Consolidated Edison, Inc. reported net income for common stock of $791 million, or $2.26 per share, for the first quarter of 2025. This marks an increase from $720 million, or $2.08 per share, in the first quarter of 2024. Adjusted earnings for the quarter were $792 million, or $2.26 per share, up from $742 million, or $2.15 per share, in the prior-year period.
The company reaffirmed its 2025 adjusted earnings per share forecast, maintaining the range of $5.50 to $5.70 per share. Chairman and CEO Tim Cawley highlighted robust investments in infrastructure to maintain reliability and support the clean energy transition, projecting nearly $72 billion in capital investments over the next 10 years.
CFO Kirk Andrews noted that the issuance of over $1.3 billion in new common equity during the quarter, including the settlement of the equity forward initiated late last year, has satisfied the company's anticipated equity needs for 2025. This successful financing provides a solid foundation for delivering operational and financial objectives for the remainder of the year.
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