Exelon reports Q3 adjusted EPS $0.67, down from $0.75 YoY; narrows FY guidance to $2.32-$2.40

EXELON CORP

2024-Q3 EPS reported $1.72 revenue$16,360,000,000

GAAP EPS $0.70; adjusted (non-GAAP) EPS $0.67, vs $0.75 a year ago.
Narrowed FY 2023 adjusted EPS guidance to $2.32-$2.40 from $2.30-$2.42.
Reaffirmed 6-8% fully regulated operating EPS CAGR target through 2025/2026; expects midpoint or better.
Declared Q4 dividend of $0.36/share, payable Dec 8 to holders of record Nov 15.
ComEd adjusted earnings rose to $338M; PECO, BGE, PHI declined due to higher storm costs, depreciation, and interest.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXELON CORP reported third quarter of 2023 results: net income $0.70 per share, EPS $0.70 per share. Guidance reaffirmed.

Period: third quarter of 2023
Net income: $0.70 per share
EPS: $0.70 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ews Release Contact: James Gherardi Corporate Communications 312-394-7417 Andrew Plenge Investor Relations 312-394-2345 EXELON REPORTS THIRD QUARTER 2023 RESULTS Earnings Release Highlights • GAAP Net Income of $0.70 per share and Adjusted (non-GAAP) Operating Earnings of $0.67 per share for the third quarter of 2023 • Narrowing guidance range for full year 2023 Adjusted (non-GAAP) Operating Earnings from $2.30-$2.42 per share to $2.32-$2.40 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 and PHI delivered best-on-record performance for the third straight quarter CHICAGO (Nov.

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Source: SEC EDGAR

accession 0001109357-23-000093

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