What is Exelon Corporation Net Worth and Financial Performance in 2024

Exelon Corporation net worth has been on the radar for many financial analysts in 2024.

Here at Ando Money, we take a deep dive into the company’s financial performance, exploring its revenue, earnings, and the roles of key subsidiaries.

Let’s break down what makes this utility giant one of the most discussed companies in the sector.

Quick Facts

What is the Net Worth/Market Cap of Exelon Corporation in 2024?

As of October 2024, Exelon Corporation has a market cap of $40.23 billion. This valuation places it as one of the prominent companies in the global utility sector.

In comparison to other corporations, Exelon is quite valuable. When measured against peers or other related companies, its financial size and influence become apparent.

Below is a list of some companies related to Exelon, either as competitors or operating within the same industry.

• NextEra Energy
• Dominion Energy
• Duke Energy
• Southern Company
• Public Service Enterprise Group
• American Electric Power
• Consolidated Edison
• Sempra Energy
• Entergy Corporation
• National Grid

For further insights on the financial standings of other utility companies and beyond, explore this ranking of top-valued companies.

Exelon Corporation Financial Performance Overview

Key Financial Performance

Exelon‘s financial performance has shown significant improvement in the last year. In Q2 2024, the GAAP net income increased to $0.45 per share, up from $0.34 per share in Q2 2023.

Furthermore, the adjusted operating earnings (non-GAAP) reached $0.47 per share, demonstrating growth from the previous year’s $0.41 per share.

The reaffirmed full-year adjusted earnings guidance is expected to be between $2.40 and $2.50 per share. This consistent upward trend is a testament to the company’s robust operational and financial strategies.

Revenue Contributions from Major Subsidiaries

Exelon’s revenue growth is largely driven by its key subsidiaries:

• ComEd contributed $285 million in adjusted operating earnings for Q2 2024, benefiting from higher transmission peak loads and rate base adjustments.
• PECO posted adjusted operating earnings of $93 million, affected slightly by increases in interest and depreciation expenses.
• BGE added $45 million to the adjusted operating earnings, with increased distribution rate revenues balancing out interest and depreciation expenses.
• PHI delivered $162 million in adjusted earnings, supported by favorable regulatory developments and rate increases.

Each subsidiary plays a strategic role in Exelon’s overall financial health, with their combined performance contributing to the company’s sustained growth.

Operating Expenses and Cost Management

Operating costs have been managed efficiently, though some increases have been noted. Exelon’s operating and maintenance expenses totaled $1.209 billion for Q2 2024.

The company also faced higher interest expenses across its subsidiaries, notably at PECO and BGE, which impacted overall costs.

Depreciation and amortization accounted for $894 million, reflecting ongoing investments in infrastructure and operations.

Despite these expenses, Exelon continues to effectively manage costs through disciplined financial planning.

Financial Strategies and Investments

Exelon’s financial strategy includes robust investments and financing activities.

• Debt and Financing Activities: Notably, ComEd and BGE issued $800 million in bonds and notes each in early 2024. The proceeds were used to repay existing debt, commercial paper obligations, and support general corporate purposes.
• Infrastructure Investments: Exelon has made strategic investments to enhance utility reliability and meet the growing demand. These investments are directed towards improving grid performance and ensuring a stable supply of energy.

Earnings Per Share (EPS) and Dividend Trends

One of the highlights of Exelon’s financial performance is its Earnings Per Share (EPS), which grew consistently over the last year.

The company has also shown commitment to its shareholders by maintaining a quarterly dividend.

On July 30, 2024, a $0.38 per share dividend was declared, payable in September 2024. This reflects the company’s healthy cash flow and solid financial footing.

Factors Driving Revenue Growth

Several factors have driven Exelon’s revenue growth:

• Rate Increases and Regulatory Approvals: Rate hikes across multiple regions, including Pepco and BGE, have significantly contributed to revenue.
• Customer Growth and Utility Demand: As the demand for energy has risen, so have the company’s earnings from higher transmission and distribution.
• Seasonal Influences: Weather conditions have also played a crucial role, with favorable weather at PECO positively affecting revenue.

Challenges and Risk Factors Impacting Financial Performance

While Exelon has maintained growth, some challenges persist. Regulatory changes can influence rate approvals, and fluctuations in energy prices and operating costs could impact margins.

Furthermore, higher interest rates pose potential challenges for debt servicing.

FAQs about Exelon Corporation

What Are the Key Subsidiaries of Exelon Corporation?

Exelon operates through several key subsidiaries, including ComEd, PECO, BGE, and PHI, each contributing significantly to the corporation’s revenue.

How Does Exelon Ensure Utility Reliability?

The company achieves top-tier reliability through strategic investments in infrastructure, operational improvements, and proactive measures to minimize outages and disruptions.

How Did Exelon’s Revenue Perform in Q2 2024?

It reported total revenues of $5.361 billion in Q2 2024, showing a consistent growth pattern driven by strong utility demand and favorable rate developments.

What Is Exelon’s Dividend Policy?

Exelon’s dividend policy focuses on regular quarterly payments to shareholders, with a recent dividend declared at $0.38 per share, payable on September 13, 2024.

Who Is the Current CEO of Exelon Corporation?

Calvin Butler currently serves as the Chief Executive Officer, overseeing the strategic direction and operational performance of Exelon.

Conclusion

For those interested in financial insights on leading companies, Exelon Corporation stands out for its financial performance and strategic growth.

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