Consolidated Edison (ED) Misses Q4 EPS by 1c, Offers FY Guidance

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Go back to Consolidated Edison (ED) Misses Q4 EPS by 1c, Offers FY Guidance

Con Edison Reports 2020 Earnings

February 18, 2021 5:28 PM EST

NEW YORK, Feb. 18, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2020 net income for common stock of $1,101 million or $3.29 a share compared with $1,343 million or $4.09 a share in 2019. Adjusted earnings were $1,399 million or $4.18 a share in 2020 compared with $1,438 million or $4.38 a share in 2019. Adjusted earnings and adjusted earnings per share in 2020 exclude the impact of the impairment loss related to Con Edison's investment in Mountain Valley Pipeline, LLC. Adjusted earnings and adjusted earnings per share in 2020 and 2019 exclude the effects of hypothetical liquidation at book value (HLBV) accounting for... More