Exelon Posts Q2 2026 Adjusted EPS of $0.43 and Reaffirms Full-Year Outlook
EXC is trading near its 52-week low of $42.58 (11% above the low).
Summary
Exelon reported Q2 2026 adjusted operating earnings of $0.43 per share, up from $0.39 a year ago, and affirmed its full-year 2026 guidance of $2.81–$2.91 per share. Rate increases and operational execution across its utilities drove the results.
Key Events · Earnings and Guidance · EXC
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Q2 2026 Adjusted EPS of $0.43
Adjusted operating earnings rose to $0.43 per share from $0.39 in Q2 2025, driven by higher distribution and transmission rates at ComEd, PHI, and BGE, and favorable weather at PECO.
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Full-Year 2026 Guidance Affirmed
Exelon reaffirmed its 2026 adjusted operating earnings guidance of $2.81–$2.91 per share and expects annualized EPS growth near the top end of 5–7% from 2025 to 2029.
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BGE Electric Rate Case Filed
BGE filed an application with the Maryland Public Service Commission in July 2026 seeking a $156 million increase in annual electric distribution rates, with a decision expected in Q1 2027.
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ACE Battery Storage Proposal
ACE filed a proposal with the New Jersey Board of Public Utilities for a transmission-connected battery storage project of up to 500 MW, with customer benefits expected to exceed total lifecycle costs.
Analysis · EXC · Energy & Transportation
Second-quarter adjusted operating earnings came in at $0.43 per share, up from $0.39 a year ago, as rate increases at ComEd, PHI, and BGE took hold. The company affirmed its full-year 2026 adjusted EPS guidance of $2.81–$2.91 and its long-term growth outlook near the top end of 5–7% annually through 2029. Results landed in line with expectations and reflect disciplined execution across the regulated utilities. The filing also highlights progress on rate cases, a new battery storage proposal at ACE, and substantial completion of 2026 debt financing, all of which support continued investment in grid reliability and customer-focused solutions.
At the time of this filing, EXC was trading at $47.38 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $48.1B. The 52-week trading range was $42.58 to $50.65. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.