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Consolidated Edison Inc   (ED)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

ED's Operating Income Growth by Quarter and Year

Consolidated Edison Inc 's Operating Income results by quarter and year




ED Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 549.00 698.00 507.00
III Quarter September 722.00 889.00 850.00 860.00
II Quarter June 284.00 387.00 418.00 479.00
I Quarter March 1,739.00 799.00 860.00 808.00
FY   2,745.00 2,624.00 2,826.00 2,654.00



ED Operating Income third quarter 2023 Y/Y Growth Comment
Consolidated Edison Inc reported decline in Operating Income in the third quarter 2023 by -18.79% to $ 722.00 millions, from the same quarter in 2022.
The contraction in the third quarter 2023 Consolidated Edison Inc 's Operating Income compares unfavorably to the Company's average Operating Income growth of 8.66%.

Looking into third quarter 2023 results within Electric Utilities industry 35 other companies have achieved higher Operating Income growth. While Consolidated Edison Inc ' s Operating Income fall of -18.79% ranks overall at the positon no. 1100 in the third quarter 2023.

Explain Operating Income growth


ED Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -21.35 % 37.67 % -10.27 %
III Quarter September -18.79 % 4.59 % -1.16 % -0.81 %
II Quarter June -26.61 % -7.42 % -12.73 % 4.59 %
I Quarter March 117.65 % -7.09 % 6.44 % 2.8 %
FY   - -7.15 % 6.48 % -0.82 %

Financial Statements
Consolidated Edison Inc 's third quarter 2023 Operating Income $ 722.00 millions ED's Income Statement
Consolidated Edison Inc 's third quarter 2022 Operating Income $ 889.00 millions Quarterly ED's Income Statement
New: More ED's historic Operating Income Growth >>


ED Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -38.25 % -17.88 % -41.05 %
III Quarter September 154.23 % 129.72 % 103.35 % 79.54 %
II Quarter June -83.67 % -51.56 % -51.4 % -40.72 %
I Quarter March 216.76 % 14.47 % 69.63 % 43.01 %
FY (Year on Year)   - -7.15 % 6.48 % -0.82 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #36
Utilities Sector #62
Overall #1100

Operating Income Y/Y Growth Statistics
High Average Low
117.65 % 8.66 % -47.59 %
(Mar 31 2023)   IV. Quarter
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #36
Utilities Sector #62
Overall #1100
Operating Income Y/Y Growth Statistics
High Average Low
117.65 % 8.66 % -47.59 %
(Mar 31 2023)   IV. Quarter

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Consolidated Edison Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
216.76 % 17.1 % -83.67 %
(Mar 31 2023)  


ED's III. Quarter Q/Q Operating Income Comment
Consolidated Edison Inc achieved in the III. Quarter 2023 above company average sequential Operating Income doubling of 154.23%, to $ 722.00 millions, from $284.00 millions in the second quarter.
Consolidated Edison Inc is going from strength to strength, not only claiming above normal gain, and also accelerating rate.

Within Electric Utilities industry only one company achieved higher sequential Operating Income growth. While Consolidated Edison Inc 's Operating Income growth quarter on quarter, overall rank is 52.


Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #2
Utilities Sector #3
Overall #52
Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #2
Utilities Sector #3
Overall #52
Operating Income Q/Q Growth Statistics
High Average Low
216.76 % 17.1 % -83.67 %
(Mar 31 2023)  


ED's III. Quarter Q/Q Operating Income Comment
Consolidated Edison Inc achieved in the III. Quarter 2023 above company average sequential Operating Income doubling of 154.23%, to $ 722.00 millions, from $284.00 millions in the second quarter.
Electric Utilities company is impressively improving, with recording better then regular gain, but also improving rate.

Within Electric Utilities industry only one company achieved higher sequential Operating Income growth. While Consolidated Edison Inc 's Operating Income growth quarter on quarter, overall rank is 52.


Consolidated Edison Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 3,294.00 $ 3,461.00 $ 3,564.00 $ 2,624.00 $ 2,773.00
Y / Y Operating Income Growth (TTM) 18.79 % 26.59 % 28.9 % -7.15 % 5.24 %
Year on Year Operating Income Growth Overall Ranking # 540 # 828 # 1069 # 884 # 1039
Seqeuential Operating Income Change (TTM) -4.83 % -2.89 % 35.82 % -5.37 % 1.43 %
Seq. Operating Income Growth (TTM) Overall Ranking # 632 # 902 # 1295 # 871 # 1155




Cumulative Operating Income growth Comment
Assuming the Consolidated Edison Inc 's fiscal year would have ended in Sep 30 2023, Consolidated Edison Inc would have reprted above average annual Operating Income increase of 18.79% year on year, of $ 3,294 millions.
This marks a slow-down of the companys growth trends and from the 26.59% improvement in Jun 30 2023.

Within the Utilities sector 34 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 540, from total ranking in previous quarter at 828.

Operating Income TTM Q/Q Growth Statistics
High Average Low
49.59 %
7.74 %
-21.21 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 23
Utilities Sector # 35
Overall # 540

Operating Income TTM Y/Y Growth Statistics
High Average Low
49.59 %
7.74 %
-21.21 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 23
Sector # 45
S&P 500 # 632
Cumulative Operating Income growth Comment
Assuming the Consolidated Edison Inc 's fiscal year would have ended in Sep 30 2023, Consolidated Edison Inc would have reprted above average annual Operating Income increase of 18.79% year on year, of $ 3,294 millions.
This marks a slow-down of the companys growth trends and from the 26.59% improvement in Jun 30 2023.

Within the Utilities sector 34 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 540, from total ranking in previous quarter at 828.

Operating Income TTM Q/Q Growth Statistics
High Average Low
49.59 %
7.74 %
-21.21 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 23
Utilities Sector # 35
Overall # 540

Operating Income TTM Y/Y Growth Statistics
High Average Low
49.59 %
7.74 %
-21.21 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 23
Sector # 45
S&P 500 # 632




Other Operating Income Growth
Electric Utilities Industry Operating Income Growth Trends and Statistics
Utilities Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
ED's Operating Income Growth Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for ED's Competitors
Operating Income Growth for Consolidated Edison Inc 's Suppliers
Operating Income Growth for ED's Customers

You may also want to know
ED's Annual Growth Rates ED's Profitability Ratios ED's Asset Turnover Ratio ED's Dividend Growth
ED's Roe ED's Valuation Ratios ED's Financial Strength Ratios ED's Dividend Payout Ratio
ED's Roa ED's Inventory Turnover Ratio ED's Growth Rates ED's Dividend Comparisons



Companies with similar Operating Income improvement for the quarter ending Sep 30 2023 within Utilities SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
Xcel Energy Inc -0.97%$ -0.974 millions
Dte Energy Co-1.28%$ -1.284 millions
Nextera Energy Inc -1.40%$ -1.396 millions
Idacorp Inc -1.51%$ -1.510 millions
Ormat Technologies Inc -3.41%$ -3.409 millions
Dominion Energy Inc -3.45%$ -3.451 millions
Eversource Energy-4.80%$ -4.798 millions
Vistra Corp -6.71%$ -6.711 millions
Portland General Electric Company-7.61%$ -7.609 millions
Equitrans Midstream Corporation-13.48%$ -13.481 millions
Evergy Inc -15.99%$ -15.992 millions
Consolidated Edison Inc -18.79%$ -18.785 millions
Hf Sinclair Corporation-19.30%$ -19.305 millions
New Fortress Energy Inc -19.89%$ -19.890 millions
New Jersey Resources Corporation-20.53%$ -20.534 millions
Avangrid Inc -20.54%$ -20.536 millions
Genie Energy Ltd -24.01%$ -24.012 millions
Tennessee Valley Authority-25.81%$ -25.806 millions
Hawaiian Electric Industries inc -26.44%$ -26.445 millions
Enlink Midstream Llc-27.80%$ -27.797 millions
California Water Service Group-33.06%$ -33.061 millions
Atmos Energy Corp-37.84%$ -37.843 millions
Pg and e Corp-44.77%$ -44.766 millions
Mplx Lp-62.13%$ -62.127 millions
Plains All American Pipeline Lp-62.62%$ -62.620 millions
Plains Gp Holdings Lp-62.82%$ -62.821 millions
Berkshire Hathaway Energy Company-82.78%$ -82.776 millions




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