Exelon's earnings call highlighted strong operational performance, successful financial management, and significant opportunities in transmission expansion. However, it also noted challenges such as a decline in quarterly earnings compared to the previous year and increased customer costs due to PJM auction results. The sentiment reflects optimism about future growth and investments, tempered by current challenges.

Company Guidance -

Q3 2025

During Exelon's second quarter earnings call for fiscal year 2025, the company provided guidance on several key financial metrics. Exelon reported operating earnings of $0.39 per share for the second quarter, surpassing expectations due to favorable timing and cost management, despite a $50 million customer relief fund and storm impacts. The company reaffirmed its full-year operating earnings guidance of $2.64 to $2.74 per share and projected an annualized earnings growth rate of 5% to 7% through 2028. Exelon also highlighted its investment plans, aiming to invest $38 billion through 2028, with an additional $10 billion to $15 billion identified for further transmission work. The company's large load pipeline remains robust with more than 17 gigawatts, and it expects to grow its rate base at 7.4% through 2028. Exelon emphasized its strategic focus on regulatory activities, customer service, and efforts to address evolving energy demands.

Exceeding Earnings Expectations

Exelon reported $0.39 in operating earnings for the second quarter, surpassing expectations due to favorable timing and cost management at utilities.

Strong Operational Performance

PECO demonstrated resilience by restoring power to over 325,000 customers after a major storm, highlighting Exelon's operational reliability and earning recognition as top reliable utilities.

Robust Large Load Pipeline

Exelon has maintained a large load pipeline of more than 17 gigawatts, with expectations to formalize an additional 16 gigawatts by the end of the year.

Significant Transmission Opportunities

Exelon is well-positioned for over $1 billion in transmission work associated with the MISO Tranche 2.1 projects, with additional $10 billion to $15 billion of transmission work identified through 2028.

Successful Financing and Investor Confidence

Exelon completed nearly 80% of its planned long-term debt financing for 2025 and successfully priced $700 million of planned equity needs, demonstrating strong investor demand and confidence.

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
Oct 29, 2025	2025 (Q3)	0.76 / -	0.71	―	―	―
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)
Aug 02, 2023	2023 (Q2)	0.41 / 0.41	0.44	-6.82% (-0.03)

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
Jul 31, 2025	$44.26	$44.94	+1.54%
May 01, 2025	$46.48	$46.19	-0.62%
Feb 12, 2025	$41.60	$42.12	+1.25%
Oct 30, 2024	$38.45	$38.60	+0.39%

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.