Consolidated Edison, Inc. reported net income for common stock of $246 million, or $0.68 per share, for the second quarter of 2025, an increase from $202 million, or $0.58 per share, in the second quarter of 2024. Adjusted earnings for the quarter were $240 million, or $0.67 per share, compared with $203 million, or $0.59 per share, in the prior-year period.
For the first six months of 2025, net income for common stock was $1,038 million, or $2.93 per share, with adjusted earnings of $1,032 million, or $2.91 per share. The company reaffirmed its 2025 adjusted earnings per share forecast in the range of $5.50 to $5.70 per share, indicating confidence in its financial outlook.
Chairman and CEO Tim Cawley highlighted the completion of major transmission projects in Brooklyn and Staten Island, which support long-term reliability. CFO Kirk Andrews noted regulatory approval to invest $440 million in five key projects for building and transportation electrification, demonstrating continued strong regulatory support for the company's strategy and clean energy goals.
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