CONSOLIDATED EDISON INC

ED 10-Q · Q3 2025

ED Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 4,530 4,092 +10.7%
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Electricity 4,040 3,669 +10.1%
Electricity · CECONY 3,733 3,376 +10.6%
Non-utility 1 1 0.0%
Oil And Gas Purchased 433 373 +16.1%
Oil And Gas Purchased · CECONY 392 337 +16.3%
Product And Service Other -38 -133 +71.4%
Product And Service Other · CECONY -19 -147 +87.1%
Product And Service Other · CECONY 11 -117 +109.4%
Product And Service Other · CECONY -29 -27 -7.4%
Product And Service Other · CECONY -1 -3 +66.7%
Product And Service Other · O&R -18 14 -228.6%
Product And Service Other · O&R -17 -16 -6.2%
Product And Service Other · O&R -1 30 -103.3%
Product And Service Other · Other -1
Steam 56 49 +14.3%
Steam · CECONY 56 49 +14.3%
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Con Edison Transmission · Operating Segments 1 1 0.0%
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CECONY 4,181 3,762 +11.1%
CECONY · Intersegment Elimination -26 -26 0.0%
CECONY · Intersegment Elimination 5 5 0.0%
CECONY · Intersegment Elimination 2 2 0.0%
CECONY · Intersegment Elimination 19 19 0.0%
CECONY · Operating Segments 4,181 3,762 +11.1%
CECONY · Operating Segments 3,733 3,376 +10.6%
CECONY · Operating Segments 392 337 +16.3%
CECONY · Operating Segments 56 49 +14.3%
CECONY · Related Party 41 39 +5.1%
CECONY · Subsidiaries 4,181 3,762 +11.1%
O&R · Operating Segments 349 329 +6.1%
O&R · Operating Segments 308 293 +5.1%
O&R · Operating Segments 41 36 +13.9%
O&R · Subsidiaries 349 329 +6.1%
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Other -1
Revenue 4,568 4,225 +8.1%
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Con Edison Transmission · Operating Segments 1 1 0.0%
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CECONY · Subsidiaries 4,200 3,909 +7.4%
CECONY · Subsidiaries 3,722 3,493 +6.6%
CECONY · Subsidiaries 421 364 +15.7%
CECONY · Subsidiaries 57 52 +9.6%
O&R · Subsidiaries 367 315 +16.5%
O&R · Subsidiaries 325 309 +5.2%
O&R · Subsidiaries 42 6 +600.0%
Cost of Revenue (Q)
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Electricity Purchased 905 743 +21.8%
Electricity Purchased · CECONY 777 642 +21.0%
Fuel 40 27 +48.1%
Fuel · CECONY 40 27 +48.1%
Oil And Gas Operation And Maintenance 965 986 -2.1%
Oil And Gas Operation And Maintenance · CECONY 871 880 -1.0%
Oil And Gas Purchased 113 67 +68.7%
Oil And Gas Purchased · CECONY 97 59 +64.4%
Operating Expenses 3,562 3,230 +10.3%
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CECONY 3,267 2,959 +10.4%
CECONY · Related Party 21 21 0.0%
Operating Income 968 862 +12.3%
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Con Edison Transmission · Operating Segments -1 -1 0.0%
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CECONY 914 803 +13.8%
CECONY · Operating Segments 914 803 +13.8%
CECONY · Operating Segments 1,124 998 +12.6%
CECONY · Operating Segments -122 -112 -8.9%
CECONY · Operating Segments -88 -83 -6.0%
O&R · Operating Segments 57 63 -9.5%
O&R · Operating Segments 71 72 -1.4%
O&R · Operating Segments -14 -9 -55.6%
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Other -2 -3 +33.3%
Non-Operating Income (Expense) 231 165 +40.0%
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Con Edison Transmission · Operating Segments 16 16 0.0%
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CECONY 201 138 +45.7%
CECONY · Operating Segments 201 138 +45.7%
CECONY · Operating Segments 153 105 +45.7%
CECONY · Operating Segments 36 24 +50.0%
CECONY · Operating Segments 12 9 +33.3%
O&R · Operating Segments 11 8 +37.5%
O&R · Operating Segments 8 6 +33.3%
O&R · Operating Segments 3 2 +50.0%
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Other 3 3 0.0%
Income Before Taxes 890 721 +23.4%
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CECONY 826 656 +25.9%
Income Tax Expense (Benefit) 202 133 +51.9%
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CECONY 187 119 +57.1%
CECONY · Subsidiaries 187 119 +57.1%
Net Income 688 588 +17.0%
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Retained Earnings 688 588 +17.0%
Retained Earnings · CECONY 639 537 +19.0%
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CECONY 639 537 +19.0%
Comprehensive Income 688 588 +17.0%
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CECONY 639 537 +19.0%
EPS (Basic) 1.91 1.7 +12.4%
EPS (Diluted) 1.9 1.69 +12.4%
Wtd Avg Shares (Basic) 360.7 346.2 +4.2%
Wtd Avg Shares (Diluted) 361.9 347.5 +4.1%
Interest Expense 309 306 +1.0%
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CECONY 289 285 +1.4%
Depreciation And Amortization 586 550 +6.5%
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CECONY 554 520 +6.5%
CECONY · Operating Segments 554 520 +6.5%
CECONY · Operating Segments 403 376 +7.2%
CECONY · Operating Segments 122 117 +4.3%
CECONY · Operating Segments 29 27 +7.4%
O&R · Operating Segments 32 30 +6.7%
O&R · Operating Segments 22 21 +4.8%
O&R · Operating Segments 10 9 +11.1%
Income Loss From Equity Method Investments (Q)
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Con Edison Gas Pipeline and Storage, LLC · Mountain Valley Pipeline LLC 8

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 181 93 +94.6%
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CECONY 39 33 +18.2%
Accounts Receivable 2,347 2,567 -8.6%
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CECONY · Nonrelated Party 2,243 2,456 -8.7%
CECONY · Related Party 63 481 -86.9%
Total Current Assets 5,460 6,080 -10.2%
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CECONY 5,039 5,704 -11.7%
Non-Current Assets
Property, Plant & Equipment 54,397 51,357 +5.9%
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CECONY 50,982 48,257 +5.6%
Operating Lease Right-of-Use Assets 466 499 -6.6%
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CECONY 465 499 -6.8%
Goodwill 408 408 0.0%
Other Non-Current Assets 10,758 10,072 +6.8%
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CECONY 9,862 9,196 +7.2%
Total Assets 71,844 68,645 +4.7%
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Con Edison Transmission · Operating Segments 505 456 +10.7%
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CECONY 66,636
CECONY · Operating Segments 66,636 63,849 +4.4%
CECONY · Operating Segments 47,820 44,828 +6.7%
CECONY · Operating Segments 16,080 16,116 -0.2%
CECONY · Operating Segments 2,736 2,905 -5.8%
O&R · Operating Segments 4,341 3,970 +9.3%
O&R · Operating Segments 2,869 2,529 +13.4%
O&R · Operating Segments 1,472 1,441 +2.2%
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Other 362 370 -2.2%
Long Term Investments 1,229 1,136 +8.2%
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CECONY 753 692 +8.8%
Current Liabilities
Accounts Payable 1,583 1,472 +7.5%
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CECONY · Nonrelated Party 1,434 1,328 +8.0%
CECONY · Related Party 18 18 0.0%
Commercial Paper 552 2,059 -73.2%
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CECONY 244 1,676 -85.4%
Total Current Liabilities 5,079 6,027 -15.7%
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CECONY 4,458 5,218 -14.6%
Non-Current Liabilities
Operating Lease Liabilities 394 430 -8.4%
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CECONY 393 430 -8.6%
Stockholders' Equity
Total Stockholders' Equity 24,168 21,898 +10.4%
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Accumulated Other Comprehensive Income 17 18 -5.6%
Accumulated Other Comprehensive Income · CECONY 2 2 0.0%
Additional Paid In Capital 11,404 9,955 +14.6%
Additional Paid In Capital · CECONY 10,577 9,253 +14.3%
Capital Stock Expense -140 -122 -14.8%
Capital Stock Expense · CECONY -78 -62 -25.8%
Common Stock 39 38 +2.6%
Common Stock · CECONY 589 589 0.0%
Repurchased Con Edison Stock · CECONY -962 -962 0.0%
Retained Earnings 14,865 14,026 +6.0%
Retained Earnings · CECONY 11,869 11,053 +7.4%
Treasury Stock Common -2,017 -2,017 0.0%
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CECONY 21,997 19,873 +10.7%
O&R 1,291
Total Liabilities & Equity 71,844 68,645 +4.7%
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CECONY 66,636 63,849 +4.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Deferred Income Taxes 498 448 +11.2%
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CECONY 365 553 -34.0%
Other Non-Cash Items -159 -107 -48.6%
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CECONY -108 -58 -86.2%
Change in Accounts Receivable 103 -230 +144.8%
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CECONY · Nonrelated Party 104 -221 +147.1%
CECONY · Related Party 321 -335 +195.8%
Change in Accounts Payable -128 -199 +35.7%
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CECONY -114 -206 +44.7%
Net Cash from Operations 3,320 2,304 +44.1%
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CECONY 3,111 2,087 +49.1%
Investing Activities
Other Investing Activities -36 -21 -71.4%
Net Cash from Investing -3,786 -3,889 +2.6%
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CECONY -3,497 -3,642 +4.0%
Financing Activities
Debt Issuance Costs -3 -25 +88.0%
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CECONY -2 -24 +91.7%
Net Cash from Financing -685 492 -239.2%
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CECONY -829 450 -284.2%
Supplemental
Income Taxes Paid -167 6 -2883.3%
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CECONY -183 64 -385.9%
Interest Paid 726 657 +10.5%
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CECONY 677 607 +11.5%
Other Cash Flow
Net Change in Cash -1,151 -1,093 -5.3%
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CECONY -1,215 -1,105 -10.0%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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