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

Exelon (NASDAQ:EXC) released its earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01), FiscalAI reports. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. 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

Shares of NASDAQ EXC traded up $0.24 during trading on Friday, reaching $45.82. 10,046,234 shares of the company traded hands, compared to its average volume of 8,683,721. The firm has a 50 day simple moving average of $46.32 and a 200-day simple moving average of $46.59. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $46.88 billion, a PE ratio of 16.78, a P/E/G ratio of 2.76 and a beta of 0.31. Exelon has a 52-week low of $42.58 and a 52-week high of $50.65.

Exelon Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EXC. T. Rowe Price Investment Management Inc. grew its position in Exelon by 65.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 89,309 shares of the company’s stock worth $3,893,000 after purchasing an additional 35,274 shares during the period. Compound Planning Inc. lifted its holdings in shares of Exelon by 5.8% during the 4th quarter. Compound Planning Inc. now owns 10,782 shares of the company’s stock valued at $470,000 after buying an additional 591 shares during the period. Invesco Ltd. boosted its stake in shares of Exelon by 3.5% in the 4th quarter. Invesco Ltd. now owns 16,209,215 shares of the company’s stock worth $706,560,000 after buying an additional 549,907 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of Exelon in the 4th quarter worth $35,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Exelon by 24.3% in the 4th quarter. Corient Private Wealth LLC now owns 286,996 shares of the company’s stock worth $12,510,000 after buying an additional 56,118 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EXC shares. Royal Bank Of Canada dropped their target price on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Morgan Stanley dropped their price target on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. TD Cowen reduced their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Truist Financial upped their target price on shares of Exelon from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Finally, 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 report on Friday, April 17th. 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 company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.33.

More Exelon News

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Q2 revenue beat expectations. Exelon reported second-quarter revenue of $5.97 billion, up 10% year over year and ahead of the $5.44 billion consensus estimate. Adjusted EPS of $0.43 increased from $0.39 a year earlier and was generally described as in line with expectations. Exelon’s Q2 Earnings In Line With Estimates, Revenues Rise Year Over Year
• Positive Sentiment: Management reaffirmed its financial outlook and investment plan. Exelon maintained fiscal 2026 EPS guidance of $2.81 to $2.91, consistent with the $2.86 analyst consensus, and kept its approximately $41 billion five-year capital plan intact through 2029. The company cited strong operational execution and higher utility rates. Exelon Reports Second Quarter 2026 Results
• Neutral Sentiment: The earnings picture was mixed. Although revenue exceeded forecasts, some reports put EPS slightly below the broader analyst consensus of $0.44. The company’s net margin was 11.21%, while return on equity was 9.83%, leaving investors focused on the quality and durability of earnings growth. Exelon Earnings Conference Call
• Negative Sentiment: Exelon reduced its data-center demand pipeline by 16%. The revision reflects delays and opposition to artificial-intelligence facilities across the United States, potentially limiting a key source of future electricity-load growth. However, Exelon said the change does not alter its 2029 investment plan. Exelon Maintains 2029 Investment Plan After Screening Data-Center Requests
• Negative Sentiment: Analysts remain cautious. Exelon has underperformed the broader market over the past year, and Wall Street’s restrained outlook may limit near-term upside despite the stable guidance and strong revenue performance. 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.