Exelon's earnings call presents a positive outlook for the company's future, with strong financial performance, significant planned capital investments, and improvements in credit rating and operational reliability. However, challenges remain in the form of regulatory hurdles and affordability concerns.

Company Guidance

During the Exelon Corporation's fourth-quarter earnings call for fiscal year 2024, the company reported notable achievements in both operational and financial performance. The CEO, Calvin Butler, highlighted that all four Exelon Utilities attained top quartile reliability, with three ranking in the top five among peers and all four in the top eight. Financially, the company reported GAAP earnings of $2.45 per share and adjusted operating earnings of $2.50 per share, marking the third consecutive year of meeting or exceeding guidance. Exelon plans to invest $38 billion from 2025 to 2028 to support customer needs, with over 80% of the $3.5 billion capital growth attributed to transmission. The company forecasts annualized earnings growth of 5% to 7% through 2028, with a 2025 operating earnings guidance of $2.64 to $2.74 per share. Additionally, Exelon announced a dividend increase to $1.60 per share, maintaining a payout ratio in line with its 60% capital allocation policy.

Strong Financial Performance

Exelon reported GAAP earnings of $2.45 per share and adjusted operating earnings of $2.50 per share for 2024, marking the third consecutive year of meeting or exceeding the midpoint of guidance.

Improved Credit Rating

Exelon Corporation received a credit rating upgrade from S&P to BBB+ from BBB, reflecting the company's strong balance sheet and financial strategy.

Significant Capital Investment

Exelon plans to invest $38 billion from 2025 to 2028, focusing on transmission, which accounts for over 80% of the $3.5 billion increase in their capital plan.

Operational Excellence

All four Exelon utilities achieved top quartile reliability, with some ranking in the top five among peers. The company also maintained a strong focus on safety, ending the year with top quartile performance on serious injury incident rate.

Job Creation and Economic Development

Exelon's investments are expected to create over 70,000 jobs and have already brought in an estimated $17 billion of projected capital investments from other companies, creating over 1,000 jobs in Northern Illinois.

Dividend Increase

Exelon announced an increase in its dividend to $1.60 per share, representing a 5.2% growth over the previous year.

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Exelon (EXC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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EXC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	0.71 / -	0.68	―	―	―
Feb 12, 2025	2024 (Q4)	0.59 / 0.64	0.6	6.67% (+0.04)
Oct 30, 2024	2024 (Q3)	0.68 / 0.71	0.67	5.97% (+0.04)
Aug 01, 2024	2024 (Q2)	0.40 / 0.47	0.41	14.63% (+0.06)
May 02, 2024	2024 (Q1)	0.70 / 0.68	0.7	-2.86% (-0.02)
Feb 21, 2024	2023 (Q4)	0.58 / 0.60	0.43	39.53% (+0.17)
Nov 02, 2023	2023 (Q3)	0.67 / 0.67	0.75	-10.67% (-0.08)
Aug 02, 2023	2023 (Q2)	0.41 / 0.41	0.44	-6.82% (-0.03)
May 03, 2023	2023 (Q1)	0.66 / 0.70	0.64	9.37% (+0.06)
Feb 14, 2023	2022 (Q4)	0.43 / 0.43	0.84	-48.81% (-0.41)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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EXC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	$42.36	$42.89	+1.25%
Oct 30, 2024	$39.16	$39.30	+0.36%
Aug 01, 2024	$36.46	$37.49	+2.83%
May 02, 2024	$36.72	$36.76	+0.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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