Investors looking for stocks in the Utility - Electric Power sector might want to consider either Exelon (EXC) or OGE Energy (OGE) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Both Exelon and OGE Energy have a Zacks Rank of # 2 (Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. Howe ...

In its upcoming report, Exelon (EXC) is predicted by Wall Street analysts to post quarterly earnings of $0.41 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $5.01 billion, representing a year-over-year increase of 4%. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently ...

Last year, the estimate for 2023 non-GAAP earnings was $2.30 to $2.42 per share. Year-end earnings came in at $2.38, up 4.8% from $2.27 in 2022. The early estimate for 2024 earnings is $2.40 to $2.50 per share, so on average 3.0% higher. Earnings growth is now estimated by Exclon at 5-7.0% per year moving forward, versus the 6- 8.0% estimate of last year. This has been a common trend for utilities in today's higher interest rate environment. 2023's increased earnings were largely due to higher electric reve ...

About Talen Forward-Looking Statements Talen owns and operates approximately 10.7 gigawatts of power infrastructure in the United States. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, including PJM and WECC, with our generation fleet principally located in the Mid-Atlantic and Montana. Talen is headquartered in Houston, Texas. For more information visit www.talenenergy.com. Talen trades on the OTCQX® Best Market under the ticker "TLNE." OTCQX companies ...

Core Viewpoint - ComEd is committed to enhancing the use of solar energy and advancing distributed energy resources, reflecting a strong focus on sustainability and customer engagement [1][13]. Company Benefits - ComEd has completed 5,073 systems with a total capacity of 95.76 MW as of May 2024, alongside receiving a record 8,273 new interconnection applications, indicating the positive impact of climate legislation in Illinois and consumer interest in solar energy [2][15]. - The company anticipates that focusing on new technologies will lower operational costs and generate additional revenue through improved service reliability and customer acquisition [3]. Renewable Energy Initiatives - ComEd's multi-year grid and rate plans, filed with the Illinois Commerce Commission, outline necessary investments to support the rapid expansion of renewable energy and ensure equitable access to clean energy benefits under the Climate and Equitable Jobs Act [4]. - The company projects that distributed energy resource (DER) capacity will exceed 1,900 MW by 2025 and 3,600 MW by 2030, which is equivalent to powering approximately 120,000 homes for a year [16]. Emission Reduction Goals - Exelon aims to reduce operations-driven emissions by 50% by 2030 and achieve net-zero operations by 2050, aligning with broader industry trends towards sustainability [5][17]. - Other companies in the electric power sector, such as Xcel Energy, NextEra Energy, and Dominion Energy, are also setting ambitious clean energy targets, indicating a collective industry shift towards renewable energy [18]. Industry Trends - According to the U.S. Energy Information Administration, renewable energy sources are expected to account for 23% and 25% of U.S. electricity generation in 2024 and 2025, respectively, with solar energy contributing over 70% of this increase [6]. - NextEra Energy plans to reduce total carbon emissions by 67% by 2025 and has recently added significant solar capacity to its portfolio, reflecting a strong commitment to renewable energy investments [20].

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Group 1 - Hilco Redevelopment Partners (HRP) announced the appointment of founder and CEO Roberto E. Perez to the board of directors for PECO, Pennsylvania's largest electric and natural gas distribution company [1] - Perez has significant experience in land development and energy infrastructure, particularly through HRP's transformation of obsolete industrial assets, including the redevelopment of 1300 acres in South Philadelphia into The Bellwether District [2][4] - PECO's leadership expressed confidence in Perez's ability to diversify their approach to sustainable energy solutions, aligning with their commitment to community support and customer experience [3] Group 2 - Perez's leadership at HRP has led to a portfolio of significant redevelopment projects across the United States, including Tradepoint Atlantic in Baltimore and the former Potomac River Generating Station in Alexandria, Virginia [4][5] - HRP specializes in acquiring end-of-life industrial sites and transforming them into modern facilities, emphasizing economic, community, and environmental sustainability [7] - PECO, founded in 1881, serves nearly 1.7 million electric customers and over 548,000 natural gas customers in southeastern Pennsylvania, focusing on safe and reliable energy delivery [8]

Financial Performance - Exelon's net income attributable to common shareholders for Q1 2024 was $658 million, a decrease of $11 million compared to $669 million in Q1 2023[356]. - Diluted earnings per share decreased to $0.66 in Q1 2024 from $0.67 in Q1 2023, primarily due to higher interest expenses and storm costs[357]. - Adjusted (non-GAAP) operating earnings for Q1 2024 were $685 million, down from $696 million in Q1 2023, reflecting a decrease in operational performance[364]. - ComEd's net income for Q1 2024 decreased by $48 million (19.9%) to $193 million, primarily due to lower electric distribution earnings[381]. - PECO's net income for Q1 2024 decreased by $17 million (10.2%) to $149 million, driven by higher storm costs and increased interest expense[393]. - Net income for BGE increased by $64 million to $264 million in Q1 2024, driven by favorable impacts from multi-year plans[407]. - DPL's net income for the three months ended March 31, 2024, was $66 million, an increase of $6 million from $60 million in 2023, driven by higher Delaware electric distribution rates[440]. Revenue and Expenses - ComEd's operating revenues for Q1 2024 were $2.095 billion, an increase of $428 million (25.7%) compared to Q1 2023[381]. - PECO's operating revenues for Q1 2024 were $1.054 billion, a decrease of $58 million (5.2%) compared to Q1 2023, attributed to increased operating expenses[393]. - Operating revenues for BGE rose by $40 million to $1,297 million in Q1 2024 compared to $1,257 million in Q1 2023[407]. - Pepco's operating revenues for the three months ended March 31, 2024, were $759 million, an increase of $49 million from $710 million in 2023[425]. - DPL's operating revenues for the three months ended March 31, 2024, were $491 million, reflecting a $17 million increase from $474 million in 2023[440]. - Total operating expenses for Pepco increased to $640 million for the three months ended March 31, 2024, up from $610 million in 2023, reflecting a $30 million increase[425]. - Operating and maintenance expenses for BGE increased by $42 million in Q1 2024, largely due to storm-related costs and regulatory required programs[416]. Regulatory and Compliance - Exelon is currently involved in regulatory proceedings that may impact future financial statements, including base rate cases and FERC audits[363]. - ComEd's completed distribution base rate case proceedings included a requested revenue requirement increase of $1.487 billion, with an approved increase of $501 million effective January 1, 2024[366]. - The increase in operating revenues for DPL included a $21 million rise from regulatory required programs, despite a $28 million decrease in other regulatory programs[441]. - Distribution revenue increased due to higher electric distribution rates effective July 2023 and Maryland's multi-year plan effective January 2024[450]. Customer Growth - The number of electric customers increased to 1,341,840 in Q1 2024 from 1,336,321 in Q1 2023, reflecting a growth in residential and commercial segments[409]. - The total number of electric customers increased to 946,982 as of March 31, 2024, up from 936,355 in 2023, representing a growth of approximately 1.3%[427]. - The number of natural gas customers for BGE grew to 703,136 in Q1 2024 from 701,104 in Q1 2023[410]. - The number of Delaware natural gas customers rose to 140,788 in 2024, up from 140,123 in 2023, reflecting an increase in residential customers to 130,427[448]. - The total number of electric customers for ACE increased to 572,118 in 2024, up from 569,246 in 2023[461]. Capital and Investment - Projected capital expenditures for 2024 total $7,425 million, with ComEd contributing $2,150 million, PECO $1,700 million, and BGE $1,600 million[491]. - Capital expenditures for Exelon were $114 million, while ComEd reported $23 million in Q1 2024[480]. - Exelon has $858 million of common stock available for sale under its ATM equity distribution program as of December 31, 2023[488]. - The Registrants had $4.0 billion in total credit facility commitments, with $2.7 billion available for commercial paper as of March 31, 2024[486]. Interest and Tax Rates - The marginal statutory income tax rates for 2024 and 2023 ranged from 24.0% to 29.0%, affecting the reconciliation of GAAP net income and adjusted operating earnings[361]. - Effective income tax rates for ComEd were 9.0% for Q1 2024, down from 22.8% in Q1 2023[391]. - Effective income tax rates for BGE were 8.3% in Q1 2024, down from 20.6% in Q1 2023[419]. - The effective income tax rates were 15.7% for the three months ended March 31, 2024, compared to 15.6% in 2023[438]. - The effective income tax rate for the three months ended March 31, 2024, was 20.5%, compared to 16.7% in 2023[456]. Debt and Financing - Short-term borrowings increased by $963 million for Exelon and $296 million for ComEd in Q1 2024[482]. - Long-term debt decreased by $1,344 million for Exelon and $975 million for ComEd in Q1 2024[482]. - Exelon has entered into 20-year floating-to-fixed renewable energy swap contracts to hedge against commodity price risk[514]. - Exelon utilizes hedging programs to mitigate exposure to energy and natural gas price volatility, with costs fully recovered through regulatory-approved mechanisms[511]. - The Registrants' outstanding long-term debt is primarily fixed-rate, significantly reducing interest rate risk[515]. Operational Efficiency - Cash flows from operating activities increased by $508 million for Exelon and $672 million for ComEd in Q1 2024 compared to the same period in 2023[476]. - Non-cash operating activities adjustments totaled $129 million for Exelon and $115 million for ComEd in Q1 2024[476]. - Energy efficiency spending for ComEd was $80 million in Q1 2024, compared to $72 million in Q1 2023[478].

Exelon Corporation’s (EXC) first-quarter 2024 earnings of 69 cents per share missed the Zacks Consensus Estimate of 70 cents by 1.43%. Earnings also decreased from the year-ago level of 70 cents.On a GAAP basis, first-quarter earnings were 66 cents per share compared with 67 cents in the year-ago quarter.Total RevenuesExelon's first-quarter revenues of $6.04 billion surpassed the Zacks Consensus Estimate of $5.7 billion by 6%. The top line was 8.6% higher than the year-ago figure of $5.6 billion. Highlights ...

Exelon (EXC) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.43%. A quarter ago, it was expected that this energy company would post earnings of $0.58 per share when it actually produced earnings of $0.60, delivering a surprise of 3.45%.Over the last four quarters, the company has ...