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ED · Q3 2026

CONSOLIDATED EDISON INC

Reported 2026-08-06
IN-LINE
48EarnIQ signal
↗

Confidence rising

Mild quarter-over-quarter shift

Solid execution with reaffirmed guidance and ongoing capital investments supporting stable long-term returns.

  • ✓Guidance was maintained, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Mixed evidence

The headline and management signals do not point in one direction (confidence rising).

EPS: reported vs expected+7.0%$0.83 vs $0.78
Revenue: reported vs expected+9.8%$4.1B vs $3.7B
Guidance specificityHighMaintained
Market expectations supplied by Finnhub · Reported vs consensus estimate

Our second-quarter results reflect the strength and resilience of our business and reinforce confidence in our long-term strategy.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“Con Edison continues to deliver nation-leading electric service reliability, reflecting the strength of our business model, disciplined infrastructure investments, and the dedication and expertise of our workforce”
“Our second-quarter results reflect the strength and resilience of our business and reinforce confidence in our long-term strategy”
“Our vibrant market and the growing momentum for the electrification of buildings and transportation support our confidence that we will provide solid shareholder value for years to come”
Guidance specificity
80/100

High specificity

Reaffirmed adjusted earnings per share for the full year 2026 to be in the range of $6.00 to $6.20 per share.

Pressure point
!

Utility subsidiaries are extensively regulated

0 potential deflections detected in management communication.

Narrative break

What changed

Conducting strategic alternatives review of equity interests in Mountain Valley Pipeline and Honeoye Storage Corporation.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Reported second quarter net income for common stock increased to $308 million ($0.83 a share) compared to $246 million ($0.68 a share) in the prior year.
  • Reaffirmed full-year 2026 adjusted earnings per share guidance range of $6.00 to $6.20.
  • Strong long-term strategic positioning backed by plans for 28 new substations in service by 2035 and robust electrification trends.
Key risks
  • Utility subsidiaries are extensively regulated and may be subject to substantial penalties or rate plans that do not provide a reasonable return.
  • Potential risks from the environmental consequences of operations, including increased costs related to climate change and extreme weather events.
  • Requirement for ongoing access to capital markets to satisfy funding requirements for massive capital expenditure plans.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+12
New Signal+8
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0