Exelon (NASDAQ:EXC) Announces Earnings Results

Exelon (NASDAQ:EXC) announced its quarterly earnings results on Wednesday. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02, FiscalAI reports. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Exelon updated its FY 2026 guidance to 2.810-2.910 EPS.

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

• Exelon reported adjusted operating earnings of $0.91 per share in Q1, modestly ahead of expectations due to favorable weather and timing, and is affirming 2026 guidance of $2.81–$2.91 with long‑term operating earnings growth targeted near the top of a 5%–7% range.
• Management withdrew PECO’s recently filed electric and gas rate cases in Pennsylvania for timing and affordability reasons and announced a leadership change at PECO, introducing near‑term regulatory and timing risk to rate recovery.
• Exelon rebalanced its four‑year capital plan to $41.7 billion (nearly $10 billion in 2026), shifting $1.5 billion to transmission while deferring $1.1 billion of distribution, expects transmission rate base to grow ~16% through 2029, and is targeting $350 million of incremental O&M savings in 2027 with ≤2% O&M growth through 2029.
• Executives flagged systemwide risks in PJM — including a shortage of generation and potential 2028 reliability issues — arguing additional generation (including utility‑led options) is needed to avoid higher customer costs and outage risk.

Exelon Stock Down 2.5%

Shares of NASDAQ EXC traded down $1.16 during mid-day trading on Wednesday, reaching $45.02. 11,529,484 shares of the company’s stock were exchanged, compared to its average volume of 8,501,308. The firm has a market capitalization of $46.06 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.68 and a beta of 0.32. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $48.21 and a 200 day simple moving average of $46.27. Exelon has a twelve month low of $41.71 and a twelve month high of $50.65.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Caxton Associates LLP bought a new position in Exelon in the first quarter valued at approximately $286,000. Woodline Partners LP grew its stake in Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock valued at $3,913,000 after purchasing an additional 24,580 shares in the last quarter. Jump Financial LLC bought a new position in shares of Exelon during the 2nd quarter worth approximately $2,448,000. Gamco Investors INC. ET AL bought a new position in shares of Exelon during the 2nd quarter worth approximately $645,000. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Exelon by 3.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after acquiring an additional 14,240 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup assumed coverage on Exelon in a report on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Truist Financial assumed coverage on Exelon in a report on Monday, April 20th. They set a “hold” rating and a $50.00 target price on the stock. Mizuho set a $48.00 target price on Exelon and gave the stock a “neutral” rating in a report on Friday, April 17th. KeyCorp decreased their target price on Exelon from $44.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Finally, Wells Fargo & Company set a $50.00 target price on Exelon in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus price target of $50.47.

Exelon News Summary

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: Q1 results beat estimates on both EPS and revenue: Exelon reported $0.91 EPS vs. consensus $0.89 and revenue of $7.24B vs. $6.93B, signaling solid top-line execution and margin performance. Exelon (EXC) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management reaffirmed its FY-2026 EPS outlook (2.810–2.910), showing confidence in the company’s forward performance and reducing surprise risk. Exelon Affirms 2026 Outlook Amid Q1 Earnings Update
• Positive Sentiment: Management highlighted operational strengths and secular tailwinds (including data‑center demand), which support medium‑term growth and utility cash flows. Exelon Q1 Earnings Preview
• Neutral Sentiment: Guidance is effectively in line with Street expectations (consensus ≈2.85; company range midpoint ≈2.86), so the update is not a clear beat or miss on FY outlook. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Revenue growth was healthy (up ~7.9% YoY), supporting the narrative of stable utility earnings despite an evolving commodity and demand backdrop. Exelon Q1 Slide Deck
• Negative Sentiment: Quarterly EPS was slightly below last year (0.91 vs. 0.92) and the beat was modest, which can disappoint investors looking for accelerating earnings momentum. Exelon Reports First Quarter 2026 Results
• Negative Sentiment: Valuation and capital structure considerations (leverage metrics and recent run toward a one‑year high) may have prompted profit‑taking; some investors view the guidance as conservative relative to recent price moves. A Look At Exelon (EXC) Valuation

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.