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

Exelon (NASDAQ:EXC) announced its earnings results 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 return on equity of 9.83% and a net margin of 11.21%.The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the business earned $0.39 EPS. The company’s revenue for the quarter 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 Trading Down 3.1%

Shares of EXC traded down $1.45 during trading hours on Thursday, hitting $45.58. 18,553,500 shares of the stock traded hands, compared to its average volume of 8,391,471. The business has a fifty day moving average of $46.32 and a 200-day moving average of $46.59. The firm has a market capitalization of $46.64 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 2.85 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 current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Exelon Announces Dividend

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

Trending Headlines about Exelon

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Exelon reported second-quarter adjusted earnings of $0.43 per share, up from $0.39 a year earlier, while revenue increased 10% year over year to $5.97 billion and exceeded analyst expectations. Higher utility rates and solid operational execution supported the results. Exelon’s Q2 Earnings In Line With Estimates, Revenues Rise Year Over Year
• Positive Sentiment: Management reaffirmed its fiscal 2026 adjusted EPS guidance of $2.81 to $2.91, centered around the $2.86 analyst consensus, and maintained its five-year $41 billion capital investment plan. The company also declared a quarterly dividend of $0.42 per share, representing an annualized yield of approximately 3.6%. Exelon maintains 2029 investment plan after screening data-center requests
• Neutral Sentiment: Although adjusted earnings were broadly in line with expectations, some reports described the $0.43 result as slightly below a $0.44 consensus estimate. The revenue beat and year-over-year earnings growth offset the modest bottom-line shortfall, but did not provide a major upside surprise.
• Negative Sentiment: Exelon reduced its overall data-center demand pipeline by 16% as AI infrastructure projects face growing opposition and permitting challenges across the United States. The revision raises uncertainty about the pace of future electricity-demand growth and potential upside from data-center customers. Exelon’s Data Center Pipeline Cut as AI Projects Face Pushback

Wall Street Analyst Weigh In

Several analysts have weighed in on EXC shares. Barclays cut shares of Exelon from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. 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 report on Friday, April 17th. Wells Fargo & Company set a $50.00 target price on Exelon in a report on Tuesday, April 21st. Royal Bank Of Canada decreased their price target on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Finally, Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.33.

Institutional Trading of Exelon

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its position in shares of Exelon by 65.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 89,309 shares of the company’s stock worth $3,893,000 after buying an additional 35,274 shares during the period. Compound Planning Inc. lifted its holdings in Exelon by 5.8% in the fourth 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 Exelon by 3.5% in the fourth quarter. Invesco Ltd. now owns 16,209,215 shares of the company’s stock valued at $706,560,000 after acquiring an additional 549,907 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in Exelon in the fourth quarter valued at approximately $35,000. Finally, Corient Private Wealth LLC grew its holdings in Exelon by 24.3% during the 4th quarter. Corient Private Wealth LLC now owns 286,996 shares of the company’s stock worth $12,510,000 after acquiring an additional 56,118 shares during the period. 80.92% of the stock is owned by institutional investors.

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.