Consolidated Edison Inc (ED) reported better-than-expected financial results for the third quarter of fiscal 2025. The company posted earnings per share (EPS) of $1.90, surpassing Wall Street's estimate of $1.81 by $0.09. Revenue reached $4.5 billion, exceeding the anticipated $4.3 billion.
The company, a holding firm based in New York City, operates through subsidiaries that provide regulated electric, gas, and steam delivery services. Consolidated Edison Company of New York, Inc. (CECONY) delivers electric service in New York City and gas service in various boroughs, while Orange and Rockland Utilities, Inc. (O&R) serves customers in southeastern New York and northern New Jersey.
The earnings conference call will be held after market close to discuss these results and offer further insights into business performance.
This earnings report highlights Consolidated Edison Inc's operational performance and financial health, with results indicating stronger-than-anticipated business fundamentals. Investors are encouraged to review the full earnings release and listen to management commentary for a complete context on the quarter's performance and future outlook.