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Consolidated Edison Q4 Beat → $3.5B Credit Facility, Stock at $115 with Neutral Consensus

Consolidated Edison reported Q4 2025 earnings that beat consensus estimates and secured a new $3.5 billion credit facility, while the stock trades around $115 with analysts holding a largely neutral consensus and an average price target of $110.63, implying slight downside. The regulated New York utility generates stable, predictable earnings from its electric and gas distribution operations serving New York City and Westchester County. Risks include regulatory lag in recovering rapidly rising capital and operating costs, potential NYC policy changes affecting utility operations, and rising interest rate pressure on the capital-intensive regulated utility business model.