Consolidated Edison (ED) Research

Forward Estimates

EPS Estimates

Current Qtr

$0.76

$0.65$0.85

vs $0.67+13.2%

7 analysts

Next Qtr

$2.08

$1.95$2.24

vs $1.90+9.4%

7 analysts

Current Yr

$6.11

$6.07$6.20

vs $5.70+7.2%

14 analysts

Next Yr

$6.49

$6.35$6.60

vs $6.11+6.2%

15 analysts

Revenue Estimates

Current Qtr

$3.79B

$3.69B$3.98B

vs $3.60B+5.3%

6 analysts

Next Qtr

$4.67B

$4.22B$4.82B

vs $4.53B+3.0%

6 analysts

Current Yr

$17.45B

$16.28B$18.27B

vs $16.92B+3.1%

13 analysts

Next Yr

$18.27B

$17.01B$19.74B

vs $17.45B+4.7%

13 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for ED on EDGAR.

ED filing events and research context
Filed	Item	Context
May 7, 2026	mda_quarterly	Con Edison, CECONY, and O&R executed a Credit Agreement on March 11, 2026, with Bank of America, N.A. serving as Administrative Agent. Disclosure controls and procedures are effective, and no material changes occurred in internal control over financial reporting during the most recent fiscal quarter. Risk factors remain unchanged from those disclosed in the most recent Form 10-K. No directors or officers modified or adopted Rule 10b5-1 trading arrangements during the quarter ended March 31, 2026. CECONY issued an employment offer to Kamran Ziaee on September 30, 2024. Long-term debt instruments for subsidiaries other than CECONY, totaling less than ten percent of consolidated assets, were not filed as exhibits but are available upon request.
Feb 19, 2026	risk_factors	Con Edison is subject to extensive regulation by the NYSPSC and FERC, with primary risks centered on the ability to secure rate plans that provide a reasonable return and recover costs. Operational risks include potential failures of electric, gas, and steam facilities in densely populated areas, exacerbated by climate-driven events such as sea-level rise, storm surges, and extreme weather. The company faces significant cybersecurity threats to critical infrastructure, including risks from generative AI and nation-state actors. Environmental liabilities are substantial, particularly regarding Superfund sites such as the Gowanus Canal and Newtown Creek, alongside the high capital costs required to meet the Climate Leadership and Community Protection Act (CLCPA) and New York City’s Climate Mobilization Act. Financially, the company depends on subsidiary dividends to service parent-level obligations and requires consistent capital market access to fund estimated expenditures exceeding $37 billion over the next five years. Market vulnerabilities include wholesale energy price volatility and supply chain disruptions for critical components like transformers, driven by inflation and tariffs. Additionally, the transition toward distributed energy resources and building electrification poses a long-term threat to traditional gas and steam demand.
Nov 6, 2025	mda_quarterly	Net income for common stock for the nine months ended September 30, 2025, increased to $1.726 billion, driven primarily by higher electric and gas rate bases and lower commercial paper interest expenses. Liquidity remains pressured by significant aged accounts receivable, with CECONY reporting $1.511 billion in balances outstanding over 60 days. The company faces regulatory uncertainty following 2025 presidential executive orders targeting climate-related state policies and imposing tariffs on Canadian energy imports. While the NYSPSC withdrew the public policy transmission need process, offshore wind projects Sunrise Wind and Empire Wind 1 remain active. Con Edison Transmission is developing the Propel NY Energy project and evaluating strategic alternatives for its investments in the Mountain Valley Pipeline and Honeoye Storage Corporation. Long-term trends indicate rising electric demand and declining steam and gas usage to meet New York’s clean energy goals. Financial risks include a $66 million corporate alternative minimum tax liability under the Inflation Reduction Act and interest rate sensitivity on variable-rate debt. Capital requirements for CECONY are projected at approximately $5.8 billion for 2026, focusing on electric and gas infrastructure.

Filed

Item

Context

May 7, 2026

mda_quarterly

Con Edison, CECONY, and O&R executed a Credit Agreement on March 11, 2026, with Bank of America, N.A. serving as Administrative Agent. Disclosure controls and procedures are effective, and no material changes occurred in internal control over financial reporting during the most recent fiscal quarter. Risk factors remain unchanged from those disclosed in the most recent Form 10-K. No directors or officers modified or adopted Rule 10b5-1 trading arrangements during the quarter ended March 31, 2026. CECONY issued an employment offer to Kamran Ziaee on September 30, 2024. Long-term debt instruments for subsidiaries other than CECONY, totaling less than ten percent of consolidated assets, were not filed as exhibits but are available upon request.

Feb 19, 2026

risk_factors

Con Edison is subject to extensive regulation by the NYSPSC and FERC, with primary risks centered on the ability to secure rate plans that provide a reasonable return and recover costs. Operational risks include potential failures of electric, gas, and steam facilities in densely populated areas, exacerbated by climate-driven events such as sea-level rise, storm surges, and extreme weather. The company faces significant cybersecurity threats to critical infrastructure, including risks from generative AI and nation-state actors. Environmental liabilities are substantial, particularly regarding Superfund sites such as the Gowanus Canal and Newtown Creek, alongside the high capital costs required to meet the Climate Leadership and Community Protection Act (CLCPA) and New York City’s Climate Mobilization Act. Financially, the company depends on subsidiary dividends to service parent-level obligations and requires consistent capital market access to fund estimated expenditures exceeding $37 billion over the next five years. Market vulnerabilities include wholesale energy price volatility and supply chain disruptions for critical components like transformers, driven by inflation and tariffs. Additionally, the transition toward distributed energy resources and building electrification poses a long-term threat to traditional gas and steam demand.

Nov 6, 2025

mda_quarterly

Net income for common stock for the nine months ended September 30, 2025, increased to $1.726 billion, driven primarily by higher electric and gas rate bases and lower commercial paper interest expenses. Liquidity remains pressured by significant aged accounts receivable, with CECONY reporting $1.511 billion in balances outstanding over 60 days. The company faces regulatory uncertainty following 2025 presidential executive orders targeting climate-related state policies and imposing tariffs on Canadian energy imports. While the NYSPSC withdrew the public policy transmission need process, offshore wind projects Sunrise Wind and Empire Wind 1 remain active. Con Edison Transmission is developing the Propel NY Energy project and evaluating strategic alternatives for its investments in the Mountain Valley Pipeline and Honeoye Storage Corporation. Long-term trends indicate rising electric demand and declining steam and gas usage to meet New York’s clean energy goals. Financial risks include a $66 million corporate alternative minimum tax liability under the Inflation Reduction Act and interest rate sensitivity on variable-rate debt. Capital requirements for CECONY are projected at approximately $5.8 billion for 2026, focusing on electric and gas infrastructure.

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ED filing events and research context

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