Con Edison posts Q3 2026 net income of $766 million and narrows full‑year EPS guidance
Consolidated Edison reported third‑quarter 2026 net income of $766 million, or $2.07 a share, up from $688 million ($1.91 a share) a year earlier. The utility also posted adjusted earnings of $766 million ($2.07 a share) for the quarter. It narrowed its 2026 adjusted EPS outlook to $6.05‑$6.15 per share, tightening the prior $6.00‑$6.20 range, and announced a $797 million climate‑resilience investment plan through 2030.
Why it matters
The narrowed full‑year EPS guidance gives investors a clearer earnings target for the year, potentially reducing valuation uncertainty. The announced $797 million climate‑resilience spend signals continued capital allocation to infrastructure, which may affect future cash flows and rate cases.
Key facts
- 1Q3 2026 net income was $766 million, or $2.07 per share, versus $688 million ($1.91 per share) in Q3 2025. tradingview.com
- 2Adjusted (non‑GAAP) earnings for the quarter were $766 million, or $2.07 per share, compared with $686 million ($1.90 per share) in Q3 2025. prnewswire.com
- 3Nine‑month net income rose to $1,998 million, or $5.44 per share, from $1,726 million ($4.84 per share) a year earlier. prnewswire.com
- 4Adjusted nine‑month earnings were $1,864 million, or $5.08 per share, versus $1,718 million ($4.82 per share) in the prior year. prnewswire.com
- 5Full‑year adjusted EPS guidance was narrowed to $6.05‑$6.15 per share, from the previous $6.00‑$6.20 range. prnewswire.com
- 6Con Edison plans to invest approximately $797 million in climate‑resilience projects from 2026 through 2030. prnewswire.com
Open questions
- Yahoo Finance reports Q3 EPS of $2.06 per share, while TradingView, PR Newswire and the SEC filing state $2.07 per share (conflict on the same GAAP basis).
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.