Exelon Corp. (EXC) Tops Q4 EPS by 10c, Revenues Beat; Initiates FY20 EPS Mid-Point Guidance Above Consensus
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Exelon Reports Fourth Quarter and Full Year 2019 Results and Initiates 2020 Financial Outlook
February 11, 2020 6:50 AM ESTExelon's GAAP Net Income for the fourth quarter of 2019 increased to $0.79 per share from $0.16 per share in the fourth quarter of 2018. Adjusted (non-GAAP) Operating Earnings increased to $0.83 per share in the fourth quarter of 2019 from $0.58 per share in the fourth quarter of 2018 Exelon introduces 2020 adjusted (non-GAAP) operating earnings guidance range of $3.00-$3.30 per share, reflecting growth in Utilities, offset by lower realized energy and capacity revenues Exelon Utilities project capital expenditures of $26 billion over the next four years to benefit its customers, supporting 7.3% annual rate base growth All four utilities ended... More
