Exelon Q3 revenue rises on higher transmission rates; narrows 2026 EPS guidance

Overview

• U.S. utility operator's Q3 revenue rose yr/yr to $7.32 bln

• Adjusted EPS for Q3 increased to $0.87 from $0.86 last yr

• Company narrows 2026 adjusted EPS guidance, affirms long-term growth outlook

Outlook

• Exelon narrows 2026 adjusted operating EPS guidance to $2.85-$2.91

• Company affirms operating EPS compounded annual growth near top end of 5-7% from 2025-2029

• Exelon says it will continue advancing transmission and storage solutions to support growth and affordability

Result Drivers

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

• COST MANAGEMENT - Lower contracting costs at BGE and absence of surcharge credits at PECO contributed to results

• STORM COSTS - Increased storm costs at PECO and PHI weighed on earnings

Company press release:

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 1 "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 $46.00, about 0.2% above its October 29 closing price of $45.91

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads

• Oct 29 - Xcel Energy Q3 profit rises on electric infrastructure recovery, narrows outlook

• Oct 28 - NiSource Q3 profit beats; narrows 2026 adjusted EPS forecast

• Oct 27 - CenterPoint Energy Q3 adjusted EPS beats estimates, raises 2026 outlook

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.)