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Sep 30, 2020

Exelon Q3 2020 Earnings Report

Exelon's financial results exceeded expectations, driven by strong utility and generation operational performance and effective cost management.

Key Takeaways

Exelon Corporation reported GAAP Net Income of $0.51 per share and Adjusted (non-GAAP) Operating Earnings of $1.04 per share for Q3 2020, exceeding expectations. The company is raising its full year 2020 Adjusted (non-GAAP) Operating Earnings guidance from $2.80 - $3.10 per share to $3.00 - $3.20 per share.

GAAP Net Income of $0.51 per share and Adjusted (non-GAAP) Operating Earnings of $1.04 per share for the third quarter of 2020

Raising our guidance range for full year 2020 Adjusted (non-GAAP) Operating Earnings from $2.80 - $3.10 per share to $3.00 - $3.20 per share

Strong utility reliability and customer operations performance - every utility achieved top quartile in outage frequency & duration, customer satisfaction, abandon rate, and gas odor response

Generation’s nuclear fleet ran with a capacity factor of 96.0%

Total Revenue
$8.85B
Previous year: $8.93B
-0.9%
EPS
$1.04
Previous year: $0.92
+13.0%
Gross Profit
$2.51B
Previous year: $2.91B
-13.7%
Cash and Equivalents
$1.86B
Previous year: $1.68B
+10.4%
Free Cash Flow
-$291M
Previous year: $814M
-135.7%
Total Assets
$128B
Previous year: $123B
+4.1%

Exelon

Exelon

Exelon Revenue by Segment

Forward Guidance

Exelon is raising its year-end earnings guidance to $3.00 to $3.20 per share from $2.80 to $3.10 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income