Consolidated Edison, Inc. (ED) Earnings Call Transcripts

Consolidated Edison, Inc.'s Latest Earnings Call - October 6, 2026

In the third quarter of fiscal year 2026, Consolidated Edison, Inc. reported revenues of $4.2 billion, up from $3.9 billion in the same quarter last year, reflecting a 7.7% year-over-year increase. Earnings per share (EPS) were $1.10, beating analyst expectations by $0.05. Management maintained its long-term earnings per share compound annual growth rate (CAGR) guidance of 8.7%, despite some analysts expressing concerns about the impact of electrification on future growth. The company continues to focus on significant infrastructure investments to support New York's clean energy transition and enhance reliability.

Reported metrics

Guidance from management

Management maintained its long-term EPS CAGR guidance of 8.7%, emphasizing the enduring demand for electrification across its service territory.

What management said

The next question, the company highlights a lot of tailwinds with respect to electrification, yet the earnings CAGR is not -- has not been changed. Do you need these electrification wins to hit your earnings per share CAGR?

Great. The next question referencing 1 of the slides, did you lower your rate base growth? It's small, but did it go from 8.8 to 8.7? And what is referencing is the earnings base slide?

What analysts pressed on

Analysts expressed concerns regarding the impact of regulatory changes and the need for significant electrification wins to achieve long-term growth targets. There was also apprehension about the company's ability to manage rising costs while maintaining affordability for customers.

Main topics on the call

• Electrification Demand Surge — Management highlighted that new customer requests for electric capacity are approximately 20% higher than historical levels, driven by electrification of heating and electric vehicle charging. CEO Tim Cawley noted, "We'r...
• Infrastructure Investment Plans — Con Edison plans to invest over $1 billion in electric transmission infrastructure over the next 5 to 10 years to support the clean energy transition. This includes developing new substations and enhancing existing netwo...
• Regulatory Changes Impact — Recent amendments to New York's climate laws have delayed certain regulations, which could impact the pace of infrastructure investments. Jennifer Hensley stated, "The 2026 amendments to the CLCPA reflect the importance ...
• Reliability Performance — Con Edison's reliability performance has been recognized, with CECONY being reported as 9 times more reliable than the national average. The company has avoided an estimated 1.3 million weather-related customer outages d...

Read the full Consolidated Edison, Inc. transcript (October 6, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 Consolidated Edison, Inc. earnings call transcripts on record, spanning August 26, 2020 to October 6, 2026. Based on this history, Consolidated Edison, Inc. reports semi-annually. The most recent call on file is dated October 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ED

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Multi-Utilities

Calls on record

11

First call

August 26, 2020

Most recent

October 6, 2026

Reporting cadence

semi-annually