Consolidated Edison Q2 Earnings Beat Estimates
Con Edison reports Q2 2026 adjusted EPS of $0.83, exceeding consensus while maintaining full-year guidance near the top of the $4.50 to $4.60 range.
Consolidated Edison reported adjusted second-quarter 2026 earnings per share of USD 0.83, surpassing the consensus estimate of USD 0.77. This result represents a USD 0.06 positive surprise and a 23.9 percent year-over-year increase, according to data cited by GN stocks/earnings-beat. The utility’s revenue reached USD 4.07 billion for the period, with net earnings of USD 308 million and a profit margin of 7.57 percent.
The company’s profit growth outpaced its top-line revenue compared to the prior year, indicating improved operational efficiency. On the New York Stock Exchange, the stock closed at USD 106.73 on September 10, 2026, down 0.71 percent from the previous close. An after-hours indication showed a modest rebound to USD 107.20, reflecting a 0.44 percent gain later in the day.
Management Confirms Full-Year Outlook
Management expects full-year 2026 adjusted EPS to land near the top of its guidance range of USD 4.50 to USD 4.60. This stance signals confidence in maintaining earnings momentum following the positive second-quarter performance. The company continues to pay an annualized dividend of USD 3.475 per share, equating to a quarterly rate of USD 0.8875.
With trailing earnings per share of USD 6.04, the dividend payout is comfortably covered by the business’s cash flow. The current dividend yield stands at approximately 3.23 percent based on recent trading prices. This stable payout profile remains a key component of the utility’s investment case for income-focused holders.
Valuation Remains Modest Among Peers
Analyst data indicates an average 12-month price target of USD 110.28 per share, with a range spanning from USD 94.00 to USD 130.00. The current share price of USD 106.73 places the stock slightly below the average target and near the midpoint of the analyst range. Morgan Stanley reaffirmed its Underweight recommendation on August 21, 2026, while lowering its price target from USD 105.00 to USD 101.00.
Trading Metrics Show Steady Performance
Consolidated Edison maintains a market capitalization of USD 36 billion as of September 10, 2026. The company is a constituent of the S&P 500 index and operates in the electric and gas utility sector. Its next scheduled earnings date is set for November 5, 2026. The stock currently trades within the middle of its 52-week range, reflecting stable sentiment despite the earnings beat.
