NASDAQ$EXC

Exelon Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Exelon's Q4 2022 earnings were reported, with GAAP Net Income and Adjusted Operating Earnings at $0.43 per share.

Exelon Corporation reported its financial results for the fourth quarter and full year 2022, showcasing its ability as a pure transmission and distribution company. The company delivered strong financial results, with GAAP Net Income and Adjusted Operating Earnings of $0.43 per share for the fourth quarter of 2022.

  • GAAP Net Income and Adjusted (non-GAAP) Operating Earnings of $0.43 per share for the fourth quarter of 2022.
  • Initiating 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share, reflecting continued growth in the utilities.
  • Quarterly dividend of $0.36 per share declared for the first quarter of 2023, representing 6.7% growth over 2022 fourth quarter dividend.
  • Projecting to invest $31.3 billion of capital expenditures over the next four years to meet customer needs, resulting in expected rate base growth of 7.9%.

Headline financials

Total Revenue

$4.67B

Previous: $9.63B-51.5%
EPS (adj)

$0.43

Previous: $0.90-52.2%
Net Income

$432M

Previous: $391M+10.5%

Revenue & EPS history

Exelon · Revenue · Quarterly

$4.67B

Q4 2022-51.5%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Exelon · $4.68B total across 4 segments · Q4 2022

  • PHI
    $1.34B+13.1%
  • ComEd
    $1.23B-21.7%
  • BGE
    $1.09B+18.7%
  • PECO
    $1.03B+28.6%

Forward guidance

Exelon introduced a guidance range for 2023 Adjusted (non-GAAP) Operating Earnings of $2.30-$2.42 per share. The outlook for 2023 Adjusted (non-GAAP) Operating Earnings for Exelon and its subsidiaries excludes costs related to the separation.

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 Q4 2022

Historical avgQ4 2022

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro