NYSE$ED

Consolidated Edison Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported second quarter earnings, reflecting the impact of adverse weather events and progress in building resilient energy infrastructure and transitioning to clean energy.

Consolidated Edison reported a decrease in net income for the second quarter of 2021, with $165 million or $0.48 per share, compared to $190 million or $0.57 per share in the second quarter of 2020. Adjusted earnings were $182 million or $0.53 per share, compared to $201 million or $0.60 per share in the same period last year.

  • Net income for common stock was $165 million or $0.48 a share in Q2 2021, compared to $190 million or $0.57 a share in Q2 2020.
  • Adjusted earnings were $182 million or $0.53 a share in Q2 2021, compared to $201 million or $0.60 a share in Q2 2020.
  • Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.15 to $4.35 per share for the year of 2021.
  • Company continued to make progress on building smarter, more resilient energy infrastructure and transitioning to a clean energy future.

Headline financials

Total Revenue

$2.97B

Previous: $2.72B+9.3%
EPS (adj)

$0.53

Previous: $0.60-11.7%
Capital Expenditures

-$1.78B

Previous: -$1.53B-16.6%
Free Cash Flow

-$1.62B

Previous: -$1.34B-20.8%
Net Income

$165M

Previous: $190M-13.2%
Operating Income

$418M

Previous: $479M-12.7%
Gross Profit

$2.97B

Previous: $2.72B+9.3%
Cash & Equivalents

$1.07B

Previous: $1.14B-6.7%
Total Assets

$62.9B

Previous: $59.1B+6.5%

Revenue & EPS history

ConEd · Revenue · Quarterly

$2.97B

Q2 2021+9.3%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

ConEd · $462M total across 1 segment · Q4 2022

  • Non-utility
    $462M+92.5%

Forward guidance

Con Edison reaffirmed its previous forecast of adjusted earnings per share to be in the range of $4.15 to $4.35 per share for the year of 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.5%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+4.4%

Q2 2024

Best reaction

-6.0%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%-0.5%-0.1%
Q4 2025-1.0%-0.8%-2.2%
Q3 2025+1.7%+3.3%-0.4%
Q2 2025-0.5%-1.3%-6.6%
Q1 2025-2.4%-1.4%-7.2%
Q4 2024+2.6%+4.4%+12.6%
Q3 2024-0.8%-1.9%-4.2%
Q2 2024+4.4%+3.5%+4.1%
Q1 2024+0.8%+2.8%-0.3%
Q4 2023+0.6%+0.9%+2.4%
Q3 2023+1.0%+0.4%+2.8%
Q2 2023-4.3%-2.3%-5.3%
Q1 2023+1.5%+0.7%-6.4%
Q4 2022+2.2%+1.7%+4.9%
Q3 2022+2.1%+0.1%+10.4%
Q2 2022-0.9%+0.8%+0.4%
Q1 2022+0.5%-0.9%+4.7%
Q4 2021+4.4%+4.5%+9.4%
Q3 2021+1.6%+1.1%+4.6%
Q2 2021+0.9%+2.0%+1.9%
Q1 2021+1.6%+3.2%+0.5%
Q4 2020-2.8%-3.5%+3.1%
Q3 2020-2.2%+3.2%-5.3%
Q2 2020+2.0%-0.5%-0.8%
Q1 2020-0.3%-3.8%+1.3%
Q4 2019-3.9%-6.0%-22.7%
Q3 2019-3.1%-3.5%-4.8%
Q2 2019+1.4%+2.0%+4.6%
Q1 2019+0.9%-0.0%+1.3%
Q4 2018+3.9%+3.0%+7.5%
Q3 2018-1.9%+1.6%+5.7%
Q2 2018+1.7%+1.0%+1.5%
Q1 2018+0.0%-3.8%-4.7%
Q4 2017+2.5%+0.6%+2.1%
Q3 2017+1.4%+2.2%+3.5%
Q2 2017+0.1%+1.6%+1.6%
Q1 2017+1.3%+0.1%+6.1%
Q4 2016-0.3%+1.1%+4.0%
Q3 2016-0.1%+2.0%-5.6%
Q2 2016-1.5%-1.0%-4.2%
Q1 2016-2.7%
Q4 2015+1.3%
Q3 2015-6.0%
Q2 2015+2.7%
Q1 2015-0.0%
Q4 2014-2.5%
Q3 2014-1.7%
Q2 2014+3.9%
Q1 2014-2.8%
Q4 2013+1.0%
Q3 2013-0.1%
Q2 2013+0.8%
Q1 2013+0.5%
Q4 2012+0.5%
Q3 2012-2.4%
Q2 2012+0.3%
Q1 2012+0.1%
Q4 2011-0.0%
Q3 2011+0.9%
Q2 2011-2.6%
Q4 2010+0.2%
Q1 2011+0.7%
Q3 2010+2.0%
Q4 2009+1.6%
Q2 2010+1.6%
Q1 2010+0.5%
Q2 2009-0.9%
Q3 2009+0.5%

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