Every material Form 8-K Consolidated Edison has filed with the SEC since December 05, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Consolidated Edison reported third-quarter 2026 net income of $766 million, or $2.07 per share, up from $688 million, or $1.91 per share, in the third quarter of 2025. The company also narrowed its full-year 2026 adjusted earnings per share guidance range to between $6.05 and $6.15.
Q3 2026 net income was $766 million ($2.07 per share) compared to $688 million ($1.91 per share) in Q3 2025.
First nine months of 2026 net income reached $1,998 million ($5.44 per share) versus $1,726 million ($4.84 per share) for the same period in 2025.
Full-year 2026 adjusted EPS guidance was narrowed to a range of $6.05 to $6.15 per share.
The company plans to invest approximately $797 million in climate resilience from 2026 through 2030.
Consolidated Edison reported second-quarter 2026 net income for common stock of $308 million, or $0.83 a share, up from $246 million, or $0.68 a share, a year earlier. The company reaffirmed its 2026 adjusted earnings per share guidance of $6.00 to $6.20, which excludes a gain on the sale of its MVP stake that it expects to be determined at year-end.
Q2 2026 net income for common stock was $308 million ($0.83 a share), versus $246 million ($0.68 a share) in Q2 2025.
Adjusted Q2 2026 earnings were $308 million ($0.83 a share), versus $240 million ($0.67 a share) in Q2 2025.
Six-month 2026 net income was $1,232 million ($3.37 a share), versus $1,038 million ($2.93 a share) in the first half of 2025.
2026 adjusted EPS guidance of $6.00 to $6.20 was reaffirmed; the MVP gain is excluded at $(0.37) a share after tax.
Con Edison's boards elected Tali Farhadian, a lawyer and former prosecutor, as a director effective July 1, 2026, and she joined two board committees. The filing discloses no financial figures, and the appointment does not change reported results or guidance.
Elected July 1, 2026 to the boards of Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc.
Appointed to the Safety, Environment, Operations and Sustainability Committee and the Corporate Governance and Nominating Committee
Will receive director compensation described in the 2026 proxy statement filed April 8, 2026
Will become CEO of the Museum of Jewish Heritage effective September 8, 2026
Con Edison entered into an equity distribution agreement on May 8, 2026, establishing an at-the-market program to sell up to $2,000,000,000 of its common shares over time through a group of sales agents. The company may also enter into forward sale agreements with forward purchasers, under which it would receive proceeds only upon future physical settlement, and it would pay commissions of up to 1.0% of gross sales prices.
Program covers up to $2,000,000,000 aggregate sales price of common shares ($0.10 par value), sold from time to time.
Sales agents may receive commissions of up to 1.0% of gross sales price.
Company will not initially receive proceeds from borrowed shares sold under forward sale agreements; proceeds arrive only on future physical settlement.
Exhibits include the equity distribution agreement and the form of forward sale agreement.
Con Edison reported first-quarter 2026 GAAP net income of $924 million, or $2.55 a share, up from $791 million, or $2.26 a share, a year earlier, helped by a gain on the sale of its MVP interest. Excluding such items, adjusted earnings were $790 million, or $2.18 a share, down from $792 million, or $2.26 a share, and the company reaffirmed its 2026 adjusted EPS guidance of $6.00 to $6.20 a share, so shareholders see a one-time gain lifting reported results while underlying earnings slipped slightly.
GAAP net income for common stock was $924 million, or $2.55 a share, versus $791 million, or $2.26 a share, in the first quarter of 2025.
Adjusted earnings were $790 million, or $2.18 a share, versus $792 million, or $2.26 a share, a year earlier.
The gain on the sale of the MVP equity interest was $189 million pre-tax, or $0.37 a share after tax, and the sale was completed for total consideration of $357.5 million.
The company reaffirmed its 2026 adjusted EPS guidance range of $6.00 to $6.20 a share.
Con Edison, CECONY and O&R entered a new $3.5 billion revolving credit agreement with Bank of America as administrative agent, which terminates two earlier credit facilities. The companies plan to use it mainly to support their commercial paper programs, and the facility matures March 11, 2031, subject to extension.
Total credit available is up to $3.5 billion, with $800 million for Con Edison, $250 million for O&R and the remainder for CECONY
Agreement terminates a credit agreement dated March 27, 2023 and a 364-day revolving credit agreement dated March 24, 2025
Commitments end March 11, 2031, unless extended for up to two additional one-year terms
On February 23, 2026, Con Edison entered into a forward sale agreement with JPMorgan Chase Bank covering 7,000,000 common shares, alongside an underwriting agreement for the same shares. The forward price starts at $110.81 per share, and the agreement is expected to settle by December 31, 2026. If shares are issued under the agreement, the filing says that would dilute earnings per share and return on equity.
Forward sale agreement dated February 23, 2026, with JPMorgan Chase Bank, National Association, covers 7,000,000 common shares
Initial forward price is $110.81 per share, adjusted daily for a floating interest factor and reduced for expected dividends
Settlement is expected by December 31, 2026, and will be physical unless Con Edison elects cash or net share settlement
The forward purchaser may accelerate settlement in specified events, which could require issuing shares and cause dilution to earnings per share and return on equity
Con Edison reported 2025 net income for common stock of $2,023 million, or $5.66 a share, up from $1,820 million, or $5.26 a share, in 2024, and adjusted EPS of $5.70 versus $5.40. Fourth-quarter results were lower than a year earlier, with adjusted EPS of $0.89 versus $0.98. The company expects 2026 adjusted EPS of $6.00 to $6.20 and a five-year adjusted EPS growth rate of 6% to 7%.
Full-year 2025 GAAP net income for common stock was $2,023 million, or $5.66 a share, compared with $1,820 million, or $5.26 a share, in 2024.
Full-year 2025 adjusted EPS was $5.70 versus $5.40; the CFO said this was at the top end of the company's guidance range.
Fourth-quarter 2025 GAAP net income was $297 million, or $0.82 a share, versus $310 million, or $0.90 a share, a year earlier.
For 2026, the company expects adjusted EPS of $6.00 to $6.20 and a five-year adjusted EPS growth rate of 6% to 7%.
Consolidated Edison Company of New York (CECONY) borrowed the full $500 million under a new 364-day senior unsecured term loan credit agreement on November 24, 2025. The proceeds were used to repay a portion of an unsecured term loan facility due November 2025, and CECONY may prepay the new loans before maturity.
Loan size: $500 million, with a 364-day term, signed and fully drawn on November 24, 2025
Proceeds repaid part of an unsecured term loan facility that was due in November 2025
Covenants include a consolidated debt-to-total-capital ratio not to exceed 0.65 to 1
U.S. Bank National Association is administrative agent; U.S. Bank and PNC Capital Markets LLC are joint lead arrangers and bookrunners
Con Edison reported third-quarter 2025 net income for common stock of $688 million, or $1.91 a share, up from $588 million, or $1.70 a share, a year earlier. It narrowed its 2025 adjusted earnings per share forecast to $5.60 to $5.70, from $5.50 to $5.70, and said the company's utility subsidiary reached a joint settlement on a three-year rate plan that still needs regulatory approval.
Q3 2025 net income for common stock was $688 million ($1.91 a share) vs. $588 million ($1.70 a share) in Q3 2024; adjusted EPS was $1.90 vs. $1.68.
Nine-month 2025 GAAP net income was $1,726 million ($4.84 a share) vs. $1,510 million ($4.37 a share); nine-month adjusted EPS was $4.82 vs. $4.42.
2025 adjusted EPS guidance is $5.60 to $5.70, up from $5.50 to $5.70 at the low end, and the company described it as narrowed to the upper half of the original range.
The CECONY joint proposal covers January 2026 through December 2028 and assumes a 9.40% return on equity and 48% equity ratio, subject to New York State Public Service Commission approval.
Con Edison reported second-quarter 2025 GAAP net income for common stock of $246 million, or $0.68 a share, up from $202 million, or $0.58 a share, a year earlier. Adjusted earnings per share were $0.67 compared with $0.59, and the company reaffirmed its 2025 adjusted EPS guidance of $5.50 to $5.70. For shareholders, the higher earnings and unchanged full-year outlook point to steady growth from its regulated utility operations.
Q2 2025 GAAP net income was $246 million ($0.68 a share), versus $202 million ($0.58 a share) in Q2 2024.
Q2 2025 adjusted EPS was $0.67, versus $0.59 in the prior-year quarter.
Six-month 2025 adjusted EPS was $2.91, versus $2.73 in the first six months of 2024.
The company reaffirmed 2025 adjusted EPS guidance of $5.50 to $5.70 and said it secured approval to invest $440 million in five electrification projects during the quarter.
Consolidated Edison's board elected Brendan Cavanagh, president and CEO of SBA Communications, as a director of Con Edison and its utility subsidiary, effective October 1, 2025. He was also named to the Safety, Environment, Operations and Sustainability Committees and the Audit Committees. The filing is a board addition and does not report any financial results or guidance changes.
Brendan Cavanagh elected to the Con Edison and CECONY boards on August 5, 2025, effective October 1, 2025
Appointed to the Safety, Environment, Operations and Sustainability Committees and the Audit Committees
Has been SBA Communications CEO since January 2024 and spent 15 years as SBA's CFO
Filing includes an August 6, 2025 press release announcing the appointment
Consolidated Edison reported first-quarter 2025 net income for common stock of $791 million, or $2.26 a share, up from $720 million, or $2.08 a share, a year earlier. The company reaffirmed its 2025 adjusted earnings per share forecast of $5.50 to $5.70.
Q1 2025 net income for common stock was $791 million, or $2.26 a share, compared with $720 million, or $2.08 a share, in Q1 2024.
Adjusted earnings per share (non-GAAP) were $2.26 in Q1 2025, compared with $2.15 in Q1 2024.
The company reaffirmed its 2025 adjusted EPS forecast of $5.50 to $5.70 a share.
The company issued over $1.3 billion in new common equity in the quarter, which CFO Kirk Andrews said satisfies its anticipated 2025 equity needs.
Consolidated Edison Company of New York (CECONY), a subsidiary of Consolidated Edison, entered a 364-day revolving credit agreement of up to $500 million with Bank of America as administrative agent, replacing a prior agreement that expired March 24, 2025. The facility will support CECONY's commercial paper program and general corporate purposes, with commitments ending March 23, 2026.
Facility size: up to $500 million, revolving credit from a group of lenders
Commitments terminate March 23, 2026; replaces a CECONY facility that expired March 24, 2025
Borrowings generally at variable rates; pricing reflects CECONY's credit rating
Covenant includes a debt-to-total-capital ratio not to exceed 0.65 to 1
Con Edison reported 2024 adjusted earnings of $1,868 million, or $5.40 a share, up from $5.07 a share in 2023, while GAAP net income fell to $1,820 million from $2,519 million, mainly because of a 2023 gain on the sale of its Clean Energy Businesses. For 2025, the company expects adjusted earnings of $5.50 to $5.70 a share, which would be above its 2024 adjusted result, so shareholders get a higher adjusted earnings base but a lower fourth-quarter profit trend.
Fourth-quarter 2024 GAAP net income was $310 million, or $0.90 a share, versus $335 million, or $0.97 a share, a year earlier.
Fourth-quarter 2024 adjusted earnings were $340 million, or $0.98 a share, versus $346 million, or $1.00 a share, in the 2023 period.
Full-year 2024 operating revenues were $15,256 million, up from $14,663 million in 2023.
2025 adjusted EPS guidance is $5.50 to $5.70 a share, and the company forecasts 6% to 7% five-year compounded adjusted EPS growth.
On December 3, 2024, Con Edison entered into a forward sale agreement with JPMorgan Chase Bank and an underwriting agreement with J.P. Morgan Securities LLC covering 7,000,000 common shares. Con Edison expects the forward sale to settle by December 31, 2025, and if it issues shares under physical settlement, the filing says this could dilute earnings per share and return on equity.
Forward sale agreement covers 7,000,000 common shares with JPMorgan Chase Bank, National Association, initially priced at $96.66 per share
Forward price adjusts daily based on an overnight bank funding rate less a spread, and decreases on certain dates for expected dividends
Con Edison expects settlement by December 31, 2025; the forward purchaser may accelerate settlement if certain events occur
Shares were registered under Form S-3 (No. 333-264049, effective April 1, 2022)
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