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Mar 31, 2023

Exelon Q1 2023 Earnings Report

Exelon's Q1 2023 financial performance was marked by strong earnings and reliability achievements.

Key Takeaways

Exelon Corporation reported GAAP Net Income of $0.67 per share and Adjusted (non-GAAP) Operating Earnings of $0.70 per share for the first quarter of 2023. The company reaffirmed its full-year 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share.

GAAP Net Income of $0.67 per share and Adjusted (non-GAAP) Operating Earnings of $0.70 per share for Q1 2023.

Affirmed full year 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share.

Reaffirmed fully regulated operating EPS compounded annual growth target of 6-8% from 2021 and 2022 guidance midpoints through 2025 and 2026.

All four utilities achieved top quartile reliability performance, delivering their best-on-record performance in outage duration.

Total Revenue
$5.56B
Previous year: $5.33B
+4.4%
EPS
$0.7
Previous year: $0.64
+9.4%
Gross Profit
$2.32B
Cash and Equivalents
$522M
Free Cash Flow
-$1.4B
Total Assets
$96.9B

Exelon

Exelon

Exelon Revenue by Segment

Forward Guidance

Exelon reaffirms its full-year Adjusted (non-GAAP) Operating Earnings guidance range of $2.30 to $2.42 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income