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Exelon Corp
NASDAQ:EXC

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Exelon Corp
NASDAQ:EXC
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Price: 41.94 USD -0.31% Market Closed
Market Cap: $42.9B

Exelon Corp
Investor Relations

Exelon is a utility holding company that delivers electricity and natural gas through regulated local utilities. Its main businesses are the wires, pipes, and customer service networks that move power and gas to homes, businesses, schools, and public facilities in major metropolitan areas in the Midwest and Mid-Atlantic. The company does not sell most of the electricity or gas itself. Instead, it earns money by owning and maintaining the delivery infrastructure and charging rates approved by state regulators. That makes Exelon’s business model different from a typical seller of energy: it is paid for keeping essential utility networks running safely and reliably, not for trading power in a competitive market. Exelon’s main customers are captive utility users in the regions its operating companies serve. Because local utilities are natural monopolies, the business is tied closely to long-term infrastructure spending, regulatory oversight, and steady day-to-day demand for electric and gas service. This gives Exelon a role as a core provider in the energy value chain, connecting generators and gas suppliers to end users.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

EPS: Exelon reported second-quarter adjusted operating earnings of $0.43 per share, in line with expectations and up from $0.39 a year ago.

Guidance: Management reaffirmed full-year 2026 guidance of $2.81 to $2.91 per share and said it still expects to finish at the midpoint or better.

Reliability: The company said all utilities are projected to be top quartile on reliability, with ComEd and PHI projected in the top decile, even after a very stormy quarter in Illinois.

Demand pressure: Exelon argued that PJM’s record July demand, steep price spikes and another tight capacity auction show the grid is short on supply and needs more generation, storage and transmission.

Growth plans: The company highlighted a 500-megawatt New Jersey battery project, more transmission bids in MISO, and virtual power plant programs as key ways it plans to address affordability and reliability.

Balance sheet: Management said it has completed about 86% of its 2026 debt financing needs and has already priced about 37% of its planned equity needs through 2029.

Key Financials
Adjusted operating earnings per share
$0.43
Revenue requirement increase - BGE
$156.1 million
Revenue requirement increase - Delmarva Power
$45.4 million
ComEd grid plan investment
approximately $15.3 billion
Annualized earnings growth
near the top end of 5% to 7%
Annualized rate base growth
7.9%
Capital deployment in 2026
approximately $10 billion
Consolidated operating ROE
9% to 10%
PJM record peak demand
168 gigawatts
PJM price surge
roughly $80 to $800 per megawatt hour
PJM capacity shortfall
approximately 6.8 gigawatts
New generation cleared in PJM auction
about 525 megawatts
Pittsgrove battery project
500 megawatts
Pittsgrove project investment
approximately $1 billion
Pittsgrove customer benefits
over $700 million
Potential customer savings during heat wave
approximately $7.5 million
2026 debt financing needs completed
approximately 86%
Planned equity needs priced through 2029
approximately 37%
Expected average credit metrics
approximately 14% through 2029
Earnings Call Recording
Other Earnings Calls

Management

Mr. David Andrew Glockner
Executive Vice President of Compliance, Audit & Risk
No Bio Available
Mr. Gil C. Quiniones
CEO & President of Commonwealth Edison Company
No Bio Available
Mr. Michael A. Innocenzo
Executive VP & COO
No Bio Available
Ms. Jessica K. Hart
Senior VP & Chief Investment Officer
No Bio Available
Mr. Robert A. Kleczynski
Senior VP, Corporate Controller & Tax and Principal Accounting Officer
No Bio Available
Ms. Cynthia McCabe
Senior VP, Chief of Staff & Chief Communications Officer
No Bio Available
Ms. Denise Galambos
Senior VP and Chief People & Equity Officer
No Bio Available
Mr. Kyle B. Crowley
Chief Development Officer & Senior VP
No Bio Available
Mr. Drew Ierardi
Managing Director of Private Markets
No Bio Available
Mr. David Fein
Senior Vice President of State Governmental & Regulatory Affairs
No Bio Available

Contacts

Address
ILLINOIS
Chicago
10 S. Dearborn Street, Po Box 805379
Contacts