Exelon Q4 Highlights: Earnings Exceed Projections, Dividend Hike & More

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Exelon Corp (NASDAQ:EXC) reported fourth-quarter fiscal 2023 operating revenue growth of 15% year-over-year to $5.37 billion, beating the estimates of $4.17 billion.

Adjusted EPS improved to $0.60 from $0.43 in 2022, beating the estimate of $0.58.

ComEd’s Adjusted Operating Earnings increased to $269 million from $211 million YoY, primarily due to increases in electric distribution formula rate earnings.

PECO’s Adjusted Operating Earnings increased to $154 million from $102 million YoY, primarily due to distribution rate increases and favorable impacts from lower storm costs.

BGE’s Adjusted Operating Earnings increased to $199 million from $114 million YoY, primarily due to favorable impacts of the multi-year plans, including the recognition of the reconciliation …

Full story available on Benzinga.com


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