Consolidated Edison Set to Report Earnings Soon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2026
0mins
Should l Buy ED?
Source: Fool
- Earnings Release Date: Consolidated Edison will report its fourth-quarter and full-year earnings on February 19, and investors must own shares by February 18 to qualify for the upcoming dividend payment, which could influence buying decisions.
- Earnings Expectations: The company reported adjusted earnings of $4.82 per share through Q3, with projections for Q4 earnings between $0.78 and $0.88, indicating that despite the upward revision of guidance, stock movement post-earnings may be limited.
- Dividend Growth: The latest declared dividend is $0.8875 per share, annualized to $3.40, reflecting a 4.6% increase, which extends the company's dividend growth streak to 52 years, solidifying its position on the Dividend Kings list.
- Market Reaction: Although the stock has rallied over 17% in recent months due to falling interest rates and expectations of increased electricity demand, significant price movement post-earnings may be unlikely, prompting investors to consider their timing carefully.
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Analyst Views on ED
Wall Street analysts forecast ED stock price to fall
10 Analyst Rating
1 Buy
4 Hold
5 Sell
Moderate Sell
Current: 111.800
Low
86.00
Averages
102.00
High
118.00
Current: 111.800
Low
86.00
Averages
102.00
High
118.00
About ED
Consolidated Edison, Inc. is an energy-delivery company. The Company, through its subsidiaries, Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc., provides a range of energy-related products and services to its customers. CECONY is a regulated utility providing electric service in New York City and New York’s Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan. O&R and its utility subsidiary, Rockland Electric Company, provide electric service to customers in southeastern New York and northern New Jersey, a 1,300 square mile service area. O&R delivers gas to customers in southeastern New York. Con Edison Transmission, Inc. falls primarily under the oversight of the Federal Energy Regulatory Commission and manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Clear Use of Proceeds: The company expects to receive cash proceeds per share upon the physical settlement of the forward sale agreement, which will be allocated to fund its subsidiaries' capital requirements and other general corporate purposes, thereby enhancing financial flexibility.
- Market Reaction Insight: Despite having a clear plan for the use of funds, the market's cautious response to the offering reflects investor concerns over potential dilution, which may impact shareholder confidence moving forward.
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- Underwriting Arrangement: J.P. Morgan Securities will act as the underwriter, facilitating transactions on the New York Stock Exchange and in the over-the-counter market, providing flexible pricing strategies aimed at maximizing investor participation and market response.
- Settlement Options: The company may elect cash settlement or net share settlement instead of physical settlement, demonstrating flexibility in capital management that could influence future capital structure and liquidity.
- Risk Factor Disclosure: The announcement highlights various potential risks, including regulatory changes and market volatility, emphasizing the complexities of capital operations in uncertain environments, which may affect investor confidence and stock performance.
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- Underwriting Arrangement: J.P. Morgan Securities will act as the underwriter, facilitating transactions on the New York Stock Exchange and in the over-the-counter market, thereby ensuring liquidity and market acceptance of the offering, which enhances the company's image in capital markets.
- Settlement Flexibility: The company has the option to elect cash settlement or net share settlement instead of physical settlement, providing flexibility that will help optimize liquidity under changing market conditions and mitigate potential financial risks.
- Regulatory Compliance: The offering is made pursuant to an effective shelf registration statement, ensuring compliance with securities laws and bolstering investor confidence while laying the groundwork for future capital operations.
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- Capital Investment Plans: Con Edison plans to invest $6.595 billion and $6.759 billion in capital expenditures for 2026 and 2027, respectively, with a total of $24.339 billion expected from 2028 to 2030, demonstrating a commitment to long-term growth.
- Financing Strategy: The company intends to meet its capital requirements for 2026 through 2030 via internally-generated funds, long-term debt issuance, and public equity offerings, which will support its expansion plans and enhance financial flexibility.
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- Defensive Investment Strategy: Wells Fargo analysts highlight that utility stocks like American Water Works and Exelon can serve as strong defensive plays amid escalating market volatility due to the U.S.-Iran conflict, with expectations of continued relative outperformance in both down and up markets.
- Historical Performance Advantage: The utilities sector has historically outperformed the S&P 500 by approximately 780 basis points during global conflicts and recessions, indicating its stability and risk mitigation capabilities during uncertain times, a trend expected to persist amid the current conflict in Iran.
- AI Demand Driving Growth: With a surge in data center construction, utility companies like American Water Works are poised to benefit as they provide essential water resources for AI facility operations, with the stock rising about 8% over the past month and a current dividend yield of 2.4%.
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- Public Offering Announcement: Consolidated Edison has announced a public offering of 7 million common shares in connection with a forward sale agreement with J.P. Morgan Securities, resulting in a 1.4% decline in after-hours trading, indicating market apprehension.
- Clear Use of Proceeds: The company expects to receive cash proceeds per share upon the physical settlement of the forward sale agreement, which will be allocated to fund its subsidiaries' capital requirements and other general corporate purposes, thereby enhancing financial flexibility.
- Market Reaction Insight: Despite having a clear plan for the use of funds, the market's cautious response to the offering reflects investor concerns over potential dilution, which may impact shareholder confidence moving forward.
- Strategic Investment Focus: This public offering not only addresses the funding needs of its subsidiaries but also demonstrates the company's active engagement in the capital markets, aiming to strengthen its capital structure to support long-term growth strategies.
See More
Consolidated Edison Announces Public Offering of 7 Million Shares
- Offering Size: Consolidated Edison announced a public offering of 7 million common shares, expecting to utilize cash proceeds from the forward sale agreement with J.P. Morgan Securities for funding capital requirements of its subsidiaries and general corporate purposes, indicating a proactive investment strategy for future growth.
- Underwriting Arrangement: J.P. Morgan Securities will act as the underwriter, facilitating transactions on the New York Stock Exchange and in the over-the-counter market, providing flexible pricing strategies aimed at maximizing investor participation and market response.
- Settlement Options: The company may elect cash settlement or net share settlement instead of physical settlement, demonstrating flexibility in capital management that could influence future capital structure and liquidity.
- Risk Factor Disclosure: The announcement highlights various potential risks, including regulatory changes and market volatility, emphasizing the complexities of capital operations in uncertain environments, which may affect investor confidence and stock performance.
See More
Consolidated Edison Announces Public Offering of 7 Million Shares
- Offering Size: Consolidated Edison announced a public offering of 7 million common shares, expecting to utilize the cash proceeds from the forward sale agreement with J.P. Morgan Securities to fund its subsidiaries' capital requirements and other general corporate purposes.
- Underwriting Arrangement: J.P. Morgan Securities will act as the underwriter, facilitating transactions on the New York Stock Exchange and in the over-the-counter market, thereby ensuring liquidity and market acceptance of the offering, which enhances the company's image in capital markets.
- Settlement Flexibility: The company has the option to elect cash settlement or net share settlement instead of physical settlement, providing flexibility that will help optimize liquidity under changing market conditions and mitigate potential financial risks.
- Regulatory Compliance: The offering is made pursuant to an effective shelf registration statement, ensuring compliance with securities laws and bolstering investor confidence while laying the groundwork for future capital operations.
See More
Con Edison Raises 2026 Earnings Guidance Amid Strong Q4 Results
- Q4 Performance: Con Edison reported a non-GAAP EPS of $0.89 for Q4, with revenues reaching $4 billion, reflecting a 9.0% year-over-year increase, indicating robust market performance and enhanced profitability.
- 2026 Earnings Guidance: The company expects adjusted EPS for 2026 to range between $6.00 and $6.20, surpassing the consensus estimate of $6.01, showcasing management's confidence in future profitability and strong market demand.
- Capital Investment Plans: Con Edison plans to invest $6.595 billion and $6.759 billion in capital expenditures for 2026 and 2027, respectively, with a total of $24.339 billion expected from 2028 to 2030, demonstrating a commitment to long-term growth.
- Financing Strategy: The company intends to meet its capital requirements for 2026 through 2030 via internally-generated funds, long-term debt issuance, and public equity offerings, which will support its expansion plans and enhance financial flexibility.
See More
Con Edison Reports 2025 Net Income Growth to $2.023 Billion
- Net Income Growth: Con Edison reported a net income of $2.023 billion for 2025, translating to earnings per share of $5.66, which is a significant increase from $1.820 billion and $5.26 in 2024, showcasing the company's strong performance in the electricity and gas markets.
- Adjusted Earnings Performance: The adjusted earnings for 2025 reached $2.038 billion, or $5.70 per share, up from $1.868 billion and $5.40 in 2024, indicating the effectiveness of the company's investment strategy in the clean energy transition, thereby enhancing shareholder value.
- Future Investment Plans: Con Edison plans to invest $6.595 billion in 2026 and $6.759 billion in 2027, intending to meet its capital requirements through internally generated funds and long-term debt issuance, demonstrating confidence in future growth and ongoing infrastructure investments.
- Dividend Growth: The company has increased its dividend for the 52nd consecutive year, reflecting stable financial performance and commitment to shareholders, with 2026 adjusted earnings per share expected to range between $6.00 and $6.20, further boosting investor confidence.
See More
