Consolidated Edison's investment thesis centers on robust rate base expansion, with net PPE growing 12.6% year-over-year to $57.6B in Q2 2026, fueling revenue growth of 13.2% and EPS growth of 22.1%.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew 13.2% year-over-year to $4.1B in Q2 2026, with operating margin stable at 13.6%, reflecting rate base expansion and pass-through cost recovery, though EPS growth of 22.1% is partly weather-driven.
Recent earnings reports show EPS exceeding expectations, indicating robust financial performance for Consolidated Edison. This trend suggests a solid foundation for continued growth in the company's earnings.
Bulls are pricing in the full execution of a significant capital plan for 2028-2030, which is expected to drive earnings growth. The approved rate case for its New York utility operations locks in cost recovery through 2028, supporting expanding EBITDA margins.
Consolidated Edison has a history of consistent dividend increases, with a current yield around 3.2%. The dividend payout ratio is considered sustainable, providing a reliable income stream for investors.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $2.07+2.0% vs $2.03 | $4.9B+3.5% vs $4.7B |
Q3 2026 Aug 6, 2026 | $0.83+9.8% vs $0.76 | $4.1B+13.1% vs $3.6B |
Q2 2026 May 7, 2026 | $2.17-4.8% vs $2.28 | $5.1B-2.4% vs $5.2B |
Q1 2026 Feb 19, 2026 | $0.89+4.0% vs $0.86 | $4.0B+10.6% vs $3.6B |
ED's Q3 revenues rise 8.5% and earnings grow 8.4%, while the utility narrows its 2026 earnings guidance and outlines $38 billion in planned investments.
The headline numbers for Con Ed (ED) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NEW YORK, Nov. 5, 2026 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2026 third quarter net income of $766 million or $2.07 a share compared with $688 million or $1.91 a share in the 2025 third quarter. Adjusted earnings (non-GAAP) were $766 million or $2.07 a share in the 2026 period compared with $686 million or $1.90 a share in the 2025 period.
A post-midterm risk-off move is pushing Treasury yields lower, and regulated utilities stand to gain twice. One pays the most income, one owns a 52-year raise streak, and one has OpenAI as a customer. Each also hides a risk.
Benchmark ED against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Consolidated Edison, Inc. (ED)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $118.56 | $43.69B | 19.20 | 10.89% | 12.7% | 9.02% | 2.74% | |
| $92.34 | $104.09B | 21.46 | 10.59% | 16% | 12.03% | 2.94% | |
| $127.78 | $99.62B | 18.49 | 6.19% | 15.94% | 9.63% | 3.32% | |
| $45.62 | $46.68B | 17.93 | 5.34% | 10.17% | 8.95% | 3.5% | |
| $35.80 | $26.94B | 20.56 | 6.85% | 13.62% | 8.74% | 2.98% | |
| $69.84 | $26.27B | 18.47 | 13.83% | 10.38% | 7.9% | 4.22% |
Consolidated Edison, Inc. (ED) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Consolidated Edison, Inc. (ED) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jul 2, 2026·SEC
Jun 3, 2026·SEC
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Consolidated Edison, Inc. (ED) stock FAQ — growth, dividends, profitability & financials explained
Consolidated Edison, Inc. (ED) reported $18.07B in revenue over the trailing twelve months. Revenue was $16.92B in fiscal year 2025. That is 143% more than the $6.96B of fiscal year 1996.
Consolidated Edison, Inc. (ED) grew revenue by 8.9% over the trailing twelve months, compared with the twelve months before.
Yes. Consolidated Edison, Inc. (ED) earned $2.29B in net income over the trailing twelve months (a 12.7% net margin).
Yes. Consolidated Edison, Inc. (ED) pays a dividend that yields 2.74% at the current price, a moderate yield.
Consolidated Edison, Inc. (ED) had a return on equity (ROE) of 9.0% over the trailing twelve months. That is below the market's typical 10-15%.
Consolidated Edison, Inc. (ED) generated $3.00B in free cash flow over the trailing twelve months.
Consolidated Edison, Inc. (ED) has a dividend payout ratio of 58%. This suggests the dividend is well-covered and sustainable.
