Earnings report 📈 Stocks 🌍 United States

Con Edison Reports Q3 2026 EPS of $2.07, Narrows Full-Year Guidance

Con Edison beat year-ago earnings with $2.07 per share in Q3 2026 and tightened its full-year guidance range to $6.05-$6.15, reflecting steady operational performance and ongoing infrastructure investment.

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Third-quarter adjusted EPS rose to $2.07 from $1.90 a year earlier, and the company narrowed its 2026 adjusted EPS guidance upward to $6.05-$6.15 from $6.00-$6.20, a modestly higher midpoint. Nine-month adjusted EPS also improved to $5.08 from $4.82. The narrowing toward the upper half of the range is a mild positive, but this is a steady utility beat rather than a major surprise, and the guidance range is largely in line with the prior forecast.

Catalysts
  • ▲ Q3 2026 adjusted EPS of $2.07 vs $1.90 in Q3 2025, reported Nov. 5, 2026
  • ▲ 2026 adjusted EPS guidance narrowed to $6.05-$6.15 from $6.00-$6.20
Risk Factors
  • ▼ Full-year guidance midpoint only marginally higher than the prior range
  • ▼ Adjusted 2026 results exclude a $(0.37) per share MVP sale gain and other items, complicating GAAP comparability
▼ Show FAQ (2) ▲ Hide FAQ
How did Con Edison's third-quarter results compare to last year?

Adjusted earnings were $766 million or $2.07 per share in Q3 2026, up from $686 million or $1.90 per share in Q3 2025, and nine-month adjusted EPS rose to $5.08 from $4.82.

What does Con Edison expect to earn for full-year 2026?

The company narrowed its 2026 adjusted EPS forecast to $6.05 to $6.15 per share, slightly tightening the previous range of $6.00 to $6.20.

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🎯 Key Takeaways

  • Q3 2026 adjusted EPS rose to $2.07 from $1.90 in the prior-year period.
  • Full-year 2026 adjusted EPS guidance narrowed to $6.05-$6.15 per share.
  • Company plans to invest approximately $797 million in climate resilience through 2030.

📝 Executive Summary

Con Edison posted third-quarter 2026 adjusted earnings of $2.07 per share, up from $1.90 in the same period last year. The utility company also narrowed its full-year 2026 adjusted EPS guidance to a range of $6.05 to $6.15, tightening the previous forecast of $6.00 to $6.20 as it continues to invest in climate resilience and infrastructure.

❓ FAQ

How did Con Edison's third-quarter results compare to last year?

Adjusted earnings were $766 million or $2.07 per share in Q3 2026, up from $686 million or $1.90 per share in Q3 2025, and nine-month adjusted EPS rose to $5.08 from $4.82.

What does Con Edison expect to earn for full-year 2026?

The company narrowed its 2026 adjusted EPS forecast to $6.05 to $6.15 per share, slightly tightening the previous range of $6.00 to $6.20.