Con Edison Beats Q2 Profit Estimates on 13% Electric Revenue Jump
ED is trading near its 52-week low of $94.96 (15% above the low).
Summary
Con Edison posted Q2 adjusted EPS of $0.83, beating the $0.75 consensus, driven by a 13% surge in electric revenue to $3.14 billion. Net income rose to $308 million from $246 million a year ago, with total operating revenue climbing to $4.07 billion. The results reflect robust power demand amid extreme heat and growing data center loads. This follows the full-year adjusted EPS guidance of $6.00–$6.20 issued earlier today, providing a concrete quarterly beat that supports the annual outlook.
At the time of this announcement, ED was trading at $108.95 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $40.2B. The 52-week trading range was $94.96 to $116.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.