Con Edison Files Q1 2025 10-Q with Tax Disclosure Updates
Ticker: ED · Form: 10-Q · Filed: May 1, 2025 · CIK: 1047862
| Field | Detail |
|---|---|
| Company | Consolidated Edison Inc (ED) |
| Form Type | 10-Q |
| Filed Date | May 1, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, accounting-standards, tax
Related Tickers: ED
TL;DR
Con Ed's Q1 2025 10-Q is in, with new tax disclosure rules coming.
AI Summary
Consolidated Edison Inc. filed its 10-Q for the period ending March 31, 2025. The filing includes updates on financial performance and new accounting standards, specifically amendments to Income Taxes (Topic 740) issued in December 2023 (ASU 2023-09) which enhance disclosures on rate reconciliation, taxes paid, and disaggregated income/expense.
Why It Matters
This filing provides investors with the latest financial snapshot of Consolidated Edison and highlights upcoming changes in tax accounting disclosures that could affect how financial performance is reported.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.
Key Players & Entities
- CONSOLIDATED EDISON INC (company) — Filer
- CONSOLIDATED EDISON CO OF NEW YORK INC (company) — Filer
- ASU 2023-09 (document) — Accounting Standard Update
- Topic 740 (guidance) — Accounting for Income Taxes
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20250331, indicating the first quarter of 2025.
What new accounting standard is mentioned in the filing?
The filing mentions amendments to the guidance on accounting for Income Taxes (Topic 740) through ASU 2023-09, issued in December 2023.
What are the key areas of focus for the new income tax disclosure amendments?
The amendments focus on rate reconciliation, income taxes paid, and income (or loss)/income tax expense (or benefit) from disaggregated components.
What is the SEC Act and File Number associated with Consolidated Edison Inc.'s filing?
The SEC Act is 1934 Act and the SEC File Number is 001-14514.
What is Consolidated Edison Inc.'s fiscal year end?
Consolidated Edison Inc.'s fiscal year ends on 1231.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 1, 2025 regarding CONSOLIDATED EDISON INC (ED).