Con Edison Q3 2026 Net Income Rises to $766 Million
Con Edison posted third-quarter net income of $766 million, up from $688 million a year earlier, lifting per-share earnings to $2.07.
Consolidated Edison reported stronger third-quarter results for 2026, with net income climbing to $766 million, or $2.07 per share, compared with $688 million, or $1.91 per share, in the same period of 2025. The New York-based utility, traded on the NYSE under the ticker ED, disclosed the figures Thursday in a news release.
The year-over-year improvement represents an increase of roughly $78 million in net income, reflecting an approximate 8 percent gain. Adjusted earnings on a non-GAAP basis matched the reported net income figure of $766 million, suggesting no significant one-time items distorted the quarterly result.
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Con Edison is one of the largest investor-owned energy companies in the United States, delivering electricity, gas, and steam primarily to customers across New York City and Westchester County. Utility earnings tend to be relatively stable quarter to quarter, making the magnitude of the year-over-year jump notable for analysts tracking the regulated energy sector.
The third quarter, covering the summer months, is typically a stronger period for electric utilities as warmer temperatures drive higher air-conditioning demand across the company's dense urban service territory. Investors and analysts will likely scrutinize the full earnings release for guidance on capital spending plans and rate case developments that could shape future results.
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