Consolidated Edison
-2.63 %
17.61 %
Yet to be announced
Company Overview
Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers. The company also supplies electricity to approximately 0.3 million people in southeastern New York and northern New Jersey. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations.
Revenue Sources
PassBased on the analysis of Con Edison's revenue streams, the company's primary source of income comes from regulated utility services, specifically the distribution of electricity, natural gas, and steam. These core business activities are halal as they provide essential services and involve the exchange of real assets and services.
The company does not derive any significant revenue from prohibited activities such as alcohol, tobacco, gambling, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $4.8b | $3.99b | - | $313.0m | 0.00% | 7.85% |
| Dec. 31, 2024 | $3.66b | $3.49b | - | $304.0m | 0.00% | 8.71% |
| Sept. 30, 2024 | $4.09b | $3.54b | - | $306.0m | 0.00% | 8.65% |
| June 30, 2024 | $3.22b | $3.19b | - | $288.0m | 0.00% | 9.03% |
Analyzing the last four quarters, interest expense relative to total expenses has been consistently high, ranging between 8-9% of total expenses. This level of interest expense is material to the company's operations and exceeds our comfort threshold.
The high interest expense ratio reflects the capital-intensive nature of the utility industry and the company's reliance on debt financing for its operations and infrastructure investments.
Operational Ethics
PassAfter reviewing Con Edison's operations and partnerships, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, particularly in New York State.
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