SHARPE
Reported results
- GAAP net income for the 2026 third quarter was $766 million or $2.07 a share compared with $688 million or $1.91 a share in the 2025 third quarter.
- Adjusted earnings (non-GAAP) were $766 million or $2.07 a share for the 2026 third quarter compared with $686 million or $1.90 a share in the 2025 period.
- GAAP net income for the first nine months of 2026 was $1,998 million or $5.44 a share compared with $1,726 million or $4.84 a share in the first nine months of 2025.
- Adjusted earnings (non-GAAP) for the first nine months of 2026 were $1,864 million or $5.08 a share compared with $1,718 million or $4.82 a share in the 2025 period.
- The company plans to invest approximately $797 million in climate resilience from 2026 through 2030.
Guidance
- For the year of 2026, Con Edison expects its adjusted earnings per share (non-GAAP) to be in the range of $6.05 to $6.15 per share.
- Con Edison’s previous forecast for 2026 adjusted earnings per share (non-GAAP) was in the range of $6.00 to $6.20 per share.
Price and volatility reaction
The stock moved -2.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -1.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 121.44 | 2026-11-05 |
| Close after release | 118.56 | 2026-11-06 |
| Realised move | -2.4% | close to close |
| 30d ATM IV change | -1.3 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.