Consolidated EdisonEDEarnings & Financial Report
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
Revenue
$4.3B
Gross Profit
N/A
Operating Profit
$1.0B
Net Profit
$720.0M
Gross Margin
N/A
Operating Margin
23.6%
Net Margin
16.8%
YoY Growth
1.4%
EPS
$2.08
Consolidated Edison Q1 FY2024 Financial Summary
Consolidated Edison reported revenue of $4.3B (up 1.4% YoY) for Q1 FY2024, with a net profit of $720.0M (down 49.8% YoY) (16.8% margin).
Key Financial Metrics
| Total Revenue | $4.3B |
|---|---|
| Net Profit | $720.0M |
| Gross Margin | N/A |
| Operating Margin | 23.6% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Consolidated Edison Q1 FY2024 revenue of $4.3B breaks down across 7 segments, led by Electric Transmission at $2.4B (57.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Electric Transmission | $2.4B | 57.0% |
| Gas Transmission | $1.2B | 28.7% |
| Steam Plant | $294.0M | 6.9% |
| Steam | $287.0M | 6.7% |
| Related Party | $32.0M | 0.7% |
| Other | $9.0M | 0.2% |
| Non Utility Products And Services | $1.0M | 0.0% |
Consolidated Edison Revenue by Segment — Quarterly Trend
Consolidated Edison revenue by segment across the last 4 reported quarters, showing how each business line (such as Electric Transmission and Gas Transmission) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Steam Plant | $189.0M | — | — | — |
| Steam | — | $56.0M | $106.0M | $354.0M |
| Related Party | — | $41.0M | $37.0M | $40.0M |
Consolidated Edison Annual Revenue by Year
Consolidated Edison annual revenue history includes year-by-year totals (for example, 2025 revenue was $17.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $17.0B |
| 2024 | $15.5B |
Consolidated Edison Quarterly Revenue & Net Profit History
Consolidated Edison results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $4.0B | +8.2% | $298.0M | 7.5% |
| Q3 FY2025 | $4.6B | +8.1% | $688.0M | 15.1% |
| Q2 FY2025 | $3.6B | +10.0% | $246.0M | 6.8% |
| Q1 FY2025 | $4.9B | +14.2% | $791.0M | 16.2% |
| Q4 FY2024 | $3.7B | +1.0% | $310.0M | 8.5% |
| Q3 FY2024 | $4.2B | +9.7% | $588.0M | 13.9% |
| Q2 FY2024 | $3.3B | +19.0% | $202.0M | 6.1% |
| Q1 FY2024 | $4.3B | +1.4% | $720.0M | 16.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.28B | $3.30B | $4.22B | $3.67B | $4.89B | $3.63B | $4.57B | $3.96B |
| YoY Growth | 1.4% | 19.0% | 9.7% | 1.0% | 14.2% | 10.0% | 8.1% | 8.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $66.68B | $67.92B | $68.64B | $70.56B | $70.69B | $71.50B | $71.84B | $74.60B |
| Liabilities | $45.06B | $46.36B | $46.75B | $48.60B | $46.91B | $47.74B | $47.68B | $50.41B |
| Equity | $21.61B | $21.56B | $21.90B | $21.96B | $23.78B | $23.76B | $24.17B | $24.19B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $573.0M | $1.34B | $392.0M | $1.31B | $837.0M | $1.98B | $504.0M | $1.48B |