NYSE$ED
Consolidated Edison Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Con Edison reported a decline in net income and EPS for Q4 2024 compared to the prior year, but adjusted earnings remained relatively stable.
Con Edison posted Q4 2024 net income of $310 million, down from $335 million in the same period last year. EPS declined to $0.90 from $0.97, while adjusted EPS dropped slightly to $0.98 from $1.00. Revenue increased to $3.67 billion, driven by higher electric and gas revenues. The company remains optimistic about future growth and infrastructure investments to support electrification.
- Q4 2024 revenue grew to $3.67 billion, up from $3.44 billion in Q4 2023.
- Net income fell to $310 million from $335 million year-over-year.
- EPS declined to $0.90, with adjusted EPS at $0.98, slightly below last year's $1.00.
- Strong investments in grid infrastructure to support electrification initiatives.
Headline financials
Revenue & EPS history
ConEd · Revenue · Quarterly
$3.67B
Revenue by segment
ConEd · $462M total across 1 segment · Q4 2022
- Non-utility$462M+92.5%100.0%
Forward guidance
Con Edison expects continued earnings growth, with 2025 adjusted EPS guidance between $5.50 and $5.70, driven by grid infrastructure investments and electrification trends.
Tailwinds
- 2025 adjusted EPS expected to be between $5.50 and $5.70.
- Projected five-year compounded annual adjusted EPS growth of 6-7%.
- Planned capital investments of $5.12 billion in 2025 and $8.07 billion in 2026.
- Expanding electrification demand from new construction and clean energy policies.
- Execution of equity forward transactions enhances financial stability.
Headwinds
- Higher interest expenses impacting profitability.
- Regulatory uncertainties could affect future rate plans.
- Increasing operating costs due to grid modernization investments.
- Potential risks from capital market fluctuations impacting financing strategies.
- Market conditions could influence the adoption rate of electrification initiatives.
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 2024
+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
| Quarter | Report date | Reaction (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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