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CONSOLIDATED EDISON INC [ED] reports $588 million quarterly net profit

CONSOLIDATED EDISON INC [ED] reports $588 million quarterly net profit

Company generates $4.1 billion in revenue

By USinMinutes
Published - Nov 07, 2024, 08:53 PM ET
Last Updated - Nov 17, 2024, 11:25 PM EST

CONSOLIDATED EDISON INC CONSOLIDATED EDISON INC [ED] has reported $588 million quarterly profit, an increase of $386 million from the previous quarter, the company said in a filing to the SEC for the Q3 ended Sep 30, 2024.

Consolidated Edison reported the quarterly diluted earnings per share (EPS) rose by 191.38 percent to $1.7 from $0.6 in the previous quarter.

Dollars in millions
Sep 30, 2024    Jun 30, 2024    Mar 31, 2024    Dec 31, 2023   

Income Statement

Revenue $4,092.0  $3,220.0  $4,280.0  $14,663.0 
Operating Profit $862.0  $320.0  $1,011.0  $3,196.0 
Net Income $588.0  $202.0  $720.0  $2,516.0 
Net Cash -$1,093.0  $312.0  -$1,020.0  -$335.0 
Gross Margin $4,092.0  $3,220.0  $4,280.0   
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues695.92 1594.06 594.44   
Profit as % of Assets1.62 0.57 2.03 3.72 
Profit as % of Stockholder Equity  0.94 3.33 11.89 
Return on Equity  0.94 3.33 11.89 
Return on Assets0.86 0.30 1.08 3.79 
Turnover Ratio11.25 9.05 12.06 0.22 
EBITA$1,412.0 $832.0 $1,550.0 $0.0 

Balance Sheet

Total Assets $68,645.0  $67,920.0  $66,680.0  $66,331.0 
Total Liabilities $46,747.0  $46,360.0  $45,065.0  $45,173.0 

Cash Flow Statement

Operating Cash Flow $2,304.0  $1,912.0  $573.0  $2,156.0 
Investing Cash Flow -$3,889.0  -$2,622.0  -$1,344.0  -$1,003.0 
Financing Cash Flow $492.0  $1,022.0  -$249.0  -$1,488.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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