Exelon Corp. (NYSE: EXC) reported Q4 EPS of $0.55, $0.05 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $8.38 billion versus the consensus estimate of $8.22 billion.

• Exelon reported GAAP Net Income of $1.94 per share and $3.97 per share for the fourth quarter and full year 2017, respectively, and Adjusted (non-GAAP) Operating Earnings of $0.55 per share and $2.60 per share for the fourth quarter and full year 2017, respectively.
• Exelon introduces a 2018 Adjusted (non-GAAP) Operating Earnings guidance range of $2.90 - $3.20 per share, reflecting growth in Utilities, full year recognition of both Illinois and New York ZEC revenue and the impact of tax reform.
• Exelon\'s Board of Directors increased the annual dividend growth rate to 5 percent from 2.5 percent, effective in the first quarter of 2018.
• Exelon Utilities project capital expenditures of $21 billion over the next 4 years to improve service and benefit customers, supporting over 7 percent annual rate base growth.
• Exelon Generation projects free cash flow before growth capex of $7.6 billion over the next 4 years, supporting Exelon\'s priorities of Utility reinvestment and debt reduction.
• Quad Cities Units 1 & 2 and Clinton Unit 1 were winning bidders in Illinois ZEC procurement.

GUIDANCE:

Exelon Corp. sees FY2018 EPS of $2.90-$3.20, versus the consensus of $2.96.

For earnings history and earnings-related data on Exelon Corp. (EXC) click here.