![CONSOLIDATED EDISON INC [ED] reports annual net loss of $2.5 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FED.png&w=3840&q=75)
CONSOLIDATED EDISON INC [ED] reports annual net loss of $2.5 billion
Company Reports Revenue of $14.7 billion
CONSOLIDATED EDISON INC [ED] has reported a net loss of $2.5 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $14.7 billion
Based in NEW YORK, New York, CONSOLIDATED EDISON INC operates in the TRANSPORT sector.
The financial performance of the company for the 12 months ended December 31, 2023, showed a decrease in total operating revenues compared to the previous fiscal year. The total operating revenues for the current period were $14.663 million, a decline from $15.670 million in the same period in 2022 and $13.676 million in 2021.
Operating expenses also decreased in the current period, with a total of $12.332 million compared to $13.046 million in 2022 and $10.850 million in 2021. However, there was a significant gain on the sale of the Clean Energy Businesses, contributing $865 million to the operating income for the year. The operating income for the period was $3.196 million, an improvement from $2.624 million in 2022 but a decrease from $2.826 million in 2021.
