Exelon (NASDAQ:EXC) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Exelon (NASDAQ:EXC) posted its earnings results on Thursday. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04, FiscalAI reports. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the company earned $0.64 EPS. Exelon’s revenue was down 1.1% on a year-over-year basis. Exelon updated its FY 2026 guidance to 2.810-2.910 EPS.

Here are the key takeaways from Exelon’s conference call:

• Beat expectations and raised guidance: Exelon reported 2025 adjusted operating EPS of $2.77 (above guidance) and initiated 2026 operating earnings guidance of $2.81–$2.91, targeting 5%–7% annualized EPS growth through 2029 near the top of that range.
• Large, transmission‑heavy capital plan: Management plans to invest $41.3 billion over the next four years with ~70% of the plan increase driven by transmission, expecting ~8% rate‑base growth and line‑of‑sight to an additional $12–17 billion of transmission opportunities over the next decade.
• Regulatory progress is mixed: final settlements were reached in Atlantic City Electric and Delmarva Gas and reconciliations closed at ComEd and BGE (BGE recovered roughly half), while major filings (Pepco MD, ComEd multi‑year grid plan) remain pending and could affect timing and recovery.
• Funding and balance‑sheet plan to support growth: Exelon expects to fund the plan with $22B of internal cash, $13B of utility debt, $3B of holding‑company debt and modest equity (~40% policy), has issued $1B of convertible debt, and targets credit metrics comfortably above downgrade thresholds.

Exelon Stock Performance

NASDAQ:EXC opened at $48.48 on Friday. Exelon has a twelve month low of $41.71 and a twelve month high of $48.72. The firm’s fifty day simple moving average is $44.11 and its 200 day simple moving average is $44.87. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $48.98 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.78 and a beta of 0.45.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is 57.35%.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Scotiabank raised their price target on Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Friday. Morgan Stanley reaffirmed an “underperform” rating and set a $51.00 price objective on shares of Exelon in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada began coverage on shares of Exelon in a report on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 target price for the company. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.93.

Institutional Trading of Exelon

Several large investors have recently bought and sold shares of EXC. Advocate Investing Services LLC acquired a new position in shares of Exelon during the fourth quarter worth $30,000. Sfam LLC acquired a new position in Exelon in the 4th quarter worth $57,000. Chapman Financial Group LLC acquired a new position in Exelon in the 2nd quarter worth $62,000. Zions Bancorporation National Association UT boosted its position in Exelon by 410.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 2,227 shares of the company’s stock valued at $97,000 after buying an additional 1,791 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new stake in shares of Exelon during the third quarter valued at about $201,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Trending Headlines about Exelon

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Q4 beat and upbeat 2026 outlook — Exelon reported $0.59 EPS (above consensus) and launched FY2026 guidance of $2.81–$2.91, signaling stronger underlying power markets and rate benefits. BusinessWire: Q4 & 2026 Outlook
• Positive Sentiment: Analyst upgrades — Several firms raised price targets (Wells Fargo to $53, Mizuho to $51, BMO to $51) and reiterated overweight/outperform views, supporting near-term upside. Benzinga: Analyst Coverage The Fly: Mizuho
• Positive Sentiment: Dividend raise — Exelon increased its quarterly dividend to $0.42 (5% increase), boosting income appeal and supporting yield-sensitive investors. (Ex‑dividend: Mar 2; pay date: Mar 13)
• Positive Sentiment: Transmission project approved — PJM Board advanced a ~220‑mile, 765‑kV transmission line co‑sponsored with NextEra, supporting long‑term transmission revenue and grid reliability opportunities. PR Newswire: PJM Approval
• Positive Sentiment: Electrification & AI tailwinds — Analysts/commentary highlight Exelon as a play on electrification and demand from AI data centers, reinforcing the company’s long‑term growth narrative. Seeking Alpha: Electrification/AI Tailwinds
• Neutral Sentiment: Capex / growth plan — Exelon unveiled a $41.3B infrastructure investment plan through 2029, which supports growth but increases near‑term capital intensity. Zacks: Capex Plan
• Neutral Sentiment: Revenue and call details — Revenue slightly missed expectations ($5.41B vs $5.42B) and management hosted an earnings call; read the transcript for detail on generation, commodity exposure and rate assumptions. MSN: Earnings Transcript
• Neutral Sentiment: Short‑interest note — Recent short‑interest data in feeds appears anomalous/zero and is not a meaningful signal for today’s move.
• Negative Sentiment: YoY profit decline — EPS declined versus the prior year (Q4: $0.59 vs $0.64 a year ago), a reminder that beat was driven by mix/rates rather than higher volume; monitor commodity and weather sensitivity. BusinessWire: Results

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.