Filing Flows › Consolidated Edison (ED) › Q3 2025
Consolidated Edison (ED) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Consolidated Edison (ED) reported revenue of $4.5B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +26% from the quarter before. Operating margin was 21.4%, net earnings $688M (15.2% of revenue).
Consolidated Edison, Q3 2025: revenue $4.5B (+11% year over year), operating margin 21.4%, net earnings $688M, operating cash flow $504M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +26% | +11% |
| Operating profit | $968M | +173% | +12% |
| Net earnings | $688M | +180% | +17% |
| Operating cash flow | $504M | -75% | +29% |
What changed
Revenue was $4.5B in Q3 2025, up 11% year over year and up 26% from the previous quarter. Electric was the largest line at 89% of revenue. Electric added $0.37B year over year (up 10%), 85% of the total change.
Operating profit was $1.0B, a 21.4% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 21% margin then. Total costs grew 10% against revenue growth of 11%. Net earnings were $0.69B, up 17% year over year. The effective tax rate was 22.7%.
Operating cash flow was $0.50B (up 29% year over year), 73% of net earnings. Non-cash charges added back $0.59B of depreciation and amortization. Working capital and other items used $0.77B. Capital expenditures of $1.0B exceeded it, leaving free cash flow of −$0.54B.
Questions
What was Consolidated Edison's revenue in the third quarter 2025?
Consolidated Edison (ED) reported revenue of $4.5B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +26% from the quarter before.
Was Consolidated Edison profitable in the third quarter 2025?
Operating profit was $968M (21.4% of revenue) and net earnings $688M.