Utilities
Price
$113.99
+2.74%Market Cap
$42.01B
Day High
$114.09
Day Low
$111.40
Consolidated Edison (ED) delivered solid Q1 FY2026 results with revenue rising 6.2% YoY to $5.10B and net income surging 16.8% to $924M, though operating cash flow declined sharply by 79.2% to $174M.
Key risk: Sharp Decline in Operating Cash Flow
Operating cash flow dropped 79.2% YoY to $174M in Q1 FY2026, a dramatic decline relative to net income of $924M. This divergence raises questions about working capital management, timing of regulatory asset recovery, or deferred costs that could pressure near-term liquidity.
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