期债务发行满足2024至2028年的资本需求，2024年计划发行长期债务32.5亿美元，2025年计划发行长期债务10亿美元[18] - 2023年，公司计划通过内部资金和长期债务发行来满足2024至2028年的资本需求[18] - 2023年，公司计划在2024年发行长期债务高达32.5亿美元，2025年发行长期债务高达10亿美元[18] - 2023年，公司计划在2025年发行约13亿美元的普通股，2026至2028年发行总计约28亿美元的普通股[18] 业务发展 - 2023年3月，Con Edison完成了Con Edison Clean Energy Businesses, Inc.的股权出售[20] - 2023年6月，纽约独立系统运营商选择了Propel NY Energy传输项目，Con Edison Transmission持有41.7%的股权[21] - 2023年第二季度，New York Transco的New York Energy Solution项目建设完成，Con Edison Transmission持有45.7%的股权[22] - CECONY获得NYSPSC批准，授权并批准其在皇后区建设两个新变电站，项目估计成本为12亿美元，预计2028年5月投入使用[27] 行业监管 - 2023年7月，纽约州公共服务委员会批准了CECONY的电力和天然气费率计划[23] - 2023年11月，纽约州公共服务委员会批准了CECONY和O&R的气体系统气候变化保护长期投资计划[25] - O&R已向NYSPSC申请电力和天然气费率提高，分别为1810万美元和1.44亿美元，生效日期为2025年1月[26] - NYSPSC继续对公用事业公司进行关于所得税会计的重点运营审计，调查与计算总联邦所得税费用有关的部分低估问题[28] 投资损失 - Con Edison Transmission对Stagecoach Gas Services LLC的部分减值投资认定损失[44] - Con Edison Transmission对Honeoye Storage Corporation的商誉减值投资认定损失[44] - Con Edison Transmission对Mountain Valley Pipeline, LLC的部分减值投资认定损失[45]