Consolidated Edison, Inc.
ED · NYSE
ED · NYSE
Consolidated Edison is a regulated energy utility that sells electricity, natural gas and steam, principally to residential, commercial and industrial customers in New York. It makes money through utility rates approved by regulators, with earnings tied to its electricity, gas and steam operations and the associated rate base, while also pursuing clean-energy and infrastructure investments. The supplied evidence does not provide segment revenue percentages or customer counts. The company generated $17.0 billion of revenue in fiscal 2025, up from $15.5 billion in 2024, and reported approximately $0.0 billion of net income in both years.
Consolidated Edison fell 3.19% to $108.41 from $111.98. The decline accelerated on July 30, when the shares dropped $2.59, and continued on July 31 and August 3 before a modest August 4 rebound. The most concrete company-specific pressure was Mizuho’s reported downgrade from Outperform to Neutral, accompanied by a price-target cut from $118 to $105 over concerns about future capital spending and growth opportunities. Ahead of the August 6 report, Zacks also said Con Ed lacked the combination of factors supporting a likely earnings beat, while Yahoo cited expectations for 10.5% year-over-year EPS growth to $0.74 and $3.74 billion of revenue. The supplied evidence does not identify a separate catalyst for each session.
