Exelon Corporation · EXC · Next earnings

Exelon Corporation reports Tuesday, Nov 3, 2026

EXC reports before market open with consensus EPS at $0.83 and revenue at $6.81B. Last quarter: Exelon Q1 2026 EPS Beats on Transmission Strength, Guidance Reaffirmed

Reports Before market open44 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $0.83 Calendar consensus
Consensus revenue $6.81B Calendar consensus
Report date Nov 3, 2026 Tuesday, date estimated
Session Before market open 44 days away

Where EXC left off: FY2026 Q1

Full report

Exelon Q1 2026 EPS Beats on Transmission Strength, Guidance Reaffirmed

EPS surprise +2.9% Reported $0.91 vs $0.88
Revenue surprise +4.6% Reported $7.24B vs $6.93B
Stock move -2.5% Event window
Subsequent drift -0.9% Up to 20 sessions

Full-year 2026 adjusted EPS guidance was reaffirmed at $2.81-$2.91, unchanged from the range set when guidance was raised in Q4 2025. The prior quarter's raised sentiment gave way to a maintained posture this quarter. The $10B capital plan was rebalanced within the same total -- redirecting $1.5B toward transmission investment while deferring $1.1B of other projects -- and $350M of incremental O&M savings were introduced as a 2027 target.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Regulatory delays and uncertainty in Pennsylvania and Maryland rate cases could constrain earnings growth
  • Potential PJM generation shortfall by 2028 if new capacity is not added in time
  • Interconnection queue bottlenecks and permitting challenges may slow project timelines
  • Credit-rating downgrade risk if capital execution or earnings fall short of targets
  • Political and legislative uncertainty could delay bills supporting utility-owned generation

Questions analysts left open

  • Impact of withdrawing the Pennsylvania rate case on future earnings trajectory
  • Tension between affordability and supply adequacy in Maryland and the broader Mid-Atlantic
  • Timing and likelihood of legislative bills supporting utility-owned generation
  • Progress of PJM interconnection queue and generation backlog resolution
  • Potential changes to ROE and return expectations in Pennsylvania

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Recent EXC quarters

All EXC earnings
-2.5%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.