Exelon Corp (STU:PEO)

Q2 2026 Exelon Corp Earnings Call Transcript

Jul 30, 2026 / 02:00 PM GMT

Release Date Price: €39.49 (-3.67%)

Transcript 10-Q8-K

Key Points

Positve

Exelon Corp (EXC) reported Q2 2026 adjusted operating earnings of $0.43 per share, in line with expectations, and reaffirmed its full-year guidance of $2.81 to $2.91 per share.
The company continues to lead the industry in operational reliability, with all utilities projecting top-quartile performance and ComEd and PHI in the top decile.
Exelon Corp (EXC) is advancing a major 500-megawatt battery storage project in New Jersey, which is expected to provide over $700 million in net customer benefits without bill impacts until at least 2035.
The company has successfully implemented Transmission Security Agreements (TSAs) to filter out speculative data center projects, backed by $1 billion in collateral, ensuring durable growth.
Exelon Corp (EXC) has completed approximately 86% of its 2026 debt financing needs and pre-priced 37% of planned equity through 2029, reducing exposure to interest rate volatility.

Negative

Exelon Corp (EXC) faces significant regulatory uncertainty, highlighted by the withdrawal of its PECO rate case in Pennsylvania and ongoing negotiations with state stakeholders.
The PJM capacity market continues to show severe supply shortages, with a 6.8-gigawatt reliability shortfall and prices clearing at the FERC-approved cap, indicating systemic strain.
Extreme weather events are increasing operational costs and risks, with ComEd experiencing 16 major storms in 2026, the most in over two decades.
The company's data center pipeline was revised downward from 43 gigawatts to 36 gigawatts, reflecting the removal of speculative projects and a more cautious outlook.
Higher credit loss expenses at BGE and increased interest costs at corporate and PECO negatively impacted Q2 earnings by $0.04 per share year-over-year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EXC.OQ - Exelon Corp
Q2 2026 Exelon Corp Earnings Call
Jul 30, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to Exelon's second quarter earnings call, my name is Josh and I will be your events specialist today.

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