Exelon Corporation (NASDAQ:EXC) Q3 2024 Earnings Call October 30, 2024 10:00 AM ET
Company Participants
Andrew Plenge - Vice President, Investor Relations
Calvin Butler - President and Chief Executive Officer
Jeanne Jones - Chief Financial Officer
Colette Honorable - Executive Vice President, Public Policy and Chief External Affairs Officer
Mike Innocenzo - Chief Operating Officer
Conference Call Participants
Nick Campanella - Barclays
Julien Dumoulin-Smith - Jefferies LLC
Shar Pourreza - Guggenheim Partners
Steve Fleishman - Wolfe
Ross Fowler - Bank of America
Operator
Hello and welcome to Exelon’s Third Quarter Earnings Call. My name is Gigi and I’ll be your event specialist today. [Operator Instructions] It is now my pleasure to turn today’s program over to Andrew Plenge, Vice President of Investor Relations. The floor is yours.
Andrew Plenge
Thank you, Gigi. Good morning, everyone. We’re pleased to have you with us for our 2024 third quarter earnings call. Leading the call today are Calvin Butler, Exelon’s President and Chief Executive Officer and Jeanne Jones, Exelon’s Chief Financial Officer. Other members of Exelon’s senior management team are also with us today, and they will be available to answer your questions following our prepared remarks.
Today’s presentation, along with our earnings release and other financial information can be found in the Investor Relations section of Exelon’s website. We would also like to remind you that today’s presentation and the associated earnings release materials contain forward-looking statements, which are subject to risks and uncertainties. You can find the cautionary statements on these risks on Slide 2 of today’s presentation or in our SEC filings. In addition, today’s presentation includes references to adjusted operating earnings and other non-GAAP measures. Reconciliations between these measures and the nearest equivalent GAAP measures can be found in the appendix of our presentation and in our earnings release.
It is now my pleasure to turn the call over to Calvin Butler, Exelon’s President and CEO.
Calvin Butler
Thank you, Andrew and good morning everyone. We appreciate you joining us for the call and are pleased to be reporting a solid quarter of earnings and operational performance, keeping us on track for another year of consistent and stable performance.
We reported GAAP earnings of $0.70 per share and operating earnings of $0.71 per share, above the expectations shared on our second quarter call. We delivered another strong quarter of operations despite significant storm activity in July, with top quartile or better outage performance across the board. We have also made considerable progress on our 2024 regulatory calendar since the second quarter call.