Filing Flows › Consolidated Edison (ED) › Q1 2026
Consolidated Edison (ED) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Consolidated Edison (ED) reported revenue of $5.1B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +28% from the quarter before. Operating margin was 23.1%, net earnings $924M (18.1% of revenue).
Consolidated Edison, Q1 2026: revenue $5.1B (+6% year over year), operating margin 23.1%, net earnings $924M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1B | +28% | +6% |
| Operating profit | $1.2B | +142% | +5% |
| Net earnings | $924M | +211% | +17% |
| Operating cash flow | $174M | -88% | -79% |
What changed
Revenue was $5.1B in Q1 2026, up 6% year over year and up 28% from the previous quarter. Electric was the largest line at 60% of revenue. Electric added $0.14B year over year (up 5%), 46% of the total change.
Operating profit was $1.2B, a 23.1% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, below the 23% margin then. Total costs grew 7% against revenue growth of 6%. Net earnings were $0.92B, up 17% year over year. The effective tax rate was 24.7%.
Operating cash flow was $0.17B (down 79% year over year), 19% of net earnings. Non-cash charges added back $0.57B of depreciation and amortization. Working capital and other items used $1.3B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$1.0B.
Questions
What was Consolidated Edison's revenue in the first quarter 2026?
Consolidated Edison (ED) reported revenue of $5.1B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +28% from the quarter before.
Was Consolidated Edison profitable in the first quarter 2026?
Operating profit was $1.2B (23.1% of revenue) and net earnings $924M.