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How Consolidated Edison (ED) makes money: Q2 2026 revenue breakdown
The quarter in brief
Revenue grew 13.2% y/y to $4.07B, operating margin 13.6% vs 9.9%, net income $308M (+25.2% y/y).
Key growth driver: Electric — the fastest-growing revenue line: $3,139, +13% y/y. · by the Q2 2026 report
Net income for common stock
$308M
up 25.2% y/y
Total operating revenues
$4,069M
up 13.2% y/y
Operating income
$552M
up 55.5% y/y
Next report
not announced yet
How does Consolidated Edison make money?
Consolidated Edison brought in $4.07 billion of revenue in Q2 2026, up 13.2% year over year. The largest source was Electric: $3.14 billion, or 77% of the total, followed by Gas ($811M, 20%) and Steam ($118M, 3%). Net income for the quarter was $308 million, up 25.2% year over year.
Revenue by source, Q2 2026
- Electric$3.14B · 77% · +13.0%
- Gas$811M · 20% · +14.1%
- Steam$118M · 3% · +11.3%
Shares of $4.07B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Electric | $3,139 · +13.0% |
| Gas | $811 · +14.1% |
| Steam | $118 · +11.3% |
| Total operating revenues | $4,069 · +13.2% |
| Purchased power, fuel and gas purchased for resale (calculated) | $1,049 · +23.8% |
| Taxes, other than income taxes | $977 · +9.3% |
| Other operations and maintenance | $913 · −1.1% |
| Depreciation and amortization | $578 · +0.3% |
| Operating income | $552 · +55.5% · 13.6% margin |
| Total other income | $170 · −29.5% |
| Net interest expense | $314 · +4.7% |
| Income before income tax expense | $408 · +37.8% |
| Income tax expense | $100 · +100% · 24.5% effective rate |
| Net income for common stock | $308 · +25.2% · $0.83/sh · 7.6% margin |
Verdict: revenue grew 13.2% y/y to $4.07B, operating margin 13.6% vs 9.9%, net income $308M (+25.2% y/y).
EPS $0.83 vs $0.68 a year earlier; adjusted earnings (non-GAAP) $0.83 a share vs $0.67.
Source and notation
Source: Consolidated Edison earnings release and its exhibits, 8-K EX-99 of 08/06/2026, and Form 10-Q filed 08/06/2026 (SEC EDGAR). Utility layout: operating revenues less fuel and purchased power, operations and maintenance, depreciation and taxes other than income taxes give operating income; interest and other income lead to pre-tax income. The income statement lines were taken from the release by hand; the program found every figure in the release or 10-Q text and checked the accounting identities and the chart balance; revenue and net income match the company's 10-Q.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Operating revenues grew 13.2% to $4,069M, led by electric revenues of $3,139M vs $2,777M; purchased power rose to $837M from $649M.
- Operating income rose to $552M from $355M, while other income fell to $170M from $241M.
- Adjusted earnings in 2026 exclude transaction costs associated with the strategic alternatives review of Con Edison's equity interests in Mountain Valley Pipeline and Honeoye Storage; in the first half Con Edison recorded a $189M gain on the sale of its equity interest in Mountain Valley Pipeline.
- Operating income was $552M, a 13.6% margin vs 9.9% a year earlier.
- The effective tax rate was 24.5% vs 16.9% a year earlier.
- Diluted EPS was $0.83 vs $0.68 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- Timothy P. CawleyChairman, President and Chief Executive Officer [1]
- Kirkland B. AndrewsSenior Vice President and Chief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. · Text: Wikipedia, CC BY-SA 4.0, abridged
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. (CECONY), a regulated utility providing electric and gas service in New York City and Westchester County, New York, and steam service in the borough of Manhattan; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile (3,400 km2) area in southeastern New York and northern New Jersey; and, Con Edison Transmission, Inc., which invests in electric and natural gas transmission projects.
Company guidance
Same quarter a year ago (ended September 30, 2025): revenue $4.53B, EPS (GAAP) $1.90
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
ED earnings history: past report dates
| Aug 6, 2026 Thu | 5:09 pmafter market close | Jun 30, 2026 | $4.1B+13% y/y | $0.83+22% y/y |
| May 7, 2026 Thu | 4:28 pmafter market close | Mar 31, 2026 | $5.1B+6% y/y | $2.54+13% y/y |
| Feb 19, 2026 Thu | 4:40 pmafter market close | Dec 31, 2025 | ≈$4.0B+9% y/y | ≈$0.81−9% y/y |
| Nov 6, 2025 Thu | 4:43 pmafter market close | Sep 30, 2025 | $4.5B+11% y/y | $1.90+12% y/y |
| Aug 7, 2025 Thu | 4:45 pmafter market close | Jun 30, 2025 | $3.6B+12% y/y | $0.68+17% y/y |
| May 1, 2025 Thu | 4:41 pmafter market close | Mar 31, 2025 | $4.8B+12% y/y | $2.25+8% y/y |
| Feb 20, 2025 Thu | 4:50 pmafter market close | Dec 31, 2024 | ≈$3.7B+6% y/y | ≈$0.89−10% y/y |
| Nov 7, 2024 Thu | 4:45 pmafter market close | Sep 30, 2024 | $4.1B+6% y/y | $1.69+11% y/y |
| Aug 1, 2024 Thu | 4:40 pmafter market close | Jun 30, 2024 | $3.2B+9% y/y | $0.58−11% y/y |
| May 2, 2024 Thu | 4:44 pmafter market close | Mar 31, 2024 | $4.3B−3% y/y | $2.08−49% y/y |
| Feb 15, 2024 Thu | 4:56 pmafter market close | Dec 31, 2023 | ≈$3.4B−15% y/y | ≈$0.99+87% y/y |
| Nov 2, 2023 Thu | 4:23 pmafter market close | Sep 30, 2023 | $3.9B−7% y/y | $1.52−12% y/y |
| Aug 3, 2023 Thu | 4:46 pmafter market close | Jun 30, 2023 | $2.9B−14% y/y | $0.65−10% y/y |
| May 4, 2023 Thu | 4:44 pmafter market close | Mar 31, 2023 | $4.4B+8% y/y | $4.05+138% y/y |
| Feb 16, 2023 Thu | 4:57 pmafter market close | Dec 31, 2022 | ≈$4.0B+18% y/y | ≈$0.53−15% y/y |
| Nov 3, 2022 Thu | 4:47 pmafter market close | Sep 30, 2022 | $4.2B+15% y/y | $1.72+13% y/y |
| Aug 4, 2022 Thu | 4:53 pmafter market close | Jun 30, 2022 | $3.4B+15% y/y | $0.72+50% y/y |
| May 5, 2022 Thu | 4:37 pmafter market close | Mar 31, 2022 | $4.1B+10% y/y | $1.70+39% y/y |
| Feb 17, 2022 Thu | 5:06 pmafter market close | Dec 31, 2021 | ≈$3.4B+15% y/y | ≈$0.62+417% y/y |
| Nov 4, 2021 Thu | 4:51 pmafter market close | Sep 30, 2021 | $3.6B+8% y/y | $1.52+3% y/y |
| Aug 5, 2021 Thu | 4:46 pmafter market close | Jun 30, 2021 | $3.0B+9% y/y | $0.48−16% y/y |
| May 6, 2021 Thu | 4:56 pmafter market close | Mar 31, 2021 | $3.7B+14% y/y | $1.22+9% y/y |
| Jan 21, 2021 Thu | 4:47 pmafter market close | Dec 31, 2020 | ≈$3.0B+0% y/y | ≈$0.12−87% y/y |
| Nov 5, 2020 Thu | 5:08 pmafter market close | Sep 30, 2020 | $3.3B−1% y/y | $1.47+4% y/y |
| Aug 6, 2020 Thu | 5:13 pmafter market close | Jun 30, 2020 | $2.7B−1% y/y | $0.57+24% y/y |
| May 7, 2020 Thu | 5:25 pmafter market close | Mar 31, 2020 | $3.2B−8% y/y | $1.12−15% y/y |
| Feb 20, 2020 Thu | 5:09 pmafter market close | Dec 31, 2019 | ≈$3.0B+0% y/y | ≈$0.89−15% y/y |
| Nov 4, 2019 Mon | 5:03 pmafter market close | Sep 30, 2019 | $3.4B+1% y/y | $1.42+2% y/y |
| Aug 1, 2019 Thu | 4:50 pmafter market close | Jun 30, 2019 | $2.7B+2% y/y | $0.46−23% y/y |
| May 2, 2019 Thu | 5:05 pmafter market close | Mar 31, 2019 | $3.5B+4% y/y | $1.31−4% y/y |
| Feb 21, 2019 Thu | 5:10 pmafter market close | Dec 31, 2018 | ≈$2.9B−0% y/y | ≈$1.05−36% y/y |
| Nov 1, 2018 Thu | 4:50 pmafter market close | Sep 30, 2018 | $3.3B+4% y/y | $1.39−6% y/y |
| Aug 2, 2018 Thu | 4:32 pmafter market close | Jun 30, 2018 | $2.7B+2% y/y | $0.60+5% y/y |
| May 3, 2018 Thu | 5:12 pmafter market close | Mar 31, 2018 | $3.4B+4% y/y | $1.37+8% y/y |
| Feb 15, 2018 Thu | 5:16 pmafter market close | Dec 31, 2017 | ≈$3.0B+9% y/y | ≈$1.63+147% y/y |
| Nov 2, 2017 Thu | 5:19 pmafter market close | Sep 30, 2017 | $3.2B−6% y/y | $1.48−9% y/y |
| Aug 3, 2017 Thu | 5:19 pmafter market close | Jun 30, 2017 | $2.6B−6% y/y | $0.57−26% y/y |
| May 4, 2017 Thu | 5:54 pmafter market close | Mar 31, 2017 | $3.2B+2% y/y | $1.27+21% y/y |
| Feb 17, 2017 Fri | 9:33 amduring market hours | Dec 31, 2016 | ≈$2.7B+0% y/y | ≈$0.66+12% y/y |
| Nov 4, 2016 Fri | 8:36 ambefore market open | Sep 30, 2016 | $3.4B−1% y/y | $1.62+12% y/y |
| Aug 5, 2016 Fri | 8:33 ambefore market open | Jun 30, 2016 | $2.8B+0% y/y | $0.77+4% y/y |
| May 6, 2016 Fri | 8:33 ambefore market open | Mar 31, 2016 | $3.2B−13% y/y | $1.05−17% y/y |
| Feb 19, 2016 Fri | 8:42 ambefore market open | Dec 31, 2015 | ≈$2.7B−4% y/y | ≈$0.59+119% y/y |
| Nov 6, 2015 Fri | 9:07 ambefore market open | Sep 30, 2015 | $3.4B+2% y/y | $1.45−2% y/y |
| Aug 7, 2015 Fri | 5:10 pmafter market close | Jun 30, 2015 | $2.8B−4% y/y | $0.74+3% y/y |
| May 8, 2015 Fri | 5:06 pmafter market close | Mar 31, 2015 | $3.6B−5% y/y | $1.26+2% y/y |
| Feb 20, 2015 Fri | 5:10 pmafter market close | Dec 31, 2014 | ≈$2.8B−1% y/y | ≈$0.27−66% y/y |
| Nov 7, 2014 Fri | 5:08 pmafter market close | Sep 30, 2014 | $3.4B−3% y/y | $1.48−6% y/y |
| Aug 8, 2014 Fri | 5:06 pmafter market close | Jun 30, 2014 | $2.9B+3% y/y | $0.72+22% y/y |
| May 9, 2014 Fri | 5:05 pmafter market close | Mar 31, 2014 | $3.8B+19% y/y | $1.23+89% y/y |
| Feb 21, 2014 Fri | 5:01 pmafter market close | Dec 31, 2013 | ≈$2.9B−1% y/y | ≈$0.80+14% y/y |
| Nov 5, 2013 Tue | 5:14 pmafter market close | Sep 30, 2013 | $3.5B+1% y/y | $1.58+6% y/y |
| Aug 2, 2013 Fri | 5:03 pmafter market close | Jun 30, 2013 | $2.8B+2% y/y | $0.59−19% y/y |
| May 3, 2013 Fri | 5:07 pmafter market close | Mar 31, 2013 | $3.2B+3% y/y | $0.65−31% y/y |
| Feb 1, 2013 Fri | 9:26 ambefore market open | Dec 31, 2012 | ≈$2.9B−0% y/y | ≈$0.70+8% y/y |
| Nov 6, 2012 Tue | 9:33 amduring market hours | Sep 30, 2012 | $3.4B−5% y/y | $1.49+15% y/y |
| Aug 3, 2012 Fri | 9:14 ambefore market open | Jun 30, 2012 | $2.8B−7% y/y | $0.73+30% y/y |
| May 4, 2012 Fri | 5:45 pmafter market close | Mar 31, 2012 | $3.1B−8% y/y | $0.94−11% y/y |
| Jan 20, 2012 Fri | 9:23 ambefore market open | Dec 31, 2011 | ≈$2.9B | ≈$0.65 |
| Nov 4, 2011 Fri | 5:01 pmafter market close | Sep 30, 2011 | $3.6B | $1.30 |
| Aug 5, 2011 Fri | 5:09 pmafter market close | Jun 30, 2011 | $3.0B | $0.56 |
Show all 61 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Consolidated Edison: 15-year financials
| 2025 | 16,918 | 2,935 | 2,023 | — | 1,166 |
| 2024 | 15,256 | 2,670 | 1,820 | — | 1,100 |
| 2023 | 14,663 | 3,196 | 2,519 | — | 1,096 |
| 2022 | 15,670 | 2,624 | 1,660 | −530 | 1,089 |
| 2021 | 13,676 | 2,826 | 1,346 | −1,231 | 1,030 |
| 2020 | 12,246 | 2,654 | 1,101 | −1,887 | 975 |
| 2019 | 12,574 | 2,676 | 1,343 | −542 | 924 |
| 2018 | 12,337 | 2,664 | 1,382 | −2,554 | 842 |
| 2017 | 12,033 | 2,774 | 1,525 | −239 | 803 |
| 2016 | 12,075 | 2,780 | 1,245 | −1,776 | 763 |
| 2015 | 12,554 | 2,427 | 1,193 | 2,785 | 733 |
| 2014 | 12,919 | 2,209 | 1,092 | 2,651 | 739 |
| 2013 | 12,354 | 2,244 | 1,062 | 2,353 | 721 |
| 2012 | 12,188 | 2,339 | 1,141 | 2,447 | 709 |
| 2011 | 12,886 | 2,239 | 1,062 | 3,057 | 693 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Mar 31, 2026: $25.6B (34% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
Consolidated Edison (ED) earnings: FAQ
How does Consolidated Edison make money?
Consolidated Edison brought in $4.07 billion of revenue in Q2 2026, up 13.2% year over year. The largest source was Electric: $3.14 billion, or 77% of the total, followed by Gas ($811M, 20%) and Steam ($118M, 3%). Net income for the quarter was $308 million, up 25.2% year over year.
When is ED's next earnings date?
We have not yet seen an announcement of the date from Consolidated Edison (ED). Based on last year's report on Nov 6, 2025, the next report is expected around Nov 5, 2026.
What time does ED report earnings?
Consolidated Edison usually reports after market close: its latest results release was filed with the SEC at 5:09 pm ET on Aug 6, 2026.
When did ED last report earnings?
Consolidated Edison reported Q2 2026 results on Aug 6, 2026.
Where can I find Consolidated Edison's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to ED's filings; this page breaks the latest report down in a Sankey chart.
What was ED's net income in Q2 2026?
Consolidated Edison reported net income of $308M for Q2 2026 (+25.2% year over year), under US GAAP.
Does Consolidated Edison pay dividends?
Yes. In 2025, Consolidated Edison paid $1,166M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has Consolidated Edison's revenue changed since 2011?
Per its 10-K filings, revenue grew 1.3x: $12,886M in 2011 and $16,918M in 2025. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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