Exelon (NASDAQ:EXC) Releases Earnings Results, Beats Estimates By $0.08 EPS

Exelon (NASDAQ:EXC) released its quarterly earnings results on Friday. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08, FiscalAI reports. The business had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $6.76 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. Exelon’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share.

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

• Exelon reported third-quarter adjusted operating earnings of $0.87 per share, ahead of expectations, and narrowed full-year 2026 guidance to $2.85–$2.91 per share. Management reaffirmed adjusted earnings growth near the upper end of its 5%–7% target range through 2029.
• The company continues to advance its $41.7 billion capital plan, which is expected to support 7.9% rate-base growth. Exelon also identified an incremental $12 billion–$17 billion transmission opportunity and $3 billion–$7 billion of potential regulated storage investments, although these depend on approvals and cost recovery.
• Exelon highlighted strong operational performance during an unusually severe storm season, estimating that grid investments prevented 6.6 million customer outages and enabled 94% of affected customers to be restored within 48 hours. Its utilities continue to rank among the sector leaders for electric reliability while maintaining below-average customer bills.
• Management said regional PJM solutions remain too slow, with the reliability backstop auction delayed and another proposal rejected by FERC. PJM could face an approximately 11.5-gigawatt capacity shortfall by 2030, creating ongoing affordability and reliability risks for customers.
• Exelon completed all planned 2026 debt financing and has hedged roughly 37% of its $3.4 billion planned equity needs through 2029, including all 2026 requirements. Management expects credit metrics to remain above downgrade thresholds, while incremental capital opportunities would be financed with a balanced mix that includes approximately 40% equity.

Exelon Trading Up 0.5%

NASDAQ:EXC opened at $46.16 on Friday. Exelon has a 1-year low of $39.73 and a 1-year high of $50.65. The business’s 50-day moving average price is $42.85 and its two-hundred day moving average price is $45.57. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $47.65 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 2.52 and a beta of 0.30.

Key Stories Impacting Exelon

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Adjusted earnings and revenue beat expectations: Exelon reported third-quarter adjusted operating earnings of $0.87 per diluted share, above the $0.79 consensus estimate, while revenue rose 9.2% year over year to $7.32 billion, exceeding the $6.76 billion forecast. Higher utility rates, increased sales and infrastructure investments supported the results. Exelon Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Dividend remains intact: Exelon declared a quarterly dividend of $0.42 per share, payable December 15 to shareholders of record December 4. The payout reinforces the appeal of the regulated utility’s stable cash-flow profile. Exelon Declares Dividend
• Neutral Sentiment: Regulated utility model provides visibility: Industry commentary highlights Exelon’s predictable earnings and cash flows from regulated rates and long-term arrangements, though the comparison with PPL does not represent a company-specific catalyst. PPL vs. EXC Utility Comparison
• Negative Sentiment: GAAP earnings declined: GAAP diluted EPS fell to $0.70 from $0.86 a year earlier, despite higher revenue. Exelon also narrowed its 2026 adjusted operating earnings guidance to $2.85–$2.91 per share, signaling a tighter range for investors to monitor. Exelon Reports Third-Quarter Results

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXC. Argus reduced their price objective on Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. HSBC began coverage on Exelon in a research note on Thursday, October 22nd. They issued a “hold” rating and a $44.00 target price for the company. BMO Capital Markets dropped their target price on Exelon from $47.00 to $45.00 and set a “market perform” rating for the company in a research report on Thursday, October 22nd. Truist Financial dropped their target price on Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, October 16th. Finally, Barclays cut their price target on Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Six equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.58.

Exelon Company Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.