Filing Flows › Consolidated Edison (ED) › Q2 2026 › vs Q2 2025
Consolidated Edison (ED) Q2 2026 vs Q2 2025 (year over year)
Consolidated Edison's revenue rose $474M (+13%) from $3.6B in Q2 2025 to $4.1B in Q2 2026. The biggest changes: Electric +$362M (+13%); Gas +$100M (+14%); Steam +$12.0M (+11%). Operating margin 13.6% against 9.9% (+3.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.6% | 9.9% | +3.7 pts |
| Net margin | 7.6% | 6.8% | +0.7 pts |
| Free cash flow margin | 12.2% | 19.9% | -7.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Electric | $3.1B | $2.8B | $362M | +13% |
| Gas | $811M | $711M | $100M | +14% |
| Steam | $118M | $106M | $12.0M | +11% |
| Revenue | $4.1B | $3.6B | $474M | +13% |
| Operating profit | $552M | $355M | $197M | +55% |
| Costs & expenses | $3.5B | $3.2B | $277M | +9% |
| Pre-tax earnings | $408M | $296M | $112M | +38% |
| Other expense, net | $144M | $59.0M | $85.0M | +144% |
| Net earnings | $308M | $246M | $62.0M | +25% |
| Income tax | $100M | $50.0M | $50.0M | +100% |
| Depreciation & amortization | $578M | $576M | $2.0M | +0.3% |
| Working capital & other | $911M | $1.2B | −$246M | -21% |
| Operating cash flow | $1.8B | $2.0B | −$182M | -9% |
| Free cash flow (OCF − capex) | $496M | $714M | −$218M | -31% |
| Capital expenditures | $1.3B | $1.3B | $36.0M | +3% |
Questions
How much did Consolidated Edison's revenue grow year over year in Q2 2026?
Consolidated Edison's revenue rose $474M (+13%) from $3.6B in Q2 2025 to $4.1B in Q2 2026.
What drove Consolidated Edison's revenue change in Q2 2026?
Electric +$362M (+13%); Gas +$100M (+14%); Steam +$12.0M (+11%).