Exelon Q2 revenue and adjusted EPS rise year over year
Reuters2026/07/30 10:59
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
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Revenue |
|
$5.97 bln |
|
Q2 Adjusted EPS |
|
$0.43 |
|
Q2 EPS |
|
$0.39 |
|
Q2 Net Income |
|
$396 mln |
|
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
Reuters Recommended Reads
July 28 - FirstEnergy quarterly profit rises on data center demand, operations focus
July 29 - Entergy misses quarterly profit estimates as operating costs weigh
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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