Exelon Q2 2026: Adjusted EPS of $0.43 Misses Consensus; Full-Year Guidance Affirmed
EXC is trading near its 52-week low of $42.58 (5.9% above the low).
Summary
Exelon posted Q2 2026 adjusted EPS of $0.43, missing estimates by a penny, while reaffirming its full-year outlook. Revenue climbed 10% to $5.97 billion, but higher operating and interest costs offset the gains.
Key Events · Earnings and Guidance · EXC
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Q2 Adjusted EPS Miss
Adjusted operating earnings landed at $0.43 per share, missing the $0.44 consensus estimate as higher O&M and interest expense weighed on results.
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Revenue Up 10%
Total operating revenues rose to $5.97 billion from $5.43 billion a year ago, reflecting the benefit of rate increases and favorable weather.
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Full-Year Guidance Affirmed
Exelon reaffirmed its 2026 adjusted EPS guidance range of $2.81 to $2.91, implying a stronger second half.
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Cost Pressures
Operating and maintenance expense increased to $1.39 billion from $1.32 billion, while interest expense rose to $568 million from $524 million.
Analysis · EXC · Energy & Transportation
Despite a 10% revenue surge to $5.97 billion, Exelon's Q2 adjusted operating earnings came in at $0.43 per share, a penny below the $0.44 consensus. The shortfall was driven by higher O&M and interest costs. Management affirmed the full-year adjusted EPS guidance of $2.81–$2.91, signaling confidence in a stronger back half. While the miss is modest, it stands out for a large, stable utility — breaking a streak of beats and surfacing amid rising rate case activity and mounting cost pressures.
At the time of this filing, EXC was trading at $45.09 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $46.1B. The 52-week trading range was $42.58 to $50.65. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.