Exelon (EXC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the current quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential increase and the year-over-year gain both reflect higher reported revenue.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the current quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential increase and the year-over-year gain both reflect higher reported revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
+12.6%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $4.8B | +13.7% |
| Sep 30, 2023 | $6B | +23.4% |
| Dec 31, 2023 | $5.4B | +15.0% |
| Mar 31, 2024 | $6B | +8.6% |
Revenue performance
Reported revenue increased during the quarter, marking a continuation of the upward trend seen in recent periods.
Quarterly comparison
Revenue was higher than in the immediately preceding quarter and also exceeded the level reported for the same quarter a year ago. Both comparisons show a positive change.
What to watch
The company’s applications for Smart Grid Grants under the Infrastructure Investment and Jobs Act remain pending, and the ultimate timing and success of securing funding are uncertain.