Exelon Q3 2023 Earnings Report

Exelon's financial performance remained in line with expectations, marked by strong utility reliability and key milestones in rate reviews.

Key Takeaways

Exelon Corporation reported a GAAP Net Income of $0.70 per share and Adjusted (non-GAAP) Operating Earnings of $0.67 per share for the third quarter of 2023. The company narrowed its full year 2023 Adjusted (non-GAAP) Operating Earnings guidance from $2.30-$2.42 per share to $2.32-$2.40 per share and reaffirmed its fully regulated operating EPS compounded annual growth target of 6-8% from 2021 and 2022 guidance midpoints through 2025 and 2026.

Exelon reported GAAP Net Income of $0.70 per share and Adjusted (non-GAAP) Operating Earnings of $0.67 per share for Q3 2023.

The company narrowed its full year 2023 Adjusted (non-GAAP) Operating Earnings guidance to $2.32-$2.40 per share.

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

All Exelon utilities achieved top quartile in outage duration and outage frequency, with ComEd and PHI delivering best-on-record performance for the third straight quarter.

Total Revenue

$5.98B

Previous year: $4.85B