secwatch.observer — SEC 8-K summary
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Issuer:     EXELON CORP (EXC)
CIK:        0001109357
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001109357-25-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exelon Q4 adjusted EPS $0.64; initiates 2025 guidance $2.64-$2.74; raises 4-yr capex to $38B
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- Q4 2024 GAAP net income $0.64 per share; adjusted (non-GAAP) $0.64 per share, up from $0.60 in Q4 2023.
- Full-year 2024 adjusted EPS of $2.50, vs $2.38 in 2023; 2025 adjusted EPS guidance set at $2.64-$2.74.
- Quarterly dividend declared at $0.40 per share, implying expected 2025 payout ratio of ~60%.
- Capital expenditure plan increased 10% to $38B over 2025-2028; rate base growth of 7.4% and EPS CAGR 5-7%.
- Rate cases approved: ComEd MRP, Pepco DC multi-year plan, PECO electric ($354M) and gas ($78M) effective Jan 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109357/000110935725000041/0001109357-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8192/000110935725000041/exc-20250212.htm
  HTML page:      https://secwatch.observer/filing/0001109357-25-000041

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