Exelon's (EXC) Q2 Earnings And Revenues Miss Estimates

Exelon Corporation Price, Consensus and EPS Surprise

Exelon Corporation price-consensus-eps-surprise-chart | Exelon Corporation Quote

Highlights of the Release

Exelon's total operating expenses decreased 3.6% year over year to $6,881 million. The decline in total expenses was due to lower power and fuel costs, as well as operating and maintenance expenses.

Interest expenses were $409 million, up 9.6% from $373 million in the year-ago quarter.

In the reported quarter, the company efficiently serviced more electric and natural gas customers than the year-ago period.

Hedges

Exelon's hedging program involves safeguarding of commodity risks for expected generation, typically on a ratable basis, over a three-year period. The proportion of expected generation hedged as of Jun 30 was 92-95% for 2019, 70-73% for 2020 and 40-43% for 2021.

Financial Highlights

Cash and cash equivalents were $735 million as of Jun 30, 2019 compared with $1,349 million on Dec 31, 2018.

Long-term debt was $31,909 million as of Jun 30, 2019 compared with $34,075 million on Dec 31, 2018.

Cash from operating activities in the first half of 2019 was $2,898 million compared with $3,869 million in the comparable year-ago period.

Zacks Rank

Exelon currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Releases

NextEra Energy, Inc. (NYSE:NEE) reported second-quarter 2019 adjusted earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.28 by 3.1%.

Dominion Energy Inc. (NYSE:D) reported second-quarter 2019 operating earnings of 77 cents per share, beating the Zacks Consensus Estimate of 75 cents by 2.6%.

Eversource Energy (NYSE:ES) reported second-quarter 2019 operating earnings of 74 cents per share, beating the Zacks Consensus Estimate by a penny.

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