Exelon (NASDAQ:EXC) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Exelon (NASDAQ:EXC) announced its earnings results on Thursday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01), FiscalAI reports. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. Exelon updated its FY 2026 guidance to 2.810-2.910 EPS.

Here are the key takeaways from Exelon’s conference call:

• Exelon reported second-quarter adjusted operating earnings of $0.43 per share, up from $0.39 a year earlier, and reaffirmed its 2026 guidance of $2.81–$2.91 per share.
• The company continues to target 5%–7% annualized earnings growth through 2029, supported by approximately 7.9% annualized rate-base growth, disciplined cost management, and a planned $10 billion of 2026 capital investment.
• Exelon is advancing growth opportunities in transmission, battery storage, and virtual power plants to address PJM’s supply constraints; its proposed 500-MW New Jersey battery project represents roughly $1 billion of investment and is expected to provide customers with more than $700 million in net benefits.
• PJM experienced record demand and significant price spikes during July heat, while its latest capacity auction again cleared at the price cap and fell short of reliability requirements, underscoring both a need for new supply and potential affordability pressure for customers.
• Exelon reduced its high-probability data-center pipeline estimate to 36 GW from 43 GW after filtering out speculative projects, although management said its $41 billion 2026–2029 capital plan remains unchanged and cited $1 billion of collateral backing projects with signed transmission security agreements.

Exelon Stock Up 0.8%

EXC traded up $0.38 during trading on Friday, hitting $45.95. 3,662,681 shares of the company’s stock were exchanged, compared to its average volume of 8,705,729. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average is $46.32 and its two-hundred day moving average is $46.59. Exelon has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. The stock has a market cap of $47.02 billion, a P/E ratio of 16.83, a PEG ratio of 2.85 and a beta of 0.31.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon’s payout ratio is 61.54%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Motiv8 Investments LLC bought a new stake in Exelon during the fourth quarter worth $25,000. Advocate Investing Services LLC purchased a new stake in shares of Exelon in the fourth quarter valued at about $30,000. EFG International AG bought a new position in shares of Exelon during the fourth quarter valued at about $33,000. Birchwood Financial Partners Inc. bought a new position in shares of Exelon during the fourth quarter valued at about $35,000. Finally, Sfam LLC purchased a new position in Exelon during the fourth quarter worth about $57,000. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EXC shares. Royal Bank Of Canada reduced their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Truist Financial upped their price target on shares of Exelon from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Barclays cut shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $50.00 to $49.00 in a research report on Friday, April 17th. Finally, Mizuho set a $48.00 price objective on Exelon and gave the stock a “neutral” rating in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.33.

Exelon News Summary

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Exelon reported second-quarter adjusted EPS of $0.43, up from $0.39 a year earlier and broadly in line with expectations. Revenue rose 10% year over year to $5.97 billion, exceeding the $5.44 billion consensus estimate, helped by higher utility rates and solid operating performance. Exelon’s Q2 Earnings In Line With Estimates, Revenues Rise Y/Y
• Positive Sentiment: The company reaffirmed its fiscal 2026 EPS guidance of $2.81 to $2.91, which brackets the $2.86 analyst consensus, reducing the risk of a near-term outlook downgrade. Exelon also maintained its five-year, $41 billion capital-investment plan through 2029. Exelon maintains 2029 investment plan after screening data-center requests
• Neutral Sentiment: The quarter was operationally solid, but the small EPS shortfall versus some estimates—$0.43 reported versus $0.44 consensus—limits the strength of the earnings catalyst. Exelon quarterly earnings results
• Negative Sentiment: Exelon reduced its overall data-center demand pipeline by 16% after screening project requests, as opposition to AI facilities grows across the United States. The revision may temper expectations for incremental electricity-load growth, although the core investment plan remains intact. Exelon’s Data Center Pipeline Cut as AI Projects Face Pushback
• Negative Sentiment: Wall Street analysts remain cautious because Exelon has underperformed the broader market over the past year, potentially limiting enthusiasm despite the earnings growth and stable guidance. Are Wall Street Analysts Predicting Exelon Stock Will Climb or Sink?

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.