The company said net income for common stock for Q1 2025 was $791 million ($2.26 per share), compared with $720 million ($2.08 per share) for Q1 2024.

1. 01

   The company said net income for common stock for Q1 2025 was $791 million ($2.26 per share), compared with $720 million ($2.08 per share) for Q1 2024.

2. 02

   Con Edison said adjusted earnings (non-GAAP) for Q1 2025 were $792 million ($2.26 a share), and for Q1 2024 were $742 million ($2.15 a share). Adjusted earnings for 2025 exclude the accretion of the basis difference in its MVP equity investment and the effects of HLBV accounting.

3. 03

   The company said it reaffirmed its full-year 2025 adjusted earnings per share outlook of $5.50 to $5.70 per share. Adjusted earnings per share exclude accretion of the basis difference in its MVP equity investment (approximately $(0.03) per share after tax).

4. 04

   Con Edison said it issued more than $1.3 billion of new common equity in Q1, including the settlement of the equity forward it initiated late last year, and that this satisfies its anticipated equity needs for 2025. It also said it expects about $72 billion in capital investments over the next 10 years.

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.

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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