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Mar 31, 2022

Exelon Q1 2022 Earnings Report

Exelon's first quarter results were reported, highlighted by the completion of the Constellation Energy Corporation separation and reaffirmation of full-year adjusted operating earnings guidance.

Key Takeaways

Exelon reported GAAP Net Income from Continuing Operations of $0.49 per share and Adjusted (non-GAAP) Operating Earnings of $0.64 per share for Q1 2022. The company reaffirmed its full year 2022 Adjusted (non-GAAP) Operating Earnings guidance of $2.18-$2.32 per share.

Exelon completed the separation of Constellation Energy Corporation, becoming a transmission and distribution utility company.

GAAP Net Income from Continuing Operations was $0.49 per share, and Adjusted (non-GAAP) Operating Earnings were $0.64 per share.

Full year 2022 Adjusted (non-GAAP) Operating Earnings guidance reaffirmed at $2.18-$2.32 per share.

ComEd delivered the most reliable service for customers in the first three months of the year on record.

Total Revenue
$5.33B
Previous year: $9.89B
-46.1%
EPS
$0.64
Previous year: -$0.06
-1166.7%

Exelon

Exelon

Exelon Revenue by Segment

Forward Guidance

Exelon has reaffirmed its full-year Adjusted (non-GAAP) Operating Earnings guidance range of $2.18 to $2.32 per share.