Exelon said its net income attributable to common shareholders for Q3 2024 increased $7 million from the prior-year period, and diluted earnings per share were consistent at $0.70. For the 9-month period, net income attributable to common shareholders increased $102 million, and diluted earnings per share rose from $1.72 to $1.81.

1. 01

   Exelon said its net income attributable to common shareholders for Q3 2024 increased $7 million from the prior-year period, and diluted earnings per share were consistent at $0.70. For the 9-month period, net income attributable to common shareholders increased $102 million, and diluted earnings per share rose from $1.72 to $1.81.

2. 02

   The company said it reached an agreement in principle with FERC on the contested overhead allocation finding for ComEd on July 30, 2024. It recorded a charge of $70 million for capitalized construction costs it expects will not be recovered in future rates, which it booked as operating expenses. The final settlement is subject to FERC approval.

3. 03

   The company said it issued approximately 4.0 million shares of common stock in Q3 2024 at an average gross price of $37.60 per share. Net proceeds were $147 million, which it used for general corporate purposes. The total ATM program limit is $1.0 billion, and $708 million remained available for sale under the program as of September 30, 2024.

4. 04

   The company said the credit facilities have total aggregate commitments of $4.0 billion, of which $3.4 billion was available to support additional commercial paper as of September 30, 2024. The company said it believes its cash flows from operating activities, access to credit markets, and credit facilities provide sufficient liquidity to support its estimated future cash requirements.

Key figures

Quarter ended September 30, 2024

Revenue

$6.2B

Operating income

$1.2B

Net income

$707M

EPS

$0.70

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.