Exelon Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Exelon (NASDAQ:EXC) Full Year 2024 Results

Key Financial Results

• Revenue: US$23.0b (up 6.0% from FY 2023).
• Net income: US$2.46b (up 5.7% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: US$2.45 (up from US$2.34 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Exelon Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Commonwealth Edison Company (ComEd) segment contributing a total revenue of US$8.22b (36% of total revenue). Notably, cost of sales worth US$13.6b amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$3.59b (52% of total expenses). Explore how EXC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Exelon (1 is significant!) that we have uncovered.

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