Consolidated Edison reported 2026 second-quarter net income for common stock of $308 million, or $0.83 per share, up from $246 million, or $0.68 per share, a year earlier. Adjusted earnings were $308 million, or $0.83 per share, compared with $240 million, or $0.67 per share, in the 2025 second quarter. For the first six months, net income was $1.232 billion, or $3.37 per share, versus $1.038 billion, or $2.93 per share, while adjusted earnings reached $1.098 billion, or $3.00 per share, up from $1.032 billion, or $2.91 per share. The company reaffirmed its full-year 2026 adjusted earnings per share guidance of $6.00 to $6.20, excluding items such as the gain on the sale of its equity interest in Mountain Valley Pipeline and transaction costs tied to a strategic review of its interests in MVP and Honeoye Storage. Chairman and CEO Tim Cawley highlighted continued investment in reliability and system resilience, while CFO Kirk Andrews noted that year-to-date results remain in line with expectations and that the company plans to bring 28 new substations into service by 2035 alongside tens of billions of dollars in additional capital investments.
Consolidated Edison IncQ2 earnings beat and reaffirmed guidance
