Exelon Corporation (EXC) Earnings Call Transcripts

Exelon Corporation's Latest Earnings Call - Q2 FY2026

In Exelon's second quarter earnings call for 2026, the company reported adjusted operating earnings of $0.43 per share, consistent with expectations, and reaffirmed its full-year guidance of $2.81 to $2.91 per share. Revenue growth was primarily driven by disciplined investments in grid resilience and infrastructure, despite challenges posed by extreme weather events. Management emphasized the need for new supply to address growing demand, especially highlighted by record peak demand in July, which surged to 168 gigawatts, causing power prices to spike significantly. The company remains focused on maintaining affordability while pursuing regulatory approvals for various rate cases across its jurisdictions.

Reported metrics

Guidance from management

Exelon reaffirmed its full-year operating earnings guidance of $2.81 to $2.91 per share, with third-quarter earnings expected to be approximately 27% of the midpoint of this range.

What management said

Yes. No, I think that covers it. And I think that to your point about Real Solutions, and you noted at Chart, the 500-megawatt battery solution. We've been working on this. We're pleased to see that we got through the filing, and we'll work with the commission there. And to your question, it's no. It's not the only one, and we're working on others. .

No, great question. And I'm going to ask Mike, who is serving as the CEO of PICO to really give further clarification and don't hesitate to if you have any follow-up, don't hesitate to ask, okay, if we don't scratch it. .

What analysts pressed on

Analysts expressed concerns regarding the growing supply-demand imbalance, particularly in light of the recent PJM auction results indicating a significant shortfall. There were also questions about the impact of regulatory challenges on future growth and capital expenditures.

Main topics on the call

• Earnings Consistency — Exelon reported adjusted operating earnings of $0.43 per share, which is 'consistent with expectations'. This reflects a year-over-year increase driven by disciplined execution and operational improvements.
• Regulatory Activity — Management is actively engaged in multiple regulatory proceedings, including a $156.1 million rate case at BGE and a $45.4 million rate case at Delmarva Power. These filings aim to recover investments necessary for maint...
• Supply and Demand Challenges — Management highlighted that 'demand is growing faster than supply', evidenced by PJM's capacity auction results showing a shortfall of approximately 6.8 gigawatts. They advocate for an all-of-the-above approach to addres...
• Investment in Infrastructure — Exelon plans to deploy approximately $10 billion in capital to enhance grid resilience and reliability. This investment is crucial as the company aims to support growing customer needs and economic development.

Read the full Exelon Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 Exelon Corporation earnings call transcripts on record, spanning February 11, 2020 to July 30, 2026. Based on this history, Exelon Corporation reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EXC

Exchange

NasdaqGS

Country

US

Sector

Utilities

Industry

Electric Utilities

Calls on record

32

First call

February 11, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly