Consolidated Edison (Con Edison, ED) reported net income of $766 million in the third quarter of 2026, compared with $688 million in the same period of 2025. Earnings per share (EPS) were $2.07, versus $1.91 in 3Q25. Adjusted earnings (non-GAAP, which exclude items the company considers non-recurring) were $766 million, or $2.07 per share, compared with $686 million, or $1.90 per share, in 3Q25.
In the first nine months of 2026, net income was $1.998 billion, or $5.44 per share, compared with $1.726 billion, or $4.84 per share, a year earlier. Adjusted earnings totaled $1.864 billion, or $5.08 per share, versus $1.718 billion, or $4.82 per share. The period's reported results include the gain from the sale of the company's stake in the Mountain Valley Pipeline (MVP), which the adjusted figure excludes.
According to the company, the increase in the quarter came mainly from CECONY's larger regulated electric asset base, which contributed $0.17 per share. Operating revenue for the quarter was $4.913 billion.
For 2026, Con Edison projects adjusted EPS between $6.05 and $6.15, following the previous range of $6.00 to $6.20. On October 15, 2026, the company declared a quarterly dividend of 88.75 cents per share.
