The company said GAAP net income from continuing operations rose to $0.62 per share for Q4 2023 from $0.43 per share in Q4 2022, and adjusted (non-GAAP) operating earnings rose to $0.60 per share from $0.43 per share.

1. 01

   The company said GAAP net income from continuing operations rose to $0.62 per share for Q4 2023 from $0.43 per share in Q4 2022, and adjusted (non-GAAP) operating earnings rose to $0.60 per share from $0.43 per share.

2. 02

   Exelon reported full-year 2023 GAAP net income from continuing operations of $2.34 per share (2022: $2.08 per share) and adjusted (non-GAAP) operating earnings of $2.38 per share (2022: $2.27 per share), with adjusted operating earnings totaling $2,377 million.

3. 03

   The company introduced 2024 adjusted (non-GAAP) operating earnings guidance of $2.40 to $2.50 per share and declared a regular quarterly dividend of $0.38 per share for Q1 2024. It said the dividend is 5.6% higher than the $0.36 per share dividend paid for Q4 2023.

4. 04

   The company said it plans to invest $35 billion in capital expenditures over the next 4 years, which it expects to result in rate base growth of 7.5% and operating EPS compound annual growth of 5 to 7% from 2023 to 2027. It also said it is updating its 4-year financing plan to include $1.3 billion of additional equity to fund about 40% of $3.2 billion in incremental capital expenditures.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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