Free Post Earnings Research Report: Exelon’s Q1 Earnings Beat Expectations

Stock Monitor: ALLETE Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 1, 2018 / If you want access to our free earnings report on Exelon Corp. (NYSE: EXC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=EXC. The Company posted its financial results on May 01, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company reported a y-o-y rise in its non-GAAP operating revenues and adjusted diluted earnings per share (EPS), outperforming market consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for ALLETE, Inc. (NYSE: ALE), which also belongs to the Utilities sector as the Company Exelon. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Exelon most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q1 FY18, Exelon’s GAAP operating revenues were $9.69 billion, which came in above the $8.75 billion recorded at the end of Q1 FY17. The Company’s non-GAAP operating revenues were $9.79 billion in Q1 FY18 compared to $8.71 billion in the prior year’s same quarter. Moreover, the Company’s non-GAAP operating revenue numbers for the reported quarter topped market expectations of $9.02 billion.

The energy Company reported a net income attributable to common shareholders of $585 million, or $0.60 per diluted share, in Q1 FY18 compared to $990 million, or $1.06 per diluted share, in Q1 FY17. The Company’s non-GAAP net income attributable to common shareholders increased to $925 million, or $0.96 per diluted share, in Q1 FY18 from $600 million, or $0.64 per diluted share, in the previous year’s comparable quarter. Meanwhile, market analysts had forecasted the Company to report non-GAAP operating earnings of $0.93 per diluted share for Q1 FY18.

Operating Metrics

During Q1 FY18, the Chicago, Illinois-based Company spent $4.73 billion on power and fuel compared to $3.90 billion in Q1 FY17. The Company operating and maintenance expenses were $2.38 billion in Q1 FY18 versus $2.44 billion in the previous year’s corresponding quarter. Exelon’s total operating expenses increased to $8.65 billion during Q1 FY18 from $7.67 billion in Q1 FY17. Meanwhile, the Company reported an operating income of $1.10 billion in Q1 FY18, which came in higher than $1.31 billion in Q1 FY17.

Segment Performance

During Q1 FY18, Exelon’s Generation segment’s operating revenues came in at $5.51 billion compared to $4.88 billion in Q1 FY17. The segment’s operating income was $347 million in Q1 FY18 compared to $373 million in the year ago same period. The segment’s net income declined to $186 million in the reported quarter from $399 million in Q1 FY17.

Exelon’s ComEd segment reported operating revenues of $1.51 billion in Q1 FY18, rising from $1.30 billion in the last year’s comparable period. The segment posted an operating income of $292 million in Q1 FY18 compared to $314 million in Q1 FY17. The segment’s net income came in at $165 million in Q1 FY18 compared to $141 million in Q1 FY17.

The Company’s PECO segment’s operating revenues were $866 million in the reported quarter, up from $796 million in Q1 FY17. The segment’s operating income fell to $142 million in Q1 FY18 compared to $192 million in Q1 FY17. Furthermore, the segment’s net income also fell to $113 million in Q1 FY18 from $127 million in the prior year’s corresponding quarter.

For Q1 FY18, Exelon’s BGE segment posted operating revenues of $977 million, which came in above $951 million in Q1 FY17. The segment’s operating income was $177 million in Q1 FY18 compared to $228 million in Q1 FY17. Moreover, the segment’s net income came in at $128 million in Q1 FY18, up from $125 million in Q1 FY17.

Exelon’s PHI segment’s generated operating revenues of $1.25 billion in Q1 FY18, rising from $1.12 billion in the year ago same quarter. The segment reported an operating income of $126 million in Q1 FY18 versus $180 million in Q1 FY17. Additionally, the segment’s net income declined to $65 million in Q1 FY18 from $140 million in Q1 FY17.

Cash Matters

For the three months ended March 31, 2018, Exelon generated cash from operations of $1.50 billion versus $1.07 billion in the prior year’s comparable period. The Company’s cash, cash equivalents, and restricted cash balance stood at $1.10 billion as on March 31, 2018, compared to $1.19 billion at the close of books on December 31, 2017. The Company reported a long-term debt of $32.91 billion as on March 31, 2018, compared to $32.18 billion as on December 31, 2017.

Dividend

In a separate press release on April 30, 2018, Exelon’s Board of Directors declared a quarterly dividend of $0.345 per share on its common stock. The dividend is payable on June 08, 2018, to shareholders of record as on May 15, 2018.

Stock Performance Snapshot

May 31, 2018 – At Thursday’s closing bell, Exelon’s stock slightly rose 0.41%, ending the trading session at $41.39.

Volume traded for the day: 6.17 million shares, which was above the 3-month average volume of 5.93 million shares.

Stock performance in the last month – up 3.09%; previous three-month period – up 12.05%; past twelve-month period – up 13.99%; and year-to-date – up 5.02%

After yesterday’s close, Exelon’s market cap was at $39.98 billion.

Price to Earnings (P/E) ratio was at 11.90.

The stock has a dividend yield of 3.33%.

The stock is part of the Utilities sector, categorized under the Diversified Utilities industry.

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