EXELON CORPORATION Reports Second Quarter Earnings Results for FY2023

🌥️Earnings Overview

Exelon Corporation ($NASDAQ:EXC) revealed their second quarter FY2023 earnings results, with total revenue amounting to USD 4818.0 million – a 13.7% increase from the same period in the preceding year. Unfortunately, net income for the quarter decreased by 26.2%, with a total of USD 343.0 million.

Share Price

This was the second consecutive quarter that EXELON CORPORATION reported positive earnings results, indicating a strengthening of the company’s financial performance. The company’s revenue in the quarter was significantly higher than in the previous quarter, due to strong performance from its regulated utilities. Operating expenses decreased significantly compared to the previous quarter, allowing the company to increase its earnings for the quarter. This increase was driven by higher revenues and lower operating expenses, as well as increased earnings from its regulated utility business.

Going forward, EXELON CORPORATION is expecting to continue its positive momentum for the rest of FY2023. The company is forecasting an increase in net income and return on invested capital for the year, driven by continued strong performance from its regulated utilities and other businesses. With its current financial strength and outlook, EXELON CORPORATION is well-positioned to capitalize on further growth in the coming quarters and years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Exelon Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Exelon Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Exelon Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Exelon Corporation are shown below. More…

Analysis

At GoodWhale, we have analyzed the fundamentals of EXELON CORPORATION. After our review, we have concluded that EXELON CORPORATION is a medium risk investment in terms of financial and business aspects. This conclusion has been reached after assessing the company’s Risk Rating. In addition, our analysis has identified two risk warnings in the income sheet and balance sheet. If you would like more information about these risk warnings, please register with us and we will provide you with further details. Overall, GoodWhale believes that EXELON CORPORATION is a company worth considering for investment, provided the right precautions and assessments are taken. More…

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

EXELON CORPORATION‘s second quarter of FY2023 saw an overall increase in revenue of 13.7% compared to the same period last year. However, net income decreased by 26.2% year over year, resulting in a total of USD 343.0 million. Investors should consider this quarter’s performance in the context of prior quarters and other factors such as market trends and the company’s financial health before making any investment decisions. Overall, EXELON CORPORATION’s results indicate potential for growth in the future with careful consideration given to its current performance.