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

Exelon (NASDAQ:EXC) released its quarterly earnings data on Thursday. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01), FiscalAI reports. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the business posted $0.39 EPS. Exelon’s revenue for the quarter was up 10.0% 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 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 Performance

NASDAQ:EXC traded down $1.45 during midday trading on Thursday, reaching $45.58. The stock had a trading volume of 18,553,500 shares, compared to its average volume of 8,737,499. The stock has a market capitalization of $46.64 billion, a P/E ratio of 16.70, a PEG ratio of 2.86 and a beta of 0.31. Exelon has a 1-year low of $42.58 and a 1-year high of $50.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The firm’s fifty day simple moving average is $46.32 and its 200-day simple moving average is $46.58.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Institutional Investors Weigh In On Exelon

Several hedge funds and other institutional investors have recently made changes to their positions in EXC. Motiv8 Investments LLC bought a new position in shares of Exelon in the fourth quarter worth about $25,000. Advocate Investing Services LLC bought a new position in Exelon in the 4th quarter worth approximately $30,000. EFG International AG acquired a new position in shares of Exelon during the fourth quarter worth approximately $33,000. Birchwood Financial Partners Inc. bought a new stake in shares of Exelon in the fourth quarter valued at approximately $35,000. Finally, Sfam LLC bought a new position in Exelon during the fourth quarter worth $57,000. 80.92% of the stock is owned by institutional investors and hedge funds.

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, while revenue increased 10% year over year to $5.97 billion and exceeded the $5.44 billion consensus estimate. Higher utility rates and strong operating performance supported the results. Exelon’s Q2 Earnings In Line With Estimates, Revenues Rise Y/Y
• Positive Sentiment: The company reaffirmed its 2026 EPS guidance of $2.81-$2.91, which brackets the $2.86 analyst consensus, and maintained its approximately $41 billion five-year capital investment plan through 2029. Exelon maintains 2029 investment plan after screening data-center requests
• Positive Sentiment: Exelon declared a quarterly dividend of $0.42 per share, payable September 15 to shareholders of record September 4, supporting the stock’s income appeal.
• Neutral Sentiment: The earnings result was broadly in line with expectations, although reported EPS was slightly below the broader consensus estimate of $0.44. The company’s GAAP EPS was $0.39. Exelon Reports Second Quarter 2026 Results
• Negative Sentiment: Exelon cut its overall data-center project pipeline by 16% after screening requests, as opposition and permitting challenges weigh on AI-related electricity demand. This raises uncertainty around a potential long-term growth catalyst, even though the core investment plan remains intact. Exelon’s Data Center Pipeline Cut as AI Projects Face Pushback

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXC shares. Truist Financial boosted their price target on Exelon from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. BMO Capital Markets reissued a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research note on Tuesday, April 21st. KeyCorp cut their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Finally, Barclays lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.33.

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.