Exelon Q2 revenue and adjusted EPS rise year over year

Overview

• US utility operator's Q2 revenue rose yr/yr, adjusted EPS increased to $0.43 from $0.39

• Company affirmed full-year 2026 adjusted EPS guidance of $2.81-$2.91

• Higher utility earnings driven by rate increases and favorable weather, partly offset by higher expenses

Outlook

• Exelon affirms 2026 adjusted operating EPS guidance of $2.81-$2.91

• Company expects operating EPS CAGR near top end of 5-7% from 2025 to 2029

• Exelon says it is focused on grid modernization and storage to meet growing energy demand

Result Drivers

• RATE INCREASES - Higher distribution and transmission rates at ComEd and PHI, and higher distribution rates at BGE drove utility earnings

• FAVORABLE WEATHER - Positive weather effects contributed to PECO's earnings, partly offsetting higher expenses

• HIGHER EXPENSES - Increased depreciation at PECO and PHI, higher credit loss expense at BGE, and higher interest and tax expense at PECO offset some earnings gains

Company press release: ID:nBw14rnNba

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 17 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the electric utilities peer group is "buy."

• Wall Street's median 12-month price target for Exelon Corp is $49.00, about 4.2% above its July 29 closing price of $47.03

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)