0001047862-26-000031
SEC filingConsolidated Edison, Inc. (ED) reported solid financial results for fiscal year 2025, ending December 31, 2025. The company generated total operating revenues of $16.92 billion, resulting in operating income of $2.94 billion. Net income for common stock was $2.02 billion, with earnings per share of $6.00 (both basic and diluted). Key drivers included strong operating performance across utility operations and significant other income of $895 million, partially offset by net interest expense of $1.23 billion. The company maintained a strong balance sheet with total assets of $74.60 billion and shareholders' equity of $24.19 billion. Operating cash flow was robust at $4.80 billion, though significant utility capital expenditures of $4.76 billion resulted in negative net cash flows from investing activities. The company paid $1.17 billion in common stock dividends while raising capital through debt and equity issuances.
Consolidated Edison, Inc. delivered solid financial performance for fiscal year 2025 with total operating revenues of $16.92 billion. The company achieved operating income of $2.94 billion, representing an operating margin of 17.4%. Net income for common stock was $2.02 billion, translating to earnings per share of $6.00 on both basic and diluted bases. The income statement shows strong operational performance with operating expenses totaling $13.99 billion, including $7.91 billion in operating costs, $2.32 billion in depreciation and amortization, and $3.76 billion in taxes other than income taxes. Other income contributed significantly at $895 million, while interest expense totaled $1.23 billion. Income tax expense was $574 million.
The filing provides consolidated revenue figures without segment breakdown. Total operating revenues of $16.92 billion represent the company's combined utility operations. The revenue figure reflects the company's regulated utility business model serving customers in its service territories. No specific segment revenue data, geographic mix, or growth drivers are disclosed in the provided financial data. The company's revenue generation appears stable based on the consolidated figures presented.
The company maintained healthy profitability metrics with an operating margin of 17.4% based on operating income of $2.94 billion and total operating revenues of $16.92 billion. The cost structure shows operating costs of $7.91 billion, depreciation and amortization of $2.32 billion, and taxes other than income taxes of $3.76 billion. Other income of $895 million significantly contributed to pre-tax income, while interest expense of $1.23 billion and income tax expense of $574 million reduced net income to $2.02 billion. The company's profitability appears stable with consistent margin performance.
Operating cash flow was strong at $4.80 billion, driven by net income of $2.02 billion and adjusted for non-cash items including $2.32 billion in depreciation. Investing activities used $5.25 billion primarily for utility capital expenditures of $4.76 billion. Financing activities generated $746 million through debt and equity issuances. The balance sheet shows total assets of $74.60 billion, including $55.40 billion in net utility plant and $6.75 billion in current assets. Liabilities include $25.55 billion in long-term debt and $6.61 billion in current liabilities. Shareholders' equity stands at $24.19 billion, providing a solid capital base.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors. As a regulated utility, the company's outlook would typically depend on regulatory approvals, rate cases, infrastructure investment plans, and economic conditions in its service territories. The significant capital expenditures of $4.76 billion suggest ongoing investment in utility infrastructure. The company's dividend payments of $1.17 billion indicate a commitment to shareholder returns. No forward-looking statements or specific guidance are included in the financial data provided.