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Exelon logoExelon EXC

The company said GAAP net income for Q3 2024 was $0.70 per share, Adjusted (non-GAAP) operating earnings were $0.71 per share, and adjusted operating earnings for Q3 2023 were $0.67 per share.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said GAAP net income for Q3 2024 was $0.70 per share, Adjusted (non-GAAP) operating earnings were $0.71 per share, and adjusted operating earnings for Q3 2023 were $0.67 per share.

  2. Exelon said it reaffirmed its full-year 2024 Adjusted (non-GAAP) operating earnings outlook of $2.40 to $2.50 per share, and it also reaffirmed its adjusted operating EPS compounded annual growth target of 5 to 7% through 2027.

  3. Exelon said GAAP net income for Q3 2024 rose at ComEd to $360 million (compared with $333 million a year earlier) and at PHI to $278 million ($232 million), while PECO's fell to $117 million ($146 million).

  4. The company reported that operating cash flow from operating activities for the 9 months ended September 30, 2024, was $4,143 million ($3,292 million a year earlier), and capital expenditures were $5,161 million.

Summary

AI-written

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.

Q3 2024 GAAP Net Income and Adjusted Operating Earnings

The company said GAAP net income for Q3 2024 was $0.70 per share, Adjusted (non-GAAP) operating earnings were $0.71 per share, and adjusted operating earnings for Q3 2023 were $0.67 per share.

Source · Based on the filing body and exhibits

Full-Year Outlook Reaffirmed and 5 to 7% Growth Target

Exelon said it reaffirmed its full-year 2024 Adjusted (non-GAAP) operating earnings outlook of $2.40 to $2.50 per share, and it also reaffirmed its adjusted operating EPS compounded annual growth target of 5 to 7% through 2027.

Source · Based on the filing body and exhibits

Q3 2024 Net Income by Operating Company

Exelon said GAAP net income for Q3 2024 rose at ComEd to $360 million (compared with $333 million a year earlier) and at PHI to $278 million ($232 million), while PECO's fell to $117 million ($146 million).

Source · Based on the filing body and exhibits

9-Month Operating Cash Flow and Capital Expenditures

The company reported that operating cash flow from operating activities for the 9 months ended September 30, 2024, was $4,143 million ($3,292 million a year earlier), and capital expenditures were $5,161 million.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.