Exelon Corporation Declares Regular Quarterly Dividend, Payable on March 10, 2015
Jan 27 15
The board of directors of Exelon Corporation declared a regular quarterly dividend of $0.31 per share on the company's common stock. The dividend will be payable on March 10, 2015, to shareholders of record of Exelon as of 5:00 p.m. New York Time on Feb. 13, 2015.
Exelon Corporation Announces Resignation of Nelson A. Diaz as Director
Jan 15 15
On January 15, 2015, Mr. Nelson A. Diaz, a director of Exelon Corporation informed the board of directors that he will not stand for re-election as a director of Exelon at the 2015 annual meeting of shareholders. Mr. Diaz's decision follows his announcement of his candidacy for the office of Mayor of Philadelphia.
Exelon Corporation Receives Contract for Supply of Dry Shielded Canisters
Dec 4 14
Exelon Corporation awarded a contract for supply of dry shielded canisters and horizontal storage modules to the Limerick generating station in Pennsylvania.
Exelon Corporation Names Mark Newcomer as Clinton Power Station's Site Vice President
Nov 12 14
Exelon Corporation announced that Mark Newcomer has been named as Clinton Power Station's site Vice President. Newcomer spent his entire nuclear career with Exelon, most recently as plant manager at Three Mile Island Generating Station in Middletown, Pa.
Exelon Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014; Expects to Report Impairment in Fourth Quarter of 2014
Oct 29 14
Exelon Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues of $6,912 million compared to $6,502 million a year ago. Operating income was $1,400 million compared to $1,254 million a year ago. Income before income taxes was $1,496 million compared to $1,175 million a year ago. Net income attributable to common shareholders was $993 million or $1.15 basic and diluted per share compared to $738 million or $0.86 basic and diluted per share a year ago. Non-GAAP operating revenues were $6,664 million compared to $6,412 million a year ago. Non-GAAP operating income was $1,218 million compared to $1,172 million a year ago. Non-GAAP income before income taxes was $1,063 million compared to $1,030 million a year ago. Non-GAAP net income attributable to common shareholders was $676 million or $0.78 basic and diluted per share compared to $667 million or $0.78 basic and diluted per share a year ago.
For the nine months, the company reported operating revenues of $20,173 million compared to $18,725 million a year ago. Operating income was $2,391 million compared to $2,767 million a year ago. Income before income taxes was $2,371 million compared to $1,968 million a year ago. Net income attributable to common shareholders was $1,604 million or $1.86 diluted per share compared to $1,224 million or $1.42 diluted per share a year ago. Non-GAAP operating revenues were $20,945 million compared to $19,187 million a year ago. Non-GAAP operating income was $2,944 million compared to $3,204 million a year ago. Non-GAAP income before income taxes was $2,476 million compared to $2,658 million a year ago. Non-GAAP net income attributable to common shareholders was $1,646 million or $1.91 diluted per diluted share compared to $1,722 million or $2.00 diluted per diluted share a year ago.
The company provided earnings guidance for the full year of 2014. For the year, the company is narrowing the full-year operating earnings guidance to $2.30 to $2.50 per share. The company projects cash from operations of nearly $7.5 billion, this compares to $6.975 billion last quarter. The variance is primarily driven by additional proceeds from asset divestitures.
The company expect to take an impairment loss of $350 million to $450 million, which will be reflected in the fourth quarter. This is non operating and will not impact full year EPS guidance.