Exelon said net income attributable to common shareholders increased by $250 million for the 3 months ended March 31, 2025 compared to the same period in the prior year, and diluted earnings per average common share were $0.90 in 2025 and 0.66 in 2024. The company cited timing of distribution earnings at ComEd and rate increases as factors.

1. 01

   Exelon said net income attributable to common shareholders increased by $250 million for the 3 months ended March 31, 2025 compared to the same period in the prior year, and diluted earnings per average common share were $0.90 in 2025 and 0.66 in 2024. The company cited timing of distribution earnings at ComEd and rate increases as factors.

2. 02

   Exelon said that regarding the FERC audit issue at ComEd related to the allocation of indirect costs, it recorded $70 million of capitalized construction costs to operating expenses because these amounts are not expected to be recovered in future rates. The settlement received FERC approval on April 4, 2025.

3. 03

   Exelon said it issued approximately 4.0 million shares of common stock at an average gross price of $43.42 per share during Q1 2025, generating net proceeds of $173 million. The company also entered into 2 forward sale agreements for 1.7 million shares and 4.0 million shares.

4. 04

   Exelon said that as of March 31, 2025, $3.4 billion of its $4.0 billion in aggregate total credit facility commitments was available. The Board of Directors approved a dividend policy under which the 2025 quarterly dividend is $0.40 per share.

Key figures

Quarter ended March 31, 2025

Revenue

$6.7B

Operating income

$1.5B

Net income

$908M

EPS

$0.90

Operating cash flow

$1.2B

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.