Consolidated Edison reported second-quarter 2026 net income of $308 million, up from $246 million a year earlier, as higher electric and gas rate bases boosted earnings at its main New York utility business. Earnings per share rose to $0.83 from $0.68 in the second quarter of 2025, while adjusted earnings were also $308 million, or $0.83 per share, compared with $240 million, or $0.67 per share, a year earlier. The biggest contributor was Consolidated Edison Company of New York, or CECONY, which added $74 million to the year-over-year increase in quarterly net income, with higher electric rate base and rate timing contributing $25 million and higher gas rate base and rate timing adding $23 million. Con Edison reaffirmed its full-year 2026 adjusted earnings guidance of $6.00 to $6.20 per share.
Consolidated Edison IncQ2 profit rose 25% on higher rate bases, beating prior year and reaffirming guidance.
