Exelon Corp

EXC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$62.00	Jymzly	Qcfktwk

Exelon Earnings: Rate Increases and Revenue Decoupling Support Exelon's Earnings During Mild Winter

Andrew Bischof

May 3, 2023

We are reaffirming our $41 per share fair value estimate after Exelon reported first-quarter adjusted earnings per share of $0.70 up from $0.64 in the same year-ago period. Management reaffirmed 2023 full-year earnings guidance of $2.30 to $2.42 per share, in line with our estimate.

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