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Sep 30, 2021

Exelon Q3 2021 Earnings Report

Reported mixed third quarter 2021 results with GAAP Net Income of $1.23 per share and Adjusted (non-GAAP) Operating Earnings of $1.09 per share.

Key Takeaways

Exelon Corporation reported mixed results for the third quarter of 2021. GAAP Net Income increased to $1.23 per share, while Adjusted (non-GAAP) Operating Earnings increased to $1.09 per share. The company narrowed its guidance range for full year 2021 Adjusted (non-GAAP) Operating Earnings from $2.60-$3.00 per share to $2.70-$2.90 per share.

GAAP Net Income of $1.23 per share and Adjusted (non-GAAP) Operating Earnings of $1.09 per share for the third quarter of 2021

Narrowing guidance range for full year 2021 Adjusted (non-GAAP) Operating Earnings from $2.60-$3.00 per share to $2.70-$2.90 per share

Generation’s nuclear fleet capacity factor was 96.0% (owned and operated units)

Federal Energy Regulatory Commission (FERC) approved the planned separation of Generation in August

Total Revenue
$8.91B
Previous year: $8.85B
+0.6%
EPS
$1.09
Previous year: $1.04
+4.8%
Gross Profit
$3.89B
Previous year: $2.51B
+55.0%
Cash and Equivalents
$2.96B
Previous year: $1.86B
+59.1%
Free Cash Flow
$1.07B
Previous year: -$291M
-468.7%
Total Assets
$133B
Previous year: $128B
+3.8%

Exelon

Exelon

Exelon Revenue by Segment

Forward Guidance

Based on our results to date, we are narrowing our 2021 earnings per share guidance range to $2.70 to $2.90 per share from $2.60 to $3.00 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income