ED files 8-K — Item 2.02 Results of Operations

What Was Filed

Consolidated Edison, Inc. (ED, $39.4B market cap) filed an 8-K disclosing Item 2.02 (Results of Operations and Financial Performance) on May 7, 2026, at 16:28:33 ET, per SEC accession number 0001047862-26-000092. Per SEC plain-language rules, Item 2.02 requires public disclosure of material non-public results of operations, financial condition, or operational updates ahead of widespread distribution, and this filing includes the company’s Q1 2026 earnings press release as an exhibit available via the SEC EDGAR portal at https://www.sec.gov/Archives/edgar/data/1047862/000104786226000092/a1q2026earningsreleasepr.htm.

The Disclosure

For regulated electric and gas utilities like ED, Item 2.02 filings typically include preliminary quarterly operating metrics, adjusted earnings per share (EPS), total revenue, and high-level updates on regulatory compliance or customer growth. This filing aligns with the company’s scheduled Q1 2026 earnings announcement, with consensus Wall Street estimates calling for $2.28 per share and $5.221B in total revenue, per available earnings history data. Actual reported results will be detailed in the attached exhibit.

Cross-Reference to Prior Signals

This 8-K follows a series of insider stock transactions by ED executives and directors in the 90 days prior to filing. Most notably, Director William J. Mulrow sold 7,912 common shares on March 2, 2026, for total proceeds of $892,553 at an average price of $112.81 per share. Separately, SVP and General Counsel Deneen L. Donnley sold 1,922 shares on March 13, 2026, for $218,993 at $113.94 per share. Additionally, analyst ratings have remained static since February 2026, with a consistent split of 0 Strong Buy, 3 Buy, 8 Hold, 3 Sell, 4 Strong Sell as of May 1, 2026. The December 31, 2025, 13F filing showed institutional ownership of 71.8% of ED’s float, with 1,376 total institutional holders, an increase of 43 from the prior reporting period.

What This Filing Does NOT Tell Us

First, a segmented revenue breakdown (electric, gas, steam) that would allow analysts to assess performance across ED’s core service territories in New York City and Westchester County. Second, the reconciliation between GAAP and adjusted EPS, a key metric for utility investors that is often included in full earnings reports but not always in initial Item 2.02 disclosures. Third, any recent regulatory rate approval or pending proceedings that could impact future earnings, a critical value driver for regulated electric utilities.