Consolidated Edison reported first-quarter adjusted earnings of $2.17 per share, missing the Zacks Consensus Estimate of $2.32 and reflecting a 6.63% downward surprise. Despite this earnings decline, the company posted total operating revenues of $5.1 billion, surpassing expectations and indicating a robust revenue performance. In a strategic move to bolster funding for its subsidiaries, Consolidated Edison announced a $2 billion ATM equity offering, alongside plans for $38 billion in capital investments from 2026 to 2030.
“Consolidated Edison · came out with quarterly earnings of · per share · $2.17”
“Consolidated Edison · missed the Zacks Consensus Estimate of · per share · $2.32”
“Consolidated Edison · reported earnings · per share · $2.25”
“Consolidated Edison · represents an earnings surprise of · -6.63%”
“Consolidated Edison · produced earnings of · per share · $0.89”
“Consolidated Edison · posted revenues of · for the quarter ended March 2026 · $5.1 billion”
“Consolidated Edison · surpassed the Zacks Consensus Estimate by · 2.98%”
“Consolidated Edison · top consensus revenue estimates · times · four”
“Consolidated Edison, Inc. · announced · $2 billion ATM equity offering program · true”
“Con Edison · will sell · common shares · true”
“Con Edison · intends to use · proceeds from the issuance and sale of common shares · invest in its subsidiaries for funding of their capital requirements”
“Con Edison · may enter into · one or more separate forward sale agreements · true”