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

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

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 0.6%

Exelon stock traded up $0.28 during trading hours on Friday, reaching $46.19. The stock had a trading volume of 11,634,021 shares, compared to its average volume of 8,317,017. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. Exelon has a 52 week low of $39.73 and a 52 week high of $50.65. The stock has a market cap of $47.68 billion, a PE ratio of 16.92, a PEG ratio of 2.45 and a beta of 0.30. The company has a fifty day simple moving average of $42.83 and a 200-day simple moving average of $45.56.

More Exelon News

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Exelon reported third-quarter adjusted operating earnings of $0.87 per share, above the $0.79 consensus estimate, while revenue rose 9.2% year over year to $7.32 billion, exceeding expectations of $6.76 billion. Higher utility rates, infrastructure investment and increased sales supported the results. EXC Q3 Earnings Beat Estimates on Higher Utility Rates, Sales Up Year Over Year
• Positive Sentiment: The company declared a quarterly dividend of $0.42 per share, payable December 15 to shareholders of record December 4. The announcement reinforces EXC’s appeal to income-focused investors. Exelon Declares $0.42 Dividend
• Positive Sentiment: Exelon tightened its 2026 adjusted operating earnings guidance to $2.85-$2.91 per share. Although the range was narrowed, it remains consistent with the company’s full-year expectations and signals greater visibility into results. Exelon Reports Strong Q3 Earnings and Tightens Guidance
• Neutral Sentiment: Exelon’s regulated utility model continues to provide relatively predictable cash flows through rate structures and long-term customer demand, though investors are comparing its potential upside with peers such as PPL. PPL Versus EXC: Which Utility Power Supply Stock Has More Upside?
• Negative Sentiment: GAAP diluted earnings fell to $0.70 per share from $0.86 a year earlier, and GAAP net income declined to $729 million from $875 million. The adjusted-earnings beat therefore presents a stronger picture than the bottom-line GAAP comparison. Exelon Reports Third-Quarter Revenue and GAAP EPS

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Argus decreased their price objective on Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. HSBC started coverage on shares of Exelon in a research report on Thursday, October 22nd. They set a “hold” rating and a $44.00 price objective for the company. The Goldman Sachs Group decreased their price target on shares of Exelon from $45.00 to $44.00 in a research note on Thursday, October 15th. Barclays decreased their price target on Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Finally, Truist Financial reduced their price objective on Exelon from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, October 16th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Exelon has an average 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.