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Exelon Reports 2024 Financial Results and Future Plans

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Exelon Reports 2024 Financial Results and Future Plans

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Exelon ( (EXC) ) just unveiled an update.

Exelon reported its fourth quarter and full year 2024 financial results, noting a GAAP net income of $0.64 per share and adjusted earnings of $2.50 per share for the year. The company plans to invest $38 billion over the next four years to enhance customer service and grid reliability, aiming for a 7.4% growth in rate base and a 5-7% annual earnings increase through 2028. Exelon also initiated a 2025 earnings guidance of $2.64-$2.74 per share and declared a quarterly dividend of $0.40 per share for the first quarter of 2025. The announcement reinforces Exelon’s commitment to operational excellence and economic growth, benefitting stakeholders through stable earnings and strategic investments.

More about Exelon

Exelon Corporation operates in the energy industry, primarily focusing on electricity transmission and distribution. The company serves regions including Northern Illinois, Southeastern Pennsylvania, Central Maryland, and parts of the District of Columbia, Maryland, Delaware, and New Jersey. Exelon is positioned as a leader in energy transformation, emphasizing grid reliability, community investment, and customer-focused innovation.

YTD Price Performance: 12.48%

Average Trading Volume: 6,480,522

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $42B

For an in-depth examination of EXC stock, go to TipRanks’ Stock Analysis page.

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