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Consolidated Edison Q2 2024 Earnings Report

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$93.90 +0.04 (+0.04%)
As of 01/31/2025 03:59 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Consolidated Edison EPS Results

Actual EPS
$0.59
Consensus EPS
$0.57
Beat/Miss
Beat by +$0.02
One Year Ago EPS
$0.61

Consolidated Edison Revenue Results

Actual Revenue
$3.22 billion
Expected Revenue
$3.08 billion
Beat/Miss
Beat by +$139.94 million
YoY Revenue Growth
N/A

Consolidated Edison Announcement Details

Quarter
Q2 2024
Time
After Market Closes

Consolidated Edison Earnings Headlines

You won’t believe where OpenAI billionaire is investing now
Billionaire Sam Altman has become one of the most powerful men in the world by running OpenAI… But there’s a far lesser known investment he’s making that could put OpenAI to shame. In fact this Sam Altman-backed company could actually become a crucial partner for OpenAI… And the US Military… not to mention hundreds of other giant companies around the globe. To make the story even crazier… this company only recently became viable, thanks to an obscure piece of legislation that President Trump signed before he left office… Which ordered the government to take this incredible new technology seriously.
J.P. Morgan Reaffirms Their Sell Rating on Consolidated Edison (ED)
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About Consolidated Edison

Consolidated Edison (NYSE:ED), through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

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