NASDAQ$EXC

Exelon Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported mixed third quarter 2021 results with GAAP Net Income of $1.23 per share and Adjusted (non-GAAP) Operating Earnings of $1.09 per share.

Exelon Corporation reported mixed results for the third quarter of 2021. GAAP Net Income increased to $1.23 per share, while Adjusted (non-GAAP) Operating Earnings increased to $1.09 per share. The company narrowed its guidance range for full year 2021 Adjusted (non-GAAP) Operating Earnings from $2.60-$3.00 per share to $2.70-$2.90 per share.

  • GAAP Net Income of $1.23 per share and Adjusted (non-GAAP) Operating Earnings of $1.09 per share for the third quarter of 2021
  • Narrowing guidance range for full year 2021 Adjusted (non-GAAP) Operating Earnings from $2.60-$3.00 per share to $2.70-$2.90 per share
  • Generation’s nuclear fleet capacity factor was 96.0% (owned and operated units)
  • Federal Energy Regulatory Commission (FERC) approved the planned separation of Generation in August

Headline financials

Total Revenue

$8.91B

Previous: $8.85B+0.6%
EPS (adj)

$1.09

Previous: $1.04+4.8%
Capital Expenditures

-$1.93B

Previous: -$1.83B-5.3%
Free Cash Flow

-$701M

Previous: -$1.26B+44.5%
Net Income

$1.23B

Previous: $569M+116.0%
Operating Income

$1.86B

Previous: $769M+141.6%
Gross Profit

$7.17B

Previous: $7.45B-3.7%
Cash & Equivalents

$2.96B

Previous: $1.86B+59.1%
Total Assets

$133B

Previous: $128B+3.8%

Revenue & EPS history

Exelon · Revenue · Quarterly

$8.91B

Q3 2021+0.6%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Exelon · $4.85B total across 4 segments · Q3 2021

  • ComEd
    $1.79B+8.9%
  • PHI
    $1.47B+7.5%
  • PECO
    $818M+0.6%
  • BGE
    $770M+5.3%

Forward guidance

Based on our results to date, we are narrowing our 2021 earnings per share guidance range to $2.70 to $2.90 per share from $2.60 to $3.00 per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.8%

Avg return

30 days after

44%

31 / 71 earnings

Positive

+7.0%

Q4 2015

Best reaction

-8.4%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-4.5%-0.9%
Q4 2025+7.0%+8.1%+12.1%
Q3 2025+0.3%+0.0%-5.0%
Q2 2025+1.5%+1.0%-1.3%
Q1 2025-0.6%-1.3%-6.6%
Q4 2024+1.3%+1.2%+4.3%
Q3 2024-0.6%-4.0%+0.0%
Q2 2024+4.2%+1.0%+2.4%
Q1 2024-1.1%+0.2%-0.8%
Q4 2023+3.7%+2.6%+5.7%
Q3 2023+2.6%+0.5%-1.4%
Q2 2023-2.3%-3.6%-3.6%
Q1 2023-0.0%+0.5%-6.8%
Q4 2022+3.6%+4.5%+2.3%
Q3 2022-2.3%-0.9%+9.0%
Q2 2022-1.7%-1.9%-3.8%
Q1 2022-0.6%-0.7%+2.4%
Q4 2021+3.1%+3.5%+10.2%
Q3 2021+0.7%-1.2%-1.9%
Q2 2021+0.6%+0.1%+5.1%
Q1 2021-0.7%-0.6%+1.8%
Q4 2020-4.6%-3.7%+6.7%
Q3 2020+3.1%+4.6%+0.2%
Q2 2020-0.7%+2.5%-1.8%
Q1 2020+6.4%+1.8%+15.2%
Q4 2019+2.0%+3.0%-27.0%
Q3 2019-2.8%-4.0%-4.8%
Q2 2019-0.7%+0.3%+4.9%
Q1 2019-0.8%-2.4%-4.4%
Q4 2018-0.7%-0.5%+1.4%
Q3 2018-0.9%+1.1%+5.9%
Q2 2018+1.2%+1.8%+4.1%
Q1 2018+1.7%+2.9%+2.1%
Q4 2017-1.3%+1.9%+2.8%
Q3 2017+2.0%+2.8%+4.2%
Q2 2017-0.3%-0.9%-2.6%
Q1 2017-1.2%-0.6%+6.2%
Q4 2016-3.2%-2.5%-0.1%
Q3 2016+1.1%+3.6%-1.0%
Q2 2016-1.6%-3.2%-3.5%
Q1 2016-0.4%
Q4 2015+7.0%
Q3 2015-0.8%
Q2 2015+2.1%
Q1 2015+0.9%
Q4 2014-3.9%
Q3 2014+2.7%
Q2 2014+1.7%
Q1 2014-0.5%
Q4 2013+2.0%
Q3 2013+1.8%
Q2 2013-2.1%
Q1 2013-3.1%
Q4 2012+0.3%
Q3 2012-8.4%
Q2 2012-3.0%
Q1 2012-1.6%
Q4 2011-0.9%
Q3 2011+4.5%
Q2 2011+0.9%
Q1 2011+2.5%
Q4 2010-2.4%
Q3 2010-5.0%
Q2 2010-2.2%
Q4 2009-0.1%
Q1 2009-0.1%
Q1 2010+0.7%
Q3 2009-4.4%
Q2 2009-2.4%
Q2 2008-2.4%
Q4 2008-2.4%

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