ED 10-Q Quarterly Reports

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported solid financial results for the second quarter ended June 30, 2026. Net income for common stock increased to $308 million, or $0.83 per share, up from $246 million, or $0.68 per share, in the prior year period. This growth was primarily driven by higher electric and gas rate bases and improved operational efficiencies within CECONY, alongside a notable gain from the sale of an equity interest in Mountain Valley Pipeline, LLC (MVP) contributing to the consolidated results. The company continues to invest in its regulated utility and electric transmission assets, emphasizing reliability, resilience, and clean energy initiatives. However, investors should note persistent challenges with aged accounts receivable, which continue to impact liquidity, and ongoing regulatory and legislative developments in New York concerning energy affordability and clean energy goals that could influence future operations and costs. The company's outlook remains focused on shareholder value through dividend growth, supported by earnings from its core utility and transmission businesses.

Consolidated Edison, Inc. (ED) reported solid financial results for the first quarter of 2026, driven by its regulated utility operations (CECONY and O&R) and transmission segment. The company experienced a significant increase in net income for common stock, largely attributed to a substantial gain from the sale of its equity interest in Mountain Valley Pipeline, LLC (MVP). Operating revenues saw a healthy increase, particularly from CECONY's electric and gas segments, supported by higher rates and increased customer volumes. While the company navigates challenges such as aged accounts receivable and evolving regulatory landscapes, its strategic focus on reliable, resilient, and clean energy investments for its New York and New Jersey customers remains a key priority. Con Edison continues to invest in infrastructure to meet clean energy goals and maintain system reliability, while also actively managing financial risks like interest rate fluctuations. The company's robust liquidity position and established credit facilities provide a stable foundation for ongoing operations and future growth initiatives.

Consolidated Edison Inc. (ED) reported strong financial results for the nine months ended September 30, 2025, with net income for common stock increasing to $1.726 billion, up from $1.510 billion in the same period last year. This represents a significant year-over-year improvement, driven primarily by solid performance in its regulated utility segments, CECONY and O&R. The company's operating revenues also saw a substantial increase, reaching $12.924 billion for the nine-month period, up from $11.587 billion in 2024. This growth is attributed to higher revenues across electric and gas operations, supported by rate increases and increased customer demand, particularly in residential and commercial sectors. Despite inflationary pressures and higher interest rates impacting operating expenses and capital costs, Con Edison has effectively managed these challenges through its regulated rate structures and strategic financial management. Key areas of focus for investors include the company's continued investment in grid modernization and clean energy initiatives, alongside its ability to navigate evolving regulatory landscapes and potential impacts from federal policies. The company's capital expenditures remain robust, reflecting its commitment to infrastructure improvements and reliability. Con Edison's financial health appears stable, with a solid common equity ratio and ample liquidity, positioning it to continue delivering shareholder value through dividends and earnings growth.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported improved financial performance for the second quarter ended June 30, 2025, compared to the same period in the prior year. Net income attributable to common stock increased due to higher operating revenues driven by increased electric and gas rates, alongside favorable adjustments related to a prior regulatory order. These positive results were partially offset by increased operation and maintenance expenses and higher interest expenses. The company is actively managing its rate increase requests, with CECONY filing for significant increases for electric and gas services, though the New York State Public Service Commission (NYSPSC) has proposed lower figures. The company is also implementing strategies to manage aged accounts receivable balances, which remain elevated but have seen some improvement. Con Edison Transmission is advancing its electric transmission projects, though strategic alternatives are being considered for certain investments. Overall, the company continues to focus on investing in reliability and sustainability while navigating a dynamic regulatory and economic environment.

Consolidated Edison, Inc. (Con Edison) reported solid financial performance for the first quarter of 2025, demonstrating growth in net income and earnings per share compared to the prior year. The company's regulated utility operations, primarily through Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R), continue to be the main drivers of revenue and profitability. Management highlights continued investment in infrastructure to ensure reliability and support clean energy goals, while also navigating evolving regulatory and market landscapes. While the company is experiencing an increase in aged accounts receivable, management is actively implementing collection strategies. Potential impacts from new tariffs on Canadian energy imports and ongoing federal regulatory actions are being monitored. Con Edison Transmission is advancing its strategic transmission projects, contributing to the company's diversified growth strategy. Overall, the report indicates a stable financial position with a focus on operational efficiency and strategic investments for future shareholder value.

Consolidated Edison, Inc. (ED) reported solid operational performance in its third quarter filing, driven by its core utility businesses, Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R). The company's strategic focus on shareholder value through dividend and earnings growth, supported by regulated utilities and contracted electric transmission assets, remains evident. While overall revenues saw a modest increase driven by CECONY's electric segment, the company is navigating challenges including rising aged accounts receivable balances, which have impacted liquidity, and increased interest expenses. Investments in clean energy initiatives and transmission projects are ongoing, aligning with regulatory goals and the transition to renewable energy sources. The filing highlights ongoing efforts to meet clean energy policy goals, which are expected to drive increased electric usage and decreased gas and steam usage. Con Edison Transmission is actively developing significant projects like Propel NY Energy to support offshore wind energy delivery. The company's core utility operations show resilience, with adjusted operating income remaining strong, despite some headwinds. Management continues to assess the impact of regulatory changes and macroeconomic factors, including inflation and interest rates, on its financial performance and capital needs.

Consolidated Edison, Inc. (Con Edison) reported its financial results for the second quarter ended June 30, 2024. The company's performance was primarily driven by its regulated utility businesses, Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R). While overall operating revenues saw an increase, net income for common stock saw a decrease compared to the prior year, largely influenced by the prior year's substantial gain from the sale of Clean Energy Businesses and other adjustments. The company continues to invest in its infrastructure and navigate the evolving energy landscape, including investments in clean energy initiatives and transmission projects. Challenges include managing aged accounts receivable balances, which have impacted liquidity, and adapting to new regulatory requirements. Despite these factors, Con Edison remains focused on providing reliable energy and continued dividend growth.

Consolidated Edison, Inc. (Con Edison) and its subsidiary Consolidated Edison Company of New York, Inc. (CECONY) reported solid financial results for the first quarter ended March 31, 2024. The company's core utility operations, CECONY and Orange and Rockland Utilities (O&R), demonstrated resilience, with CECONY’s electric segment seeing a notable increase in operating revenues driven by rate plan adjustments. Despite a decrease in gas and steam revenues primarily due to lower purchased gas costs and a new steam rate plan, overall profitability remained strong, supported by rate base growth and efficient operations. Con Edison Transmission is actively pursuing growth opportunities in electric transmission projects, particularly those supporting the transition to clean energy, such as the Propel NY Energy project. The company's financial position remains robust, supported by significant liquidity and access to credit facilities. While acknowledging inflationary pressures and higher interest rates impacting capital costs, Con Edison's regulatory mechanisms and forward-looking investments position it to navigate these challenges and continue pursuing its clean energy goals.

Consolidated Edison, Inc. (Con Edison) reported a net income for common stock of $526 million ($1.53 per share) for the third quarter of 2023, compared to $613 million ($1.73 per share) in the prior year period. This decrease was primarily driven by the impact of the sale of the Clean Energy Businesses, higher interest expenses, and increased operations and maintenance activities, partially offset by electric and gas base rate increases and higher investment income. For the nine-month period, net income for common stock was $2,185 million ($6.27 per share), a significant increase from $1,470 million ($4.15 per share) in the prior year, largely due to a substantial gain from the sale of the Clean Energy Businesses. The company continues to invest in its regulated utility businesses, CECONY and O&R, focusing on reliability and clean energy goals. Despite a slight decrease in quarterly net income, the overall financial performance for the nine months remains strong, bolstered by strategic asset sales and regulatory rate adjustments. Con Edison also highlighted ongoing efforts to manage aged accounts receivable and adapt to evolving clean energy policies and climate change impacts, emphasizing resilience and sustainability.

Consolidated Edison, Inc. (Con Edison) reported its financial results for the second quarter ended June 30, 2023. The company's primary operations are conducted through its regulated utility subsidiaries, Consolidated Edison Company of New York, Inc. (CECONY) and Orange and Rockland Utilities, Inc. (O&R). A significant event during the period was the completion of the sale of substantially all of the assets of Con Edison's Clean Energy Businesses on March 1, 2023. This divestiture significantly impacted reported revenues and operating income, shifting the company's focus more heavily towards its regulated utility operations. Financially, Con Edison demonstrated resilience, with reported net income for common stock for the consolidated entity totaling $226 million for the quarter, and earnings per share of $0.65. While overall revenues saw a decrease compared to the prior year, largely due to the Clean Energy Business sale, the regulated utility segments showed stable performance. Management highlighted ongoing investments in infrastructure and clean energy initiatives, crucial for meeting regulatory requirements and ensuring reliable service to customers. The company remains focused on shareholder value through continued dividend growth, supported by earnings from its regulated utility and contracted assets.

Consolidated Edison, Inc. (Con Edison) reported strong financial performance for the first quarter of 2023, driven by its regulated utility operations. Net income for common stock significantly increased to $1.433 billion, up from $602 million in the prior year period. This robust growth was primarily fueled by a substantial gain from the sale of the Clean Energy Businesses, which contributed $791 million after tax. The core utility segments, CECONY and O&R, also demonstrated positive momentum, with CECONY's net income rising to $604 million. While the sale of the Clean Energy Businesses marks a strategic shift, the company continues to focus on regulated utility growth and dividend increases, underpinned by investments in reliability, resilience, and clean energy infrastructure. The company also initiated a significant share repurchase program, signaling confidence in its financial health and commitment to shareholder value.

Consolidated Edison Inc. (ED) reported a solid third quarter and first nine months of 2022, driven by performance in its regulated utility segments (CECONY and O&R) and strong results from its Clean Energy Businesses, which are now slated for sale. The company announced a significant agreement to sell its Clean Energy Businesses to RWE for $6.8 billion, a strategic move intended to reduce debt, reinvest in regulated utilities, and potentially initiate a share repurchase program. This sale is expected to close in the first half of 2023, subject to regulatory approvals. While overall earnings have improved compared to the previous year, driven by rate increases and favorable operating conditions, the company faces ongoing challenges including inflationary pressures, rising interest rates, and the evolving regulatory landscape concerning clean energy goals and climate change. Management is focused on maintaining dividend growth and investing in reliable and resilient energy infrastructure for its customers.

Consolidated Edison, Inc. (Con Edison) reported solid performance in the second quarter of 2022, driven primarily by its regulated utility operations (CECONY and O&R). The company's net income for common stock increased significantly to $255 million, or $0.72 per share, compared to $165 million, or $0.48 per share, in the prior year period. This growth was largely attributed to higher electric and gas rate base, improved operational efficiencies, and a favorable regulatory environment, including the resumption of late payment charges. While the regulated utilities showed strength, the Clean Energy Businesses experienced a more mixed performance, impacted by fluctuating market conditions and accounting adjustments, though still contributing positively to overall earnings. Con Edison Transmission's results were influenced by prior-year impairments. Looking ahead, the company remains focused on its strategy of providing shareholder value through dividend growth, supported by investments in reliable, resilient, and clean energy infrastructure for its New York customers. The company is also exploring strategic alternatives for its Clean Energy Businesses, the outcome of which could impact future financial performance.

Consolidated Edison, Inc. (Con Edison) reported solid financial performance for the first quarter of 2022, with net income for common stock increasing to $602 million, or $1.70 per share, up from $419 million, or $1.23 per share, in the prior year. This growth was primarily driven by the regulated utility operations of Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R), which benefited from rate increases and improved operational efficiencies. The company is actively managing its diverse portfolio, including its Clean Energy Businesses and Con Edison Transmission. While Con Edison is exploring strategic alternatives for its Clean Energy Businesses, these segments contributed positively to overall earnings. The company continues to invest in infrastructure to ensure reliable and resilient energy delivery to its customers and is navigating regulatory and environmental landscapes, including ongoing rate case filings and clean energy initiatives.

Consolidated Edison, Inc. (Con Edison) reported solid financial results for the third quarter and first nine months of 2021, demonstrating resilience amidst ongoing COVID-19 impacts. The company's regulated utility businesses, primarily CECONY and O&R, showed stable performance, driven by regulated rate base growth and effective cost management. Con Edison's Clean Energy Businesses also contributed positively with increased revenues from renewable energy projects. Despite challenges like supply chain disruptions and the lingering economic effects of the pandemic, Con Edison maintained its focus on reliable energy delivery and strategic investments. The company's financial health appears robust, supported by strong operating cash flows and access to capital markets. Management remains committed to shareholder value through continued dividend growth, underpinned by earnings growth from regulated utilities and contracted energy assets.

Consolidated Edison, Inc. (Con Edison) reported its second quarter 2021 financial results, demonstrating resilience in its core utility operations despite lingering impacts from the COVID-19 pandemic. While overall net income for common stock saw a slight decrease compared to the prior year's quarter, driven by factors like the Clean Energy Businesses' performance and an impairment loss in Con Edison Transmission, the regulated utility segments, CECONY and O&R, showed stable performance. The company continues to invest in infrastructure, including the approved $780 million Reliable Clean City (RCC) projects for CECONY, aimed at ensuring system reliability. Con Edison maintained a strong liquidity position and access to capital markets. The company's strategic focus remains on providing reliable energy services, supporting dividend growth through earnings from regulated utilities and contracted assets, and advancing sustainability initiatives. Investors should note the ongoing management of customer account receivables due to economic impacts and the company's proactive approach to regulatory and environmental matters, as highlighted by ongoing investments in grid modernization and renewable energy.

Consolidated Edison, Inc. (ED) reported solid financial results for the first quarter of 2021, with net income for common stock increasing to $419 million, or $1.23 per share, compared to $375 million, or $1.13 per share, in the prior year period. This growth was primarily driven by strong performance in the regulated utility segments (CECONY and O&R) and the Clean Energy Businesses, which benefited from higher revenues and improved net interest expense. Despite the ongoing impacts of the COVID-19 pandemic, the company demonstrated resilience. While managing increased allowances for uncollectible accounts, ED also benefited from CARES Act provisions and strategic investments in clean energy. Key capital expenditure plans are focused on infrastructure improvements and clean energy projects, funded through a combination of internally generated funds and debt issuance. The company reiterates its commitment to shareholder value through continued dividend growth.

Consolidated Edison, Inc. (Con Edison) reported its third-quarter 2020 results, reflecting continued operations amidst the COVID-19 pandemic. The company's core utilities, CECONY and O&R, demonstrated resilience, though certain operational metrics were impacted by the pandemic. Con Edison's Clean Energy Businesses also contributed to the results, with ongoing development in renewable energy projects. The company highlighted its proactive measures in managing the impacts of COVID-19, including regulatory relief and financial adjustments. Con Edison's financial position remains stable, supported by its regulated utility operations and strategic investments in clean energy. Management emphasized its commitment to shareholder value through dividend growth and reliable energy delivery, while navigating the evolving regulatory and economic landscape.

Consolidated Edison, Inc. (Con Edison) reported its second quarter 2020 results, facing the ongoing impacts of the COVID-19 pandemic. While the utility segment, primarily CECONY, demonstrated resilience with stable net income for the quarter, the company is navigating regulatory measures and economic conditions influenced by the pandemic. Key financial highlights indicate a consolidated net income of $190 million for the quarter, a notable increase from $152 million in the prior year, driven significantly by improved performance in the Clean Energy Businesses. However, the Utilities experienced a slight decline in operating revenues due to decreased energy demand, partially offset by revenue decoupling mechanisms. The company continues to focus on its core regulated utility operations while expanding its renewable energy portfolio. Management is actively responding to the pandemic's challenges, including implementing safety protocols and adapting to regulatory directives such as the suspension of service disconnections.

Consolidated Edison Inc. (ED) reported its first-quarter 2020 financial results, impacted by the evolving COVID-19 pandemic. While regulated utility operations (CECONY and O&R) showed resilience, particularly with revenue decoupling mechanisms partially mitigating volume declines, the Clean Energy Businesses experienced a net loss due to mark-to-market adjustments and increased interest expenses. The company has implemented various measures to protect employees and customers and is actively managing operational and financial risks associated with the pandemic, including suspending service disconnections and late fees. Despite these challenges, Con Edison secured a $750 million supplemental credit agreement and continues to invest in infrastructure. Financially, net income for common stock decreased to $375 million in Q1 2020 from $424 million in Q1 2019, primarily driven by a significant loss in the Clean Energy Businesses. Diluted earnings per share also declined to $1.12 from $1.31 year-over-year. The company's liquidity remains a focus, with substantial credit facilities in place, and it is leveraging provisions of the CARES Act to manage its financial position. Management is closely monitoring the pandemic's impact on liquidity, financial condition, and results of operations.

Consolidated Edison, Inc. (Con Edison) reported mixed financial results for the third quarter and nine months ended September 30, 2019. The regulated utility segments, CECONY and O&R, demonstrated stable performance driven by rate increases and a growing gas customer base, despite slight decreases in electric deliveries and higher operating expenses. However, the Clean Energy Businesses segment saw a significant increase in revenues due to the acquisition of Sempra Solar Holdings, LLC, but also a substantial rise in net interest expense and depreciation, leading to a net loss for the segment during the nine-month period. Overall consolidated net income for common stock remained relatively flat year-over-year for the nine months, impacted by fluctuations across its diverse business segments.

Consolidated Edison Inc. (Con Edison) reported its financial results for the second quarter and first half of 2019, showcasing the performance of its regulated utility operations (CECONY and O&R) and its growing Clean Energy Businesses. While the regulated utilities demonstrated stable performance with slight increases in net income, the Clean Energy Businesses experienced a significant shift. The acquisition of Sempra Solar Holdings in late 2018 boosted revenue but also increased depreciation and interest expenses, leading to a net loss for the segment in the quarter. Overall, Con Edison's consolidated net income for common stock decreased in the second quarter of 2019 compared to the prior year, primarily due to the performance of the Clean Energy segment and higher operating expenses in the regulated utilities, such as increased property taxes and pension costs. However, the company continues to invest in its infrastructure and renewable energy projects, positioning itself for long-term value creation. Looking ahead, Con Edison faces regulatory and environmental considerations, including new climate change laws in New York State that aim to increase renewable energy procurement and reduce emissions. The company's liquidity remains strong, supported by operating cash flows and financing activities, including the issuance of new debt and common stock. Investors should note the continued investments in transmission and renewable projects, which are strategic to the company's growth and sustainability goals.

Consolidated Edison, Inc. (ED) reported its first-quarter results for the period ending March 31, 2019. The company demonstrated stable performance in its core utility operations, with CECONY and O&R contributing significantly to net income. While consolidated net income for common stock slightly decreased year-over-year due to challenges in the Clean Energy Businesses segment, the regulated utility segments showed resilience, driven by rate plan adjustments and operational efficiencies. The company continues to invest in infrastructure and renewable energy projects, aligning with its strategy of providing shareholder value through earnings growth in regulated utilities and contracted assets. Investors should note the impact of the Sempra Solar acquisition on the Clean Energy Businesses' financials, including increased debt and depreciation, and monitor the situation regarding PG&E's bankruptcy and its potential impact on certain renewable energy projects. Overall, the report indicates a steady quarter for Con Edison's utilities, with a slight drag from its non-regulated segment. The company's commitment to reliable, safe, and clean energy for New York's economy remains a core focus. Key financial metrics suggest operational stability, though the Clean Energy Businesses segment experienced a net loss, primarily due to acquisition-related costs and mark-to-market adjustments. Management remains focused on strategic investments and managing financial risks.

Consolidated Edison, Inc. (Con Edison) reported its third-quarter and year-to-date results for 2018, showcasing resilience in its core utility operations while expanding its clean energy segment. The company's regulated utilities, CECONY and O&R, demonstrated stable performance, driven by rate plan adjustments and customer growth in gas services, though electric demand forecasts remained flat. The Clean Energy Businesses segment continued its growth trajectory, highlighted by a significant agreement to acquire Sempra Solar Holdings, LLC, signaling a strategic move to bolster its renewable energy portfolio. While overall net income saw a slight decrease compared to the prior year's comparable periods, largely influenced by the re-measurement of deferred tax assets due to the Tax Cuts and Jobs Act of 2017 and transaction costs associated with the Sempra Solar acquisition, the underlying operational performance of the utilities remained robust. The company's commitment to shareholder value, evidenced by its dividend growth strategy and investments in reliable and clean energy infrastructure for New York City, underpins its financial outlook.

Consolidated Edison, Inc. (Con Edison) reported solid financial performance for the second quarter and first half of 2018, driven by its regulated utility operations, primarily CECONY and O&R. Net income for the second quarter increased to $188 million ($0.60 per share) from $175 million ($0.57 per share) in the prior year's quarter. For the first six months of 2018, net income reached $616 million ($1.98 per share), up from $563 million ($1.84 per share) in the same period of 2017. The company benefited from regulatory rate plan changes, which positively impacted revenues for both CECONY and O&R. While the Tax Cuts and Jobs Act (TCJA) led to deferred benefits for customers, it also contributed to lower income tax expenses for the company. The company's Clean Energy Businesses also showed growth in operating revenues. Despite some increases in operating and maintenance expenses, particularly storm-related and consultant costs, the overall financial health appears stable. Con Edison continues to invest in its infrastructure, with increased utility construction expenditures noted. The company's liquidity remains strong, evidenced by positive cash flows from operating activities, although a significant portion was impacted by storm restoration costs and contributions to pension plans. The company's capital structure remains well-balanced with a common equity ratio above 50%. Overall, Con Edison demonstrated resilience and strategic execution, with a focus on providing essential energy services and pursuing growth in renewable energy.

Consolidated Edison, Inc. (Con Edison) reported solid financial results for the first quarter of 2018, demonstrating resilience in its core utility operations and growth in its clean energy segment. The company's primary subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), and Orange and Rockland Utilities, Inc. (O&R) generated stable revenues from regulated electric, gas, and steam delivery businesses. Despite some weather-related cost increases, the regulated nature of these businesses, supported by rate plans and revenue decoupling mechanisms, provided a predictable earnings stream. The Clean Energy Businesses continued to expand, contributing positively to overall net income, driven by increased revenues from renewable electric production and engineering, procurement, and construction services. While Con Edison Transmission's contribution to net income was modest, its investments in critical infrastructure projects position it for future growth. The company's strong financial position is underpinned by consistent operating cash flows and a healthy common equity ratio, enabling continued investment in infrastructure and shareholder returns.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported financial results for the third quarter and the first nine months of 2017. The company is focused on providing reliable energy through its regulated utility operations and investing in contracted renewable and energy infrastructure projects. For the third quarter of 2017, Con Edison reported net income of $457 million, a decrease from $497 million in the same period of 2016. This decline was primarily influenced by the impact of changes in rate plans and regulatory charges, as well as lower operations and maintenance expenses primarily related to pensions and post-retirement benefits for CECONY, which were offset by higher depreciation and property taxes. The Clean Energy Businesses saw a significant decrease in operating income due to the prior year's gain from the sale of its retail electric supply business. Looking at the nine-month period, net income was $1,020 million, down from $1,039 million in the prior year. While regulated utility operations, particularly CECONY's gas segment, showed growth, this was largely offset by the aforementioned factors impacting the Clean Energy Businesses and changes in other operational costs.

Consolidated Edison, Inc. (Con Edison) reported its second-quarter 2017 financial results, highlighting the performance of its regulated utilities (CECONY and O&R) and its Clean Energy Businesses. While overall net income saw a decrease compared to the prior year's second quarter, primarily due to lower contributions from the Clean Energy segment, the core utility operations demonstrated resilience. CECONY's electric and gas segments showed mixed results in revenue compared to the prior year, influenced by rate plan changes and weather impacts on steam revenues. O&R's utility operations saw modest increases in revenue. The company continues to invest in infrastructure and maintain its commitment to shareholder value through dividends, supported by its diversified business model.

Consolidated Edison, Inc. (ED) reported strong performance for the first quarter of 2017, driven primarily by its regulated utility operations, CECONY and O&R. Net income increased by 25.2% year-over-year to $388 million, with earnings per share rising to $1.27 from $1.05. This growth was supported by favorable rate plan adjustments and a recovery in steam revenues due to weather impacts, partially offset by higher depreciation and property taxes. The company's Clean Energy Businesses also showed a significant turnaround, moving from a net loss in the prior year to a net income of $7 million, largely due to the impact of the sale of its retail electric supply business and gains on mark-to-market adjustments. Liquidity remains robust, with operating cash flows providing sufficient funds. The company refinanced debt, issuing new debentures and prepaying a term loan, indicating proactive debt management. Management reiterated its commitment to shareholder value through continued dividend growth, supported by stable earnings from its regulated utility base and contracted renewable energy assets, positioning Con Edison as a reliable energy provider essential to New York's economy.

Consolidated Edison, Inc. (ED) reported financial results for the third quarter and nine months ended September 30, 2016. The company, through its subsidiaries, operates regulated electric, gas, and steam utilities, as well as competitive energy businesses and transmission investments. For the three months ended September 30, 2016, Con Edison reported net income of $497 million, an increase from $428 million in the prior year period, with earnings per share of $1.63 compared to $1.46. Key drivers of performance included strong results from the regulated utilities (CECONY and O&R) and a significant one-time gain from the sale of the retail electric supply business within the competitive energy segment. The company continues to invest in infrastructure and renewable energy projects, reflecting its strategy to provide reliable energy while pursuing growth opportunities. Despite some fluctuations in operational revenues due to weather and energy market conditions, the overall financial performance demonstrated resilience, supported by regulated rate structures and strategic divestitures.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported mixed results for the second quarter of 2016 compared to the prior year. While net income for Con Edison slightly increased to $232 million from $219 million, earnings per share rose to $0.78 from $0.75, reflecting a larger share count. The company's core utility operations, particularly CECONY's electric and gas delivery, remain the primary drivers of revenue. However, net income for CECONY saw a significant decrease from $211 million to $161 million, impacting overall consolidated results. The competitive energy businesses, despite a reported net loss of $5 million due to an investment impairment, contributed positively to net income due to mark-to-market gains. Capital expenditures increased significantly, driven by investments in renewable energy projects and transmission infrastructure.

Consolidated Edison, Inc. (Con Edison) reported its first-quarter 2016 results, showing a year-over-year decrease in net income. The primary driver for this decline was a $60 million negative impact attributed to factors such as unusually warm weather affecting steam revenues and increased operations and maintenance expenses, partially offset by favorable rate plan adjustments. While the core utility businesses (CECONY and O&R) demonstrated stable performance with net income contributing the vast majority of the consolidated earnings, the competitive energy businesses experienced a net loss, largely due to mark-to-market losses and retail electric supply business impacts. Despite the quarterly dip in earnings, Con Edison continues to execute its long-term strategy focused on shareholder value through dividend growth, supported by investments in regulated utilities and contracted assets. The company is actively expanding its investments in renewable energy and transmission infrastructure, including a significant planned acquisition in a gas pipeline and storage joint venture, which has led to an upward revision of its 2016 capital expenditure forecast. The company's financial health remains solid, with strong coverage ratios and a stable common equity ratio, indicating continued operational resilience.

Consolidated Edison, Inc. (Con Edison) reported its third-quarter and year-to-date results for the period ending September 30, 2015. The company's core utility operations through Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R) showed stable performance, supported by their respective rate plans which help recover operating costs and investments. However, overall net income for common stock saw a slight decrease compared to the prior year, influenced by various factors across its segments. The competitive energy businesses demonstrated revenue growth driven by increased retail electric revenues and expansion in solar generation projects. Despite this, the company is actively marketing its retail electric supply business for sale, indicating a strategic shift. Con Edison is also navigating evolving regulatory landscapes, particularly the Reforming the Energy Vision (REV) initiative in New York, which aims to modernize the energy system and presents both opportunities and challenges for future earnings and operational strategies. The company continues to invest in infrastructure and renewable energy projects, supported by a solid common equity ratio and adequate liquidity.

Consolidated Edison, Inc. (Con Edison) reported solid financial performance for the second quarter and first half of 2015, driven primarily by its regulated utility operations, particularly CECONY and O&R. Net income for common stock saw an increase, reflecting positive impacts from utility rate plans, growth in gas delivery services due to oil-to-gas conversions, and improved operational efficiencies. While the competitive energy businesses experienced some fluctuations, including mark-to-market adjustments and the strategic decision to market its retail electric supply business, the overall financial health of the company remains robust, supported by its regulated assets and strategic investments in renewable energy projects. Con Edison continues to invest in its infrastructure to ensure reliable and clean energy delivery, with significant capital expenditures planned for renewable energy projects. The company also provided an updated outlook for its competitive energy businesses, reflecting a higher anticipated investment in renewable energy development. Management remains focused on shareholder value through continued dividend growth, underpinned by earnings growth from its regulated utilities and contracted assets. The company is also navigating evolving regulatory landscapes, particularly in New York, with initiatives like Reforming the Energy Vision (REV) shaping future business models and energy delivery.

Consolidated Edison Inc. (ED) reported its first quarter 2015 results, showing a slight increase in net income to $370 million from $361 million in the prior year period. Diluted earnings per share remained stable at $1.26. The company's regulated utility operations, primarily CECONY, continue to be the main drivers of revenue and profit, with improvements noted in gas delivery service due to oil-to-gas conversions and lower operating expenses. While overall revenues saw a decrease driven by lower gas and electric prices, the company managed its expenses effectively. Key areas of focus include ongoing investments in utility infrastructure, particularly for grid modernization and reliability, as outlined in their capital expenditure plans. The company is also navigating regulatory developments, including the "Reforming the Energy Vision" initiative in New York. Investors should note the slight increase in net interest expense and the company's continued reliance on capital markets for funding, as highlighted in the liquidity section.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported mixed financial results for the nine months ended September 30, 2014. While total operating revenues saw an increase compared to the same period in 2013, driven by higher volumes and rate adjustments across utility segments, net income for common stock experienced a significant boost, largely due to a gain on the sale of solar energy projects and favorable outcomes from past LILO transactions. The company continues to invest heavily in utility plant construction, with a substantial portion of cash flow dedicated to these activities. Despite increased capital expenditures, Con Edison maintained a stable common equity ratio and a strong earnings to fixed charges ratio, indicating a solid financial footing. Management highlights the ongoing regulatory environment, including the transformative Reforming the Energy Vision (REV) proceeding in New York, which could significantly impact future business models and operations. Investors should monitor regulatory developments and the company's adaptation to evolving energy market dynamics.

Consolidated Edison, Inc. (Con Edison) reported improved financial performance for the six months ended June 30, 2014, compared to the same period in 2013, with net income for common stock increasing significantly. This improvement was driven by higher net revenues across its utility segments, particularly CECONY's electric and gas operations, and a notable gain from the sale of solar energy projects within its competitive energy businesses. The company also benefited from favorable adjustments related to prior LILO transactions and lower interest expenses. Despite these positive trends, the company is navigating a complex regulatory environment, including the ongoing "Reforming the Energy Vision" proceeding in New York and potential impacts from the EPA's proposed Clean Power Plan. Con Edison's balance sheet shows a slight decrease in total assets, largely due to a reduction in non-utility property and special deposits, while utility plant assets increased. Long-term debt saw an increase, reflecting new issuances. The company's liquidity remains solid, with a net increase in cash and temporary cash investments for the period, supported by strong operating cash flows, although financing activities showed a significant decrease compared to the prior year. Investors should monitor regulatory developments and their potential impact on future revenue and cost structures.

Consolidated Edison, Inc. (Con Edison) reported a significant increase in net income for the first quarter of 2014 compared to the same period in 2013, driven by improvements across its utility segments and a favorable impact from the competitive energy businesses. For the three months ended March 31, 2014, Con Edison's net income for common stock reached $361 million, or $1.23 per diluted share, a substantial rise from $192 million, or $0.65 per diluted share, in the prior year's quarter. This growth was primarily fueled by higher operating revenues, particularly in the electric and gas segments, along with improved management of operating expenses. The company's core utility operations, CECONY and O&R, demonstrated strong performance. CECONY's electric operations saw a notable revenue increase driven by higher purchased power and fuel costs, while its gas operations benefited from increased sales and transportation volumes. O&R also experienced revenue growth in both its electric and gas segments. The competitive energy businesses also contributed positively, reversing a significant loss in the prior year to a profit in the current quarter, partly due to favorable mark-to-market adjustments and the resolution of LILO transactions. Overall, Con Edison's financial results indicate a strengthening operational performance and a positive outlook for the period.

This 10-Q filing for Consolidated Edison, Inc. (ED) for the period ending September 30, 2013, shows mixed financial performance. While net income for common stock saw an increase to $464 million for the three months ended September 30, 2013, compared to $440 million in the prior year, the nine-month period saw a decrease in net income for common stock to $828 million from $931 million in the prior year. This was largely influenced by significant after-tax charges related to the Lease In/Lease Out (LILO) transactions in the nine-month period. The company continues to invest heavily in utility construction expenditures, with net cash used in investing activities totaling $1.9 billion for the nine months ended September 30, 2013. The company is navigating a complex regulatory environment, including ongoing rate case proceedings with the New York State Public Service Commission for CECONY, which could impact future revenues. A significant event was Superstorm Sandy, which caused extensive damage and resulted in substantial restoration costs, most of which were deferred for recovery as a regulatory asset. The company is also facing potential environmental liabilities, notably concerning the Gowanus Canal Superfund Site, where the EPA has identified CECONY as a potentially responsible party. Overall, while the regulated utility segments provided stable operations, the impact of one-off items like the LILO transactions and the ongoing challenges in environmental remediation and regulatory proceedings are key factors for investors to monitor. The company maintained its common equity ratio, demonstrating a commitment to financial stability.

Consolidated Edison, Inc. (ED) reported a decrease in net income for the three and six months ended June 30, 2013, compared to the same periods in 2012. This decline was primarily driven by lower earnings from the competitive energy businesses, significantly impacted by a charge related to Lease In/Lease Out (LILO) transactions and mark-to-market losses. The regulated utility operations showed more stable performance, with CECONY’s electric and gas segments experiencing moderate revenue changes, influenced by rate plans and weather. Despite the overall net income decrease, the company's core utility operations demonstrated resilience. Investors should note the ongoing rate case proceedings for CECONY, which could influence future revenue streams. The company also experienced a significant increase in cash used for investing activities, largely due to higher utility construction expenditures. Financing activities saw a decrease in net cash inflow for CECONY due to debt redemptions. The company's liquidity remains stable, supported by operating cash flows and access to credit markets, though the LILO transaction complexities warrant attention. The company also noted its ongoing commitment to capital expenditures for infrastructure improvements.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported lower net income for the first quarter of 2013 compared to the same period in 2012. This decline was primarily driven by a significant after-tax charge of $150 million related to Lease In/Lease Out (LILO) transactions impacting Con Edison's competitive energy businesses, as well as higher operating and maintenance expenses. Despite the decrease in net income, the core utility operations of CECONY and O&R demonstrated resilience. CECONY saw an increase in operating income driven by higher net revenues from its electric, gas, and steam segments, partly offset by increased operating expenses. The company also experienced growth in its gas delivery volumes, benefiting from weather normalization mechanisms. Investors should note the substantial regulatory assets and liabilities, particularly those related to pensions and environmental remediation, which are characteristic of regulated utility operations.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), filed this 10-Q report for the third quarter ended September 30, 2012. The report shows an increase in net income for common stock for both the quarter and the nine-month period compared to the previous year. This improvement was driven by higher operating revenues due to favorable rate plans and increased sales volumes in certain segments, partially offset by higher operating expenses including pension costs and maintenance. The company continues to invest in its utility infrastructure and has also been expanding its presence in competitive energy businesses, notably through acquisitions of solar energy projects. Management highlights the ongoing regulatory environment, capital expenditure plans, and various market risks including interest rate and commodity price fluctuations. A significant event impacting operations was Hurricane Sandy, which caused extensive damage and service disruptions towards the end of the quarter, with costs expected to be deferred for recovery.

Consolidated Edison, Inc. (ED) reported its second quarter 2012 results, demonstrating resilience and steady performance within its regulated utility operations. For the three months ended June 30, 2012, the company reported net income for common stock of $214 million, or $0.73 per diluted share, an increase from $165 million, or $0.56 per diluted share, in the prior year's quarter. This improvement was driven by higher net revenues from rate plan adjustments and lower energy costs, which more than offset increased operating and maintenance expenses, including pension costs. The company's core utility segments, particularly CECONY (Consolidated Edison Company of New York, Inc.), showed stable performance, with electric and gas operations contributing positively. While steam operations saw a decline due to milder weather and reduced volumes, the overall utility segment remained robust. Competitive energy businesses experienced mixed results, with mark-to-market gains contributing to income, but overall revenue was impacted by lower electricity prices and volumes. Financially, Con Edison maintained a strong liquidity position, evidenced by a significant increase in cash and temporary cash investments to $1.381 billion. The company also managed its capital structure effectively, issuing new debt while managing preferred stock redemption. The outlook suggests continued focus on regulated operations, operational efficiency, and strategic investments in renewable energy, positioning the company for stable, long-term performance.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported a decrease in net income for the first quarter of 2012 compared to the same period in 2011. This decline was primarily driven by lower revenues from the competitive energy businesses, particularly Con Edison Solutions, which experienced mark-to-market losses and reduced sales volumes. The regulated utility segments, CECONY and Orange and Rockland Utilities (O&R), showed mixed results with CECONY's electric operations seeing an increase in operating income due to rate adjustments, while its gas and steam operations experienced lower revenues. O&R's electric segment also saw a slight decrease in operating income. Despite the overall decrease in net income, the company maintained a strong liquidity position, with Con Edison's cash and temporary cash investments increasing significantly by the end of the quarter. Investing activities saw increased utility construction expenditures, while financing activities were influenced by CECONY's issuance of new long-term debt. The company's financial health remains underpinned by its regulated utility operations and the ongoing implementation of rate plans designed to recover operating costs and ensure a reasonable return.

Consolidated Edison Inc. (Con Edison) and its subsidiary Consolidated Edison Company of New York, Inc. (CECONY) filed this Form 10-Q for the period ending September 30, 2011. The report shows year-over-year increases in net income for both the three and nine-month periods, driven by factors such as regulatory rate adjustments, lower purchased power and fuel costs, and improved performance in competitive energy businesses. Despite these positive trends, the company faces ongoing regulatory scrutiny, environmental remediation costs, and the inherent risks of operating in the energy infrastructure sector, including the potential impact of cyber attacks. The company's financial health remains robust, supported by stable operating cash flows from its regulated utility businesses. Con Edison continues to invest in its utility plant, with significant capital expenditures in construction projects. The company also maintains a strong liquidity position, supported by its credit facilities. Investors should note the company's ongoing management of pension and postretirement benefit obligations, which continue to represent a significant financial commitment.

Consolidated Edison, Inc. (Con Edison) and its subsidiary Consolidated Edison Company of New York, Inc. (CECONY) reported their financial results for the second quarter and first six months of 2011. For the second quarter of 2011, Con Edison reported net income for common stock of $165 million ($0.57 per share), a decrease from $183 million ($0.65 per share) in the same period of 2010. For the first six months of 2011, net income for common stock was $477 million ($1.63 per share), an increase from $409 million ($1.45 per share) in the comparable period of 2010. The company's results were impacted by various factors including changes in utility rate plans, operational costs, and the performance of its competitive energy businesses. The regulated utility segments (CECONY and O&R) saw increases in net income for the six-month period, largely driven by rate plan adjustments designed to recover increased costs. However, the competitive energy businesses experienced a significant decrease in net income for the second quarter, primarily due to unfavorable mark-to-market effects. Overall, Con Edison's financial position remained stable, with a strong focus on maintaining reliable energy services and managing operational expenses within regulatory frameworks.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported solid financial performance for the first quarter of 2011. Net income for common stock rose significantly to $311 million ($1.07 per share basic, $1.06 diluted) from $226 million ($0.80 per share) in the same period last year. This improvement was driven by a combination of factors including rate plan adjustments, particularly for CECONY's electric and gas segments, which helped offset increased operational costs and taxes. The company's operating revenues saw a slight decline year-over-year, mainly due to lower purchased power and gas costs, but net revenues (operating revenues less fuel, purchased power, and gas costs) increased, demonstrating effective cost management and the benefits of regulatory mechanisms like revenue decoupling. Con Edison's competitive energy businesses also contributed positively, largely due to favorable mark-to-market adjustments, although their overall contribution to net income remained smaller compared to the regulated utilities.

Consolidated Edison Inc. (ED) reported solid financial results for the nine months ended September 30, 2010, with net income for common stock increasing to $759 million ($2.69 per share) from $666 million ($2.43 per share) in the same period of 2009. This growth was driven primarily by favorable regulatory rate plans, particularly for CECONY's electric utility, which allowed for higher revenue recovery to offset rising operating expenses such as O&M, depreciation, and taxes. The company's core utility operations, primarily CECONY, showed resilience, with net income for common stock up $94 million year-over-year for the nine-month period. While operating revenues saw a modest increase, careful management of operating expenses and strategic rate adjustments contributed to improved profitability. The company also experienced a significant increase in cash flow from financing activities, largely due to debt issuances and stock issuances, which supported its investing activities, primarily capital expenditures for utility plant construction. Despite a decrease in cash flow from operations due to tax payments, the overall financial position appears stable, supported by strong regulatory frameworks and continued investment in infrastructure.

Consolidated Edison, Inc. (Con Edison) reported increased net income for the second quarter and first half of 2010 compared to the same periods in 2009. This improvement was driven by favorable regulatory rate plans, particularly for CECONY's electric business, and positive performance from competitive energy businesses, which included significant mark-to-market gains. Total operating revenues saw a modest increase, reflecting growth in electric and gas services, partially offset by declines in steam and non-utility segments. While operating expenses also rose due to higher pension and post-retirement benefit costs, demand-side management programs, and property taxes, the positive impact of rate adjustments and improved results in the competitive segment led to higher overall profitability. The company maintained a stable common equity ratio and demonstrated a solid earnings-to-fixed-charges ratio, indicating a generally healthy financial position. However, investors should note the ongoing regulatory processes, environmental remediation costs, and potential liabilities from legal proceedings, which remain important considerations.

Consolidated Edison, Inc. (Con Edison) and its subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), reported a notable increase in net income for the first quarter of 2010 compared to the same period in 2009. This improvement was driven by a combination of factors, including updated rate plans that allow for higher electric returns for CECONY and the recovery of increased operating expenses. The company's regulated utility operations, particularly CECONY's electric segment, were the primary contributors to this positive financial performance. Despite a slight decrease in overall operating revenues, the company managed its expenses effectively. While the competitive energy businesses experienced a net loss, largely due to mark-to-market adjustments, the stable and regulated nature of the utility segment provided a solid financial foundation. Investors should note the company's ongoing investments in utility plant and its proactive approach to managing market risks through hedging strategies, which are crucial for maintaining financial stability in the energy sector.