Exelon Corporation’s (EXC) first-quarter 2025 earnings of 92 cents per share surpassed the Zacks Consensus Estimate of 85 cents by 8.3%. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The bottom line also increased 35.3% from the year-ago level of 68 cents. Higher distribution and transmission-rate increase at Commonwealth Edison Company and Pepco Holdings LLC boosted year-over-year earnings.On a GAAP basis, earnings were 90 cents per share, which increased 36.4% from the year-ago qua ...

Exelon (EXC) reported $6.71 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 11.1%. EPS of $0.92 for the same period compares to $0.69 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.45 billion, representing a surprise of +4.05%. The company delivered an EPS surprise of +8.24%, with the consensus EPS estimate being $0.85.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Financial Data and Key Metrics Changes - Exelon reported operating earnings of $0.92 per share for Q1 2025, up from $0.68 per share in Q1 2024, reflecting a growth of $0.24 per share [17][18] - The earnings increase was primarily driven by $0.14 from new distribution and transmission rates, $0.03 from favorable weather, and $0.02 from tax repairs timing, partially offset by $0.03 from higher interest expenses [17][18] - The company reaffirmed its annualized earnings growth rate of 5% to 7% through 2028, with a projected full-year operating earnings range of $2.64 to $2.74 per share [20][32] Business Line Data and Key Metrics Changes - ComEd and Pepco Holdings are projected to achieve top decile auto frequency and duration performance, while VGE and PECO are in the top quartile [8] - The company has a 17 gigawatt pipeline of opportunity, with an additional 16 gigawatts of high-density load under advanced studies [13][14] Market Data and Key Metrics Changes - The Maryland legislature passed several energy bills aimed at enhancing energy security, including provisions for battery storage and competitive procurement processes [9][40] - PJM has made progress in addressing capacity market issues, with FERC approving solutions that include a temporary price collar [11][12] Company Strategy and Development Direction - Exelon plans to invest $38 billion over the next four years, aiming for a 7.4% rate base growth financed through a balanced mix of debt and equity [15][32] - The company is focused on enhancing customer service and reliability while managing affordability challenges amid economic uncertainties [28][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting objectives despite potential legislative impacts on reconciliations in Maryland [36][42] - The company is actively engaging in discussions to address resource adequacy and affordability, emphasizing a portfolio approach to meet future energy needs [87][89] Other Important Information - Exelon has completed nearly 50% of its planned long-term debt financing for 2025, raising $650 million for Pepco Holdings utilities [24][25] - The company is advocating for legislative changes to lower energy costs for customers, particularly regarding the corporate alternative minimum tax [26][30] Q&A Session Summary Question: Impact of new Maryland legislation on reconciliations - Management expects the reconciliation to proceed without hindrance and is confident in meeting future budget objectives despite legislative changes [36][42] Question: FERC two zero six settlement discussions - Management is open to discussions and aims for a quick resolution to support customer needs [44] Question: Involvement in Pennsylvania legislation for regulated generation - Management supports any measures that enhance resource adequacy and affordability for customers [48] Question: Timing for data center load ramp-up - Management anticipates that 10% of the load will be operational by 2028, with a third by 2030 and three-fourths by 2034 [71] Question: Addressing affordability challenges - Management is actively working to assist customers with energy efficiency programs and community engagement to mitigate cost impacts [76][79] Question: Timeline for lessons learned docket in Maryland - Management expects a decision on the lessons learned process by the end of Q2 2025, emphasizing the importance of multi-year plans [82][84]

Exelon (EXC) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Andrew Plenge - Investor RelationsCalvin Butler - President and Chief Executive OfficerJeanne Jones - Executive VP & CFONicholas Campanella - DirectorJames Kennedy - Vice PresidentColette Honorable - EVP, Chief Legal Officer & Corporate SecretaryDavid Arcaro - Executive Director, Equity ResearchBill Appicelli - Executive Director, Head of North America Power & Utilities Research Conference Call Participants Julien Dumoulin-Smit ...

Exelon (EXC) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.24%. A quarter ago, it was expected that this energy company would post earnings of $0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%.Over the last four quarters, the company has s ...

May 1, 2025 Earnings Conference Call First Quarter 2025 Cautionary Statements Regarding Forward-Looking Information This presentation contains certain forward-looking statements within the meaning of federal securities laws that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," "should," and variations on such words, and similar expressions that reflect our ...

Financial Performance - Exelon reported adjusted operating earnings of $0.92 per share for Q1 2025, up from $0.68 per share in Q1 2024, and reaffirmed full-year guidance of $2.64 - $2.74 per share[4]. - GAAP net income for Q1 2025 increased to $0.90 per share, compared to $0.66 per share in Q1 2024, reflecting higher utility earnings from rate increases and improved weather conditions[5]. - ComEd's Q1 2025 GAAP net income rose to $302 million from $193 million in Q1 2024, driven by distribution and transmission rate increases[7]. - PECO's Q1 2025 GAAP net income increased to $266 million from $149 million in Q1 2024, primarily due to higher electric and gas distribution rates[8]. - BGE's Q1 2025 GAAP net income slightly decreased to $260 million from $264 million in Q1 2024, impacted by increased interest expenses[9]. - PHI's Q1 2025 GAAP net income grew to $194 million from $168 million in Q1 2024, supported by favorable distribution rates and weather conditions[11]. - Exelon's total operating revenues for Q1 2025 reached $6,714 million, a 11.1% increase from $6,043 million in Q1 2024[27]. - The operating income for Q1 2025 was $1,536 million, compared to $1,114 million in Q1 2024, reflecting a 37.9% increase[27]. - Net income attributable to common shareholders for Q1 2025 was $908 million, up from $658 million in Q1 2024, representing a 38.0% increase[27]. - Adjusted (non-GAAP) operating earnings for 2025 were $932 million, compared to $685 million in 2024, reflecting a year-over-year increase of 36%[36]. Assets and Liabilities - Total assets as of March 31, 2025, amounted to $109,484 million, an increase from $107,784 million at the end of 2024[30]. - Current liabilities decreased to $8,103 million as of March 31, 2025, down from $9,611 million at the end of 2024[32]. - Long-term debt increased to $45,342 million as of March 31, 2025, compared to $42,947 million at the end of 2024[32]. - Cash and cash equivalents rose to $1,004 million as of March 31, 2025, up from $357 million at the end of 2024[30]. - Exelon’s retained earnings increased to $6,931 million as of March 31, 2025, compared to $6,426 million at the end of 2024[32]. - The company’s total shareholders' equity reached $27,607 million as of March 31, 2025, up from $26,921 million at the end of 2024[32]. Customer Metrics - The number of residential electric customers decreased slightly to 3,735,234 in 2025 from 3,754,505 in 2024[41]. - The number of residential electric customers remained stable at approximately 1.54 million, while natural gas customers increased to 509,773[45]. - The number of electric customers for BGE increased to 1,349,688, while natural gas customers rose to 705,520[51]. - The number of electric customers rose to 558,774 in 2025, up from 553,141 in 2024, indicating a growth in customer base[61]. - The number of small commercial and industrial electric customers increased to 64,999, up from 64,338 in 2024[61]. - The total number of natural gas customers reached 142,146 in 2025, up from 140,788 in 2024, showing growth in the natural gas segment[61]. Revenue and Deliveries - Total electric revenues for ComEd increased by 3.4% to $2,142 million in 2025 from $2,076 million in 2024[41]. - Residential electric deliveries rose by 7.4% to 6,674 GWh in 2025, while revenues increased by 8.2% to $993 million[41]. - Total electric revenues grew by 6.1% to $9,419 million, while total natural gas revenues increased by 11.9% to $39,493 million[45]. - Electric deliveries for residential customers increased by 11.7% to 3,859 GWh in 2025, with revenues rising by 21.3% to $631 million[45]. - Natural gas deliveries for residential customers rose by 15.6% to 21,834 mmcfs, with revenues increasing by 38.3% to $267 million[45]. - Total electric and natural gas revenues combined reached $1,333 million, reflecting a 26.5% increase compared to the previous year[45]. - Pepco's total electric revenues grew by 5.1% to $6,134 million, with residential revenues increasing by 22.9% to $424 million[57]. - Total electric revenues grew by 5.1% to $3,179 million, while natural gas revenues increased by 13.4% to $9,094 million[61]. Costs and Expenditures - Capital expenditures for the three months ended March 31, 2025, were $1,946 million, up from $1,767 million in 2024[34]. - The company reported a decrease in purchased power costs by 24% to $689 million in 2025 from $907 million in 2024[41]. - The company reported a 24.6% increase in purchased power and fuel costs, totaling $502 million[45]. - The company experienced a 14.9% increase in purchased power and fuel costs, totaling $247 million[61]. Financing and Dividends - Exelon completed approximately 50% of its planned debt financings and priced over 60% of its $700 million annualized equity financing needs for 2025[4]. - The company declared a quarterly dividend of $0.40 per share, payable on June 13, 2025[12]. - The company issued $2,425 million in long-term debt during the financing activities for the three months ended March 31, 2025[34]. Growth Projections - Exelon reaffirmed an operating EPS compounded annual growth of 5-7% from 2024 to 2028[4]. - The company maintains a balanced funding strategy to support investments in local communities while focusing on cost efficiency[3].

Exelon (EXC) FY 2025 Annual General Meeting April 29, 2025 01:46 PM ET Speaker0 Welcome to the Annual Meeting for Exelon Corporation. Our host for today's call is Paul Bowers, Member of the Board. I will now turn the call over to your host. Mr. Bowers, you may begin. Speaker1 Well, thank you, and good morning. Twenty fifth Annual Meeting of the Shareholders of Exelon Corporation will now come to order. My name is Paul Bowers, and I am the Exelon of one of the members of Exelon's Board of Directors. As discl ...

In its upcoming report, Exelon (EXC) is predicted by Wall Street analysts to post quarterly earnings of $0.78 per share, reflecting an increase of 13% compared to the same period last year. Revenues are forecasted to be $6.36 billion, representing a year-over-year increase of 5.3%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this pe ...

Exelon's first-quarter earnings are expected to have continued to benefit from its reduction in volumetric risk, as nearly 78% of its distribution revenues are decoupled. The company's bottom line is expected to have benefited from its rate case activities. New electric and gas rates implemented during the first and previous quarters in EXC's service regions should have contributed positively. The bottom line is expected to have benefited from ongoing energy efficiency programs and rising demand from data c ...