Filing Flows › Consolidated Edison (ED) › Q4 2024
Consolidated Edison (ED) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 20, 2025
Consolidated Edison (ED) reported revenue of $3.7B for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and -10% from the quarter before. Operating margin was 13.0%, net earnings $310M (8.4% of revenue).
Consolidated Edison, Q4 2024: revenue $3.7B (+6% year over year), operating margin 13.0%, net earnings $310M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -10% | +7% |
| Operating profit | $477M | -45% | +6% |
| Net earnings | $310M | -47% | -7% |
| Operating cash flow | $1.3B | +234% | +34% |
| Free cash flow | $73.0M | — | — |
What changed
Revenue was $3.7B in Q4 2024, up 7% year over year and down 10% from the previous quarter. Electric was the largest line at 74% of revenue.
Operating profit was $0.48B, a 13.0% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 13% margin then. Total costs grew 7% against revenue growth of 7%. Net earnings were $0.31B, down 7% year over year. The effective tax rate was 3.4%.
Operating cash flow was $1.3B (up 34% year over year), 423% of net earnings. Non-cash charges added back $0.55B of depreciation and amortization. Working capital and other items added $0.45B. Capital expenditures of $1.2B left free cash flow of $0.07B.
Questions
What was Consolidated Edison's revenue in the fourth quarter 2024?
Consolidated Edison (ED) reported revenue of $3.7B for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and -10% from the quarter before.
Was Consolidated Edison profitable in the fourth quarter 2024?
Operating profit was $477M (13.0% of revenue) and net earnings $310M.