---
schema_version: "secwatch.filing_event.v1"
accession: "0001109357-23-000016"
form_type: "8-K"
ticker: "EXC"
cik: "0001109357"
company_name: "EXELON CORP"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:06:40.892244+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Exelon Q4 adj EPS $0.43, up from $0.39 YoY; guides 2023 $2.30-$2.42; dividend raised 6.7%

## Summary
- Q4 2022 GAAP EPS $0.43, adjusted EPS $0.43; full-year adjusted EPS $2.27 vs $1.83 in 2021.
- 2023 adjusted (non-GAAP) EPS guidance initiated at $2.30-$2.42, reflecting 6-8% CAGR from 2022 midpoint.
- Quarterly dividend increased 6.7% to $0.36 per share; payable March 10, 2023 to holders of record Feb 27.
- Plans $31.3B capex over four years, targeting 7.9% rate base growth and 6-8% operating EPS CAGR through 2026.
- ComEd filed multi-year rate plan seeking $877M increase for 2024; DPL Maryland rate settlement approved.

## SEC filing metadata
- accession: 0001109357-23-000016
- form_type: 8-K
- ticker: EXC
- cik: 0001109357
- company_name: EXELON CORP
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000016/0001109357-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8192/000110935723000016/exc-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001109357-23-000016
- JSON: https://secwatch.observer/filing/0001109357-23-000016.json
- Plain text: https://secwatch.observer/filing/0001109357-23-000016.txt

## Key facts
- Earnings Releases
  EXELON CORP reported 2023 results: EPS $2.30-$2.42 per share. Guidance initiated.
  - Period: 2023
  - EPS: $2.30-$2.42 per share
  - Guidance: initiated
  - Result: guidance update
  source text: Introducing 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000016/0001109357-23-000016-index.htm
- Earnings Releases
  EXELON CORP reported full year 2022 results: EPS $2.08 per share.
  - Period: full year 2022
  - EPS: $2.08 per share
  - Result: reported results
  source text: For the full year 2022, we earned $2.08 per share on a GAAP basis and $2.27 on a non-GAAP basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000016/0001109357-23-000016-index.htm
- Earnings Releases
  EXELON CORP reported the fourth quarter of 2022 results: EPS $0.43 per share.
  - Period: the fourth quarter of 2022
  - EPS: $0.43 per share
  - Result: reported results
  source text: Exelon's GAAP Net Income from Continuing Operations for the fourth quarter of 2022 increased to $0.43 per share from $0.31 GAAP Net Income from Continuing Operations per share in the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000016/0001109357-23-000016-index.htm

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