ED|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $2.00 | - | - |
| Q2'26 | $0.78 | $0.83 | +7.0% |
| Q1'26 | $2.34 | $2.17 | -7.4% |
| Q4'25 | $0.98 | $0.89 | -8.8% |
| Q3'25 | $1.75 | $1.90 | +8.3% |
| Q2'25 | $0.66 | $0.67 | +1.8% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $5.1B | - | - |
| Q2'26 | $3.7B | $4.1B | +9.8% |
| Q1'26 | $5.4B | $5.1B | -5.3% |
| Q4'25 | $3.7B | $4.0B | +7.4% |
| Q3'25 | - | $4.5B | - |
| Q2'25 | - | $3.6B | - |
Market Data
ED Stock Snapshot
ED is currently trading at $107.98, giving Consolidated Edison, Inc. a market cap of 39.68B and a P/E ratio of 18.4. Today's range spans $106.55–$110.00, with shares opening at $108.04 and moving down $0.03 (0.0%) from the prior close. DailyIQ's technical score sits at 41/100 (HOLD) with a news sentiment reading of 67/100.
Over the past year ED has traded between $94.96 and $116.23 - the current price is +13.7% off the 52-week low and -7.1% from the high.
The quality factor scores well for Consolidated Edison, Inc. (ED) even in a HOLD phase - at 39.68B in Utilities market cap with a 41/100 technical read (HOLD) and bullish sentiment (67/100), the stock's balance sheet and earnings stability attract defensive allocators who don't need a mixed signal to hold the position. (P/E: 18.4) Price: $107.98 (in the middle of its 52-week range). Range: $94.96–$116.23.
In neutral phases, large-cap Utilities names like ED are often where sector rotation debates play out quietly — at 39.68B in capitalization, the stock receives incremental allocation from funds reducing mega-cap exposure without the volatility of a small-cap entry. The 41/100 (HOLD) and bullish sentiment (67/100) at $107.98 (in the middle of its 52-week range) describe a stock that is being considered rather than avoided.
Company Insights: Consolidated Edison, Inc. (ED)
Consolidated Edison, Inc. (ED) operates as a regulated utility, providing essential electricity, natural gas, and steam services across the New York City metropolitan area. Its business model is anchored in a large, diverse customer base and extensive infrastructure, including transmission lines and distribution networks. The company's regulated status offers a degree of revenue stability, though it also necessitates navigating oversight from regulatory bodies. This structure underpins its role as a critical energy provider in a densely populated and economically significant region.
Recent financial performance shows a mixed pattern against analyst expectations, with revenue beats in Q4 2025 and Q3 2025, alongside an EPS beat in Q3 2025 and Q2 2025, but an EPS miss in the latest Q4 2025 report. This variability suggests that while revenue generation remains robust, earnings per share can be subject to fluctuations. Investors are closely monitoring upcoming quarters for a return to consistent EPS beats, especially following the most recent miss. The company's ability to manage operational costs and regulatory frameworks will be key to future earnings consistency.
The company's forward outlook is influenced by significant capital investment plans and ongoing analyst sentiment. Recent news highlights adjustments to price targets from various financial institutions, reflecting differing views on the stock's valuation and future prospects. Furthermore, Consolidated Edison has announced a public offering of common shares, a move that could impact its capital structure and short-term stock performance. These factors, combined with the company's regulated operational environment, shape the investment narrative.
Regulated Operations
ED's core business is built on providing essential utility services under regulatory oversight, ensuring stable revenue streams.
The company serves millions of customers across electricity, natural gas, and steam, supported by a vast and critical infrastructure network.
This regulated model offers predictable cash flows but requires careful management of operational costs and compliance with regulatory frameworks.
Capital Investments
The company is undertaking significant capital expenditure to maintain and upgrade its essential energy infrastructure.
These investments are crucial for ensuring service reliability and meeting the growing energy demands of the New York City metropolitan area.
Future growth and operational efficiency will depend on the successful execution and regulatory approval of these capital plans.
Earnings Performance
Consolidated Edison has demonstrated a pattern of revenue beats, indicating strong demand for its services.
Earnings per share performance has been more variable, with recent quarters showing both beats and a miss against analyst estimates.
Future EPS trends will be closely watched, particularly the company's ability to meet consensus expectations consistently.
Analyst Sentiment
Recent analyst actions show a divergence in price targets, with some firms maintaining neutral or underweight ratings.
Adjustments to price targets reflect varying interpretations of the company's capital plans and market position.
Investor sentiment will likely be influenced by the company's ability to execute its strategy and meet financial guidance.
Share Offering
The company recently announced a public offering of common shares, a move to bolster its capital position.
This offering may impact the stock's short-term performance and dilute existing shareholder value.
The proceeds from the offering are likely intended to fund ongoing capital expenditure and strategic initiatives.
Positioning ED
Consolidated Edison shares are often considered for their defensive qualities and dividend income potential within a utility portfolio. Exposure could be considered during periods of stable regulatory environments and clear visibility on capital expenditure execution. Conversely, investors might reduce positions if there are significant uncertainties regarding regulatory outcomes, unexpected increases in operational costs, or negative impacts from share dilution.
What Moves ED Stock?
Consolidated Edison's stock performance is primarily driven by regulatory decisions impacting its core utility operations and its capital expenditure plans for infrastructure upgrades. Investor focus remains on its ability to deliver consistent earnings within its regulated framework and manage its significant investment pipeline.
Regulatory Environment
As a regulated utility, ED's profitability is directly tied to rate decisions made by state and local regulatory bodies, particularly the New York Public Service Commission. These decisions dictate the prices it can charge for electricity, gas, and steam, influencing its revenue and earnings potential.
Favorable rate adjustments can boost earnings and support dividend growth, leading to positive stock price movement. Conversely, unfavorable rulings or lengthy review processes can create uncertainty and pressure the stock.
Capital Investments
ED is undertaking substantial capital investments to modernize its aging infrastructure, enhance grid reliability, and integrate cleaner energy sources. These investments are crucial for meeting future energy demands and regulatory requirements in its densely populated service territory.
Successful execution of its capital plan, as evidenced by meeting project timelines and budgets, can instill investor confidence and signal future earnings growth. Delays or cost overruns, however, can negatively impact financial performance and investor sentiment.
Earnings Performance
The company's financial results, particularly its earnings per share (EPS) and revenue against analyst expectations, are closely watched. Recent performance shows a mixed trend, with revenue beats but an EPS miss in the latest reported quarter.
Consistent EPS beats generally support the stock price, while misses can lead to sell-offs. The market will scrutinize upcoming reports for signs of stabilization and a return to consistent earnings growth, especially following the recent EPS miss.
Key insight: Regulatory approvals and disciplined capital deployment are the twin pillars supporting Consolidated Edison's stock. Investors are looking for predictable earnings growth driven by rate base expansion and efficient project execution.
Key Metrics for ED
Consolidated Edison's performance hinges on its regulated operations and capital expenditure execution. Investors should monitor these key metrics to gauge ED's ability to deliver stable returns and fund future growth.
Revenue Growth: Measures the increase in total sales from utility services. Consistent revenue growth is crucial for ED, indicating demand for its essential services and ability to pass through costs. Stagnant or declining revenue could signal regulatory challenges or economic slowdowns impacting its service territories.
EPS Trend: Tracks the company's profitability on a per-share basis. Beating EPS estimates suggests operational efficiency and effective cost management by ED. Missing estimates, especially after recent misses, can raise concerns about ED's earnings power and regulatory environment.
Capital Expenditures: Reflects investments in infrastructure and grid modernization. Increasing CapEx is generally positive for ED, signaling investment in future growth and reliability. Investors watch this to ensure ED is adequately investing to maintain its regulated asset base and meet future demand.
Regulatory Adjustments: Monitors the impact of rate case decisions and regulatory approvals on earnings. Favorable regulatory outcomes are vital for ED's predictable earnings. Unfavorable decisions or delays can negatively impact ED's profitability and future investment plans.
Dividend Payout Ratio: Indicates the proportion of earnings paid out as dividends. A stable or slightly increasing payout ratio is expected for ED, reflecting its commitment to shareholder returns. A rapidly rising ratio could signal financial strain for ED, while a very low ratio might suggest underutilization of earnings.
Analyst Price Targets for ED
Wall Street's current consensus view on Consolidated Edison, Inc. (ED), based on the most recently tracked analyst coverage.
Reflects the most recently tracked analyst ratings for ED and may lag real-time updates. Not a recommendation to buy or sell.
Risk Factors
Consolidated Edison's risks are primarily tied to its regulated operating environment and the essential nature of its services. Investors should consider the impact of regulatory decisions, infrastructure challenges, and economic conditions in its key service territory.
- Regulatory Risk
As a regulated utility, ED's profitability is subject to decisions made by state and local regulatory bodies. Unfavorable rate decisions or changes in regulatory policy could limit the company's ability to recover costs or achieve its desired return on investment. This risk could materialize if regulators deny proposed rate increases or impose stricter operational requirements.
- Infrastructure Investment
ED requires substantial and ongoing investment in its aging infrastructure to ensure reliability and meet future demand. Unexpected major repairs or the need for accelerated upgrades due to unforeseen events could strain capital resources. Failure to adequately invest could lead to service disruptions or increased operational costs.
- New York Economy
The company's heavy concentration in the New York City metropolitan area makes it vulnerable to regional economic downturns. A significant slowdown in economic activity could reduce energy demand from commercial and industrial customers. This risk would be amplified during recessions or periods of significant business contraction in the region.
- Extreme Weather
ED's operations are susceptible to disruptions from extreme weather events, such as hurricanes, blizzards, or heatwaves. Such events can damage infrastructure, leading to costly repairs and potential revenue loss from service interruptions. The increasing frequency and intensity of extreme weather due to climate change heighten this risk.
- Interest Rate Sensitivity
Utilities are capital-intensive businesses that often carry significant debt. Rising interest rates increase the cost of borrowing for new projects and refinancing existing debt. This could negatively impact ED's earnings and its ability to fund necessary infrastructure upgrades, especially if rates rise sharply.
ED Competitive Positioning
Consolidated Edison, Inc. (ED) is tracked alongside these names in Utilities - Regulated Electric on DailyIQ.
ED Recent Earnings History
- Q4 2025
EPS: $0.89 actual vs $0.98 estimate (miss) · Revenue: $3,995M actual vs $3,721M estimate
- Q3 2025
EPS: $1.9 actual vs $1.75 estimate (beat) · Revenue: $4,530M actual
- Q2 2025
EPS: $0.67 actual vs $0.66 estimate (beat) · Revenue: $3,595M actual
- Q1 2025
EPS: $2.26 actual vs $2.21 estimate (beat) · Revenue: $4,798M actual
- Q4 2024
EPS: $0.98 actual vs $0.96 estimate (beat) · Revenue: $3,669M actual
Frequently Asked Questions About ED
Is Consolidated Edison (ED) stock a good investment for income investors?
Consolidated Edison (ED) stock may appeal to income-focused investors due to its history of consistent dividend payments. As a regulated utility, it often provides stable cash flows which can support dividend distributions. Investors should consider the company's payout ratio, dividend growth history, and the regulatory environment which impacts its earnings stability.
What drives Consolidated Edison's (ED) stock price?
The stock price of Consolidated Edison (ED) is primarily influenced by regulatory decisions that affect its earnings and allowed rate of return. Factors such as energy demand in its service territory, infrastructure investment plans, interest rate movements, and overall economic conditions in New York also play a significant role. Investor sentiment towards regulated utilities and dividend sustainability also impacts ED's valuation.
Does Consolidated Edison (ED) pay a dividend, and what is its yield?
Yes, Consolidated Edison (ED) has a long-standing history of paying and increasing its dividend. The company is known for its reliable dividend payouts, making it a staple for income-oriented portfolios. Investors can find the current dividend yield by checking financial data providers, but it's important to note that yields fluctuate with the stock price and dividend amount.
What are the main risks of investing in Consolidated Edison (ED)?
Key risks for Consolidated Edison (ED) include regulatory changes that could negatively impact its revenue or profitability, potential for unexpected operational disruptions, and the impact of rising interest rates on its debt-heavy balance sheet. Environmental regulations and the transition to cleaner energy sources also present long-term challenges and opportunities that could affect its business model.
How does Consolidated Edison (ED) compare to its utility peers?
Compared to peers like NextEra Energy (NEE) or Duke Energy (DUK), Consolidated Edison (ED) operates in a more concentrated, densely populated urban service territory. While this can offer stability, it also means greater exposure to local economic conditions and regulatory frameworks specific to New York. ED's regulated nature generally provides less growth potential than some integrated energy companies but offers more predictable income streams.
What is the investment thesis for Consolidated Edison (ED)?
The investment thesis for Consolidated Edison (ED) often centers on its role as a stable, regulated utility providing essential services in a major metropolitan area. Its consistent dividend payments and predictable earnings, supported by its regulated business model, make it attractive for income-seeking investors. The company's ongoing investments in infrastructure modernization and clean energy initiatives are also key components of its long-term strategy.
How is Consolidated Edison's (ED) valuation assessed?
Consolidated Edison's (ED) valuation is typically assessed using metrics common for regulated utilities, such as Price-to-Earnings (P/E) ratio, Price-to-Book (P/B) ratio, and dividend yield. Investors compare these metrics against historical averages and those of its peers. The company's regulated asset base and its ability to generate stable, predictable earnings are crucial factors in determining its fair value.
What are Consolidated Edison's (ED) growth prospects?
Growth prospects for Consolidated Edison (ED) are largely tied to its regulated capital investment plans, particularly in modernizing its infrastructure and adapting to the energy transition. While organic growth in its core utility operations may be modest due to its mature service territory, strategic investments in areas like renewable energy and grid modernization could provide avenues for expansion. Regulatory approvals for rate increases are also critical for revenue growth.
What is Consolidated Edison's (ED) strategy regarding clean energy?
Consolidated Edison (ED) is actively investing in clean energy and sustainability initiatives to align with evolving environmental regulations and customer demand. This includes expanding its renewable energy portfolio, improving energy efficiency, and modernizing its grid to support distributed energy resources. The company aims to balance its traditional utility operations with a growing presence in cleaner energy solutions.
How do interest rates affect Consolidated Edison (ED)?
Interest rates have a notable impact on Consolidated Edison (ED) due to its significant debt load. Higher interest rates increase the cost of borrowing for the company, which can reduce profitability and potentially affect its ability to fund capital projects. Conversely, lower interest rates can reduce financing costs and make its dividend yield more attractive relative to other fixed-income investments.
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