Consolidated Edison posts higher second-quarter profit, revenue

Consolidated Edison reaffirms 2026 earnings guidance of $6.00–$6.20 a share

Consolidated Edison posted a second-quarter profit of $308 million, or 83 cents a share, compared with $246 million, or 68 cents a share, in the same period a year earlier. On an adjusted basis, earnings were 83 cents a share, topping the 76 cents a share that analysts polled by FactSet had expected.

Second-quarter operating revenue rose to $4.07 billion from $3.6 billion a year earlier, above the $3.60 billion FactSet forecast. Electric sales, which rose to $3.14 billion from $2.78 billion, helped drive the gain. Gas revenue increased to $811 million from $711 million, and steam revenue climbed to $118 million from $106 million.

Consolidated Edison reaffirms 2026 earnings guidance of $6.00–$6.20 a share

Chief Executive Tim Cawley said the company is investing in strengthening reliability and system reliance by preparing its network for extreme heat and redoubling efforts to keep services affordable.

Consolidated Edison reaffirmed its full-year guidance for adjusted earnings of $6.00 to $6.20 a share. Analysts polled by FactSet expect $6.10 for the year.