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Consolidated Edison, Inc.

Consolidated Edison, Inc.

NYSE•ED
CEO: Mr. Timothy P. Cawley
Sector: Utilities
Industry: Regulated Electric
Listing Date: 2001-02-15
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
Contact Information
4 Irving Place, New York, NY, 10003, United States
212-460-4600
www.conedison.com
Market Cap
$37.47B
P/E (TTM)
18.4
20.7
Dividend Yield
3.3%
52W High
$114.87
52W Low
$90.35
52W Range
55%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$4.53B+10.70%
4-Quarter Trend

EPS

$1.91+12.35%
4-Quarter Trend

FCF

$2.93B-492.62%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Rises Con Edison net income $1.73B (9 months), showing strong 14.3% increase compared to 2024 period results.
Operating Cash Flow Strengthens Operating cash flows totaled $3.32B for nine months, marking a significant $1.02B increase from the prior year.
Equity Ratio Improves Slightly Common equity ratio reached 49.2% at September 30, 2025, up from 47.1% at December 31, 2024.
Utility Plant Balances Increase Total utility plant grew to $67.37B, reflecting ongoing capital expenditures across electric and gas segments.

Risk Factors

Regulatory Rate Plan Uncertainty CECONY's 2026-2028 electric/gas rate plans are subject to NYSPSC approval, impacting future revenue recovery certainty.
Superfund Liability Exposure Potential undiscounted liability for manufactured gas plant sites estimated up to $3.39B, subject to future remediation costs.
Interest Rate Expense Pressure A 10% variable rate debt increase impacts Con Edison interest expense by $7M annually; CECONY by $6M.
Cyber Attack Facility Risk Forward-looking statements highlight potential adverse impact from cyber attacks on company facilities and critical systems.

Outlook

CECONY Rate Plan Filed Joint Proposal submitted for CECONY electric/gas rates covering 2026 through 2028, detailing expected base rate changes.
Grid Modernization Framework NYSPSC adopted proactive planning for electric grid upgrades, requiring integration of distributed energy resources forecasts.
Transmission Investment Strategy Con Edison Transmission evaluates strategic alternatives for MVP investment; Honeoye investment review ongoing with CECONY.
Capital Expenditure Forecasts CECONY updated capital requirements through 2028, with electric expenditures projected near $5.02B for the final year.

Peer Comparison

Revenue (TTM)

PG&E CorporationPCG
$24.76B
-0.3%
Exelon CorporationEXC
$24.32B
+6.1%
Consolidated Edison, Inc.ED
$16.59B
+10.3%

Gross Margin (Latest Quarter)

DTE Energy CompanyDTE
83.5%
+46.5pp
Consolidated Edison, Inc.ED
79.1%
+13.0pp
WEC Energy Group, Inc.WEC
71.1%
+29.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EXC$45.19B16.010.2%43.6%
XEL$44.73B22.99.4%43.8%
ETR$43.06B23.311.5%43.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.3%
Steady Growth
4Q Net Income CAGR
30.4%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 19, 2026
|
EPS:$0.84
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $4.53B+10.7%
    |
    EPS: $1.91+12.4%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $3.60B+11.6%
    |
    EPS: $0.68+17.2%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $4.80B+12.1%
    |
    EPS: $2.26+8.7%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $15.26B+4.2%
    |
    EPS: $5.26-27.3%
    Meet
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $4.09B+5.7%
    |
    EPS: $1.70+11.8%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $3.22B+9.4%
    |
    EPS: $0.58-10.8%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $4.28B-2.3%
    |
    EPS: $2.08-48.8%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 15, 2024|
    Revenue: $14.65B-6.5%
    |
    EPS: $7.24+54.7%
    Beat