Every material Form 8-K Consolidated Edison filed with the SEC in 2025, 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 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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Consolidated Edison filing is on SEC EDGAR ↗. 8-K briefs of other companies →