It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...

Core Insights - Consolidated Edison, Inc. reported fourth-quarter 2025 adjusted earnings of 89 cents per share, exceeding the Zacks Consensus Estimate of 84 cents by 5.6%, but down 9.2% from 98 cents in the prior-year quarter [1] - The company generated total revenues of $3.99 billion in the reported quarter, surpassing the Zacks Consensus Estimate of $3.7 billion by 8.1% and increasing 8.9% from $3.67 billion in the year-ago quarter [2] - For 2025, adjusted earnings were $5.70 per share, up from $5.40 in 2024, with total revenues reaching $16.92 billion compared to $15.26 billion in 2024 [1][2] Revenue Breakdown - Electric revenues totaled $2.88 billion, a 5.9% increase from $2.72 billion in the year-ago quarter [3] - Gas revenues surged 16.1% to $923 million from $795 million in the prior-year quarter [3] - Steam revenues rose 20.6% to $187 million compared to $155 million in the year-ago quarter [3] - Non-utility revenues amounted to $1 million, up from nil in the year-ago quarter [3] Operating Expenses - Total operating expenses in the fourth quarter increased 11.1% year over year to $3.51 billion [4] - Purchase power costs rose 6.8%, while other operations and maintenance expenses increased by 5.9% [4] - Depreciation and amortization expenses jumped 7.4%, and taxes other than income taxes went up 15.7% year over year [4] - Fuel expenses surged 67.5% year over year, and the cost of gas purchased for resale rose 28.4% [4] Financial Position - Cash and temporary cash investments as of December 31, 2025, totaled $1.63 billion, up from $1.32 billion as of December 31, 2024 [6] - Long-term debt was $25.55 billion as of December 31, 2025, compared to $24.65 billion at the end of 2024 [6] Future Guidance - The company expects adjusted earnings for 2026 to be in the range of $6.00-$6.20 per share, with a five-year adjusted EPS growth rate projected at 6-7% [9] - Consolidated Edison plans to invest $38 billion in capital from 2026 to 2030 [9] Market Position - Consolidated Edison currently holds a Zacks Rank 2 (Buy) [10]

Consolidated Edison posted net income for common stock of $2.02 billion, or $5.66 per share, for 2025, up from $1.82 billion, or $5.26 per share, in 2024. On an adjusted basis, earnings rose to $5.70 per share from $5.40 a year earlier. The utility’s performance was underpinned by rate base growth at its core subsidiaries - Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R) - as well as continued infrastructure investment tied to grid reliability and clean energy inte ...

Core Insights - Consolidated Edison (ED) reported $4 billion in revenue for Q4 2025, an 8.9% year-over-year increase, with an EPS of $0.89 compared to $0.98 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $3.7 billion by 8.07%, and the EPS also surpassed the consensus estimate of $0.84 by 5.59% [1] Financial Performance Metrics - Operating revenues for O&R were $306 million, exceeding the average estimate of $261.09 million, reflecting a year-over-year increase of 13.3% [4] - Operating revenues for CECONY reached $3.69 billion, surpassing the estimated $3.46 billion, marking an 8.5% increase compared to the previous year [4] - Operating income for CECONY was reported at $484 million, below the average estimate of $600.96 million [4] - Operating income for O&R was $21 million, compared to the average estimate of $26.49 million [4] - Operating income for Con Edison Transmission was reported at -$20 million, worse than the average estimate of -$1.93 million [4] - Operating income for Other was $2 million, significantly lower than the average estimate of $11.51 million [4] Stock Performance - Shares of Con Edison have returned +7.5% over the past month, while the Zacks S&P 500 composite experienced a -0.8% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance against the broader market in the near term [3]

Core Insights - Consolidated Edison (Con Ed) reported quarterly earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of $0.84 per share, but down from $0.98 per share a year ago, resulting in an earnings surprise of +5.59% [1] - The company generated revenues of $4 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 8.07%, compared to $3.67 billion in the same quarter last year [2] - Con Ed shares have increased approximately 12.4% year-to-date, significantly outperforming the S&P 500's gain of 0.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.39 on revenues of $4.94 billion, while for the current fiscal year, the estimate is $6.01 on revenues of $17.16 billion [7] - The estimate revisions trend for Con Ed was favorable prior to the earnings release, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Utility - Electric Power industry, to which Con Ed belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Con Edison reported 2025 net income for common stock of $2,023 million or $5.66 a share, an increase from $1,820 million or $5.26 a share in 2024[24] - Adjusted earnings for 2025 were $2,038 million or $5.70 a share, compared to $1,868 million or $5.40 a share in 2024[24] - Reported net income for common stock on a GAAP basis for 2025 was $2,023 million, an increase from $1,820 million in 2024 but a decrease from $2,519 million in 2023[33] - Adjusted earnings (Non-GAAP) for 2025 reached $2,038 million, up from $1,868 million in 2024 and $1,762 million in 2023[33] - Reported earnings per share on a GAAP basis for 2025 was $5.66, compared to $5.26 in 2024 and $7.25 in 2023[33] - Adjusted earnings per share (Non-GAAP) for 2025 was $5.70, an increase from $5.40 in 2024 and $5.07 in 2023[33] - CECONY's electric delivery revenues for full-service customers amounted to $7,908 million in 2025, an increase from $7,178 million in 2024, representing a growth of 10.2%[80] - The total gas sales revenue for CECONY in 2025 was $3,278 million, up from $2,834 million in 2024, representing a growth of 15.7%[92] - The total steam sales revenue for CECONY in 2025 was $703 million, up from $578 million in 2024, marking a growth of 21.6%[100] - O&R's total electric sales revenue in 2025 was $934 million, compared to $852 million in 2024, reflecting a growth of 9.6%[108] Capital Investments and Debt - The Utilities invested $4,946 million in 2025 to upgrade energy delivery systems, with planned investments of $6,533 million in 2026 and $8,571 million in 2030[24] - Con Edison plans to issue up to $3,200 million of long-term debt in 2026 and $3,000 million in 2027, with a total of approximately $9,900 million in long-term debt from 2028 to 2030[24] - The company anticipates issuing up to $1,100 million of common equity in 2026 and approximately $3,300 million from 2028 to 2030[24] - CECONY's capitalized costs for utility plant for distribution facilities were $25,214 million in 2025, up from $23,770 million in 2024, reflecting a year-over-year increase of approximately 6.1%[75] - Total capital expenditures for Con Edison in 2025 were $4,996 million, an increase from $4,728 million in 2024[127] - Total capital requirements for Con Edison are projected to be $9,223 million in 2030, reflecting a significant increase from $6,845 million in 2026[131] - CECONY projects $72 billion in capital expenditures needed between 2025 and 2034 to support its decarbonization strategy[149] Operational Performance - The company reported a significant increase in electric sales and deliveries, with a peak demand of 22 million units in the last quarter[36] - Gas sales and deliveries also saw a rise, achieving a peak demand of 27 million units, indicating strong market performance[36] - The company is focusing on expanding its electric and gas facilities to enhance operational capacity and reliability[36] - CECONY delivered a total of 53,798 million kWh of electricity in 2025, representing an increase from 52,427 million kWh in 2024, which is a growth of 2.6%[80] - CECONY's electric peak demand reached 12,530 MW in 2025, with a forecasted increase to 12,690 MW in 2026, indicating an annual growth rate of approximately 1.3%[81] - CECONY's total gas delivered to customers in 2025 was 172,977 MDt, an increase of 16.5% from 148,983 MDt in 2024[92] - O&R's total electric energy delivered to full-service customers in 2025 was 3,541 million kWh, an increase from 3,212 million kWh in 2024[108] - Total gas delivered to O&R customers in 2025 was 25,488 MDt, a 22.5% increase from 20,851 MDt in 2024[113] Sustainability and Environmental Initiatives - The company is focused on a clean energy future, aligning its investments and strategies with sustainability goals[20] - CECONY's sustainability strategy aims to reduce direct and indirect greenhouse gas emissions and enhance water use efficiency[186] - CECONY's direct GHG emissions for 2025 are estimated at 2.7 million metric tons, reflecting a more than 55% decrease from the 2005 baseline[178][180] - CECONY and O&R are required to purchase offshore wind renewable energy credits as part of New York's Clean Energy Goals[150] - CECONY's electric energy efficiency programs budget for 2020-2025 is $688 million, with a target to reduce electric use by 3% annually[153] - For 2026-2030, CECONY's energy efficiency and building electrification programs have an aggregate budget of $2,138 million, averaging $300 million annually for electric energy efficiency[154] Regulatory and Compliance - The NYSPSC regulates the Utilities, setting the terms of service and rates charged for providing service in New York[51] - Regulatory compliance remains a priority, with ongoing adjustments to meet federal and state energy regulations[36] - The NYISO requires that entities supplying electricity in New York State maintain generating capacity equal to peak demand plus applicable reserve margins[70] - CECONY is required to comply with the EPA's Transport Rule, which mandates further reductions in air emissions and requires the purchase of emissions allowances[219] - The revised Transport Rule has reduced the number of allowances allocated to CECONY, necessitating additional purchases to offset the decreased allocation[219] Customer Engagement and Experience - Con Edison emphasizes a commitment to safety, operational excellence, and enhancing customer experience as part of its mission[20] - A new strategy for customer engagement is being implemented to enhance user experience and satisfaction[36] - The Utilities' rate plans are designed to cover the cost of service, ensuring a stable revenue stream for the company[21] Risk Management - Forward-looking statements indicate that actual results may differ materially due to various factors, highlighting the importance of risk management[31]

Core Viewpoint - Consolidated Edison missed fourth-quarter profit estimates due to increased operating and interest expenses, influenced by variable weather conditions and prolonged high interest rates [1] Financial Performance - The company's operating expenses rose to $3.51 billion in the fourth quarter, up from $3.16 billion the previous year [1] - Interest expenses increased to $313 million, compared to $304 million a year ago [1] - Adjusted profit for the quarter was 89 cents per share, below analysts' average estimate of 95 cents per share [1] Future Outlook - Consolidated Edison plans capital investments of approximately $6.56 billion in 2026 and $6.76 billion in 2027 [1] - The company forecasts full-year adjusted profit in the range of $6 to $6.20 per share, while analysts expect a profit of $6.03 per share [1] - The CFO indicated a target for five-year adjusted profit per share growth at a compounded annual rate of 6 to 7 percent, using the midpoint of 2026 adjusted EPS guidance as a baseline [1]

Core Viewpoint - U.S. equity markets faced volatility as resilient labor market data contrasted with a cautious outlook from Walmart, leading to concerns over consumer spending and geopolitical tensions impacting risk appetite [1]. Major Market Indexes Performance Recap - Major benchmarks ended in negative territory, with the S&P 500 declining 0.28% to 6,861.89, the Nasdaq Composite slipping 0.31% to 22,682.73, and the Dow Jones Industrial Average falling 267 points, or 0.54%, to close at 49,395.16 [2]. Small-Cap vs. Large-Cap Performance - The small-cap Russell 2000 managed a late-day recovery, finishing up 0.25%, indicating that smaller domestic-focused firms found support despite headwinds faced by larger retail and tech companies [3]. Economic Data Insights - Initial jobless claims fell to 206,000, significantly lower than the projected 223,000, marking the lowest level since early January, complicating the Federal Reserve's interest rate cut path [4]. - The U.S. trade deficit unexpectedly widened to -$70.3 billion in December, exceeding the forecasted -$56 billion, while the Philadelphia Fed Manufacturing Index rose to 16.3 in February from 12.6 the previous month, indicating strength in the industrial sector [5]. Corporate News and Stock Movements - Walmart reported better-than-expected fourth-quarter earnings and revenue but saw its stock fall 1.4% due to a disappointing profit forecast, overshadowing a $30 billion share buyback announcement [6]. - Deere & Company shares surged 11.6% after reporting higher-than-expected quarterly profits and raising full-year net income guidance to $4.5 billion to $5.0 billion [7]. - Etsy's stock increased by 21.2% following a significant earnings beat, while Booking Holdings dropped 7.1% amid competition concerns [8]. - Other notable stock movements included Occidental Petroleum rising 9.4%, Blue Owl Capital falling 5.9%, Robinhood Markets tumbling 11.3%, and Nvidia edging higher due to a partnership with Meta Platforms [8]. Upcoming Market Events - Investors are focused on upcoming corporate reports from Newmont Corp. and Consolidated Edison, as well as monitoring Live Nation Entertainment, Texas Roadhouse, and Sprouts Farmers Market for insights into consumer spending [9]. - Nvidia's earnings report is highly anticipated on February 25th, with geopolitical developments in Iran supporting oil prices, which rose 2.6% to $66.71 per barrel [10].

Media Relations Consolidated Edison, Inc. New York, NY 10003 www.conEdison.com Exhibit 99.1 212 460 4111 (24 hours) 4 Irving Place FOR IMMEDIATE RELEASE Contact: Allan Drury February 19, 2026 212-460-4111 CON EDISON REPORTS 2025 EARNINGS NEW YORK - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2025 net income for common stock of $2,023 million or $5.66 a share compared with $1,820 million or $5.26 a share in 2024. Adjusted earnings (non- GAAP) were $2,038 million or $5.70 a share in 2025 ...

Core Viewpoint - Consolidated Edison, Inc. reported a strong financial performance for 2025, with net income increasing to $2,023 million or $5.66 per share, up from $1,820 million or $5.26 per share in 2024, reflecting the resilience of its regulated businesses and strategic investments [1][2]. Financial Performance - For 2025, adjusted earnings were $2,038 million or $5.70 per share, compared to $1,868 million or $5.40 per share in 2024, excluding certain impairment losses and transaction costs [1][2]. - In Q4 2025, net income was $297 million or $0.82 per share, down from $310 million or $0.90 per share in Q4 2024, while adjusted earnings were $320 million or $0.89 per share, compared to $340 million or $0.98 per share in the same period [1][2]. Strategic Investments and Future Outlook - The company plans to invest $6,595 million in 2026 and $6,759 million in 2027, with a total of $24,339 million expected from 2028 to 2030, funded through internal resources and long-term debt issuance [1][2]. - Con Edison anticipates a compounded annual growth rate of 6% to 7% for adjusted earnings per share over the next five years, with 2026 adjusted EPS guidance set between $6.00 and $6.20 [1][2]. Operational Highlights - The company emphasized the importance of maintaining cost discipline while investing in critical projects to support the clean energy transition and regional growth [1][2]. - Con Edison has increased its dividend for the 52nd consecutive year, reflecting its commitment to delivering value to shareholders [1][2]. Revenue and Expenses - Total operating revenues for 2025 were $16,918 million, up from $15,256 million in 2024, driven by higher electric and gas sales [3][4]. - Operating expenses increased to $13,987 million in 2025 from $12,524 million in 2024, primarily due to higher costs in purchased power and maintenance [3][4].