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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2nd Quarter 2026 earnings on August 6, 2026 after the market closes.

Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., 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; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., a regulated company primarily under the oversight of the Federal Energy Regulatory Commission, that develops and invests in electric transmission projects and owns interests in both electric and gas assets.

SOURCE Consolidated Edison, Inc.

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Tali Farhadian Will Join the Company's Board of Directors;
Appointment Effective July 1, 2026

, /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE:ED) today announced that its Board of Directors elected Tali Farhadian to Con Edison's Board of Directors, effective July 1, 2026.

Ms. Farhadian is an accomplished lawyer and former prosecutor with deep legal and regulatory experience, as well as a civic advocate. She serves as a Trustee of the New York Public Library, and recently completed seven years of service on the Yale University Council. Effective September 8, 2026, she will become the Chief Executive Officer of the Museum of Jewish Heritage - A Living Memorial to the Holocaust.

Ms. Farhadian began her legal career clerking for Judge Merrick Garland at the U.S. Court of Appeals for the D.C. Circuit and U.S. Supreme Court Justice Sandra Day O'Connor. She served in the Office of the U.S. Attorney General, the U.S. Attorney's Office for the Eastern District of New York, and as General Counsel of the King's County District Attorney's Office.

She has also worked in private law practice, and has taught at New York University Law School and Columbia Law School. Ms. Farhadian is active in New York's civic life through board work and advocacy, and she was a candidate for Manhattan District Attorney in 2021. She holds a bachelor's degree and a law degree from Yale University, and a master's degree from Oxford University where she was a Rhodes Scholar. 

Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., 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; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., a regulated company primarily under the oversight of the Federal Energy Regulatory Commission, that develops and invests in electric transmission projects and owns interests in both electric and gas assets.

SOURCE Consolidated Edison, Inc.

Item 1 of 4 Reuters U.S. Power Correspondent Laila Kearney speaks with Consolidated Edison CEO Tim Cawley during Reuters Global Energy Forum in New York City, U.S., June 23, 2026 Julian Guidera/Handout via REUTERS

[1/4]Reuters U.S. Power Correspondent Laila Kearney speaks with Consolidated Edison CEO Tim Cawley during Reuters Global Energy Forum in New York City, U.S., June 23, 2026 Julian Guidera/Handout via... Purchase Licensing Rights, opens new tab Read more

June 23 (Reuters) - Consolidated Edison (ED.N), opens new tab CEO Tim Cawley, speaking at the Reuters Global Energy Forum in New ​York on Tuesday, said the utility must upsize ‌parts of its grid equipment to withstand longer and hotter heat waves, while avoiding a fundamental overhaul of the system.

U.S. utilities have ​invested heavily to upgrade electric grids as they ​face extreme weather and growing demand from power-hungry ⁠data centers.

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• "Long, deep heat waves wear on our equipment," ​Cawley said. "So we've got to upsize the equipment sort of ​to meet that moment," he added.

• Cawley added that New York does not need a fundamental grid overhaul, but should better use ​rooftop solar, batteries, demand response and grid data to ​improve efficiency and contain costs.

• He noted that while Con Edison ‌is ⁠seeing increased demand from data centers, it is at around 60 megawatts, compared with the roughly 800-megawatt scale cited by some utilities, with electrification of transport and heating remaining ​the main ​drivers of ⁠load growth.

• He also backed utility-owned large-scale renewables, especially upstate projects linked by transmission to ​downstate demand centers.

• Cawley said artificial intelligence ​and ⁠enhanced real-time visibility into the grid could further improve operations. With more data from smart meters and system telemetry, the ⁠company ​can optimize voltage, reduce consumption, cut ​emissions and lower customer bills while maintaining reliability.

Reporting by Laila Kearney in ​New York and Pranav Mathur in Bengaluru; Editing by Matthew Lewis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Hyperfine Swoop® System Scan Volume in the United States Hits Record Milestones Across Multiple Sites of Care Hyperfine, Inc. (Nasdaq: HYPR), the groundbreaking health technology company that has redefined brain imaging with the first FDA-cleared AI-powered portable MRI system for the brain—the Swoop® system—today announced the achievement of scan volume milestones in key hospitals and neurology clinics, demonstrating accelerating clinical utilization and adoption of the Swoop® system throughout the United States.

The increasing clinical use of the Swoop® system is driven by several factors: enhanced clinical utility from improved image quality, growing evidence of its economic value, and expanding adoption across new care settings, including neurology clinics and the emergency department (ED). The most successful Swoop® system programs are driven by visionary healthcare leaders who are passionate about addressing the challenges of MRI availability and recognize the clinical and economic value of portable MRI in expanding patient access to imaging.

Jennifer Villa Frabizzio, MD, Chief of Neuroradiology at Jefferson Abington Hospital, who has used the Swoop® system for over three years, commented, “We are excited to have surpassed one thousand Swoop® system scans, making us the highest volume center in the United States. Since we have such a robust Swoop® system program, we decided to evaluate the impact to our hospital, which was recently published in a peer-reviewed journal. We were impressed to find that increasing access to imaging with the Swoop® system not only improved patient care but also delivered meaningful cost savings, significantly reduced MRI wait times in the ICU and ED, and improved patient progression throughout the hospital. Recently, we have also started using the Swoop® system for outpatient brain MRI to reduce wait times for patients at outpatient clinics.” As healthcare systems face mounting pressure to improve both efficiency and quality of care, Jefferson Abington's experience provides compelling evidence that portable brain MRI offers strong clinical utility and a favorable health economic profile, particularly at scale.

CHRISTUS Mother Frances, one of the first sites to adopt the next-generation Swoop® system, crossed the 500-scan milestone in just nine months, driven by integrating the Swoop® system into a scalable stroke program. As adoption continues to accelerate, Chief Medical Officer at the center, Mark Anderson, MD, shared, “The Swoop® system has had such a big impact improving patient care and hospital efficiency with our stroke patients in the main hospital ED, we purchased an additional system to place in a satellite ED to help triage stroke patients – enabling faster patient care and avoiding unnecessary admissions and transport costs. We are also pioneering use in the operating room, becoming the first in the United States to conduct transsphenoidal tumor resection using the Swoop® system pre- and post-operatively to confirm surgical success.”

Clinical use of the Swoop® system is accelerating in neurology offices, where it has quickly become a valuable extension of the diagnostic workflow since its introduction in mid-2025. Neurology of Central Florida has already exceeded 500 in-office MRI scans, demonstrating how point-of-care imaging enables neurologists to complete diagnostic evaluations within their own practice. As Alicia Cabrera, MD, noted, “The Swoop® System is an excellent tool to expedite the diagnostic process—it’s the missing link we didn’t have before. Patients used to wait weeks for imaging and results; now we can often get answers within 24 to 72 hours, allowing faster decisions and helping avoid unnecessary emergency room visits.” The Swoop® system provides a more comfortable and convenient patient experience, supported by NEURO PMR findings showing a 4:1 patient preference for portable MRI. It is now routinely used for outpatient applications, including headache, dementia, multiple sclerosis surveillance, and emerging brain health assessments.

“The experiences at Jefferson Abington, CHRISTUS Mother Frances, and Neurology of Central Florida reflect what we hear consistently from clinicians—timely access to MRI remains a meaningful challenge and portable MRI is helping address that need,” said Maria Sainz, President and CEO of Hyperfine. “By eliminating the barriers that have long defined conventional MRI—wait times, technologist shortages, cost, and immobility—the Swoop® system enables faster decision-making across the hospital and beyond. At Hyperfine, we have redefined what MRI delivery looks like, and we remain committed to supporting brain health by making high-quality imaging available to more patients across more care settings.”

Hear more from these hospital centers in our recent webinar on how portable MRI is transforming stroke care.

For more information about the Swoop® system, please visit HyperfineMRI.com.

About the Swoop® Portable MRI Systems
The Swoop® Portable MR Imaging® Systems are U.S. Food and Drug Administration (FDA) cleared for brain imaging of patients of all ages. They are portable, ultra-low-field magnetic resonance imaging devices for producing images that display the internal structure of the head where full diagnostic examination is not clinically practical. When interpreted by a trained physician, these images provide information that can be useful in determining a diagnosis.

About Hyperfine, Inc.
Hyperfine, Inc. (Nasdaq: HYPR) is the groundbreaking health technology company that has redefined brain imaging with the Swoop® system—the first FDA-cleared, portable, ultra-low-field, magnetic resonance brain imaging system capable of providing imaging at multiple points of professional care. The mission of Hyperfine, Inc. is to revolutionize patient care globally through transformational, accessible, clinically relevant diagnostic imaging. Founded by Dr. Jonathan Rothberg in a technology-based incubator called 4Catalyzer, Hyperfine, Inc. scientists, engineers, and physicists developed the Swoop® system out of a passion for redefining brain imaging methodology and how clinicians can apply accessible diagnostic imaging to patient care. For more information, visit HyperfineMRI.com.

Hyperfine, the Hyperfine logo, Swoop, and Portable MR Imaging are registered trademarks of Hyperfine. The Swoop logo, Optive AI logo, and Optive AI are trademarks of Hyperfine.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Actual results of Hyperfine, Inc. (the “Company”) may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s goals and commercial plans, the benefits of the Company’s products and services, and the Company’s future performance and its ability to implement its strategy, including its entrance into new markets. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the success, cost and timing of the Company’s product development and commercialization activities, including the degree that the Swoop® system is accepted and used by healthcare professionals; the Company’s inability to grow and manage growth profitably and retain its key employees; changes in applicable laws or regulations; the inability of the Company to raise financing in the future ; the inability of the Company to progress on product advancements and improvements ; the inability of the Company to obtain and maintain regulatory clearance or approval for its products, and any related restrictions and limitations of any cleared or approved product; the inability of the Company to identify, in-license or acquire additional technology; the inability of the Company to maintain its existing or future license, manufacturing, supply and distribution agreements and to obtain adequate supply of its products; the inability of the Company to compete with other companies currently marketing or engaged in the development of products and services that the Company is currently marketing or developing; the size and growth potential of the markets for the Company’s products and services, and its ability to serve those markets, either alone or in partnership with others; the pricing of the Company’s products and services and reimbursement for medical procedures conducted using the Company’s products and services; existing and potential future National Institutes of Health funding pressures; existing and potential future effects from U.S. export controls and tariffs; the Company’s estimates regarding expenses, revenue, capital requirements and needs for additional financing; the Company’s financial performance; and other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission, including those under “Risk Factors” therein. The Company cautions readers that the foregoing list of factors is not exclusive and that readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260618936203/en/

The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Consolidated Edison (ED - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Consolidated Edison is one of 110 individual stocks in the Utilities sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Consolidated Edison is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ED's full-year earnings has moved 0.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, ED has moved about 8.5% on a year-to-date basis. Meanwhile, stocks in the Utilities group have gained about 5.8% on average. This means that Consolidated Edison is performing better than its sector in terms of year-to-date returns.

Another stock in the Utilities sector, Energias de Portugal (EDPFY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 12.6%.

Over the past three months, Energias de Portugal's consensus EPS estimate for the current year has increased 0.3%. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Consolidated Edison is a member of the Utility - Electric Power industry, which includes 60 individual companies and currently sits at #159 in the Zacks Industry Rank. On average, stocks in this group have gained 6.1% this year, meaning that ED is performing better in terms of year-to-date returns. Energias de Portugal is also part of the same industry.

Investors with an interest in Utilities stocks should continue to track Consolidated Edison and Energias de Portugal. These stocks will be looking to continue their solid performance.

Key Takeaways U.S. consumer sentiment hit a record low amid inflation spikes and Middle East conflict concerns.ATO, ED, NWN, BGS and SFD show earnings estimate upgrades and low-beta defensive appeal.Global oil prices jumped over 30%, while inflation expectations climbed sharply in April. Americans are worried about the economy’s health as uncertainty over an end to the U.S.-Iran conflict and soaring inflation are dampening their sentiment. Consumer sentiment hit an all-time low in April as disruptions in shipping at the Strait of Hormuz saw prices of not only oil rise but also several other commodities surge over the past month.

Also, inflation rose in March to its highest level in nearly a year, dashing hopes of a rate cut by the Federal Reserve anytime soon. We, thus, recommend buying five defensive stocks from the utility and consumer staples sectors, namely, Atmos Energy Corporation (ATO - Free Report) , Consolidated Edison, Inc. (ED - Free Report) , Northwest Natural Holding Company (NWN - Free Report) , B&G Foods, Inc. (BGS - Free Report) and Smithfield Foods, Inc. (SFD - Free Report) .

These stocks have seen positive earnings estimate revisions in the past 60 days, carry a Zacks Rank #1 (Strong Buy) or 2 (Buy), and are set for solid returns. You can see the complete list of today’s Zacks #1 Rank stocks here.

Consumer Sentiment Plunges to Record LowThe University of Michigan reported that its Consumer Sentiment Index dropped to a final reading of 49.8 in April, plunging to an all-time low. Although the final reading was a slight improvement from the preliminary reading of 47.6, the economic outlook looks grim.

The marginal improvement came after the United States announced a two-week ceasefire in the Iran war. However, the ceasefire has looked fragile, and negotiations have failed, raising concerns over a peace deal anytime soon.

Global oil prices have surged more than 30% since the beginning of the Middle East conflict. Disruptions in ships passing the Strait of Hormuz have also seen a surge in prices of other key commodities, including fertilizers, petrochemicals, semiconductors and aluminum.

Also, the consumer expectations for inflation over the next 12-month period climbed to 4.7% in April from 3.8% in the prior month. Consumers’ long-term expectations for inflation jumped to 3.5% this month from 3.2% reported in March.

Inflation has been a recurring issue for both consumers and the Federal Reserve. The consumer price index (CPI) surged 0.9% sequentially in March from February’s jump of 2.4%, the Commerce Department reported last week. This takes the annual inflation rate to 3.3% and, the highest level since May 2024.

High inflation has posed a major challenge for the Federal Reserve, compelling it to keep interest rates unchanged this year. Investors now fear that there could be no rate cuts this year.

5 Low-Beta Defensive Stocks With Growth PotentialAtmos Energy CorporationAtmos Energy Corporation, along with its subsidiaries, is engaged in the regulated natural gas distribution and storage business. ATO serves nearly 3.3 million customers in more than 1,400 communities across eight states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West. Atmos Energy operates more than 73,000 miles of transmission and distribution lines as well as 5,700 miles of interstate pipelines.

Atmos Energy has an expected earnings growth rate of 11% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1% over the last 60 days. ATO currently has a Zacks Rank of 2, a beta of 0.69 and a current dividend yield of 2.16%.

Consolidated EdisonConsolidated Edison, Inc. is a diversified utility holding company with subsidiaries engaged in both regulated and unregulated businesses. ED’s regulated businesses operate through its subsidiaries — Consolidated Edison Company of New York, Orange and Rockland Utilities, Con Edison Clean Energy Businesses, Inc., and Con Edison Transmission, Inc.

Consolidated Edison has an expected earnings growth rate of 6.5% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1% over the last 60 days. ED presently has a Zacks Rank #2. Consolidated Edison has a beta of 0.34 and a current dividend yield of 3.26%.

Northwest Natural Holding CompanyNorthwest Natural Holding Company builds and maintains natural gas distribution systems, as well as invests in natural gas pipeline projects through its subsidiaries. NWN serves residential, commercial and industrial customers primarily in the United States, Canada and the Service Territory.

Northwest Natural Holding Company has an expected earnings growth rate of 4.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1% over the last 60 days. Zacks Rank 2 NWN has a beta of 0.50 and a current dividend yield of 3.69%.

B&G FoodsB&G Foods, Inc. boasts of a diversified portfolio of more than 45 brands, including B&G, B&M, Cream of Wheat, Las Palmas, Mama Mary's, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Pirate's Booty, Polaner, SnackWell's, Spice Islands and Victoria. Many of these brands hold leading market shares in different regions. BGS frequently engages in acquisitions and innovations to further strengthen its portfolio.

B&G Foods has an expected earnings growth rate of 5.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8% over the last 60 days. Zacks Rank 2 B&G Food has a beta of 0.46 and a current dividend yield of 14.21%.

Smithfield FoodsSmithfield Foods, Inc. is a pork producer and food-processing company. SFD is based in Smithfield, VA.

Smithfield Foods has an expected earnings growth rate of 7.5% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.8% over the last 60 days. Currently, Smithfield Foods carries a Zacks Rank 1. It has a dividend yield of 4.26%.

Consolidated Edison (ED - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis utility is expected to post quarterly earnings of $2.32 per share in its upcoming report, which represents a year-over-year change of +3.1%.

Revenues are expected to be $4.95 billion, up 3.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 4.51% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Con Ed?For Con Ed, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.82%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Con Ed will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Con Ed would post earnings of $0.84 per share when it actually produced earnings of $0.89, delivering a surprise of +5.95%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Con Ed doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAmong the stocks in the Zacks Utility - Electric Power industry, Exelon (EXC - Free Report) , is soon expected to post earnings of $0.89 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -3.3%. This quarter's revenue is expected to be $6.91 billion, up 2.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Exelon has been revised 9.8% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.19%, reflecting a lower Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Exelon will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

, /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2026 first quarter net income for common stock of $924 million or $2.55 a share compared with $791 million or $2.26 a share in the 2025 first quarter. Adjusted earnings (non-GAAP) were $790 million or $2.18 a share in the 2026 period compared with $792 million or $2.26 a share in the 2025 period. Adjusted earnings and adjusted earnings per share in the 2026 period exclude transaction costs associated with the strategic alternatives review of Con Edison's equity investments in Mountain Valley Pipeline, LLC (MVP) and Honeoye Storage Corporation (Honeoye) and the gain on the sale of Con Edison's equity interest in MVP. Adjusted earnings and adjusted earnings per share in the 2026 and 2025 periods exclude accretion of the basis difference of Con Edison's equity interest in MVP. Adjusted earnings and adjusted earnings per share in the 2025 period exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments.

"Our first-quarter results reflect the strength and durability of our regulated businesses, with reaffirmed adjusted earnings per share guidance driven by continued operational excellence and industry-leading reliability," said Tim Cawley, Chairman and CEO of Con Edison. "We deliver essential energy services to the nation's largest and most economically significant market, and the performance of our system underscores the value of disciplined investment.

"Electrification of heating and transportation is accelerating at an unprecedented pace, driven by years of state and local policy that have been reinforced by strong customer preference and sustained economic growth in our region," Cawley added. "We are investing proactively to meet this growth - building new substations, maintaining robust design standards in our networks and fortifying our system against extreme weather - while managing costs and supporting affordability. Our dedicated team, technical expertise, operational efficiency, and investment strategy continue to drive long-term value for our investors, customers and communities."

"As our customers adopt cleaner energy technologies, we remain focused in 2026 on delivering value for customers and shareholders through disciplined execution of our three-year investment plan at Con Edison of New York," said Kirk Andrews, Senior Vice President and CFO. "We are making infrastructure investments across both utilities to ensure our system remains resilient and reliable as demand grows, while we continue to manage costs and deliver projects on budget.

"Based on our results for the quarter and outlook for the remainder of the year we are reaffirming our Adjusted EPS guidance range for 2026," Andrews added. "During the first quarter, we settled a forward sale agreement for 7 million shares of common stock, generating proceeds to support investment in our energy systems. We also completed the sale of our interest in Mountain Valley Pipeline, LLC for total consideration of $357.5 million."

For the year of 2026, Con Edison reaffirmed its adjusted earnings per share (non-GAAP) to be in the range of $6.00 to $6.20 per share. Adjusted earnings per share excludes the gain on the sale of Con Edison's equity interest in MVP ($(0.37) a share after-tax), accretion of the basis difference of Con Edison's equity interest in MVP ($(0.01) a share after-tax), transaction costs associated with the strategic alternatives review of Con Edison's equity investments in MVP and Honeoye and HLBV accounting for tax equity investments, the amount of which will not be determinable until year-end. Accordingly, the company is unable to provide equivalent measures determined in accordance with generally accepted accounting principles in the United States of America (GAAP).

CON EDISON REPORTS 2026 FIRST QUARTER EARNINGS
See Attachment A to this press release for a reconciliation of Con Edison's reported earnings per share to adjusted earnings per share and reported net income for common stock to adjusted earnings for the three months ended March 31, 2026 and 2025. See Attachment B for the estimated effect of major factors resulting in variations in earnings per share and net income for common stock for the three months ended March 31, 2026 compared to the 2025 period.

The company's 2026 First Quarter Form 10-Q is being filed with the Securities and Exchange Commission. A first quarter 2026 earnings release presentation will be available at www.conedison.com. (Select "For Investors" and then select "Press Releases.")

CON EDISON REPORTS 2026 FIRST QUARTER EARNINGS
This press release contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as "forecasts," "expects," "estimates," "anticipates," "intends," "believes," "plans," "will," "target," "guidance," "potential," "goal," "consider" and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made, and accordingly speak only as of that time.

Actual results or developments might differ materially from those included in the forward-looking statements because of various factors such as those identified in reports Con Edison has filed with the Securities and Exchange Commission, including that Con Edison's subsidiaries are extensively regulated and may be subject to substantial penalties; its utility subsidiaries' rate plans may not provide a reasonable return; it may be adversely affected by changes to the utility subsidiaries' rate plans; the failure of, or damage to, its subsidiaries' facilities could adversely affect it; a cyber attack could adversely affect it; artificial intelligence is an emerging area of technology that has the potential to impact various aspects of its and its subsidiaries' business operations and customer interactions; the failure of processes and systems, the failure to retain and attract employees and contractors, and their negative performance could adversely affect it; it is exposed to risks from the environmental consequences of its subsidiaries' operations, including increased costs related to climate change; its ability to pay dividends or interest depends on dividends from its subsidiaries; changes to tax laws could adversely affect it; it requires access to capital markets to satisfy funding requirements; a disruption in the wholesale energy markets, increased commodity costs or failure by an energy supplier or customer could adversely affect it; it faces risks related to health epidemics and other outbreaks; its strategies may not be effective to address changes in the external business environment; it faces risks related to supply chain disruptions, inflation and the imposition of tariffs (or subsequent changes to tariffs once announced or implemented); and it also faces other risks that are beyond its control. This list of factors is not all-inclusive because it is not possible to predict all factors that could cause actual results or developments to differ from the forward-looking statements. Con Edison assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

This press release also contains financial measures, adjusted earnings and adjusted earnings per share, that are not determined in accordance with GAAP. These non-GAAP financial measures should not be considered as an alternative to net income for common stock or net income per share, respectively, each of which is an indicator of financial performance determined in accordance with GAAP. Adjusted earnings and adjusted earnings per share exclude from net income for common stock and net income per share, respectively, certain items that Con Edison does not consider indicative of its ongoing financial performance such as the effects of HLBV accounting for tax equity investments and accretion of the basis difference of Con Edison's equity interest in MVP, transaction costs associated with the strategic alternatives review of Con Edison's equity investments in MVP and Honeoye and the gain on the sale of Con Edison's equity interest in MVP. Management uses these non-GAAP financial measures to facilitate the analysis of Con Edison's financial performance as compared to its internal budgets and previous financial results and to communicate to investors and others Con Edison's expectations regarding its future earnings and dividends on its common stock. Management believes that these non-GAAP financial measures are also useful and meaningful to investors to facilitate their analysis of Con Edison's financial performance.

CON EDISON REPORTS 2026 FIRST QUARTER EARNINGS
Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), 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; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., a regulated company primarily under the oversight of the Federal Energy Regulatory Commission, that develops and invests in electric transmission projects and owns interests in both electric and gas assets.

Attachment A

For the Three Months Ended

March 31,

Earnings

per Share

Net Income for
Common Stock

(Millions of Dollars)

2026

2025

2026

2025

Reported earnings per share (basic) and net income for common stock (GAAP basis)               

$2.55

$2.26

$924

$791

Accretion of the basis difference of Con Edison's equity investment in
MVP (pre-tax)

(0.01)

(0.01)

(3)

(3)

Income taxes (a)

—

—

1

1

Accretion of the basis difference of Con Edison's equity investment in MVP
(net of tax)

(0.01)

(0.01)

(2)

(2)

Transaction costs associated with the strategic alternatives review of
Con Edison's equity investments in MVP and Honeoye (pre-tax)

0.01

—

3

—

Income taxes (b)

—

—

(1)

—

Transaction costs associated with the strategic alternatives review of Con
Edison's equity investments in MVP and Honeoye (net of tax)

0.01

—

2

—

Gain on the sale of Con Edison's equity interest in MVP (pre-tax)

(0.52)

—

(189)

—

Income taxes (c)

0.15

—

55

—

Gain on the sale of Con Edison's equity interest in MVP (net of tax)

(0.37)

—

(134)

—

HLBV effects (pre-tax)

—

0.01

—

4

Income taxes (d)

—

—

—

(1)

HLBV effects (net of tax)

—

0.01

—

3

Adjusted earnings per share and adjusted earnings (non-GAAP basis)

$2.18

$2.26

$790

$792

(a) 

The amount of income taxes was calculated using a combined federal and state income tax rate of 25% for the three months ended March 31, 2026 and 21% for the three months ended March 31, 2025.

(b) 

The amount of income taxes was calculated using a combined federal and state income tax rate of 26% for the three months ended March 31, 2026.

(c) 

The amount of income taxes was calculated using a combined federal and state income tax rate of 29% for the three months ended March 31, 2026.

(d) 

The amount of income taxes was calculated using a combined federal and state income tax rate of 23% for the three months ended March 31, 2025.

Attachment B

Variation for the Three Months Ended March 31, 2026 vs. 2025

Net Income for
Common Stock
(Net of Tax) 
(Millions of
Dollars)

Earnings

per Share

CECONY (a)

Higher electric rate base

$15

$0.04

Higher gas rate base

14

0.04

Higher income from allowance for funds used during construction

2

0.01

Higher electric, gas and steam operations and maintenance expense

(28)

(0.08)

Higher interest expense on long-term debt

(9)

(0.03)

Higher corporate expenses

(5)

(0.01)

Dilutive effect of issuance of common shares

—

(0.08)

Other

(1)

—

Total CECONY

(12)

(0.11)

O&R (a)

Electric base rate increase

5

0.01

Gas base rate increase

3

0.01

Higher interest expense on long-term debt

(3)

(0.01)

Other

2

—

Total O&R

7

0.01

Con Edison Transmission

Gain on the sale of Con Edison's equity interest in MVP

134

0.37

Transaction costs associated with the strategic alternatives review of Con Edison's equity                               
investments in MVP and Honeoye

(2)

(0.01)

Other

1

0.01

Total Con Edison Transmission

133

0.37

Other, including parent company expenses (b)

HLBV effects

3

0.01

Other

2

0.01

Total Other, including parent company expenses

5

0.02

Total Reported (GAAP basis)

$133

$0.29

Gain on the sale of Con Edison's interest in MVP

(134)

(0.37)

HLBV effects

(3)

(0.01)

Transaction costs associated with the strategic alternatives review of Con Edison's equity
investments in MVP and Honeoye

2

0.01

Total Adjusted (Non-GAAP basis)

$(2)

$(0.08)

(a) 

Under the revenue decoupling mechanisms in the Utilities' New York electric and gas rate plans, revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved. The Utilities' gas and CECONY's steam sales are subject to a weather normalization clause, as a result of which, delivery revenues reflect normal weather conditions during the heating season. In general, the Utilities recover on a current basis the fuel, gas purchased for resale and purchased power costs they incur in supplying energy to their full-service customers. Accordingly, such costs do not generally affect Con Edison's results of operations.

(b) 

Other includes the parent company, Con Edison's tax equity investments, consolidation adjustments and Broken Bow II, the deferred project that was classified as held for sale at December 31, 2024, the sale and transfer of which was completed in January 2025.

SOURCE Consolidated Edison, Inc.

Consolidated Edison (ED - Free Report) came out with quarterly earnings of $2.17 per share, missing the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -6.63%. A quarter ago, it was expected that this utility would post earnings of $0.84 per share when it actually produced earnings of $0.89, delivering a surprise of +5.95%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Con Ed, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $5.1 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.98%. This compares to year-ago revenues of $4.8 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Con Ed shares have added about 7.6% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Con Ed?While Con Ed has performed in line with the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Con Ed was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $3.73 billion in revenues for the coming quarter and $6.07 on $17.34 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, AES (AES - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 13.

This power company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +85.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

AES's revenues are expected to be $3.1 billion, up 6% from the year-ago quarter.

Key Takeaways ED Q1 adjusted EPS missed estimates, while revenues rose 6.2% year over year to $5.1 billion.Consolidated Edison completed the sale of its 6.6% stake in MVP for $357.5 million.ED reaffirmed 2026 adjusted EPS guidance of $6.00-$6.20 and plans $38B in investments. Consolidated Edison, Inc. (ED - Free Report) reported first-quarter 2026 adjusted earnings of $2.17 per share, which missed the Zacks Consensus Estimate of $2.32 by 6.6%. The bottom line declined 3.6% from $2.25 recorded in the prior-year quarter.

The company reported GAAP earnings of $2.55 per share, up from $2.26 recorded in the year-ago quarter.

ED’s Total RevenuesIn the reported quarter, Consolidated Edison's total operating revenues of $5.1 billion surpassed the Zacks Consensus Estimate of $4.95 billion by 3%. The top line increased 6.2% from $4.8 billion reported in the year-ago quarter.

ED’s Segmental Details Electric revenues totaled $3.04 billion, which increased 4.8% from the year-ago quarter’s figure of $2.9 billion.

Gas revenues amounted to $1.62 billion, which surged 5.2% from the year-ago quarter’s figure of $1.54 billion.

Steam revenues totaled $432 million, which rose 22% from the year-ago quarter’s figure of $354 million.

Non-utility revenues amounted to $1 million compared to nil revenues in the year-ago quarter.

ED: Highlights of the ReleaseTotal operating expenses in the first quarter increased 6.8% year over year to $3.92 billion.

Purchase power costs rose 4.9%. Other operations and maintenance expenses decreased 1.3%. Depreciation and amortization expenses jumped 1.4%. Taxes, other than income taxes, went up 9.3% year over year. Fuel expenses surged 48.8% year over year and the cost of gas purchased for resale rose 17.7%.

The company’s first-quarter operating income went up 4.6% year over year to $1.18 billion.
During the first quarter, the company completed the sale of its nearly 6.6% interest in Mountain Valley Pipeline, LLC (“MVP”) to the two founding members of MVP for total aggregate consideration of $357.5 million, before certain closing adjustments and expenses.

ED’s FinancialsCash and temporary cash investments as of March 31, 2026, totaled $0.15 billion compared with $1.63 billion as of Dec. 31, 2025.

The company’s long-term debt was $25.554 billion as of March 31, 2026, compared with $25.551 billion as of 2025-end.

Cash from operating activities in the first three months of 2026 amounted to $128 million compared with $763 million in the prior-year period.

ED’s 2026 GuidanceConsolidated Edison has reaffirmed its 2026 guidance. It expects adjusted earnings to be in the range of $6.00-$6.20 per share. The Zacks Consensus Estimate for 2026 earnings is pegged at $6.07 per share, which is lower than the midpoint of the company’s guided range.

The company expects capital investments of $38 billion during the 2026-2030 period.

ED’s Zacks RankConsolidated Edison currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Recent Utility ReleasesDuke Energy Corporation's (DUK - Free Report) first-quarter 2026 earnings of $1.93 per share surpassed the Zacks Consensus Estimate of $1.79 by 7.6%. The bottom line increased 9.7% from $1.76 reported in the year-ago quarter.

DUK’s total operating revenues were $9.18 billion, which beat the Zacks Consensus Estimate of $8.4 billion by 9%. The top line increased 11.3% from $8.25 billion in the year-ago period.

CMS Energy Corporation (CMS - Free Report) reported first-quarter 2026 earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.11 by 1.8%. The bottom line also increased 10.8% from $1.02 in the prior-year quarter.

CMS’ operating revenues totaled $2.73 billion, which topped the Zacks Consensus Estimate of $2.53 billion by 8.1%. The top line also increased 11.6% from $2.45 billion in the prior-year quarter.

Edison International (EIX - Free Report) posted quarterly earnings of $1.42 per share, which beat the Zacks Consensus Estimate of $1.32 by 7.6%. The bottom line also increased 3.7% from $1.37 in the year-ago quarter.

Edison International's first-quarter operating revenues totaled $4.1 billion, which beat the Zacks Consensus Estimate of $3.99 billion by 2.8%. The top line increased 7.6% from the year-ago quarter’s figure of $3.81 billion.

The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Consolidated Edison (ED - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.

Consolidated Edison is a member of our Utilities group, which includes 110 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Consolidated Edison is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ED's full-year earnings has moved 1.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, ED has returned 6.9% so far this year. Meanwhile, stocks in the Utilities group have gained about 6.4% on average. This shows that Consolidated Edison is outperforming its peers so far this year.

One other Utilities stock that has outperformed the sector so far this year is Otter Tail (OTTR - Free Report) . The stock is up 10.5% year-to-date.

In Otter Tail's case, the consensus EPS estimate for the current year increased 4.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Consolidated Edison belongs to the Utility - Electric Power industry, a group that includes 60 individual stocks and currently sits at #105 in the Zacks Industry Rank. On average, this group has gained an average of 6.4% so far this year, meaning that ED is performing better in terms of year-to-date returns. Otter Tail is also part of the same industry.

Investors with an interest in Utilities stocks should continue to track Consolidated Edison and Otter Tail. These stocks will be looking to continue their solid performance.

Partnership powered agile, high-throughput customer messaging during back-to-back New York City winter storms

DENVER--(BUSINESS WIRE)--Convey, a leading provider of customer engagement solutions for highly regulated industries, today announced that its partnership with Con Edison has been recognized with the Bronze Award for Excellence in Outage Communications in Chartwell's 2026 Best Practices Awards. The award honors Con Edison's response to two extreme winter storms that struck New York City in early 2026, during which the utility leveraged Convey's platform to deliver rapid, localized, and transparent communications to millions of customers.

"Con Edison's response to these back-to-back storms is a powerful example of what modern outage communications can look like when utilities pair operational expertise with the right digital tools," stated Maulik Datanwala, CEO, Convey.

Share By modernizing emergency communications and customer outreach, Convey helps utilities scale communications during critical events, strengthen resiliency, and build trust with the communities they serve. The Con Edison partnership demonstrates how purpose-built digital tools can transform outage communications from static and reactive to adaptive and responsive, even under the most demanding emergency conditions.

In January and February 2026, New York City experienced two severe weather events within weeks of each other: Winter Storm Fern, followed by a powerful February blizzard that dropped up to 24 inches of snow across the five boroughs and triggered a citywide state of emergency. Together, the storms placed extraordinary pressure on infrastructure, restoration crews, and the pace and transparency of communications with customers, elected officials, and the media.

Using Convey's purpose-built technology solutions for Utilities, Con Edison deployed high-throughput, ad hoc messaging that delivered localized updates to customers in near-real time across SMS, email, and automated voice channels. From January 1 through February 28, the utility delivered almost 400,000 communications to customers, including more than 215,000 estimated restoration time messages, nearly 46,000 ad-hoc emergency communications, and more than 88,000 restoration confirmations. Two pre-storm outreach campaigns delivered an additional 5.3 million text messages to help customers prepare for severe weather and report outages quickly.

The results reflected a meaningful shift in how customers chose to engage. Of the outage reports received during the period, 61% were submitted through self-service platforms such as the website, mobile app, SMS, and IVR, reducing strain on call centers and enabling more targeted communications. During severe weather events, 82% of customers contacting Con Edison about outages used self-service channels, compared with 76% during normal operating conditions. Post-restoration surveys showed 92% overall customer satisfaction, with 78% of respondents reporting they were "very satisfied" despite the difficult conditions.

“This winter’s extreme weather was another great example of the importance of staying connected with our customers. We’re committed to providing timely and accurate information so people can make informed decisions for their families and businesses. Our multi-channel messaging platform helps us keep connected with the communities we serve,” said Di Soares, Section Manager, Con Edison.

"Con Edison's response to these back-to-back storms is a powerful example of what modern outage communications can look like when utilities pair operational expertise with the right digital tools," stated Maulik Datanwala, CEO, Convey. "Serving one of the most densely populated and publicly scrutinized service territories in the country, Con Edison set a new bar for transparency, speed, and stakeholder coordination during extreme weather. We're proud that our platform helped power that effort, and we congratulate the entire Con Edison team on this well-earned recognition from Chartwell."

Con Edison is one of several leading utilities nationwide leveraging Convey's technology to proactively engage customers before, during, and after critical events. By combining intelligent workflows with proven scalability, Convey provides a repeatable playbook that the broader utilities industry can adopt to strengthen resilience and compliance while improving customer experience.

About Con Edison

For more than 200 years, Con Edison has powered the growth of New York City as one of the nation’s most essential energy companies. Today, it operates one of the world’s largest and most complex energy delivery systems, providing electric, gas, and steam service to nearly 10 million people across New York City and Westchester County—supporting a region that helps power the global economy.

About Convey

Convey is the engagement operating system for Utilities and regulated industries, delivering intelligent customer workflows that transform compliance into seamless, human-centered experiences. Purpose-built for complex environments, Convey enables timely, accurate, and personalized communication during critical moments, helping organizations reduce costs, mitigate compliance risk, and strengthen customer trust at scale. Convey is a portfolio company of OceanSound Partners and Energy Impact Partners. For more information, please visit goconvey.com.

About Chartwell

Based in Atlanta, Chartwell Inc. is a specialized information provider for the utility industry. We provide strategic research and facilitate issue-targeted forums for collaboration among industry peers. Our wide range of services ensures that our members have access to the best, most timely information available to make their business decisions. For more information, visit www.chartwellinc.com.

Key Takeaways Consolidated Edison cites rising electricity demand and grid modernization to support performance. ED plans $6.6B spend in 2026 and nearly $38B for 2026-30, including clean energy and resilience. ED raised its dividend to 88.75 cents, extending 52 years of increases; debt-to-capital is 50.20%. Consolidated Edison (ED - Free Report) benefits from rising electricity demand, grid modernization and maintenance of its electric, gas and steam delivery systems, supporting service reliability and financial performance. The company invests systematically in renewable and storage expansion, boosting its long-term growth.

Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Projections for ED & Surprise History The Zacks Consensus Estimate for ED’s 2026 and 2027 earnings have moved up 0.33% and 0.47%, respectively, in the past 60 days. The Zacks Consensus Estimate for ED’s  2026 and 2027 sales is pinned at $17.45 billion and $18.38 billion, indicating year-over-year growth of 3.14% and 5.35%, respectively.

ED’s long-term (three to five years) earnings growth rate is 6.47%.

ED surpassed the Zacks Consensus Estimate in three of the last four reported quarters and missed it once, delivering an average positive earnings surprise 2.24%.

ED’s Stable Investments The company undertakes systematic capital investment for renewable expansion while upgrading and modernizing its electric, gas and steam delivery infrastructure. This supports the company’s carbon neutrality plan, improves operational efficiency, enhances service reliability and supports long-term growth.

The company aims to invest $6.6 billion in 2026 and nearly $38 billion for 2026-2030. Consolidated Edison's 10-year investment plan includes $2.9 billion in clean energy generation and $2.6 billion to strengthen climate resilience.

ED’s Shareholder Return ProgramThe company has been rewarding its shareholders with continuous dividend increases for 52 years. It announced a dividend of 88.75 cents, resulting in an annualized dividend of $3.55, reflecting a 4.4% increase from 2025. Consolidated Edison has a dividend yield of 3.42% versus the Zacks S&P 500 composite’s average of 1.45 %.

ED’s Debt Position The debt-to-capital ratio measures the extent to which a company relies on debt financing relative to its total capital, reflecting its financial leverage and long-term solvency. ED’s total debt-to-capital is 50.20%, which is lower than the industry’s 59.94%, indicating stronger financial stability and lower leverage risk.

ED’s time earned ratio (TIE) at the end of the first quarter of 2026 was 3.3. The TIE ratio reflects a company’s ability to meet long-term debt obligations by evaluating how effectively operating earnings cover interest expenses and serves as an indicator of long-term solvency and financial health.

Price Performance of EDIn the past six months, Consolidated Edison shares have risen 9.4% compared with the industry’s 2.3% growth.

Image Source: Zacks Investment Research

Other Stocks to Consider Some other top-ranked stocks from the same industry are Duke Energy (DUK - Free Report) , Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC - Free Report) and PG&E (PCG - Free Report) , each carries a Zacks Rank #2 at present.

DUK, ELPC and PCG dividend yields are 3.52%, 5.01% and 1.21%, respectively.

The Zacks Consensus Estimate for Duke Energy, ELPC and PG&E 2026 EPS is pegged at $6.71, 74 cents and $1.65, suggesting year-over-year growth of 6.34%,45.10% and 10%, respectively.