Exelon Non-GAAP EPS of $0.43 in-line, revenue of $4.67B beats by $530M, introduces 2023 guidance
Exelon press release (NASDAQ:EXC): Q4 Non-GAAP EPS of $0.43 in-line.
Revenue of $4.67B (+5.7% Y/Y)  beats by $530M.
Introducing 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share vs consensus of $2.36, reflecting continued growth in the utilities
Projecting to invest $31.3 billion of capital expenditures over the next four years to meet customer needs, resulting in expected rate base growth of 7.9% and a fully regulated operating EPS* compounded annual growth of 6-8% from 2022 to 2026 off the midpoint of 2022 guidance

ComEd, PECO, and PHI ended the year with their best-on-record performances in SAIFI, and all gas utilities sustained top decile performance in gas odor response for the fourth straight quarter
Delmarva Power filed an electric distribution rate case with the Delaware Public Service Commission (DEPSC) in December, seeking an increase in base rates to support significant infrastructure investments to maintain safety, reliability, and service for customers
A settlement was approved in December by the Maryland Public Service Commission (MDPSC) in Delmarva Power Marylandâs first electric distribution Multi-Year Plan case
ComEd filed a Multi-Year Integrated Grid Plan and a Multi-Year Rate Plan with the Illinois Commerce Commission (ICC) in January, seeking an increase in base rates over the period of 2024 to 2027 to support the decarbonization goals under the stateâs Climate and Equitable Jobs Act (CEJA) and to ensure the transition to cleaner energy is reliable and equitable for all 9 million customers