EXELON CORPORATION Reports 13.7% YOY Increase in Total Revenue of USD 4818.0 Million for FY2023 Q2
August 21, 2023
☀️Earnings Overview
For the second quarter of FY2023, EXELON CORPORATION ($NASDAQ:EXC) reported an overall revenue of USD 4818.0 million, a 13.7% increase compared to the same period in the prior year. However, net income for the quarter experienced a decrease of 26.2%, amounting to USD 343.0 million.
Analysis
GoodWhale has conducted an analysis of EXELON CORPORATION’s fundamentals and has determined that it is a medium risk investment in terms of both financial and business aspects. In particular, GoodWhale’s Risk Rating has determined that there are two risk warnings on the company’s income sheet and balance sheet. If you would like to further review these warnings, please register with us for more detailed information. EXELON CORPORATION is an energy company that operates in the United States and Canada. It is involved in the generation, transmission, and distribution of electricity to residential, commercial, and industrial customers. As well as being an energy provider, EXELON also provides energy services and products such as nuclear fuel, engineering services, energy efficiency programs, risk management services, and power plant operations. At GoodWhale, we understand that investors want to make sure that their investments are sound and secure. That is why we offer a detailed review of the financial and business fundamentals of EXELON to provide our clients with the assurance they need. Our Risk Rating system has identified two potential risks on EXELON’s income sheet and balance sheet that may be of concern to investors. To gain further insight into these risks, we encourage you to register with us. We are happy to provide you with the information you need to make an informed decision about where to invest your money. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Exelon Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 19.89k | 2.12k | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Exelon Corporation. More…
| Operations | Investing | Financing |
| 3.39k | -7.32k | 3.13k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Exelon Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 98.08k | 73k | 25.2 |
Key Ratios Snapshot
Some of the financial key ratios for Exelon Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -15.8% | -4.8% | 20.1% |
| FCF Margin | ROE | ROA |
| -19.8% | 10.0% | 2.6% |
Peers
In the United States, the electric power industry is organized into regional transmission organizations (RTOs) and independent system operators (ISOs) that operate wholesale electricity markets. Exelon Corp, New Jersey Resources Corp, Public Service Enterprise Group Inc, and Consolidated Edison Inc are all major players in the electric power industry. These companies compete against each other to provide electricity to consumers in their respective service areas.
– New Jersey Resources Corp ($NYSE:NJR)
New Jersey Resources Corp is a publicly traded energy services holding company with subsidiaries that provide natural gas and electricity to residential, commercial, and industrial customers in New Jersey and Pennsylvania. The company also owns and operates a regulated interstate natural gas pipeline and a regulated interstate natural gas storage system. As of December 31, 2020, the company had 2,841 employees.
– Public Service Enterprise Group Inc ($NYSE:PEG)
Public Service Enterprise Group Inc (PSEG) is a publicly traded diversified energy company with a market cap of $27.57 billion as of 2022. The company is engaged in the generation, transmission, and distribution of electricity and natural gas. It also provides energy-related products and services through its subsidiaries. PSEG’s return on equity (ROE) was -5.39% as of 2022.
PSEG was founded in 1903 and is headquartered in Newark, New Jersey. The company operates in the United States and has approximately 10,000 employees. PSEG’s primary business segments include Electric Operations, Gas Operations, and Energy Resources & Trade.
Public Service Enterprise Group Inc is a large, diversified energy company with a long history. The company has a market cap of $27.57 billion and an ROE of -5.39%. PSEG operates in the electricity generation, transmission, and distribution business as well as the natural gas business. The company also provides energy-related products and services through its subsidiaries.
– Consolidated Edison Inc ($NYSE:ED)
Consolidated Edison Inc is a holding company that engages in the business of providing energy services through its subsidiaries. The company operates in four segments: electric, gas, steam, and other. It has a market cap of $29.44B as of 2022 and a return on equity of 8.28%.
The company was founded in 1884 and is headquartered in New York, NY.
Summary
For investors considering EXELON CORPORATION, the company reported strong revenue growth of 13.7% in the second quarter of FY2023 compared to the same period last year, reaching USD 4818.0 million. However, net income decreased by 26.2% to USD 343.0 million for the same period. This suggests that while the company’s sales may have been buoyed by increased demand, operating expenses such as costs of goods sold and administrative costs kept profitability down. Going forward, investors will want to monitor whether EXELON CORPORATION can reduce costs and boost net income while maintaining strong revenue growth.
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