Exelon Reports 3Q Results

November 5, 2018

Among Exelon‘s Earnings Release Highlights: A GAAP Net Income of $0.76 per share and Adjusted (non-GAAP) Operating Earnings of $0.88 per share for the third quarter of 2018, while all of the company’s utilities “achieved top quartile reliability performance in outage frequency and outage duration.”

The company said it “raised the lower end of our guidance range for full year 2018 Adjusted (non-GAAP) Operating Earnings from $2.90 – $3.20 per share to $3.05 – $3.20 per share.”

And Exelon announced “additional annual cost savings of $200 million gross, and $150 million net, reflecting ongoing initiatives leveraging process efficiency and technology; full run-rate savings to be achieved in 2021.”

The PECO division (Philadelphia Electric Company), along with interested parties, filed a “partial settlement agreement for its distribution rate case on Aug. 28, 2018.”

See Exelon’s corrected earnings statement here.