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Jun 30, 2023

Exelon Q2 2023 Earnings Report

Exelon reported solid financial results driven by strong utility performance and strategic investments.

Key Takeaways

Exelon Corporation reported GAAP Net Income of $0.34 per share and Adjusted (non-GAAP) Operating Earnings of $0.41 per share for the second quarter of 2023. The company is reaffirming its full year 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share.

GAAP Net Income of $0.34 per share and Adjusted (non-GAAP) Operating Earnings of $0.41 per share for the second quarter of 2023

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

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

Strong utility reliability performance with ComEd, PECO, and PHI delivering best-on-record performance for the second straight quarter

Total Revenue
$4.82B
Previous year: $4.24B
+13.7%
EPS
$0.41
Previous year: $0.44
-6.8%
Gross Profit
$1.89B
Cash and Equivalents
$399M
Free Cash Flow
-$527M
Total Assets
$98.1B

Exelon

Exelon

Exelon Revenue by Segment

Forward Guidance

Exelon reaffirmed 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