NYSE$ED

Consolidated Edison Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Con Edison reported solid financial results and focused on cleaner energy future.

Con Edison reported a net income of $295 million or $0.89 per share for the fourth quarter of 2019, compared to $331 million or $1.06 per share in 2018. Adjusted earnings were $288 million or $0.87 per share, compared to $243 million or $0.77 per share in the same period of 2018. The company delivered solid financial results while addressing challenges and focusing on a cleaner energy future.

  • Con Edison delivered solid financial results while meeting many challenges in 2019.
  • The company remained focused on leading the way towards a cleaner energy future.
  • Recently approved three-year rate plans are essential to helping New York State achieve its clean energy goals.
  • Con Edison is strengthening energy efficiency programs and offering customer incentives for clean energy alternatives.

Headline financials

Total Revenue

$2.95B

Previous: $2.95B+0.1%
EPS (adj)

$0.87

Previous: $0.77+13.0%
Capital Expenditures

$3.53B

Previous: $5.06B-30.1%
Free Cash Flow

-$2.36B

Previous: -$3.96B+40.4%
Net Income

$313M

Previous: $331M-5.4%
Operating Income

$565M

Previous: $657M-14.0%
Gross Profit

$1.6B

Previous: $1.46B+9.6%
Cash & Equivalents

$981M

Previous: $895M+9.6%
Total Assets

$58.1B

Previous: $53.9B+7.7%

Revenue & EPS history

ConEd · Revenue · Quarterly

$2.95B

Q4 2019+0.1%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

ConEd · $164M total across 1 segment · Q4 2019

  • Non-utility
    $164M

Forward guidance

The company expects its adjusted earnings per share for the year 2020 to be in the range of $4.30 to $4.50 a share. Adjusted earnings per share exclude the effects of HLBV accounting for tax equity investments in certain of the Clean Energy Businesses' renewable electric production projects (approximately $(0.19) a share).

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 Q4 2019

Historical avgQ4 2019

+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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