ED Q2 2023 Earnings — Consolidated Edison, Inc. Revenue & Financial Results | Market Cap Arena

EDConsolidated Edison, Inc.

$41B

Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$2.9B-13.9% YoY

Gross Profit

$1.8B62.4% margin

Operating Income

$271M9.2% margin

Net Income

$226M7.7% margin

EPS (Diluted)

$0.65

QoQ Revenue Growth

-32.8%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$25M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$63.8B

Total Liabilities

$43.0B

Stockholders' Equity

$20.8B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$3.4B	-13.9%
Gross Profit	$1.8B	$2.0B	-7.8%
Operating Income	$271M	$392M	-30.9%
Net Income	$226M	$255M	-11.4%

Revenue Segments

Electricity

$2.3B78%

Oil and Gas, Purchased

$571M19%

Steam

$69M2%