Filing Flows › Consolidated Edison (ED) › Q2 2026 › vs Q1 2026
Consolidated Edison (ED) Q2 2026 vs Q1 2026 (quarter over quarter)
Consolidated Edison's revenue fell $1.0B (-20%) from $5.1B in Q1 2026 to $4.1B in Q2 2026. The biggest changes: Gas −$812M (-50%); Steam −$314M (-73%); Electric +$100M (+3%). Operating margin 13.6% against 23.1% (-9.5 pts).
Consolidated Edison, Q2 2026: revenue $4.1B (+13% year over year), operating margin 13.6%, net earnings $308M, operating cash flow $1.8B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.6% | 23.1% | -9.5 pts |
| Net margin | 7.6% | 18.1% | -10.6 pts |
| Free cash flow margin | 12.2% | -19.6% | +31.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Electric | $3.1B | $3.0B | $100M | +3% |
| Gas | $811M | $1.6B | −$812M | -50% |
| Steam | $118M | $432M | −$314M | -73% |
| Revenue | $4.1B | $5.1B | −$1.0B | -20% |
| Operating profit | $552M | $1.2B | −$625M | -53% |
| Costs & expenses | $3.5B | $3.9B | −$401M | -10% |
| Pre-tax earnings | $408M | $1.2B | −$819M | -67% |
| Other expense, net | $144M | −$50.0M | $194M | — |
| Net earnings | $308M | $924M | −$616M | -67% |
| Income tax | $100M | $303M | −$203M | -67% |
| Depreciation & amortization | $578M | $572M | $6.0M | +1% |
| Working capital & other | $911M | −$1.3B | $2.2B | — |
| Operating cash flow | $1.8B | $174M | $1.6B | +933% |
| Free cash flow (OCF − capex) | $496M | −$998M | $1.5B | — |
| Capital expenditures | $1.3B | $1.2B | $129M | +11% |
Questions
How much did Consolidated Edison's revenue grow quarter over quarter in Q2 2026?
Consolidated Edison's revenue fell $1.0B (-20%) from $5.1B in Q1 2026 to $4.1B in Q2 2026.
What drove Consolidated Edison's revenue change in Q2 2026?
Gas −$812M (-50%); Steam −$314M (-73%); Electric +$100M (+3%).