Filing Flows › Utilities › Consolidated Edison (ED)
Consolidated Edison (ED) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Consolidated Edison (ED) Q3 2026 earnings results →
Q3 2026 Revenue up 8% year over year to $4.9B · 16¢ of every $1 of revenue kept as net profit · operating margin 23.8%
Consolidated Edison made $4.9B in Q3 2026 (+8% Y/Y): Electric $4.4B, Gas $455M, Steam $62.0M. Operating margin 23.8%, net earnings $766M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.9B in Q3 2026, up 8% year over year. Electric was the largest line at 89% of revenue. Electric added $0.35B year over year (up 9%), 93% of the total change.
Operating profit was $1.2B, a 23.8% margin (up 2.4 points year over year). Of the extra revenue versus Q3 2025, 53% reached operating profit, above the 21% margin then. Total costs grew 5% against revenue growth of 8%. Net earnings were $0.77B, up 11% year over year. The effective tax rate was 25.0%.
Operating cash flow was $0.85B (up 69% year over year), 111% of net earnings. Non-cash charges added back $0.59B of depreciation and amortization. Working capital and other items used $0.50B. Capital expenditures of $1.7B exceeded it, leaving free cash flow of −$0.83B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $4.9B | +8% | 23.8% | $766M | $854M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $4.1B | +13% | 13.6% | $308M | $1.8B |
| Q1 2026 | 10-Q | May 7, 2026 | $5.1B | +6% | 23.1% | $924M | $174M |
| Q4 2025 | 10-K | Feb 19, 2026 | $4.0B | +9% | 12.2% | $297M | $1.5B |
| Q3 2025 | 10-Q | Nov 6, 2025 | $4.5B | +11% | 21.4% | $688M | $504M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $3.6B | +12% | 9.9% | $246M | $2.0B |
| Q4 2024 | 10-K | Feb 20, 2025 | $3.7B | +6% | 13.0% | $310M | $1.3B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Consolidated Edison
Consolidated Edison, Inc. (Con Edison), incorporated in New York State in 1997, is a holding company that owns all of the outstanding common stock of Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. As used in this report, the term the “Companies” refers to Con Edison and CECONY, and the term the “Utilities” refers to CECONY and O&R. Con Edison’s principal business operations are those of CECONY, O&R and Con Edison Transmission. CECONY’s principal business operations are its regulated electric, gas and steam delivery businesses. O&R’s principal business operations are its regulated electric and gas delivery businesses. Con Edison Transmission, through its subsidiaries, develops and invests in electric transmission projects and owns, through joint ventures, both electric and gas assets.
In its own words, from its 10-K, filed Feb 19, 2026.
Consolidated Edison against its Electric & Other Services Combined peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +7%. Operating margin: 23.8% against the peers' median 22.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ED Consolidated Edison | Q3 2026 | $4.9B | +8% | 23.8% |
| DUK Duke Energy | Q3 2026 | $9.1B | +7% | 30.2% |
| Pepco Holdings LLC | Q3 2026 | $7.3B | +9% | 18.8% |
| EXC Exelon | Q1 2026 | $7.2B | +8% | 22.2% |
| PCG PG&E | Q3 2026 | $6.2B | -1% | 20.2% |
| XEL Xcel Energy | Q3 2026 | $4.2B | +7% | 28.5% |
| Consolidated Edison Co of New York | Q2 2026 | $4.1B | +13% | 13.6% |
| PEG Public Service Enterprise Group | Q3 2026 | $3.0B | -6% | 20.6% |
| AEE Ameren | Q3 2026 | $2.9B | +7% | 31.2% |
Source: Consolidated Edison 10-Q on SEC EDGAR · CIK 1047862 · Electric & Other Services Combined
Guidance and outlook
13F: who owns ED and who is buying
More on ED
- How Consolidated Edison makes money: revenue by segment
- Consolidated Edison next earnings date and what analysts expect
- Consolidated Edison stock forecast, price target and fair value
- Who owns Consolidated Edison stock: holders, funds and Congress trades
- Consolidated Edison guidance and outlook
- Is Consolidated Edison a takeover target? LBO and rumors
- Consolidated Edison recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q4 2024 results
- Consolidated Edison guidance history: guided vs reported
- Consolidated Edison operating margin by quarter
- Consolidated Edison net income by quarter
- Consolidated Edison free cash flow by quarter
- Consolidated Edison capital expenditures by quarter
- Consolidated Edison Electric revenue by quarter
- Consolidated Edison Gas revenue by quarter
- Consolidated Edison Steam revenue by quarter