Consolidated Edison's 0.50% Plunge on 335th-Ranked Volume Amid Revenue Surge and Cost Spikes

On August 8, 2025, Consolidated Edison (ED) closed with a 0.50% decline, trading on a volume of $0.29 billion, ranking 335th in the market. The stock’s performance followed mixed earnings and operational data from its latest quarter.

The utility reported second-quarter adjusted earnings of 67 cents per share, surpassing estimates and rising 13.6% year-over-year. GAAP earnings hit 68 cents per share, up from 58 cents in the prior-year period. The gains were driven by a 6.2% beat in total operating revenues to $3.6 billion, fueled by 22.2% growth in gas revenues and 20.5% expansion in steam sales. Electric revenue also rose 8.9% to $2.78 billion, while non-utility revenue appeared for the first time at $1 million.

Operating expenses surged 11.7% to $3.24 billion, with fuel costs up 80% and gas resale costs rising 151.5%. Despite this, operating income climbed 10.9% to $355 million. The company maintained its 2025 adjusted EPS guidance of $5.50–$5.70, aligning with the $5.63 Zacks consensus. Cash reserves stood at $1.51 billion as of June 30, while long-term debt remained stable at $24.66 billion.

A strategy of purchasing the top 500 stocks by daily trading volume and holding for one day generated a 166.71% return from 2022 to present, outperforming the benchmark by 137.53%. This highlights liquidity concentration’s role in short-term performance, particularly in volatile markets, as high-volume stocks like ED exhibit amplified price movements during periods of elevated trading activity.