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Exelon
🇺🇸 NASDAQ:EXC
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Sep 30, 2024

Exelon Q3 2024 Earnings Report

Reported strong financial and operational performance, driven by utility earnings and disciplined financial management.

Key Takeaways

Exelon Corporation reported a GAAP net income of $0.70 per share and adjusted (non-GAAP) operating earnings of $0.71 per share for the third quarter of 2024. The company reaffirmed its full-year 2024 adjusted (non-GAAP) operating earnings guidance range of $2.40-$2.50 per share and its adjusted (non-GAAP) operating EPS compounded annual growth target of 5-7% through 2027. Strong utility reliability performance was achieved, with all utilities reaching top quartile in reliability.

GAAP net income of $0.70 per share and adjusted (non-GAAP) operating earnings of $0.71 per share for Q3 2024.

Reaffirming full year 2024 adjusted (non-GAAP) operating earnings guidance range of $2.40-$2.50 per share.

Reaffirming adjusted (non-GAAP) operating EPS compounded annual growth target of 5-7% through 2027.

Strong utility reliability performance with all utilities achieving top quartile in reliability.

Total Revenue
$6.15B
Previous year: $5.98B
+2.9%
EPS
$0.71
Previous year: $0.67
+6.0%
Gross Profit
$2.5B
Previous year: $2.4B
+4.2%
Cash and Equivalents
$1.17B
Previous year: $735M
+58.9%
Free Cash Flow
-$6M
Previous year: -$324M
-98.1%
Total Assets
$106B
Previous year: $99.3B
+6.9%

Exelon

Exelon

Exelon Revenue by Segment

Forward Guidance

Exelon is on track to meet its full year earnings guidance of $2.40 to $2.50 per share and is making $34.5 billion of critical investments in its energy infrastructure, giving the company confidence to deliver its long-term earnings per share growth target of 5-7% through 2027.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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