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How Consolidated Edison (ED) makes money
Consolidated Edison (ED) made $4.9B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Electric brought in $4.4B (89%); Gas brought in $455M (9%); Steam brought in $62.0M (1%). Of every dollar of revenue, 24¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Electric | $4.4B | 89.5% | — | +9% |
| Gas | $455M | 9.3% | — | +5% |
| Steam | $62.0M | 1.3% | — | +11% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.9B | 100.0% |
| Operating profit | $1.2B | 23.8% |
| Income tax | $255M | 5.2% |
| Net earnings | $766M | 15.6% |
| Operating cash flow | $854M | 17.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.9B | +8% |
| Q2 2026 | $4.1B | +13% |
| Q1 2026 | $5.1B | +6% |
| Q4 2025 | $4.0B | +9% |
| Q3 2025 | $4.5B | +11% |
| Q2 2025 | $3.6B | +12% |
| Q4 2024 | $3.7B | +6% |
From Consolidated Edison's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Consolidated Edison make money?
Consolidated Edison (ED) made $4.9B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Electric brought in $4.4B (89%); Gas brought in $455M (9%); Steam brought in $62.0M (1%). Of every dollar of revenue, 24¢ was left as operating profit, 16¢ was left as net earnings.
What is Consolidated Edison's biggest business?
Electric: $4.4B in the third quarter 2026, 89% of revenue, +9% from a year earlier.
What is Consolidated Edison's profit margin?
Net earnings were $766M, 15.6% of revenue, in the third quarter 2026; the operating margin was 23.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.