Con Edison Q4 Revenue Up 8.9% to $4B, EPS Beats by 5.6%
Consolidated Edison reported Q4 revenue of $4 billion (+8.9% YoY), topping estimates by 8.1%, and delivered EPS of $0.89, a 5.6% beat versus consensus. Operating revenues rose across O&R (13.3%) and CECONY (8.5%), but operating income lagged estimates in transmission and other segments, with CECONY at $484M versus $601M expected.
1. Q4 Financial Results
Consolidated Edison posted Q4 revenue of $4.0 billion, up 8.9% year-over-year, exceeding the $3.7 billion consensus by 8.1%. The utility delivered adjusted EPS of $0.89, surpassing the $0.84 estimate by 5.6% while declining from $0.98 a year ago.
2. Segment Performance
Operating revenues at O&R rose 13.3% to $306 million and at CECONY increased 8.5% to $3.69 billion. However, operating income missed across key businesses: CECONY generated $484 million versus $601 million expected, O&R earned $21 million versus $26.5 million, and transmission reported a $20 million loss versus a $1.9 million loss estimate.
3. Outlook and Market Reaction
Management set full-year earnings guidance at $6.00 to $6.20 per share following the quarter. Shares have climbed roughly 7.5% over the past month, reflecting positive investor response to the earnings beat and segment performance details.