---
schema_version: "secwatch.filing_event.v1"
accession: "0001109357-23-000064"
form_type: "8-K"
ticker: "EXC"
cik: "0001109357"
company_name: "EXELON CORP"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:25:56.751967+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Exelon Q2 GAAP EPS $0.34, adj $0.41; reaffirms FY23 $2.30-$2.42

## Summary
- GAAP EPS from continuing ops $0.34 vs $0.47 YoY; adjusted operating EPS $0.41 vs $0.44.
- FY23 adjusted EPS guidance reaffirmed at $2.30–$2.42; maintains 6-8% CAGR target through 2025/26.
- ComEd adj earnings $251M (+$22M YoY) on higher allowed ROE and rate base; PECO adj $98M (-$36M) on unfavorable weather.
- PHI adj earnings $115M (+$14M) on rate increases; BGE adj $43M (+$5M) on multi-year plan benefits.
- Pepco filed 3-year MD multi-year plan seeking $134M cumulative revenue increase, proposed 9-month extension.

## SEC filing metadata
- accession: 0001109357-23-000064
- form_type: 8-K
- ticker: EXC
- cik: 0001109357
- company_name: EXELON CORP
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000064/0001109357-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8192/000110935723000064/exc-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001109357-23-000064
- JSON: https://secwatch.observer/filing/0001109357-23-000064.json
- Plain text: https://secwatch.observer/filing/0001109357-23-000064.txt

## Key facts
- Earnings Releases
  EXELON CORP reported second quarter of 2023 results: net income $0.34 per share, EPS $0.34 per share. Guidance reaffirmed.
  - Period: second quarter of 2023
  - Net income: $0.34 per share
  - EPS: $0.34 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: ews Release Contact: James Gherardi Corporate Communications 312-394-7417 Andrew Plenge Investor Relations 312-394-2345 EXELON REPORTS SECOND QUARTER 2023 RESULTS Earnings Release Highlights • GAAP Net Income of $0.34 per share and Adjusted (non-GAAP) Operating Earnings of $0.41 per share for the second quarter of 2023 • Reaffirming full year 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share • Reaffirming fully regulated operating EPS compounded annual growth target of 6-8% from 2021 and 2022 guidance midpoints through 2025 and 2026, respectively, with expectation to be at midpoint or better of growth range • Strong utility reliability performance – every utility achieved top quartile in outage duration and outage frequency, and ComEd, PECO, and PHI delivered best-on-record performance for the second straight quarter • Pepco submitted its three-year mult
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000064/0001109357-23-000064-index.htm

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