Con Edison Posts $2.02B 2025 Net Income, Guides $6.00–$6.20 EPS
Consolidated Edison posted 2025 net income of $2,023 million ($5.66/share) and adjusted non-GAAP earnings of $2,038 million ($5.70/share), up from $1,820 million and $1,868 million respectively in 2024. The utility set 2026 adjusted EPS guidance of $6.00–$6.20 with a five-year adjusted EPS CAGR target of 6–7%.
1. 2025 Financial Performance
Con Edison reported 2025 net income of $2,023 million ($5.66/share), up from $1,820 million ($5.26/share) in 2024. Adjusted non-GAAP earnings rose to $2,038 million ($5.70/share) compared with $1,868 million ($5.40/share) a year earlier.
2. Fourth-Quarter Results
In Q4 2025 net income was $297 million ($0.82/share) versus $310 million ($0.90/share) in Q4 2024. Adjusted earnings totaled $320 million ($0.89/share), down from $340 million ($0.98/share) in the prior-year quarter.
3. 2026 Guidance and Growth Targets
The company forecasts 2026 adjusted EPS of $6.00 to $6.20 per share and aims for a 6–7% compound annual adjusted EPS growth rate over the next five years based on the midpoint of guidance.
4. Capital Investment and Financing Plan
Con Edison plans capital investments of $6,595 million in 2026, $6,759 million in 2027 and $24,339 million from 2028 to 2030, to be funded through up to $3.2 billion of long-term debt and $1.1 billion of equity issuance in 2026.