Filing Flows › Consolidated Edison (ED) › Q2 2025
Consolidated Edison (ED) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Consolidated Edison (ED) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), +12% from a year earlier and -25% from the quarter before. Operating margin was 9.9%, net earnings $246M (6.8% of revenue).
Consolidated Edison, Q2 2025: revenue $3.6B (+12% year over year), operating margin 9.9%, net earnings $246M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -25% | +12% |
| Operating profit | $355M | -68% | +11% |
| Net earnings | $246M | -69% | +22% |
| Operating cash flow | $2.0B | +136% | +48% |
| Free cash flow | $714M | — | +297% |
What changed
Revenue was $3.6B in Q2 2025, up 12% year over year and down 25% from the previous quarter. Electric was the largest line at 77% of revenue. Electric added $0.23B year over year (up 9%), 61% of the total change.
Operating profit was $0.35B, a 9.9% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 10% margin then. Total costs grew 12% against revenue growth of 12%. Net earnings were $0.25B, up 22% year over year. The effective tax rate was 16.9%.
Operating cash flow was $2.0B (up 48% year over year), 804% of net earnings. Non-cash charges added back $0.58B of depreciation and amortization. Working capital and other items added $1.2B. Capital expenditures of $1.3B left free cash flow of $0.71B.
Questions
What was Consolidated Edison's revenue in the second quarter 2025?
Consolidated Edison (ED) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), +12% from a year earlier and -25% from the quarter before.
Was Consolidated Edison profitable in the second quarter 2025?
Operating profit was $355M (9.9% of revenue) and net earnings $246M.