ED · Full Picture

CONSOLIDATED EDISON INC — the full picture

Earnings window · 2026-07-16 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Net Income and Profitability · Operating income & profitabilityPriority 75
    +14.1% net_income (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Q2 2026 net income for common stock: $308 million, or $0.83 a share, up from $246 million, or $0.68 a share, in the same period of 2025.
  2. Regulated Capital Investment Plan · Capital expenditurePriority 66
    2 sources (news, press_release); 3 forward row(s); quote_verified
    Con Edison plans to make "tens of billions of dollars in other capital investments" to meet customers' energy needs (timing not specified).
  3. Capital Expenditures Program · Capital expenditurePriority 64
    quote_verified
    Net plant at June 30, 2026 for Con Edison consolidated was $57,104 million versus $55,403 million at December 31, 2025; for CECONY net plant was $53,409 million versus $51,861 million, an increase of $1,548 million for CECONY driven by electric $1,305 million, gas $269 million, steam $30 million and general $157 million increases.
  4. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 53
    +5.7% net_income (realized); 1 forward row(s); quote_verified
    Attachment A shows the gain on the sale of Con Edison's equity interest in MVP (net of tax) reduced six months net income by $134 million (0.37 EPS) for the six months ended June 30, 2026.
  5. Liquidity and Cash Position · Liquidity & cash positionPriority 52
    quote_verified
    The FERC has authorized CECONY through April 30, 2028 and O&R through July 31, 2028 to issue short-term borrowings for a period of not more than 12 months, in an amount not to exceed $5,000 million and $250 million, respectively, at prevailing market rates.
  6. Rate Case Outcomes · Pricing & realizationPriority 52
    3 sources (news, press_release, sec_filing); quote_verified
    Attachment B lists Total O&R contribution to three-month variation as $0 (net) and shows components: Electric base rate increase $3 million (0.01 EPS) and Gas base rate increase $2 million (— EPS).
  7. Operating Cash Flow Trends · Cash flow generationPriority 49
    quote_verified
    Net cash flows from operating activities for Con Edison were $845 million lower for the six months ended June 30, 2026 than in the prior period; for CECONY they were $934 million lower.
  8. Revenue Performance and Mix · Revenue growth & mixPriority 49
    +3.9% revenue (realized); 2 sources (news, sec_filing); quote_verified
    For the three months ended June 30, 2026, CECONY operating revenues were $3,805 million and net income for common stock was $296 million.
  9. Transmission Investment Program · UnclassifiedPriority 49
    +0.6% assets; 2 forward row(s); quote_verified
    Propel NY Energy project: New York Transco’s share of the estimated cost is $2,200 million (90-mile electric transmission project); Con Edison Transmission's ownership interest in Propel NY Energy is 41.7% of New York Transco's share and its ROE is 11.3% (10.3% plus 1%).
  10. Data Center / Load Growth · Demand, orders & backlogPriority 47
    qualitative only
  11. Outstanding Indebtedness · Debt, leverage & refinancingPriority 47
    +1.7% cash (realized); quote_verified
    In June 2026, CECONY issued $450 million aggregate principal amount of 5.15 percent debentures due 2036 and $850 million aggregate principal amount of 5.875 percent debentures due 2056 (total issuance $1,300 million).
  12. Gas Demand Trends · Demand, orders & backlogPriority 43
    2 sources (news, sec_filing); 3 forward row(s); quote_verified
    In June 2026, CECONY updated its five-year forecast of average annual firm peak gas demand at design conditions from a 0.2 percent increase (for 2026 to 2030) to a 0.2 percent decrease (for 2027 to 2031).

Threads by pillar

Revenue & Demand Priority 73 · 5 threads

Costs & Margins Priority 83 · 5 threads

Capital & Balance Sheet Priority 88 · 7 threads

Strategy & Portfolio Priority 61 · 3 threads

Legal, Regulatory & Policy Priority 39 · 2 threads

Guidance & Outlook Priority 42 · 1 thread

Macro & Market Conditions Priority 38 · 1 thread

Management & Governance Priority 42 · 2 threads

Unclassified Priority 66 · 4 threads

Expected impact by metric

metricforward netforward grossrealized
assets+0.6%+0.6%-0.2%
cash-0.6%+0.6%+2.6%
net_income-0.0%+0.0%+19.8%
revenue——+3.9%
liability——-1.1%