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CHICAGO - On Wednesday, Exelon Corporation (NASDAQ: NASDAQ:EXC) reported better-than-expected fourth quarter results and provided an upbeat 2025 earnings forecast, sending shares up 1.27% in pre-market trading.
The utility company posted adjusted earnings per share of $0.64 for Q4 2024, surpassing the analyst consensus of $0.60. Revenue came in at $5.47 billion, well above estimates of $4.67 billion.
For the full year 2024, Exelon reported adjusted EPS of $2.50, up from $2.38 in 2023. Total (EPA:TTEF) revenue increased 4.8% YoY to $23.03 billion.
Looking ahead, Exelon introduced 2025 adjusted EPS guidance of $2.64-$2.74, exceeding the $2.63 analyst forecast at the midpoint. The company expects to invest $38 billion in capital expenditures over the next four years to support customer needs and grid reliability.
"Our commitment to our customers, grid reliability, community investment and being an economic engine in the regions we serve has positioned us as a leader in the energy transformation," said Exelon President and CEO Calvin Butler.
The company declared a quarterly dividend of $0.40 per share for Q1 2025, implying a total 2025 dividend representing about 60% of adjusted EPS.
Exelon serves more than 10.7 million customers through six regulated utilities across five states and the District of Columbia.
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