---
schema_version: "secwatch.filing_event.v1"
accession: "0001109357-22-000110"
form_type: "8-K"
ticker: "EXC"
cik: "0001109357"
company_name: "EXELON CORP"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T07:55:47.915169+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Exelon Q3 adjusted EPS $0.75 beats $0.53 YoY; narrows FY22 guidance to $2.21-$2.29

## Summary
- GAAP EPS $0.68, up from $0.47; adjusted operating EPS $0.75 vs $0.53 in Q3 2021.
- Narrowed FY2022 adjusted EPS guidance to $2.21-$2.29 from $2.18-$2.32; reaffirmed 6-8% EPS growth 2021-2025.
- PECO gas rate case approved $55M annual increase; Delmarva Power gas rates $8M higher at 9.60% ROE.
- Completed public offering of 12.995M shares, net proceeds $563M used to repay $575M term loan.
- ComEd adjusted earnings $293M (+$69M), PECO $174M (+$60M), BGE $70M (+$30M), PHI $286M (+$14M).

## SEC filing metadata
- accession: 0001109357-22-000110
- form_type: 8-K
- ticker: EXC
- cik: 0001109357
- company_name: EXELON CORP
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109357/000110935722000110/0001109357-22-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8192/000110935722000110/exc-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001109357-22-000110
- JSON: https://secwatch.observer/filing/0001109357-22-000110.json
- Plain text: https://secwatch.observer/filing/0001109357-22-000110.txt

## Key facts
- Earnings Releases
  EXELON CORP reported full year 2022 results: EPS $2.21 to $2.29 per share.
  - Period: full year 2022
  - EPS: $2.21 to $2.29 per share
  - Result: guidance update
  source text: we have narrowed our 2022 EPS guidance range to $2.21 to $2.29 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935722000110/0001109357-22-000110-index.htm
- Earnings Releases
  EXELON CORP reported third quarter of 2022 results: net income $0.68 per share, EPS $0.75 per share. Guidance reaffirmed.
  - Period: third quarter of 2022
  - Net income: $0.68 per share
  - EPS: $0.75 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: ews Release Contact: Nick Alexopulos Corporate Communications 312-394-7417 Andrew Plenge Investor Relations 312-394-2345 EXELON REPORTS THIRD QUARTER 2022 RESULTS Earnings Release Highlights • 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 • ComEd announces intent to file its first multi-year plan with the Illinois Commerce Commission (ICC) in January 2023 in accordance with the Climate and Equitable Jobs Act (CEJA) • Settlements were approved by the Delaware Public Service Commissio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935722000110/0001109357-22-000110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.