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

Previous year: $2.91B