Consolidated Edison, Inc.
Description
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
About
CEO
Mr. Timothy P. Cawley
Employees
14,592
Instrument type
Common Stock
Sector
Utilities
Industry
Utilities - Regulated Electric
MIC code
XNYS
Address
4 Irving Place, New York, NY 10003, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| May 1, 2025 | — | — | — | — |
| Feb 14, 2025 | 0.97 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 18 |
| Average estimate | — | 2.01 | — | 5.63 |
| Low estimate | — | 1.41 | — | 5.59 |
| High estimate | — | 2.22 | — | 5.74 |
| Last year EPS | — | 2.15 | — | 5.35 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-4.060%
Next qtr. (Mar 2025)
-6.630%
Current year
5.610%
Next year (Dec 2025)
5.190%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 14.66B | 15.67B | 13.68B | 12.25B | 12.57B |
| Cost of revenue | 7.26B | 7.99B | 6.01B | 5.10B | 5.81B |
| Gross profit | 7.41B | 7.69B | 7.67B | 7.15B | 6.77B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | — | — | — | — |
| Other operating expenses | — | — | — | — | — |
| Operating income | 2.33B | 2.62B | 2.83B | 2.65B | 2.68B |
| Non operating interest income | |||||
| Income | — | 99.00M | 14.00M | — | — |
| Expense | 1.02B | 951.00M | 919.00M | 1.02B | 991.00M |
| Other income expense | 1.70B | 326.00M | -538.00M | -401.00M | 51.00M |
| Pretax income | 3.00B | 2.10B | 1.38B | 1.23B | 1.74B |
| Tax provision | 487.00M | 498.00M | 190.00M | 90.00M | 296.00M |
| Net income | 2.52B | 1.60B | 1.19B | 1.14B | 1.44B |
| Basic EPS | 7.25 | 4.68 | 3.86 | 3.29 | 4.09 |
| Diluted EPS | 7.21 | 4.66 | 3.85 | 3.28 | 4.08 |
| Basic average shares | 347.70M | 354.50M | 348.40M | 334.80M | 328.50M |
| Diluted average shares | 347.70M | 354.50M | 348.40M | 334.80M | 328.50M |
| EBITDA | 5.10B | 5.07B | 4.73B | 4.37B | 4.30B |
| Net income from continuing op. | 2.52B | 1.60B | 1.19B | 1.14B | 1.44B |
| Minority interests | 3.00M | 60.00M | 153.00M | -43.00M | -97.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 66.33B | 69.07B | 63.12B | 62.90B | 58.08B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.19B | 1.28B | 992.00M | 1.27B | 981.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 2.42B | 2.19B | 1.94B | 1.70B | 1.24B |
| Other receivables | 647.00M | 328.00M | 488.00M | 415.00M | 260.00M |
| Inventory | 469.00M | 492.00M | 437.00M | 356.00M | 352.00M |
| Prepaid assets | 470.00M | 264.00M | 295.00M | 271.00M | 260.00M |
| Restricted cash | 1.00M | — | 154.00M | 164.00M | 236.00M |
| Assets held for sale | 163.00M | 7.16B | — | — | — |
| Hedging assets | 52.00M | 59.00M | 128.00M | — | — |
| Other current assets | 405.00M | 481.00M | 439.00M | 497.00M | 328.00M |
| Non current assets | |||||
| Properties | 570.00M | 604.00M | 5.63B | 5.25B | 5.08B |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | 2.44B | 2.49B | 2.34B | 3.11B | 2.25B |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -14.18B | -13.09B | -12.80B | -11.71B | -10.71B |
| Goodwill | 816.00M | 816.00M | 2.17B | 2.35B | 2.45B |
| Investment properties | — | — | — | — | — |
| Financial assets | 48.00M | 85.00M | 77.00M | — | — |
| Intangible assets | — | — | 1.29B | 1.46B | 1.56B |
| Investments and advances | 999.00M | 841.00M | 853.00M | 1.82B | 2.07B |
| Other non current assets | 316.00M | 182.00M | 487.00M | 285.00M | 134.00M |
| Total liabilities | 45.17B | 48.18B | 42.78B | 43.83B | 39.87B |
| Current liabilities | |||||
| Accounts payable | 1.78B | 1.96B | 1.50B | 1.48B | 1.16B |
| Accrued expenses | 295.00M | 269.00M | 264.00M | 257.00M | 255.00M |
| Short term debt | 2.65B | 3.79B | 2.04B | 3.93B | 3.20B |
| Deferred revenue | 396.00M | 358.00M | 300.00M | 311.00M | 346.00M |
| Tax payable | 73.00M | 102.00M | 104.00M | 150.00M | 76.00M |
| Pensions | — | — | — | — | — |
| Other current liabilities | 1.27B | 4.86B | 1.22B | 1.23B | 1.24B |
| Non current liabilities | |||||
| Long term debt | 22.36B | 20.62B | 23.32B | 21.15B | 19.34B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 8.07B | 7.64B | 6.87B | 6.48B | 6.23B |
| Derivative product liabilities | 121.00M | 13.00M | 84.00M | 240.00M | 105.00M |
| Other non current liabilities | — | — | — | 4.51B | 4.83B |
| Shareholders equity | |||||
| Common stock | 37.00M | 37.00M | 37.00M | 36.00M | 35.00M |
| Retained earnings | 13.38B | 11.99B | 11.45B | 11.18B | 11.10B |
| Other shareholders equity | 22.00M | 22.00M | 5.00M | -25.00M | -19.00M |
| Total shareholders equity | 21.16B | 20.89B | 20.34B | 19.07B | 18.21B |
| Additional paid in capital | 9.86B | 9.80B | 9.71B | 8.81B | 8.05B |
| Treasury stock | 2.02B | 1.04B | 1.04B | 1.04B | 1.04B |
| Minority interest | — | 202.00M | 299.00M | 218.00M | 191.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 2.52B | 1.60B | 1.19B | 1.14B | 1.44B | 1.38B | 1.53B | 1.25B | 1.19B | 1.09B | 1.06B | 1.14B | 1.06B | 1.00B | 879.00M | 1.21B | 929.00M | 737.00M | 719.00M | 537.00M | 528.00M | 680.00M | 696.00M | 596.43M | 700.60M | 712.70M | 694.50M | 694.10M | 723.90M | 734.30M |
| Depreciation | 2.03B | 2.06B | 2.03B | 1.92B | 1.68B | 1.44B | 1.34B | 1.22B | 1.13B | 1.07B | 1.02B | 955.00M | 884.00M | 840.00M | 791.00M | 717.00M | 667.00M | 621.00M | 584.00M | 551.00M | 529.00M | 495.00M | 526.00M | 586.41M | 526.20M | 518.50M | 503.50M | 496.50M | 455.80M | 422.40M |
| Deferred Taxes | 132.00M | 435.00M | 133.00M | 85.00M | 308.00M | 408.00M | 485.00M | 783.00M | 653.00M | 518.00M | 40.00M | 584.00M | 491.00M | 659.00M | 436.00M | 470.00M | 335.00M | 338.00M | -79.00M | 362.00M | 418.00M | 315.00M | 6.00M | 177.74M | 41.80M | 86.40M | 22.60M | 40.60M | 69.00M | 64.10M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -43.00M | 102.00M | -371.00M | -509.00M | -525.00M | -625.00M | -724.00M | -539.00M | -714.00M | -472.00M | -878.00M | -773.00M | -471.00M | -578.00M | -91.00M | -141.00M | -431.00M | -233.00M | -129.00M | 20.00M | 62.00M | — | 33.00M | 18.45M | 42.10M | 11.30M | 17.20M | 9.50M | 14.50M | 65.70M |
| Accounts Receivable | -221.00M | -376.00M | -674.00M | -744.00M | 30.00M | -175.00M | 24.00M | 87.00M | 127.00M | 136.00M | 5.00M | -59.00M | 105.00M | 81.00M | -295.00M | -92.00M | 67.00M | -62.00M | -284.00M | 57.00M | -115.00M | -96.00M | 297.00M | -262.80M | -66.40M | 59.50M | -37.20M | -98.70M | -23.90M | 89.50M |
| Accounts Payable | -285.00M | 558.00M | 44.00M | 170.00M | 10.00M | -46.00M | 95.00M | 29.00M | -79.00M | -9.00M | -118.00M | 111.00M | -195.00M | -22.00M | -18.00M | -92.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -932.00M | -354.00M | 34.00M | -343.00M | 135.00M | 138.00M | 628.00M | 587.00M | 958.00M | 1.27B | 1.06B | 755.00M | 943.00M | 590.00M | 281.00M | -670.00M | -63.00M | 84.00M | -279.00M | -234.00M | 32.00M | 16.00M | 644.00M | -298.68M | -148.70M | 72.60M | 11.70M | 300,000 | 56.30M | -100.10M |
| Operating Cash Flow | 3.20B | 4.02B | 2.39B | 1.72B | 3.08B | 2.52B | 3.37B | 3.41B | 3.27B | 3.60B | 2.19B | 2.71B | 2.82B | 2.57B | 1.98B | 1.40B | 1.50B | 1.49B | 532.00M | 1.29B | 1.45B | 1.41B | 2.20B | 817.54M | 1.10B | 1.46B | 1.21B | 1.14B | 1.30B | 1.28B |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | -3.91B | -3.49B | -3.50B | -3.44B | -3.68B | -3.05B | -2.42B | -2.54B | -2.07B | -1.97B | -2.03B | -2.19B | -2.33B | -1.90B | -1.79B | -1.10B | -1.42B | -1.40B | -1.49B | -587.00M | -1.00B | 460.60M | -618.80M | -654.20M | -675.20M | -692.80M | -757.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | 3.93B | — | 812.00M | -27.00M | -215.00M | -1.76B | -90.00M | -1.47B | -299.00M | -293.00M | -175.00M | -309.00M | -20.00M | -12.00M | — | -32.00M | — | 39.00M | — | — | — | — | — | -98.09M | -509.10M | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | -20.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | 4.00M | — | — | 1.48B | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 3.49B | -397.00M | 469.00M | -4.22B | -3.78B | -5.47B | -3.71B | -4.95B | -3.66B | -2.76B | -2.66B | -2.52B | -2.17B | -2.19B | -2.36B | -1.07B | -2.09B | -1.92B | -1.27B | -1.53B | -1.55B | -1.63B | -941.00M | -1.22B | -184.60M | -668.90M | -685.80M | -742.00M | -721.00M | -811.20M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 2.05B | 800.00M | 2.80B | 2.93B | 3.02B | 3.03B | 1.70B | 2.59B | 1.15B | 1.85B | 919.00M | 400.00M | — | 1.10B | 1.47B | 1.85B | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -710.00M | -406.00M | -1.96B | -518.00M | -1.20B | -1.94B | -434.00M | -735.00M | -500.00M | -480.00M | -709.00M | -305.00M | -4.00M | -1.01B | -1.03B | -964.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -36.00M | -50.00M | 194.00M | -63.00M | -44.00M | -59.00M | -20.00M | -25.00M | -15.00M | -17.00M | -6.00M | -4.00M | — | -11.00M | -10.00M | -13.00M | -5.00M | -14.00M | -13.00M | -14.00M | -22.00M | -17.00M | -352.00M | -5.47M | -16.50M | -8.90M | -9.00M | -18.40M | -5.30M | -6.10M |
| Financing Cash Flow | -1.54B | 957.00M | 401.00M | 2.19B | 805.00M | 2.89B | 306.00M | 1.29B | 628.00M | -37.00M | 395.00M | -321.00M | -590.00M | -261.00M | -283.00M | -182.00M | 98.00M | -37.00M | -453.00M | 74.00M | -38.00M | -472.00M | -795.00M | -550.10M | -1.61B | -1.39B | -502.70M | -846.90M | -520.10M | -496.50M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 1.20B | 1.53B | 1.15B | 1.44B | 1.22B | 1.01B | 844.00M | 826.00M | 948.00M | 699.00M | 674.00M | 394.00M | 648.00M | 338.00M | 260.00M | 74.00M | 210.00M | 94.00M | 81.00M | 26.00M | 49.00M | 132.00M | 359.00M | 94.83M | 485.10M | 102.30M | 183.50M | 106.90M | 342.30M | 245.20M |
| Income Tax Paid | 397.00M | 47.00M | 9.00M | 38.00M | — | — | — | — | — | 633.00M | 69.00M | 46.00M | 236.00M | — | 5.00M | 394.00M | 234.00M | 67.00M | 283.00M | 103.00M | 90.00M | 226.00M | 271.00M | 136.57M | 846.60M | 355.70M | 335.60M | 346.80M | 344.80M | 385.40M |
| Interest Paid | 987.00M | 900.00M | 924.00M | 920.00M | 876.00M | 805.00M | 725.00M | 664.00M | 597.00M | 561.00M | 574.00M | 571.00M | 563.00M | 583.00M | — | 557.00M | 463.00M | 451.00M | 429.00M | 420.00M | 387.00M | 359.00M | 88.00M | 351.17M | 321.80M | 286.00M | 310.30M | 309.30M | 310.00M | 269.80M |
| Free Cash Flow | -2.34B | -233.00M | -1.22B | -1.71B | -352.00M | -802.00M | -76.00M | -221.00M | 223.00M | 412.00M | 14.00M | 530.00M | 1.17B | 367.00M | 273.00M | -1.69B | -379.00M | -499.00M | -846.00M | -107.00M | -77.00M | 36.00M | 330.00M | 14.83M | 527.20M | 771.00M | 565.90M | 432.10M | 583.70M | 492.40M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 10,947,113 | 1.04B | 3.16% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 9,057,723 | 859.67M | 2.61% |
| Vanguard Mid-Cap Index Fund | Sep 30, 2024 | 7,329,571 | 695.65M | 2.12% |
| Select Sector SPDR Fund-Utilities | Nov 30, 2024 | 5,001,316 | 474.67M | 1.44% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 4,275,641 | 405.80M | 1.23% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 4,273,417 | 405.59M | 1.23% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 3,908,799 | 370.98M | 1.13% |
| SPDR (R) Ser Tr- SPDR (R) S&P (R) Dividend ETF | Nov 30, 2024 | 3,136,652 | 297.70M | 0.91% |
| Vanguard Index-Value Index Fund | Sep 30, 2024 | 2,933,852 | 278.45M | 0.85% |
| iShares MSCI USA Min Vol Factor ETF | Nov 30, 2024 | 2,735,080 | 259.59M | 0.79% |
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