Consolidated Edison (ED) 10-K Summary — Year Ended Dec 31, 2024
Consolidated Edison, Inc. is a utility holding company that reported an increase in revenue for the latest annual period. The company maintains its focus on regulated operations while managing the planned sale of its clean energy businesses.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Consolidated Edison, Inc. is a utility holding company that reported an increase in revenue for the latest annual period. The company maintains its focus on regulated operations while managing the planned sale of its clean energy businesses.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$15.5B
Revenue reported for the fiscal year.
Operating income
$2.7B
Income from operations reported for the year.
Net income
$1.8B
Net income reported for the year.
Operating cash flow
$3.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $13.5B | n/a |
| Dec 31, 2022 | $15.5B | +14.9% |
| Dec 31, 2023 | $14.5B | -6.3% |
| Dec 31, 2024 | $15.5B | +6.9% |
Business overview
The company operates through regulated electric, gas, and steam utility segments, as well as clean energy businesses that are classified as held for sale. Its operations are subject to regulatory oversight and involve long-term purchase agreements for electricity and gas. The filing also references environmental matters and material contingencies related to its operations.
Financial performance
Revenue increased compared to the prior year, while operating income, net income, and cash flow from operations were reported. The company's financial metrics reflect the results of its regulated utilities and the clean energy businesses held for sale. No further details on profitability or cash flow trends are provided in the supplied context.
Material risks
The company faces risks from regulatory proceedings, unresolved staff comments, and cybersecurity threats. Environmental liabilities and legal proceedings, including those related to material contingencies, are noted as potential exposures. The filing also indicates that the clean energy businesses held for sale may involve execution risks.
Liquidity and capital
Liquidity is supported by operating cash flows and short-term borrowing arrangements. Capital allocation is directed toward regulated utility investments and the planned disposition of the clean energy businesses, which are classified as held for sale.
What to watch
Monitor the completion of the sale of the clean energy businesses, as this transaction may significantly affect the company's future business mix and capital structure.