Consolidated Edison reports Q3 adjusted EPS $1.68, consensus $1.62

“Core to our growth strategy is our continued investment in clean energy infrastructure and energy-efficient solutions for our customers,” said Tim Cawley, the chairman and CEO of Con Edison. “Our programs eased electric demand during another hot New York summer, helping us keep the power flowing for our customers. As New Yorkers transition to electrification of building space heating and transportation, we’ve made it easier to install EV chargers and continue to provide incentives for heat pump installation. We have delivered infrastructure investments to build the grid of the future while providing industry-leading reliability to millions of customers.” “As a result of our solid third quarter results and financial performance year to date as well as our outlook for the balance of the year, we are narrowing and revising our 2024 adjusted EPS guidance to the upper half of our original range,” said Kirk Andrews, senior vice president and CFO of Con Edison. “We continue to expect solid rate base growth as we continue to make investments to both enable New York’s clean energy transition and upgrade our infrastructure to improve its resilience in the face of climate change.”