Con Ed (ED) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Consolidated Edison (ED) reported $4.53 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 10.7%. EPS of $1.90 for the same period compares to $1.68 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $4.16 billion, representing a surprise of +8.82%. The company delivered an EPS surprise of +7.95%, with the consensus EPS estimate being $1.76.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Con Ed performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Operating revenues- O&R: $349 million compared to the $332.21 million average estimate based on three analysts. The reported number represents a change of +6.1% year over year.
• Operating revenues- CECONY: $4.18 billion versus the three-analyst average estimate of $3.85 billion. The reported number represents a year-over-year change of +11.1%.
• Operating revenues- Steam: $56 million compared to the $54.1 million average estimate based on two analysts. The reported number represents a change of +14.3% year over year.
• Operating revenues- Con Edison Transmission: $1 million compared to the $1.02 million average estimate based on two analysts.
• Operating revenues- CECONY- Gas: $392 million compared to the $346.7 million average estimate based on two analysts. The reported number represents a change of +16.3% year over year.
• Operating revenues- CECONY- Steam: $56 million compared to the $54.1 million average estimate based on two analysts. The reported number represents a change of +14.3% year over year.
• Operating revenues- O&R- Electric: $308 million versus the two-analyst average estimate of $288.21 million. The reported number represents a year-over-year change of +5.1%.
• Operating revenues- O&R- Gas: $41 million compared to the $42.12 million average estimate based on two analysts. The reported number represents a change of +13.9% year over year.
• Operating revenues- Gas: $433 million versus $388.81 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.1% change.
• Operating revenues- Electric: $4.04 billion compared to the $3.7 billion average estimate based on two analysts. The reported number represents a change of +10.1% year over year.
• Operating revenues- CECONY- Electric: $3.73 billion versus $3.42 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.6% change.
• Operating Income- CECONY: $914 million versus the three-analyst average estimate of $901.84 million.

View all Key Company Metrics for Con Ed here>>>

Shares of Con Ed have returned -4.7% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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