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

Posted by on Oct 30th, 2026

Exelon (NASDAQ:EXC – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.87 EPS for the quarter, topping 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 company had revenue of $7.32 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The firm’s 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 Stock Performance

Shares of EXC stock traded up $0.57 on Friday, reaching $46.48. The stock had a trading volume of 9,282,185 shares, compared to its average volume of 8,307,014. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon has a 1 year low of $39.73 and a 1 year high of $50.65. The stock has a market cap of $47.98 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.30. The company has a 50 day simple moving average of $42.83 and a 200 day simple moving average of $45.56.

Key Headlines Impacting Exelon

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research report on Tuesday, October 6th. The Goldman Sachs Group dropped their price target on Exelon from $45.00 to $44.00 in a research report on Thursday, October 15th. Argus reduced 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. BMO Capital Markets dropped their target price on Exelon from $47.00 to $45.00 and set a “market perform” rating on the stock in a report on Thursday, October 22nd. Finally, Barclays lowered their price target on Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Exelon has an average rating of “Hold” and an average price target of $48.58.

View Our Latest Stock Analysis on Exelon

Exelon Company Profile

(Get Free Report)

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.

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Earnings History for Exelon (NASDAQ:EXC)

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