Exelon (NASDAQ:EXC) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Exelon (NASDAQ:EXC) issued its quarterly earnings data on Thursday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04, FiscalAI reports. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. Exelon updated its FY 2026 guidance to 2.810-2.910 EPS.

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

• Beat expectations and raised guidance: Exelon reported 2025 adjusted operating EPS of $2.77 (above guidance) and initiated 2026 operating earnings guidance of $2.81–$2.91, targeting 5%–7% annualized EPS growth through 2029 near the top of that range.
• Large, transmission‑heavy capital plan: Management plans to invest $41.3 billion over the next four years with ~70% of the plan increase driven by transmission, expecting ~8% rate‑base growth and line‑of‑sight to an additional $12–17 billion of transmission opportunities over the next decade.
• Regulatory progress is mixed: final settlements were reached in Atlantic City Electric and Delmarva Gas and reconciliations closed at ComEd and BGE (BGE recovered roughly half), while major filings (Pepco MD, ComEd multi‑year grid plan) remain pending and could affect timing and recovery.
• Funding and balance‑sheet plan to support growth: Exelon expects to fund the plan with $22B of internal cash, $13B of utility debt, $3B of holding‑company debt and modest equity (~40% policy), has issued $1B of convertible debt, and targets credit metrics comfortably above downgrade thresholds.

Exelon Price Performance

Shares of EXC stock traded up $3.12 during trading hours on Thursday, hitting $47.57. The company had a trading volume of 19,842,200 shares, compared to its average volume of 8,277,580. Exelon has a 12 month low of $41.71 and a 12 month high of $48.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. The firm’s fifty day moving average is $43.94 and its 200 day moving average is $44.81. The firm has a market capitalization of $48.06 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.61 and a beta of 0.45.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley restated an “underperform” rating and issued a $51.00 price target on shares of Exelon in a research report on Wednesday, January 21st. Wells Fargo & Company reduced their target price on Exelon from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Royal Bank Of Canada assumed coverage on Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price target on the stock. TD Cowen assumed coverage on Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. Finally, Wolfe Research lowered Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average target price of $49.38.

Institutional Investors Weigh In On Exelon

Several large investors have recently made changes to their positions in the company. Caxton Associates LLP bought a new stake in Exelon during the first quarter worth $286,000. Woodline Partners LP increased its position in shares of Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after purchasing an additional 24,580 shares during the period. Jump Financial LLC acquired a new stake in shares of Exelon during the 2nd quarter worth approximately $2,448,000. Gamco Investors INC. ET AL acquired a new stake in Exelon in the second quarter valued at about $645,000. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after buying an additional 14,240 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Key Exelon News

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Q4 earnings beat and upbeat 2026 outlook — Exelon posted $0.59 EPS for Q4, beating consensus and set FY2026 guidance of $2.810–2.910, which gives investors clearer upside visibility for next year. Exelon tops Q4 profit forecasts, unveils upbeat 2026 outlook
• Positive Sentiment: Big infrastructure plan — Management unveiled a $41.3 billion infrastructure investment plan through 2029, supporting long-term regulated growth and modernization that could drive future rate-base expansion and earnings power. Exelon Q4 Earnings Beat Estimates, Sales Miss, Capex Plan Up
• Neutral Sentiment: Earnings call context — Management discussed quarter details and the outlook on the investor call; the transcript provides color on drivers (rate environment, nuclear performance, and demand trends) that investors will parse for sustainability of results. Exelon Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Official release and slide deck — Company press release and slides provide the full financials and guidance assumptions (useful for modeling but not an immediate directional surprise). Exelon Reports Fourth Quarter and Full Year 2025 Results and Initiates 2026 Financial Outlook
• Negative Sentiment: Revenue weakness and YoY EPS decline — Revenue was down ~1.1% year-over-year and Q4 EPS declined from $0.64 a year ago to $0.59, indicating near-term demand or margin pressure despite the beat. Exelon Q4 Earnings Beat Estimates, Sales Miss, Capex Plan Up
• Negative Sentiment: Large capex raises near-term financing and cash-flow risk — The $41.3B plan supports long-term growth but could pressure free cash flow, leverage and execution risk over the next few years; investors should watch capex funding and regulatory recovery. Exelon Q4 Earnings Beat Estimates, Sales Miss, Capex Plan Up

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.