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Mar 31, 2021

Exelon Q1 2021 Earnings Report

Exelon's Q1 2021 financial results were reported, revealing a net loss but strong utility performance.

Key Takeaways

Exelon Corporation reported a GAAP Net Loss of $(0.30) per share and an adjusted (non-GAAP) operating loss of $(0.06) per share for Q1 2021. The utility businesses demonstrated strong financial and operational performance, while the generation business was impacted by the Texas storms. The company is affirming its full-year adjusted (non-GAAP) operating earnings guidance of $2.60-$3.00 per share.

GAAP Net Loss of $(0.30) per share and Adjusted (non-GAAP) Operating Loss of $(0.06) per share for the first quarter of 2021

Affirming range for full year 2021 adjusted (non-GAAP) operating earnings guidance of $2.60-$3.00 per share

Strong utility reliability performance, with top decile gas odor response and top quartile outage frequency and duration

Generation’s nuclear fleet capacity factor was 95.3% (owned and operated units)

Total Revenue
$9.89B
Previous year: $8.75B
+13.1%
EPS
-$0.06
Previous year: $0.87
-106.9%
Gross Profit
$1.94B
Previous year: $2.68B
-27.4%
Cash and Equivalents
$1.91B
Previous year: $1.46B
+31.0%
Free Cash Flow
-$3.4B
Previous year: -$936M
+263.4%
Total Assets
$130B
Previous year: $125B
+4.3%

Exelon

Exelon

Exelon Revenue by Segment

Forward Guidance

Exelon is affirming its full-year adjusted (non-GAAP) operating earnings guidance of $2.60-$3.00 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income