Exelon Corporation's Stock Analysis

Exelon Reports Second Quarter 2025 Financial Results

Exelon Corporation announced its financial results for the second quarter of 2025, reporting a GAAP net income of $0.39 per share, a decrease from $0.45 per share in the same quarter of 2024. Adjusted operating earnings also fell to $0.39 per share from $0.47 per share year-over-year, primarily due to lower utility earnings linked to increased storm costs and other operational challenges. The company reaffirmed its full-year adjusted operating earnings guidance range of $2.64 to $2.74 per share and highlighted that all its utilities maintained top quartile performance in reliability metrics.

Additionally, Exelon's Board of Directors declared a quarterly dividend of $0.40 per share, payable on September 15, 2025. The company has made significant progress in its financing activities, having executed approximately 80% of planned debt financings and completed its equity financing needs for 2025. The financial performance was impacted by various factors, including increased costs at the holding company level and storm-related expenses, but the company remains focused on delivering long-term value through operational excellence and strategic investments.

Jul 31, 2025 06:55:58

Exelon Reports Q1 2025 Earnings and Confirms Full-Year Guidance

Exelon Corporation reported a GAAP net income of $0.90 per share and adjusted operating earnings of $0.92 per share for the first quarter of 2025, marking an increase from $0.66 and $0.68 per share, respectively, in the same quarter of 2024. The company reaffirmed its full-year 2025 adjusted operating earnings guidance range of $2.64 to $2.74 per share and reported that all its utilities maintained top quartile performance in reliability and top decile performance in safety. Additionally, Exelon completed about 50% of its planned debt financings and priced approximately 60% of its $700 million annualized equity financing need for 2025 by the end of March 2025.

The company's operating results showed significant improvements, particularly in its utility segments. ComEd and PECO reported substantial increases in both GAAP net income and adjusted operating earnings, attributed to higher distribution and transmission rate increases. However, BGE experienced a slight decrease in both measures due to increased interest expenses. Exelon's Board of Directors declared a quarterly dividend of $0.40 per share, payable on June 13, 2025, to shareholders of record by May 12, 2025.

May 01, 2025 06:57:59

Exelon Appoints David DeWalt to Board, Enhancing Cybersecurity Focus

Exelon has appointed David DeWalt to its Board of Directors, effective March 10, 2025. DeWalt, known for his expertise in cybersecurity and technology, has previously led companies such as FireEye and McAfee. His experience is expected to complement Exelon's focus on enhancing the safety of operations and customer data as the company upgrades its systems to meet the demands of a complex technology landscape.

As the largest utility company in the U.S., Exelon serves 10.7 million customers through its various regulated utilities. The announcement highlights Exelon's commitment to integrating technology and infrastructure to improve energy delivery. However, the release does not mention any specific financial metrics or performance indicators related to this appointment or its potential impact on the company's operations.

Mar 10, 2025 16:11:54

Exelon Reports $2.45 Full-Year Earnings Per Share for 2024

Exelon Corporation reported a GAAP net income of $0.64 per share for the fourth quarter of 2024, matching the previous year's performance, and a full-year GAAP net income of $2.45 per share, an increase from $2.34 in 2023. The company also declared a quarterly dividend of $0.40 per share for the first quarter of 2025 and introduced a guidance range for 2025 Adjusted operating earnings between $2.64 and $2.74 per share. Additionally, Exelon plans to invest $38 billion in capital expenditures over the next four years to enhance grid reliability and customer service, projecting a 7.4% growth in rate base and 5-7% annualized earnings growth through 2028.

Conversely, Exelon faced challenges, with ComEd's net income decreasing to $243 million in the fourth quarter of 2024 from $268 million in the prior year. BGE also reported a decline in net income to $175 million from $199 million, attributed to higher depreciation and interest expenses. While PECO showed improvements in earnings, overall performance was mixed, with certain operational costs increasing and some utilities experiencing lower allowed rates of return. These factors highlight ongoing financial pressures despite overall positive earnings growth.

Feb 12, 2025 06:56:32

Exelon Appoints Colette Honorable as New Chief Legal Officer

Exelon Corporation announced the departure of Gayle Littleton as Chief Legal Officer and Corporate Secretary, effective January 1, 2025. She will transition to the role of Special Advisor to the CEO until March 31. Colette Honorable, currently the Executive Vice President of Public Policy, will take over the legal department and expand her responsibilities. Littleton’s leadership was noted for her role in the company’s significant legal achievements, including the separation of Exelon’s business sectors and resolving government investigations.

Colette Honorable, who joined Exelon in 2023, has a strong background in energy regulation and policy advocacy. Her prior experience includes serving as a FERC Commissioner and a partner at a global law firm. While her appointment is seen as a positive step for Exelon’s legal and regulatory strategy, the transition may raise concerns about continuity in leadership, given Littleton's impactful tenure since 2020.

Dec 03, 2024 09:05:46

Exelon Reports Third Quarter 2024 Financial Results

Exelon Corporation reported a GAAP net income of $0.70 per share and adjusted operating earnings of $0.71 per share for the third quarter of 2024, showing an increase from $0.67 per share in the same quarter of 2023. The company maintained top quartile reliability across all its utilities, with ComEd and Pepco Holdings achieving top decile performance. Exelon is committed to investing $34.5 billion in energy infrastructure and has reaffirmed its full-year adjusted operating earnings guidance of $2.40 to $2.50 per share, along with a long-term earnings growth target of 5-7% through 2027. Additionally, a quarterly dividend of $0.38 per share was declared for shareholders of record on November 11, 2024, payable on December 13, 2024.

However, not all results were positive. While ComEd and PHI reported increased earnings, PECO's GAAP net income decreased to $117 million from $146 million year-over-year, attributed to higher credit loss and interest expenses. BGE's adjusted operating earnings also fell slightly to $45 million from $47 million in the prior year. The company is facing challenges such as increased interest and depreciation expenses across several of its utilities, which may impact future profitability. Furthermore, DPL has filed for a natural gas distribution rate increase, which is pending approval, adding uncertainty to future revenue streams.

Oct 30, 2024 06:53:07

Exelon Reports Strong Q2 2024 Earnings and Performance

Exelon Corporation announced a successful second quarter of 2024, with net income rising to $0.45 per share and adjusted earnings at $0.47 per share, exceeding last year's results. The company reaffirmed its full year earnings guidance and showcased excellent utility reliability. However, some operations faced challenges like increased interest and depreciation costs. The board declared a quarterly dividend of $0.38 per share, highlighting commitment to shareholder returns amidst a strong operational performance.

Aug 01, 2024 06:56:39

Exelon Q1 2024: Strong Earnings, Regulatory Progress

Exelon reports Q1 2024 GAAP net income of $0.66 per share and affirms full-year earnings guidance. Top quartile reliability performance achieved. ComEd and PECO filed rate cases for infrastructure investments. Exelon's CEO highlights progress on regulatory matters. Quarterly dividend declared. While some operating earnings decreased, BGE's and PHI's earnings increased due to rate hikes. Overall, Exelon remains on track for sustained growth and safety commitment.

May 02, 2024 06:53:09

Exelon Reports Strong Financial Performance and Initiates 2024 Outlook

Exelon Corporation reported a positive financial year in 2023, with an increase in both GAAP Net Income and Adjusted Operating Earnings. The company plans to invest $35 billion in capital expenditures over the next four years, aiming for 7.5% rate base growth. Exelon's utilities achieved best-on-record performance, and the company is focusing on energy transformation. The 2024 outlook includes a dividend increase, adjusted earnings guidance, and a balanced funding strategy for capital expenditures.

Feb 21, 2024 06:53:44

Exelon Announces Executive Leadership Changes

Exelon announces Mike Innocenzo as COO, Dave Velazquez as PECO President & CEO, and Denise Galambos as CHRO. The company expresses confidence in the new leadership's ability to deliver operational excellence and continue the advancement of best-in-class service. Amy Best to retire, succeeded by Denise Galambos. The new appointees bring extensive industry experience and community involvement.

Feb 06, 2024 16:10:30