Fri, May 6, 11:25 AM
- Exelon (EXC -0.3%) says it will close its Clinton, Ill., plant and its Quad Cities nuclear power plant based near Cordova, Ill., unless Illinois passes “adequate legislation” by the end of the month that provides funding and support for nuclear and solar power.
- EXC believes the reactors should be given special compensation because they are important to local economies and the electrical grid’s stability, and because they do not emit greenhouse gases or other pollutants.
- EXC also says the Quad Cities plant needs to be successful in an auction for long-term contracts; the results of the auction for 2019-20 contracts come out on May 24.
- EXC also reported in-line Q1 earnings on $7.57B in revenue, down 14% Y/Y.
- Now read Avoid investing in Exelon
Fri, May 6, 8:06 AM
Thu, May 5, 5:30 PM
Wed, Feb. 3, 8:07 AM
- Exelon (NYSE:EXC): Q4 EPS of $0.38 misses by $0.03.
- Revenue of $6.68B (-3.7% Y/Y) beats by $940M.
Tue, Feb. 2, 5:30 PM
Oct. 30, 2015, 8:01 AM
- Exelon (NYSE:EXC): Q3 EPS of $0.83 beats by $0.11.
- Revenue of $7.41B (+11.3% Y/Y) beats by $810M.
Oct. 29, 2015, 5:30 PM| Oct. 29, 2015, 5:30 PM | 19 Comments
Jul. 29, 2015, 3:27 PM
- Exelon (EXC +0.5%) is higher after reporting Q2 earnings and revenues that were improved from a year ago and surpassed analyst estimates.
- EXC recorded a $143M hedging-related gain in the quarter, after taking an $8M hedging-related hit in last year's Q2, the gain added $0.16 to EPS, whereas hedging activity shaved a penny off the prior-year period’s result.
- Weather was mostly a negative factor in Q2, especially in the ComEd segment, which services nearly 4M customers in Illinois and is EXC’s largest, as profit fell 11% Y/Y to $99M.
- Q2 profit at the company’s PECO segment, which provides electricity and natural gas to ~2.1M customers in southeastern Pennsylvania, fell 17%.
- EXC also says it and Pepco Holdings have extended the termination date for EXC's proposed $6.8B takeover to Oct. 29 from July 29; the merger still needs approval from the Public Service Commission of the District of Columbia.
Jul. 29, 2015, 8:12 AM
- Exelon (NYSE:EXC): Q2 EPS of $0.59 beats by $0.05.
- Revenue of $6.51B (+5.2% Y/Y) beats by $630M.
- Shares +0.3% PM.
Jul. 28, 2015, 5:30 PM
- ACCO, ADT, AMED, AMT, ANTM, APO, AVY, BAH, BDC, BEN, BGCP, BOKF, CARB, CBG, CDK, CFR, CHH, CLF, CRI, DATA, DIN, DORM, DXYN, ESIO, ETN, EVER, EXC, FDML, FLY, GCI, GD, GEL, GIB, GRA, GRMN, GT, GTI, HCBK, HES, HLT, HSIC, HSP, HTA, HUM, HUN, IP, IRT, JAH, JLL, LFUS, LVLT, MA, MDCO, MO, MTH, MTOR, MVIS, NOC, PAG, PCG, PX, Q, RES, ROK, ROL, SAIA, SLAB, SNCR, SO, SONS, SPIL, SPR, SPW, SSE, STNG, STRA, STRZA, TGI, TRI, UBSI, UMC, VNTV, WEC, WEX, WILN, WOOF
Apr. 29, 2015, 3:48 PM
- Exelon (EXC +0.3%) is higher after reporting better than expected Q1 earnings and revenues amid a strong performance in its Pennsylvania business and a big swing in hedging-related activity.
- EXC's Q1 included a $100M hedging-related gain after taking a $443M hit in last year's Q1 from hedging activity, adding $0.11/share to Q1 2015 earnings after knocking $0.52 off last year’s result.
- Weather was a mixed factor during Q1, as adjusted profit at the PECO segment, which provides electricity and natural gas to ~2.1M customers in southeast Pennsylvania, jumped 57% Y/Y to $140M as heating degree-days in the market rose 3.2% and were 18.4% above normal, with natural gas deliveries rising 4.9%; however, profit at the ComEd segment, which services nearly 4M customers in Illinois, slid 6.1% to $92M as heating degree-days fell 6.2% and total electric deliveries decreased 3.5%.
- EXC's generation segment, which includes nuclear energy and provides power to customers in Illinois, Pennsylvania, Maryland, New Jersey and New York, swung to a $443M profit, up from a $185M loss a year ago.
- In its earnings conference call, EXC dismissed rumors that Maryland’s governor is against the planned $6.8B purchase of Pepco (NYSE:POM) and said it expects a successful outcome; a successful deal would boost EXC’s base by 2M accounts to 10M in five states and D.C.
Apr. 29, 2015, 8:03 AM
- Exelon (NYSE:EXC): Q1 EPS of $0.71 beats by $0.02.
- Revenue of $8.64B (+6.8% Y/Y) beats by $1.57B.
Apr. 28, 2015, 5:30 PM
- ABB, ACCO, ADT, AME, AMED, ANTM, AVY, BC, BEN, BGCP, BOKF, CBG, CCJ, CFR, CRI, CVE, DHX, DX, DXYN, EDR, ETN, EVER, EXC, FCAU, FCH, FDML, FI, FUN, GD, GEL, GIB, GRMN, GRUB, GT, HCBK, HERO, HES, HLT, HOT, HUM, ICON, IDCC, IP, ISSI, LFUS, LINE, LL, LVLT, MA, MDLZ, MTOR, MWV, NEE, NOC, NSC, NYCB, OCR, PCG, PX, Q, RES, ROL, SAIA, SAVE, SLAB, SLGN, SNCR, SO, SPIL, SPR, SPW, TRI, TWX, UMC, VRX, WEX, WM, WOOF
Feb. 13, 2015, 8:58 AM
- Exelon (NYSE:EXC) +3% premarket after reporting lower than expected Q4 earnings amid unfavorable weather, though revenue came in above analyst estimates.
- Profit at EXC's PECO segment, which does electricity and retail natural gas transmission in southeast Pennsylvania, fell 3.9% Y/Y to $98M.
- Earnings at the ComEd segment, which consists of electricity transmission and distribution operations in Northern Illinois, fell 33% to $73M.
- EXC's generation segment swung to a loss of $91M from a year-earlier profit of $269M.
- EXC issues in-line guidance for FY 2015, seeing EPS of $2.25-$2.55 vs. $2.49 analyst consensus estimate.
Feb. 13, 2015, 8:03 AM
- Exelon (NYSE:EXC): Q4 EPS of $0.48 misses by $0.03.
- Revenue of $6.94B (+11.0% Y/Y) beats by $1.12B.
Exelon Corp. operates as a utility services holding company that is engaged, through Generation, in the energy generation business, and through ComEd, PECO and BGE. The company operates its business through nine segments consisting of Generation's six power marketing reportable segments Mid... More
Industry: Diversified Utilities
Country: United States
Other News & PR