Exelon (NASDAQ:EXC) Announces Earnings Results, Beats Estimates By $0.03 EPS

Exelon (NASDAQ:EXC) announced its earnings results on Wednesday. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03, FiscalAI reports. Exelon had a net margin of 11.41% and a return on equity of 9.97%. The business had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Exelon updated its FY 2026 guidance to 2.810-2.910 EPS.

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

• Exelon reported adjusted operating earnings of $0.91 per share in Q1, modestly ahead of expectations due to favorable weather and timing, and is affirming 2026 guidance of $2.81–$2.91 with long?term operating earnings growth targeted near the top of a 5%–7% range.
• Management withdrew PECO’s recently filed electric and gas rate cases in Pennsylvania for timing and affordability reasons and announced a leadership change at PECO, introducing near?term regulatory and timing risk to rate recovery.
• Exelon rebalanced its four?year capital plan to $41.7 billion (nearly $10 billion in 2026), shifting $1.5 billion to transmission while deferring $1.1 billion of distribution, expects transmission rate base to grow ~16% through 2029, and is targeting $350 million of incremental O&M savings in 2027 with ?2% O&M growth through 2029.
• Executives flagged systemwide risks in PJM — including a shortage of generation and potential 2028 reliability issues — arguing additional generation (including utility?led options) is needed to avoid higher customer costs and outage risk.

Exelon Stock Down 1.4%

Shares of EXC traded down $0.61 on Thursday, hitting $44.41. 9,238,955 shares of the stock traded hands, compared to its average volume of 8,638,368. The company has a market capitalization of $45.44 billion, a PE ratio of 16.27, a P/E/G ratio of 2.68 and a beta of 0.32. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. The business has a 50 day simple moving average of $48.21 and a 200 day simple moving average of $46.27. Exelon has a one year low of $41.71 and a one year high of $50.65.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. Exelon’s dividend payout ratio (DPR) is 61.54%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EXC shares. Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. UBS Group raised their target price on shares of Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Morgan Stanley decreased their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus target price of $50.47.

Institutional Investors Weigh In On Exelon

Several institutional investors and hedge funds have recently made changes to their positions in the company. Azimuth Capital Investment Management LLC increased its position in shares of Exelon by 2.1% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 11,900 shares of the company’s stock valued at $519,000 after acquiring an additional 250 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Exelon by 4.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,846 shares of the company’s stock valued at $298,000 after acquiring an additional 261 shares in the last quarter. L2 Asset Management LLC increased its position in shares of Exelon by 7.2% during the fourth quarter. L2 Asset Management LLC now owns 5,086 shares of the company’s stock valued at $222,000 after acquiring an additional 342 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Exelon by 0.4% during the third quarter. Wasatch Advisors LP now owns 101,682 shares of the company’s stock valued at $4,577,000 after acquiring an additional 355 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Exelon by 3.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 14,005 shares of the company’s stock valued at $610,000 after acquiring an additional 475 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Key Headlines Impacting Exelon

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Q1 beat and revenue growth: EXC reported $0.91 EPS vs. consensus ~$0.88 and revenue of $7.24B (up ~7.9% YoY); management highlighted stronger demand (including data?center load) and a larger multi?year investment plan (~$41.7B through 2029), supporting growth expectations. Exelon Q1 Earnings Beat
• Positive Sentiment: Regulatory/customer goodwill: ComEd (an Exelon utility) won a national award for its energy?efficiency program, which may bolster regulatory relationships and customer affordability initiatives in key markets. ComEd Award
• Neutral Sentiment: Guidance affirmed: Exelon reiterated FY2026 EPS guidance of $2.810–$2.910 (consensus ~2.85), so results and outlook are broadly in line with street expectations. Guidance Affirmation
• Neutral Sentiment: Investor resources available: Full Q1 press release, slide deck and earnings call/transcript have been posted for additional detail on drivers, margins and segment performance. Q1 Results Release
• Negative Sentiment: Insider selling disclosed: CEO Calvin Butler adopted a 10b5?1 plan to sell up to 246,000 shares by 2026, which some investors interpret as a signal about management confidence or valuation, putting downward pressure on sentiment. CEO 10b5-1 Plan
• Negative Sentiment: Capex reshuffle & cost actions: Management is reworking parts of its capex program citing affordability concerns and is targeting ~$350M in savings, a signal that rising costs or rate pressures could constrain near?term investment or margins. Capex Shuffle

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.