Exelon's third-quarter earnings call showcased strong financial and operational performance, with significant progress in legislative and regulatory areas. However, concerns about supply shortfalls and interest expenses were noted. The sentiment leans positive with substantial achievements outweighing the challenges.

Company Guidance

During Exelon's third quarter earnings call for fiscal year 2025, the company reported earnings of $0.86 per share, exceeding expectations due to favorable weather conditions and timing-related factors. Exelon reaffirmed its operating earnings guidance for 2025, projecting a range of $2.64 to $2.74 per share, with an annualized growth rate of 5% to 7% expected through 2028. The company highlighted its strong operational performance with its utility companies ranking 1st, 2nd, 4th, and 7th in reliability benchmarks. Exelon is actively involved in several rate cases and legislative initiatives, including the Clean and Reliable Grid Affordability Act in Illinois and a request for proposals in Maryland for new energy supply. The company also noted a significant large load pipeline of over 19 gigawatts, with transmission investments anticipated to grow as part of their next four-year plan. Exelon aims to maintain a balanced financing plan while delivering reliable and cost-effective power supply to its customers.

Strong Earnings Performance

Exelon reported earnings of $0.86 per share in the third quarter, up from $0.71 per share in the same period last year, driven by higher distribution and transmission rates and favorable storm conditions.

Operational Excellence

Exelon's utility operating companies achieved top rankings in reliability benchmarking, with positions 1, 2, 4, and 7, improving upon last year's rankings.

Legislative Advancements

Illinois passed the Clean and Reliable Grid Affordability Act, enhancing energy efficiency programs and expanding distributed generation and energy storage opportunities.

Rate Case Progress

Exelon made progress on several rate cases, including the Delmarva Power gas distribution rate case and the Atlantic City Electric rate case, with settlements anticipated soon.

Large Load Pipeline

Exelon's large load pipeline now stands at over 19 gigawatts, with significant progress in transmission security agreements and new business driving anticipated growth in transmission investment.

Financial Stability

Exelon completed all planned long-term debt issuances for the year and priced nearly half of its equity needs through 2028, maintaining a strong balance sheet.

Exelon (EXC) Earnings, Revenues Date & History

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EXC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 17, 2026	2025 (Q4)	0.58 / -	0.64	―	―	―
Nov 04, 2025	2025 (Q3)	0.78 / 0.86	0.71	21.13% (+0.15)
Jul 31, 2025	2025 (Q2)	0.37 / 0.39	0.47	-17.02% (-0.08)
May 01, 2025	2025 (Q1)	0.88 / 0.92	0.68	35.29% (+0.24)
Feb 12, 2025	2024 (Q4)	0.59 / 0.64	0.6	6.67% (+0.04)
Oct 30, 2024	2024 (Q3)	0.68 / 0.71	0.67	5.97% (+0.04)
Aug 01, 2024	2024 (Q2)	0.40 / 0.47	0.41	14.63% (+0.06)
May 02, 2024	2024 (Q1)	0.70 / 0.68	0.7	-2.86% (-0.02)
Feb 21, 2024	2023 (Q4)	0.58 / 0.60	0.43	39.53% (+0.17)
Nov 02, 2023	2023 (Q3)	0.67 / 0.67	0.75	-10.67% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EXC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2025	$45.80	$45.98	+0.39%
Jul 31, 2025	$43.49	$44.16	+1.54%
May 01, 2025	$45.68	$45.38	-0.66%
Feb 12, 2025	$40.87	$41.38	+1.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.