Consolidated Edison (ED) Revenue — Quarter Ended Jun 30, 2024
Consolidated Edison's revenue for the current quarter declined from the prior quarter but rose compared with the same period a year ago. The sequential decrease follows a gain in the immediately preceding quarter, while the year-over-year increase marks a reversal from the prior year's trend.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Consolidated Edison's revenue for the current quarter declined from the prior quarter but rose compared with the same period a year ago. The sequential decrease follows a gain in the immediately preceding quarter, while the year-over-year increase marks a reversal from the prior year's trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
-22.9%
Change from the immediately preceding quarter.
Year-over-year
+19.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $3.9B | -7.4% |
| Dec 31, 2023 | $3.6B | -8.2% |
| Mar 31, 2024 | $4.3B | +1.4% |
| Jun 30, 2024 | $3.3B | +19.0% |
Revenue performance
The reported revenue direction was lower than the immediately preceding quarter, yet higher than the same quarter one year earlier.
Quarterly comparison
Compared with the prior quarter, revenue decreased. Compared with the same quarter a year ago, revenue increased.
What to watch
The filing notes regulatory changes affecting billing timelines and potential limitations on recovering revenue from untimely billing.