Exelon(US:EXC)2025-05-01 11:29Financial Performance - Q1 2025 GAAP earnings were $0.90 per share, compared to $0.66 per share in Q1 2024[10] - Adjusted Operating Earnings* for Q1 2025 were $0.92 per share, versus $0.68 per share in Q1 2024[10] - Exelon is affirming its 2025 EPS* guidance of $2.64 - $2.74 per share[11] - The company is reaffirming its 2024-2028 EPS* CAGR of 5-7%, expecting to be at the midpoint or better[11] - Exelon anticipates a 7.4% rate base growth resulting from $38 billion of capital investment, with a potential $10-15 billion transmission opportunity beyond the plan[11] Regulatory and Strategic Developments - State legislative sessions are featuring energy bills focused on energy security and affordability[11] - Maryland passed laws supporting energy security, providing rules for large load customers, assisting customer affordability, and refining tools to support timely cost recovery[11] - Exelon has a Q4 pipeline of 17+ GW of anticipated large load, driving incremental investment opportunities beyond the plan, with an additional 16 GW undergoing analysis and design in Q1 2025[11] - Filed base distribution rate cases for 2025 account for approximately 5% of Exelon's consolidated rate base[18] Financial Strategy - Approximately 60%, or $425 million, of 2025's annualized equity need of $700 million has been priced for issuance this year, supporting a balanced funding strategy for the capital investment plan through 2028[11] - Exelon executed approximately 50% of its 2025 debt financing needs in Q1, including $1 billion of hybrid debt, which receives 50% equity credit[27]