Consolidated Edison, Inc. Overview
Pro stress-test →Consolidated Edison is a regulated utility engaged in electric, gas, and steam delivery businesses, serving approximately 3.7 million electric customers, 1.1 million gas customers, and 1,490 steam customers primarily in New York City and surrounding regions. The company reported 2025 net income of $2,023 million ($5.66 EPS) and guides 2026 adjusted EPS to $6.00-$6.20.
Strategic Profile
Pro stress-test →Con Edison maintains robust profitability metrics with an operating margin of 18.19% and net margin of 12.27%, though operating margins have declined 5.4% annually over five years. The company plans over $38 billion in capital investments from 2026-2030, expanding its regulated rate base to drive earnings growth. Management reaffirmed a five-year adjusted EPS growth target of 6% to 7% and guided 2026 adjusted EPS to $6.00 to $6.20.
Competitive Landscape
Pro stress-test →After divesting its clean energy business to RWE in early 2023, Con Edison's earnings now derive from its two primary utility subsidiaries operating in New York and surrounding regions. The company faces competition from regional and national utilities including American Electric Power, Dominion Energy, and FirstEnergy, competing on service reliability, rate structures, and infrastructure modernization in regulated markets.
Industry Context
Consolidated Edison, Inc. operates in Electric Utilities & Regulated Energy Infrastructure.
Key facts
Founded: 1884 · Headquarters: New York, United States · Revenue: $16.92B · Market cap: $40.4B