Exelon Q3 2022 Earnings Report
Key Takeaways
Exelon Corporation reported strong third-quarter results with GAAP Net Income of $0.68 per share and Adjusted (non-GAAP) Operating Earnings of $0.75 per share. The company narrowed its full-year 2022 Adjusted (non-GAAP) Operating Earnings guidance range to $2.21-$2.29 per share. Strong utility reliability performance was achieved, and regulatory milestones were reached.
GAAP Net Income of $0.68 per share and Adjusted (non-GAAP) Operating Earnings of $0.75 per share for the third quarter of 2022
Narrowing guidance range for full year 2022 Adjusted (non-GAAP) Operating Earnings from $2.18-$2.32 per share to $2.21-$2.29 per share
Strong utility reliability performance – every utility achieved top quartile in outage duration with ComEd continuing to deliver best-on-record CAIDI performance for the third straight quarter
Settlements were approved by the Delaware Public Service Commission (DEPSC) and the Pennsylvania Public Utility Commission (PAPUC) in Delmarva Power’s and PECO's gas distribution rate cases in October
Exelon
Exelon
Exelon Revenue by Segment
Forward Guidance
Exelon has narrowed its 2022 EPS guidance range to $2.21 to $2.29 per share, and reaffirmed its 6-8% earnings per share growth from 2021-2025.