CONSOLIDATED EDISON INC

For the period ended Mar 31, 2025. Filed May 1, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 1, 2025

ED$118.39-0.1%Stored close · as of Nov 9, 2026

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Consolidated Income Statement

CONSOLIDATED INCOME STATEMENT (UNAUDITED)

	For the Three Months Ended March 31,
(Millions of Dollars/Except Share Data)	2025	2024
OPERATING REVENUES
Electric	$2,901	$2,636
Gas	1,543	1,356
Steam	354	287
Non-utility	—	1
TOTAL OPERATING REVENUES	4,798	4,280
OPERATING EXPENSES
Purchased power	721	649
Fuel	127	88
Gas purchased for resale	362	267
Other operations and maintenance	952	888
Depreciation and amortization	564	539
Taxes, other than income taxes	947	808
TOTAL OPERATING EXPENSES	3,673	3,239
Loss on sale of the Clean Energy Businesses	—	(30)
OPERATING INCOME	1,125	1,011
OTHER INCOME (DEDUCTIONS)
Investment income	16	19
Other income	201	164
Allowance for equity funds used during construction	18	10
Other deductions	(14)	(11)
TOTAL OTHER INCOME	221	182
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE	1,346	1,193
INTEREST EXPENSE (INCOME)
Interest on long-term debt	292	255
Other interest expense	39	48
Allowance for borrowed funds used during construction	(18)	(14)
NET INTEREST EXPENSE	313	289
INCOME BEFORE INCOME TAX EXPENSE	1,033	904
INCOME TAX EXPENSE	242	184
NET INCOME FOR COMMON STOCK	$791	$720
Net income per common share - basic	$2.26	$2.08
Net income per common share - diluted	$2.25	$2.08
AVERAGE NUMBER OF SHARES OUTSTANDING—BASIC (IN MILLIONS)	350.1	345.5
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (IN MILLIONS)	351.3	346.8

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