The company said net income for common stock for Q1 2024 was $720 million ($2.08 a share), compared with $1,433 million ($4.06 a share) for Q1 2023. Adjusted earnings were $742 million ($2.15 a share) for 2024, compared with $645 million ($1.83 a share) for 2023.

1. 01

   The company said net income for common stock for Q1 2024 was $720 million ($2.08 a share), compared with $1,433 million ($4.06 a share) for Q1 2023. Adjusted earnings were $742 million ($2.15 a share) for 2024, compared with $645 million ($1.83 a share) for 2023.

2. 02

   Con Edison said the gain and other impacts related to the sale of the Clean Energy Businesses, net of tax, were $22 million for Q1 2024 and $(794) million for Q1 2023. The company said the 2024 amounts reflect closing adjustments.

3. 03

   Con Edison reaffirmed its adjusted earnings per share outlook for the full year 2024 of $5.20 to $5.40 per share, unchanged from its previous outlook. The company also said adjusted earnings per share excludes the effects of HLBV accounting for tax equity investments, approximately $(0.01) a share after tax.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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