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Exelon ( (EXC) ) has provided an announcement.
On July 30, 2026, Exelon reported second-quarter 2026 GAAP net income of $0.39 per share and adjusted operating earnings of $0.43 per share, modestly above the prior year and in line with expectations, while reaffirming full-year adjusted earnings guidance of $2.81 to $2.91 per share and targeting operating EPS growth near the top of a 5% to 7% range from 2025 to 2029. Results were driven by higher approved distribution and transmission rates and incremental grid investments at ComEd, BGE and PHI, favorable weather and the absence of surcharge credits at PECO, partly offset by higher depreciation, interest expense, income taxes and credit loss expense; utilities continued to project top-quartile reliability, BGE sought a $156 million annual electric distribution rate increase in Maryland, ACE advanced a battery storage proposal in New Jersey, and the company executed most of its planned 2026 debt financings to refinance existing obligations and fund customer-focused infrastructure and storage initiatives.
At the operating company level, ComEd’s GAAP and adjusted earnings rose year on year as rate base growth and construction-related financing costs supported returns, while PECO and PHI saw lower GAAP and adjusted earnings mainly from higher depreciation, interest and tax expenses, partially offset by regulatory and weather-related tailwinds. BGE’s adjusted earnings increased on updated recovery of investment through approved distribution rates despite higher credit loss expense, and across the group Exelon underscored that revenue decoupling mechanisms are designed to insulate distribution earnings from actual customer usage patterns and weather, reinforcing the company’s emphasis on regulated recovery of grid investments, reliability improvements and long-term value for customers and communities.
The most recent analyst rating on (EXC) stock is a Hold
with a $55.00 price target.
To see the full list of analyst forecasts on Exelon stock,
see the EXC Stock Forecast page.
Spark’s Take on EXC Stock
According to Spark, TipRanks’ AI Analyst, EXC is a Neutral.
EXC scores as a moderate-quality utility: solid revenue growth and stable profitability are offset by persistently negative free cash flow and high leverage. Valuation (mid-teens P/E and ~3.7% yield) is supportive, but technicals remain weak with the stock trading below major moving averages. The earnings call outlook is constructive with reaffirmed guidance and long-term growth targets, though elevated regulatory and credit-related risks keep the overall score in the middle range.
To see Spark’s full report on EXC stock,
click here.
More about Exelon
Exelon Corporation (Nasdaq: EXC) is a U.S. regulated utility holding company operating electricity transmission and distribution and retail natural gas distribution through four main units: ComEd in northern Illinois, PECO in southeastern Pennsylvania, BGE in central Maryland, and PHI in the District of Columbia and parts of Maryland, Delaware and New Jersey. The company focuses on grid reliability and modernization, customer affordability and storm resilience, supported by substantial ongoing capital investment and debt financing at its utilities.
Average Trading Volume: 8,684,821
Technical Sentiment Signal: Strong Buy
Current Market Cap: $48.41B
For detailed information about EXC stock, go to TipRanks’ Stock Analysis page.