ED · 8-K · 20261105PR000157

Acquisition / Partnership / Divestiture

CONSOLIDATED EDISON INC · 2026-11-05 · Importance 34 · Surprise 42

Con Edison reported a $189 million pre-tax gain, or $134 million net of tax, from the sale of its equity interest in Mountain Valley Pipeline (MVP) during the first nine months of 2026. The gain added $0.37 per share to reported earnings for the period and was excluded from adjusted earnings. The company also reported $4 million of pre-tax transaction costs associated with a strategic alternatives review of its interests in MVP and Honeoye Storage Corporation.

Key facts

• The sale of Con Edison’s MVP equity interest contributed $134 million of net income and $0.37 per share to its first-nine-month 2026 results versus 2025. source
• Costs associated with the strategic alternatives review of Con Edison’s MVP and Honeoye equity interests reduced first-nine-month 2026 net income by $3 million and EPS by $0.01 versus 2025. source