Consolidated Edison (NYSE: ED) reported Q4 EPS of $0.87, $0.07 better than the analyst estimate of $0.80. Revenue for the quarter came in at $2.95 billion versus the consensus estimate of $3.12 billion.

“While meeting many challenges in 2019, Con Edison delivered solid financial results and remained focused on leading the way towards a cleaner energy future for our customers and the planet," said John McAvoy, chairman and CEO of Con Edison. “Our recently approved three-year rate plans are essential to helping New York State achieve its clean energy goals, as well as to continue providing safe and reliable service to our customers. We are strengthening our ambitious energy efficiency programs, and are offering customers incentives to consider geothermal systems, heat pumps and other clean energy alternatives that will help lower carbon emissions. We are also working closely with climate experts to make sure we make the investments necessary to address the impacts of climate change."

GUIDANCE:

Consolidated Edison sees FY2020 EPS of $4.30-$4.50, versus the consensus of $4.50.

For earnings history and earnings-related data on Consolidated Edison (ED) click here.