CONSOLIDATED EDISON INC (ED): Results of Operations and Financial Condition
CONSOLIDATED EDISON INC (ED) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ed-20260630xexx991.htm EX-99.1 Document Exhibit 99.1 Media Relations Consolidated Edison, Inc. 212 460 4111 (24 hours) 4 Irving Place New York, NY 10003 www.conEdison.com FOR IMMEDIATE RELEASE Contact: Allan Drury August 6, 2026 212-460-4111 CON EDISON REPORTS 2026 SECO
How this was made
The 30-second read
Why it matters
Traders can update ED’s earnings model using the reported Q2 figures and the reaffirmed 2026 adjusted EPS guidance ($6.00 to $6.20). The filing also reiterates a multi-year capex and reliability plan (including 28 new substations by 2035), which can affect longer-dated expectations for regulated returns.
Market read
Fresh quarterly earnings plus explicit full-year adjusted EPS reaffirmation typically drives near-term positioning in regulated utilities and affects expectations for earnings durability.
What to watch
The release notes transaction costs and tax-equity accounting effects that are not determinable until year-end, which can create volatility around the guidance bridge and GAAP-to-non-GAAP reconciliation.
Background
This is an SEC 8-K with Exhibit 99.1 covering Con Edison’s 2026 second-quarter results and financial condition, including non-GAAP adjusted earnings and a reaffirmed full-year adjusted EPS range.
Ticker impact
Con Edison reported 2026 Q2 net income of $308 million ($0.83/share) and reaffirmed 2026 adjusted EPS guidance of $6.00 to $6.20.
Moderately positive bias for the next few sessions as traders digest the reaffirmed $6.00 to $6.20 adjusted EPS range and the capital plan.
The filing provides fresh quarterly results plus explicit full-year guidance, which typically drives utility earnings expectations and valuation multiples. The release also highlights ongoing capital investment and reliability spending, but the most actionable datapoint is the reaffirmed EPS range.
Market effects
Reinforces the regulated-utility narrative of stable, long-term returns supported by infrastructure capex and reliability investments.
Highlights New York grid resilience and affordability efforts, which can influence local rate-case and reliability expectations.
Limited direct global spillover; primarily impacts US regulated utility earnings expectations.
Counterpoint
Adjusted EPS excludes multiple items tied to the Mountain Valley Pipeline and Honeoye strategic alternatives review, so GAAP earnings quality and timing of excluded impacts could still disappoint.
Key entities
- companyConsolidated Edison, Inc.
NYSE-listed utility reporting 2026 Q2 results and reaffirming 2026 adjusted EPS guidance.
- business_interestMountain Valley Pipeline, LLC (MVP)
Equity interest subject to a strategic alternatives review; transaction costs and gains are excluded from adjusted EPS.
- business_interestHoneoye Storage Corporation (Honeoye)
Equity interest subject to strategic alternatives review; related transaction costs are excluded from adjusted EPS.