Exelon Corporation reported a strong financial performance for Q4 2023, with increased GAAP Net Income to $0.62 per share and Adjusted (non-GAAP) Operating Earnings to $0.60 per share. The company is initiating a 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $2.40-$2.50 per share and increased their quarterly dividend.
GAAP Net Income increased to $0.62 per share, up from $0.43 per share in Q4 2022.
Adjusted (non-GAAP) Operating Earnings rose to $0.60 per share, compared to $0.43 per share in Q4 2022.
2024 Adjusted (non-GAAP) Operating Earnings guidance range set at $2.40-$2.50 per share.
Quarterly dividend declared at $0.38 per share for Q1 2024, a 5.6% increase over Q4 2023 dividend.
Exelon anticipates adjusted (non-GAAP) earnings for 2024 to be $2.40 to $2.50 per share, driven by ongoing investments in energy transformations within its jurisdictions, executed affordably and efficiently.
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