NYSE$ED

Consolidated Edison Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Consolidated Edison reported Q3 2025 operating revenues of about $4.53B with net income for common stock of $688M and diluted EPS of $1.90.

Third-quarter operating revenues were approximately $4.53 billion with net income for common stock of $688 million and diluted EPS of $1.90. The regulated utility discussed electric, gas, and steam delivery results, rate plans, and storm restoration costs in its combined 10-Q.

  • Q3 operating revenues ~$4.53B.
  • Net income for common stock $688M; diluted EPS $1.90.
  • Nine-month net income for common stock $1.73B.
  • Rate cases and capital investment plan updates in MD&A.

Headline financials

Total Revenue

$4.53B

Previous: $4.09B+10.7%
EPS (adj)

$1.90

Previous: $1.69+12.4%
Capital Expenditures

-$3.46B

Previous: -$3.53B+2.1%
Free Cash Flow

-$2.77B

Previous: -$2.95B+5.9%
Net Income

$688M

Previous: $588M+17.0%
Operating Income

$968M

Previous: $862M+12.3%
Gross Profit

$4.53B

Previous: $4.09B+10.7%
Cash & Equivalents

$181M

Previous: $93M+94.6%
Total Assets

$71.8B

Previous: $68.6B+4.7%

Revenue & EPS history

ConEd · Revenue · Quarterly

$4.53B

Q3 2025+10.7%vs Q3 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

ConEd · $462M total across 1 segment · Q4 2022

  • Non-utility
    $462M+92.5%

Forward guidance

Con Edison discussed electric, gas, and steam rate plans, storm cost recovery, and a multi-year capital investment program to support grid reliability and clean energy transition in New York. Regulatory outcomes and weather-normalized sales trends remain key drivers of future earnings.

Tailwinds

  • Regulated utility cash flows support dividend policy.
  • Rate plan filings seek recovery of storm and capital costs.
  • Clean energy and grid modernization investments continue.
  • Nine-month EPS $4.83 on stable utility operations.

Headwinds

  • Regulatory lag and political scrutiny of utility rates.
  • Storm restoration and environmental remediation costs.
  • Interest expense on growing rate base.
  • Weather and commodity costs can swing quarterly results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.5%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+4.4%

Q2 2024

Best reaction

-6.0%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%-0.5%-0.1%
Q4 2025-1.0%-0.8%-2.2%
Q3 2025+1.7%+3.3%-0.4%
Q2 2025-0.5%-1.3%-6.6%
Q1 2025-2.4%-1.4%-7.2%
Q4 2024+2.6%+4.4%+12.6%
Q3 2024-0.8%-1.9%-4.2%
Q2 2024+4.4%+3.5%+4.1%
Q1 2024+0.8%+2.8%-0.3%
Q4 2023+0.6%+0.9%+2.4%
Q3 2023+1.0%+0.4%+2.8%
Q2 2023-4.3%-2.3%-5.3%
Q1 2023+1.5%+0.7%-6.4%
Q4 2022+2.2%+1.7%+4.9%
Q3 2022+2.1%+0.1%+10.4%
Q2 2022-0.9%+0.8%+0.4%
Q1 2022+0.5%-0.9%+4.7%
Q4 2021+4.4%+4.5%+9.4%
Q3 2021+1.6%+1.1%+4.6%
Q2 2021+0.9%+2.0%+1.9%
Q1 2021+1.6%+3.2%+0.5%
Q4 2020-2.8%-3.5%+3.1%
Q3 2020-2.2%+3.2%-5.3%
Q2 2020+2.0%-0.5%-0.8%
Q1 2020-0.3%-3.8%+1.3%
Q4 2019-3.9%-6.0%-22.7%
Q3 2019-3.1%-3.5%-4.8%
Q2 2019+1.4%+2.0%+4.6%
Q1 2019+0.9%-0.0%+1.3%
Q4 2018+3.9%+3.0%+7.5%
Q3 2018-1.9%+1.6%+5.7%
Q2 2018+1.7%+1.0%+1.5%
Q1 2018+0.0%-3.8%-4.7%
Q4 2017+2.5%+0.6%+2.1%
Q3 2017+1.4%+2.2%+3.5%
Q2 2017+0.1%+1.6%+1.6%
Q1 2017+1.3%+0.1%+6.1%
Q4 2016-0.3%+1.1%+4.0%
Q3 2016-0.1%+2.0%-5.6%
Q2 2016-1.5%-1.0%-4.2%
Q1 2016-2.7%
Q4 2015+1.3%
Q3 2015-6.0%
Q2 2015+2.7%
Q1 2015-0.0%
Q4 2014-2.5%
Q3 2014-1.7%
Q2 2014+3.9%
Q1 2014-2.8%
Q4 2013+1.0%
Q3 2013-0.1%
Q2 2013+0.8%
Q1 2013+0.5%
Q4 2012+0.5%
Q3 2012-2.4%
Q2 2012+0.3%
Q1 2012+0.1%
Q4 2011-0.0%
Q3 2011+0.9%
Q2 2011-2.6%
Q4 2010+0.2%
Q1 2011+0.7%
Q3 2010+2.0%
Q4 2009+1.6%
Q2 2010+1.6%
Q1 2010+0.5%
Q2 2009-0.9%
Q3 2009+0.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro