Exelon Q2 2026: adjusted EPS $0.43, revenue up 9.9%, guidance affirmed
Exelon's second quarter of 2026 was steady rather than spectacular: revenue rose 9.9% to $5.97 billion, adjusted earnings per share climbed to $0.43 from $0.39, and management reaffirmed full-year guidance of $2.81 to $2.91. The catch is that $0.43 landed slightly below the $0.4412 consensus estimate. So the story here is durable regulated growth and confirmed rate recovery, not an upside surprise. Verdict: Neutral.
1 · Expected vs. Actual
Free preview belowGAAP earnings per share were $0.39, unchanged from the second quarter of 2025, while adjusted operating earnings per share rose to $0.43 from $0.39. Nearly all of that $0.04 gap is the $42 million cost management charge, mostly severance, which management strips out of the adjusted figure. Against the $0.4412 consensus estimate, adjusted EPS missed by roughly a cent.
Revenue came in at $5.97 billion, up 9.9% from $5.43 billion in the same quarter last year. ComEd was the largest contributor at $1.99 billion, followed by Pepco Holdings at $1.71 billion, BGE at $1.22 billion and PECO at $1.06 billion. The increase came from approved distribution and transmission rates rather than weather, and ComEd's cooling degree-days were actually down 21.5% from last year.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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