ED

CONSOLIDATED EDISON CO OF NEW YORK INC

7 filings tracked

utilitieselectric gas utilitiesLARGE ($10B-200B)

Signal Magnitude Chart

bullish

bearish

neutral

Signal Timeline

bullishMay 7

Net income grew 16.8% to $924 million, though partially driven by one-time asset sales.

earnings beat

70%

bearishMay 7

Operating income growth (4.6%) lagged revenue growth (6.2%), indicating flat margins.

margin compression

40%

neutralMay 7

Issued 7 million common shares for $776 million to support capital requirements.

capital raise

50%

neutralMay 7

Entered into a new $3.5 billion revolving credit agreement to replace older facilities.

debt restructure

30%

bullishMay 7

Net income grew 16.8% to $924 million, though partially driven by one-time asset sales.

earnings beat

70%

bearishMay 7

Operating income growth (4.6%) lagged revenue growth (6.2%), indicating flat margins.

margin compression

40%

neutralMay 7

Issued 7 million common shares for $776 million to support capital requirements.

capital raise

50%

neutralMay 7

Entered into a new $3.5 billion revolving credit agreement to replace older facilities.

debt restructure

30%

bullishMay 7

Net income grew 16.8% to $924 million, though partially driven by one-time asset sales.

earnings beat

70%

bearishMay 7

Operating income growth (4.6%) lagged revenue growth (6.2%), indicating flat margins.

margin compression

40%

neutralMay 7

Issued 7 million common shares for $776 million to support capital requirements.

capital raise

50%

neutralMay 7

Entered into a new $3.5 billion revolving credit agreement to replace older facilities.

debt restructure

30%

bullishMay 7

Net income grew 16.8% to $924 million, though partially driven by one-time asset sales.

earnings beat

70%

bearishMay 7

Operating income growth (4.6%) lagged revenue growth (6.2%), indicating flat margins.

margin compression

40%

neutralMay 7

Issued 7 million common shares for $776 million to support capital requirements.

capital raise

50%

neutralMay 7

Entered into a new $3.5 billion revolving credit agreement to replace older facilities.

debt restructure

30%

bullishMay 7

Net income grew 16.8% to $924 million, though partially driven by one-time asset sales.

earnings beat

70%

bearishMay 7

Operating income growth (4.6%) lagged revenue growth (6.2%), indicating flat margins.

margin compression

40%

neutralMay 7

Issued 7 million common shares for $776 million to support capital requirements.

capital raise

50%

neutralMay 7

Entered into a new $3.5 billion revolving credit agreement to replace older facilities.

debt restructure

30%

bullishMay 7

Net income grew 16.8% to $924 million, though partially driven by one-time asset sales.

earnings beat

70%

bearishMay 7

Operating income growth (4.6%) lagged revenue growth (6.2%), indicating flat margins.

margin compression

40%

neutralMay 7

Issued 7 million common shares for $776 million to support capital requirements.

capital raise

50%

neutralMay 7

Entered into a new $3.5 billion revolving credit agreement to replace older facilities.

debt restructure

30%

bullishMay 7

Net income grew 16.8% to $924 million, though partially driven by one-time asset sales.

earnings beat

70%

bearishMay 7

Operating income growth (4.6%) lagged revenue growth (6.2%), indicating flat margins.

margin compression

40%

neutralMay 7

Issued 7 million common shares for $776 million to support capital requirements.

capital raise

50%

neutralMay 7

Entered into a new $3.5 billion revolving credit agreement to replace older facilities.

debt restructure

30%

Filing History

10-QMay 7, 2026

The Q1 2026 filing presents a dichotomy between strong reported earnings and a deteriorating liquidity profile. While the $924 million net income figure suggests a thriving business, the result was significantly bolstered by a one-time $189 million gain from the sale of the Mountain Valley Pipeline interest. Stripping away this non-recurring event reveals a more modest operational trajectory where margin expansion is largely offset by rising interest expenses and a growing volume of uncollectible customer accounts. The company is effectively trading current liquidity for long-term rate-base growth, a strategy that relies heavily on the continued support of state regulators. Investors are now faced with a trade-off between the certainty of regulated returns and the risks of a leveraged balance sheet. The company's ability to maintain its dividend and fund its $4.7 billion annualized capex program depends on its ability to refinance debt and successfully recover regulatory assets through future rate cases. While the grid modernization mandate provides a guaranteed runway for investment, the immediate risk lies in the widening gap between reported accounting profits and actual cash flow generation, leaving the company vulnerable to any adverse regulatory rulings or further spikes in borrowing costs.