Exelon Q4 2022 Earnings Report
Key Takeaways
Exelon Corporation reported its financial results for the fourth quarter and full year 2022, showcasing its ability as a pure transmission and distribution company. The company delivered strong financial results, with GAAP Net Income and Adjusted Operating Earnings of $0.43 per share for the fourth quarter of 2022.
GAAP Net Income and Adjusted (non-GAAP) Operating Earnings of $0.43 per share for the fourth quarter of 2022.
Initiating 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share, reflecting continued growth in the utilities.
Quarterly dividend of $0.36 per share declared for the first quarter of 2023, representing 6.7% growth over 2022 fourth quarter dividend.
Projecting to invest $31.3 billion of capital expenditures over the next four years to meet customer needs, resulting in expected rate base growth of 7.9%.
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Forward Guidance
Exelon introduced a guidance range for 2023 Adjusted (non-GAAP) Operating Earnings of $2.30-$2.42 per share. The outlook for 2023 Adjusted (non-GAAP) Operating Earnings for Exelon and its subsidiaries excludes costs related to the separation.