Consolidated Edison Past Earnings Performance

Past criteria checks 4/6

Consolidated Edison has been growing earnings at an average annual rate of 14.3%, while the Integrated Utilities industry saw earnings growing at 6.9% annually. Revenues have been growing at an average rate of 5.6% per year. Consolidated Edison's return on equity is 11.9%, and it has net margins of 17.2%.

Key information

14.3%

Earnings growth rate

11.7%

EPS growth rate

Integrated Utilities Industry Growth	8.1%
Revenue growth rate	5.6%
Return on equity	11.9%
Net Margin	17.2%
Next Earnings Update	02 May 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Consolidated Edison makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0I35 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	14,663	2,519	-745
30 Sep 23	15,250	2,375	-354
30 Jun 23	15,542	2,461	-354
31 Mar 23	16,013	2,491	-455
31 Dec 22	15,670	1,660	-354
30 Sep 22	15,054	1,694	138
30 Jun 22	14,503	1,619	138
31 Mar 22	14,059	1,529	19
31 Dec 21	13,676	1,346	138
30 Sep 21	13,221	1,165	44
30 Jun 21	12,941	1,120	15
31 Mar 21	12,689	1,145	167
31 Dec 20	12,246	1,101	203
30 Sep 20	12,237	1,353	79
30 Jun 20	12,269	1,332	162
31 Mar 20	12,294	1,294	129
31 Dec 19	12,574	1,343	81
30 Sep 19	12,572	1,379	205
30 Jun 19	12,535	1,342	193
31 Mar 19	12,487	1,378	148
31 Dec 18	12,337	1,382	170
30 Sep 18	12,349	1,556	289
30 Jun 18	12,232	1,578	247
31 Mar 18	12,169	1,565	206
31 Dec 17	12,033	1,525	163
30 Sep 17	11,779	1,226	0
30 Jun 17	11,986	1,266	0
31 Mar 17	12,147	1,323	0
31 Dec 16	12,075	1,245	205
30 Sep 16	12,075	1,215	0
30 Jun 16	12,100	1,146	0
31 Mar 16	12,094	1,133	0
31 Dec 15	12,554	1,193	0
30 Sep 15	12,675	1,099	0
30 Jun 15	12,623	1,107	0
31 Mar 15	12,746	1,101	0
31 Dec 14	12,919	1,092	0
30 Sep 14	12,958	1,244	0
30 Jun 14	13,051	1,272	0
31 Mar 14	12,959	1,231	0
31 Dec 13	12,354	1,062	0
30 Sep 13	12,388	1,035	0
30 Jun 13	12,342	1,011	0

Quality Earnings: 0I35 has a large one-off gain of $865.0M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: 0I35's current net profit margins (17.2%) are higher than last year (10.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0I35's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: 0I35's earnings growth over the past year (51.7%) exceeds its 5-year average (14.3% per year).

Earnings vs Industry: 0I35 earnings growth over the past year (51.7%) exceeded the Integrated Utilities industry 27.3%.

Consolidated Edison Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Consolidated Edison, Inc. to Report Q1, 2024 Results on May 02, 2024

Full year 2023 earnings released: EPS: US$7.25 (vs US$4.68 in FY 2022)

Consolidated Edison, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Third quarter 2023 earnings released: EPS: US$1.53 (vs US$1.73 in 3Q 2022)

Consolidated Edison, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Second quarter 2023 earnings released: EPS: US$0.65 (vs US$0.72 in 2Q 2022)

Recent updates

Fourth quarter dividend of US$0.83 announced

Consolidated Edison, Inc. Declares Quarterly Dividend, Payable June 14, 2024

Consolidated Edison, Inc. to Report Q1, 2024 Results on May 02, 2024

Consolidated Edison, Inc., Annual General Meeting, May 20, 2024

Full year 2023 earnings released: EPS: US$7.25 (vs US$4.68 in FY 2022)

Upcoming dividend of US$0.83 per share at 3.7% yield

Insufficient new directors

Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on March 15, 2024

Consolidated Edison, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Upcoming dividend of US$0.81 per share at 3.6% yield

Third quarter 2023 earnings released: EPS: US$1.53 (vs US$1.73 in 3Q 2022)

Consolidated Edison, Inc. Elects Cathy Zoi to its Board of Directors, Effective February 1, 2024

Consolidated Edison, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.81 per share at 3.6% yield

Second quarter 2023 earnings released: EPS: US$0.65 (vs US$0.72 in 2Q 2022)

Consolidated Edison, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.81 per share at 3.3% yield

First quarter 2023 earnings released: EPS: US$4.06 (vs US$1.70 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.68 (vs US$3.86 in FY 2021)

Upcoming dividend of US$0.81 per share at 3.5% yield

Consolidated Edison, Inc. to Report Fiscal Year 2022 Results on Feb 16, 2023

Consolidated Edison, Inc. Declares Common Stock Dividend, Payable March 15, 2023

Upcoming dividend of US$0.79 per share

Third quarter 2022 earnings released: EPS: US$1.73 (vs US$1.52 in 3Q 2021)

Consolidated Edison, Inc. Declares Quarterly Dividend, Payableon December 15, 2022

Consolidated Edison, Inc. to Report Q3, 2022 Results on Nov 03, 2022

RWE Renewables Americas, LLC signed a purchase agreement to acquire Con Edison Clean Energy Businesses, Inc. from Consolidated Edison, Inc. (NYSE:ED) for $6.8 billion.

Upcoming dividend of US$0.79 per share

Consolidated Edison Renewables Unit Reportedly Drawing Interest

Second quarter 2022 earnings released: EPS: US$0.72 (vs US$0.48 in 2Q 2021)

Consolidated Edison, Inc. Declares Common Stock Dividend, Payable on September 15, 2022

Consolidated Edison, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.79 per share

First quarter 2022 earnings released: EPS: US$1.70 (vs US$1.22 in 1Q 2021)

Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on June 15, 2022

Consolidated Edison, Inc. to Report Q1, 2022 Results on May 05, 2022

Consolidated Edison, Inc., Annual General Meeting, May 16, 2022

Non-Independent Non-Executive Director recently sold US$6.3m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.79 per share

VP & Treasurer recently sold US$117k worth of stock

Upcoming dividend of US$0.78 per share

Third quarter 2021 earnings released: EPS US$1.52 (vs US$1.47 in 3Q 2020)

Upcoming dividend of US$0.78 per share

Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.57 in 2Q 2020)

Consolidated Edison, Inc.(NYSE:ED) dropped from Russell 1000 Dynamic Index

Independent Director has left the company

Upcoming dividend of US$0.78 per share

First quarter 2021 earnings released: EPS US$1.22 (vs US$1.12 in 1Q 2020)

New 90-day low: US$67.10

Full year 2020 earnings released: EPS US$3.29 (vs US$4.09 in FY 2019)

Revenue misses expectations

Upcoming Dividend of US$0.78 Per Share

Consolidated Edison, Inc. to Report Fiscal Year 2020 Results on Feb 18, 2021

Con Edison & 174 Power Global Bringing Large Battery Project to Queens

Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc. Announce Management Changes

Consolidated Edison, Inc. Announces Executive Changes

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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