Key Takeaways Exelon's Q2 revenues rose 10% to $5.97B, while adjusted operating earnings climbed 10.3% to 43 cents.EXC is pursuing additional rate recovery to fund regulated utility investments and operating costs.Exelon plans to invest nearly $41.7B through 2029, supporting 7.9% average annual rate-base growth. Exelon (EXC - Free Report) is benefiting from stronger revenues, which are helping offset higher operating expenses and support overall financial performance. Revenue growth, supported by rate recovery and utility operations, is strengthening Exelon’s operating results.
In the second quarter of 2026, total operating revenues increased 10% year over year to $5.97 billion, supported by higher electric operating revenues of $5.71 billion, up from $5.37 billion a year ago. For the first six months, total operating revenues reached $13.21 billion, up 8.8% from $12.14 billion a year earlier.
Higher revenues helped EXC expand profitability despite an increase in operating costs. The company’s second-quarter operating income reached $979 million, up 5.6%, while adjusted operating earnings increased 10.3% to 43 cents per share, reflecting improved utility rate-related earnings.
Exelon is pursuing additional rate recovery through its regulated utilities. In July, EXC’s unit Baltimore Gas and Electric filed an electric distribution rate case with the Maryland Public Service Commission, seeking recovery of investments and operating costs needed to maintain a safe and reliable system.
Exelon plans to invest nearly $41.7 billion through 2029, supporting 7.9% average annual rate-base growth and adjusted operating earnings growth near the upper end of its 5-7% target range. Thus, rising utility revenues, rate recovery and ongoing grid investments could provide a durable foundation for earnings growth.
Higher Utility Revenues Offset Cost PressuresGrowth in utility revenues can help manage rising operating, maintenance and financing expenses while supporting consistent earnings. Additional revenues can provide greater flexibility for investing in infrastructure modernization and other essential projects.
FirstEnergy (FE - Free Report) second-quarter 2026 revenues rose 8.8% to $3.68 billion from $3.38 billion, while operating income increased 4.8% to $677 million, supported by stronger revenue growth.
NextEra Energy (NEE - Free Report) second-quarter 2026 revenues increased 12.4% to $7.53 billion, while operating income grew 17.1%, reflecting stronger performance across its utility and energy businesses.
The Zacks Rundown on EXCEXC’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 3.25% and 6.60%, respectively.
Image Source: Zacks Investment Research
EXC’s Dividend YieldExelon currently offers a 3.84% dividend yield, exceeding the Electric Power industry's 3.06% average over the past year.
Image Source: Zacks Investment Research
EXC’s Stock Price PerformanceIn the past six months, the company’s shares have plunged 10.7% compared with the industry’s 8.2% decline.
Image Source: Zacks Investment Research
EXC’s Zacks RankEXC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Exelon (EXC - Free Report) is headquartered in Chicago, and is in the Utilities sector. The stock has seen a price change of 0.11% since the start of the year. The energy company is paying out a dividend of $0.42 per share at the moment, with a dividend yield of 3.85% compared to the Utility - Electric Power industry's yield of 3.17% and the S&P 500's yield of 1.35%.
Looking at dividend growth, the company's current annualized dividend of $1.68 is up 5% from last year. Over the last 5 years, Exelon has increased its dividend 3 times on a year-over-year basis for an average annual increase of 0.70%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Exelon's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.
EXC is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $2.86 per share, which represents a year-over-year growth rate of 3.25%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that EXC is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Callan Family Office LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,452 shares of the company’s stock, valued at approximately $860,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EXC. Bell Investment Advisors Inc boosted its holdings in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the last quarter. Axiom Investment Management LLC acquired a new stake in Exelon in the 1st quarter valued at $27,000. Eastern Bank acquired a new stake in Exelon in the 2nd quarter valued at $26,000. Motiv8 Investments LLC bought a new stake in Exelon during the 4th quarter worth about $25,000. Finally, SHP Wealth Management bought a new stake in Exelon during the 4th quarter worth about $26,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes EXC has been the subject of a number of recent research reports. TD Cowen reduced their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp dropped their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley reduced their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Truist Financial decreased their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and a consensus price target of $50.07.
Read Our Latest Report on Exelon Exelon Stock Performance NASDAQ EXC opened at $44.34 on Tuesday. The firm has a market capitalization of $45.77 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm’s fifty day moving average price is $46.22 and its two-hundred day moving average price is $46.71. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65.
Exelon (NASDAQ:EXC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts anticipate that Exelon Corporation will post 2.86 EPS for the current year.
Exelon Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.
Exelon Profile (Free Report)
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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CHICAGO--(BUSINESS WIRE)--Exelon Corporation today announced several key executive leadership position changes as the company continues its commitment to creating long-term value for customers, shareholders, and communities: Mike Innocenzo, Chief Operating Officer of Exelon Corporation and Interim President and CEO of PECO will depart the company in 2027. Jeanne Jones, Chief Financial Officer of Exelon Corporation, will assume the role of Executive Vice President of Finance and Strategy, and re.
Archer Investment Corp acquired a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,165 shares of the company’s stock, valued at approximately $707,000.
A number of other large investors have also added to or reduced their stakes in EXC. Motiv8 Investments LLC acquired a new position in Exelon during the fourth quarter valued at $25,000. Leonteq Securities AG acquired a new stake in Exelon during the 4th quarter worth about $26,000. SHP Wealth Management purchased a new position in shares of Exelon during the 4th quarter valued at about $26,000. Bell Investment Advisors Inc lifted its holdings in shares of Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares during the period. Finally, Eastern Bank acquired a new stake in Exelon during the second quarter worth about $26,000. 80.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades A number of brokerages have recently commented on EXC. TD Cowen dropped their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Truist Financial cut their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Morgan Stanley reduced their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Finally, KeyCorp lowered their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $50.07.
View Our Latest Report on Exelon Exelon Price Performance Shares of NASDAQ EXC opened at $43.93 on Friday. The stock has a market cap of $45.35 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.66 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The stock has a 50 day moving average of $46.08 and a two-hundred day moving average of $46.69. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.
Exelon (NASDAQ:EXC – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, research analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.
Exelon Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. Exelon’s dividend payout ratio is currently 61.54%.
Exelon Profile (Free Report)
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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ComEd today announced that the Illinois Commerce Commission (ICC) has approved its proposed plan to construct a new transmission line in DeKalb County to reinforce grid reliability and resilience, meet rising energy demand from businesses and residents in the region and support economic growth. The ICC issued ComEd a Certificate of Public Convenience and Necessity (CPCN), which authorizes a public utility to construct certain major infrastructure projects following a public review process that evaluates whether the project is needed, appropriately designed, and in the public interest.
“We are pleased that the ICC recognized our commitment to seeking input from local governments, landowners and stakeholders and that their views are represented in the proposed routes for the KARE Project,” said David Perez, ComEd’s executive vice president and COO. “KARE represents the least cost and best fit approach to meeting the growing demand for electricity in the area. It will also help support Illinois’ clean energy transition by providing the potential to accommodate the interconnection of renewable energy resources.”
The Kishwaukee Area Reliability Extension (KARE) Project will be constructed south of the city of DeKalb. The project includes a double-circuit 345 kilovolt (kV) overhead transmission line extending approximately 6 miles on existing right-of-way -- as well as a new 345 kV and 138 kV substation. An existing ComEd transmission line will be extended to connect with the new substation near the intersection of Keslinger Road and Crego Road in Afton Township. The Project will help ensure that the transmission system has the ability to connect future customers, businesses and other facilities that may be needed as demand for electricity grows.
In addition to holding public meetings, ComEd met with local landowners to answer questions about the Project and the proposed routing options. The Project has also been shared with DeKalb Mayor Cohen Barnes and representatives of the DeKalb County Economic Development Corporation.
“We are pleased to see the KARE Project move forward," said Mayor Barnes. "The DeKalb region’s economic growth is placing new demands on all forms of infrastructure, including the electrical grid, and this plan will help meet current and future energy requirements of businesses and residential customers who have come to expect reliable service from ComEd in the face of more frequent and severe storms.”
ComEd partnered with Burns & McDonnell, a nationally recognized engineering firm in the electrical transmission sector, to conduct the routing study for the KARE Project. Data was collected in a 23-square-mile area to inform the development of route alternatives and assess existing conditions and the natural and cultural resources within the study area. The proposed routing options were designed to minimize impact on the land and surrounding community.
The KARE Project is the first ComEd transmission line requiring ICC siting approval since the Grand Prairie Gateway, which went into service in 2017 and extends for 60 miles across Ogle, DeKalb, Kane, and DuPage Counties.
About ComEd
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving nearly 11 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260824322298/en/
Following the restoration of more than 410,000 customers after multiple rounds of severe weather in northern Illinois, ComEd is deploying more than 60 of its ow
TodayComEd unveiled the first of its new Mobile Assistance Unit activations during Waukegan Township's Corner of Hope & Opportunity Community Resource Fair & Block Party. The appearance marked the debut of a fleet of vehicles equipped to deliver bill-assistance services anywhere across ComEd's northern Illinois service territory.
Waukegan Township's Resource Fair and Block Party, held annually since 2024, brings together health services, child and adult programs, job-training opportunities and other community resources in one place. ComEd has taken part in community resource fairs since 2025 in collaboration with local organizations to help meet customers where they are with support.
"Getting help should be simple, and it should be close to home," said Ajit Apte, senior vice president of Customer Operations, ComEd. "Our new Mobile Assistance Units allow us to bring meaningful, in-person support directly to the neighborhoods we serve, connecting customers with the programs and tools that can help manage their energy bills."
The event is one of nearly a dozen community resource fairs ComEd plans to take part in during 2026 as part of a growing effort to expand bill-support services and bring them directly to customers. This is critical as energy supply prices continue to rise due to energy demand outpacing the rate of new supply options coming online. ComEd does not set these prices and does not profit from them. On site, ComEd representatives helped customers access bill-assistance programs, enroll in new affordability offerings and explore energy-saving tools.
"Waukegan Township and our partners here on the corner of Hope and Opportunity are proud to once again welcome ComEd to our third annual Community Resource Fair & Block Party," said Marc Jones, Waukegan Township Supervisor. "This year's event is especially exciting with the presence of a ComEd Mobile Assistance Unit, creating another convenient way for customers to access energy support. By bringing these services directly to community events, we can help more residents connect with resources that benefit their daily lives."
The Mobile Assistance Units are part of ComEd's fleet of storm-response vehicles, repurposed to support customers with bill assistance during periods when they are not actively deployed for power restoration. These vehicles normally play an essential role supporting area teams during storms and large-scale restoration events, serving as field-based hubs equipped with connectivity, power generation and workspace. By putting these vehicles to work in the community during fair weather days, ComEd can bring personalized bill support, payment options, assistance-program enrollment and energy-efficiency education directly into neighborhoods and community gathering spaces.
"Families and businesses across our community continue to face challenges as the cost of everyday necessities remains high. That's why it's so important to create opportunities where residents can connect with multiple forms of support in one place," said Waukegan Mayor Sam Cunningham. "Events like this help ensure people are aware of available resources, from utility bill assistance to financial and community services, while making it easier to get questions answered and access help when they need it most."
At the Waukegan fair, ComEd offered enrollment support for a range of programs created to help customers navigate rising costs, including:
The Low-Income Discount (LID) program, launched in January 2026, provides qualifying income-eligible customers a percentage-based discount on their monthly electric bill based on income level.ComEd's new Time-of-Day Pricing rate, launched this summer, which helps households save money by shifting energy use to times when electricity prices are lower and demand is reduced.ComEd's bill-assistance and bill-management options, including Budget Billing, payment arrangements and High Usage Alerts, which can help customers better manage monthly energy costs and avoid unexpected bill increasesThe ComEd Energy Efficiency Program, which offers tools, incentives and resources to help residential and business customers reduce energy use and lower costs.These efforts reflect ComEd's commitment to The Exelon Promise, a customer-focused strategy from ComEd's parent company, Exelon, aimed at providing quick relief, strong protections and lasting solutions to rising energy costs.
Customers can find more information about ComEd's bill-assistance options and check their eligibility through ComEd’s Smart Assistance Manager (SAM) at ComEd.com/SAM.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving more than 10.7 million electricity and natural gas customers. ComEd powers the lives of more than 4.2 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260822773425/en/
CHICAGO--(BUSINESS WIRE)--Following the restoration of more than 410,000 customers after multiple rounds of severe weather in northern Illinois, ComEd is deploying more than 60 of its own employees to northwest Indiana to help NIPSCO complete restoration for its customers. More than 374,000 NIPSCO customers were initially impacted by the severe weather that moved through the area, and more than 30,000 remain without power. ComEd employees departed for Indiana on Aug. 22 and will remain in the a.
CHICAGO--(BUSINESS WIRE)--Today ComEd unveiled the first of its new Mobile Assistance Unit activations during Waukegan Township's Corner of Hope & Opportunity Community Resource Fair & Block Party. The appearance marked the debut of a fleet of vehicles equipped to deliver bill-assistance services anywhere across ComEd's northern Illinois service territory. Waukegan Township's Resource Fair and Block Party, held annually since 2024, brings together health services, child and adult progra.
ComEd today joined local small-business owners and community leaders at Steps Inc. Consulting in Chicago to highlight how electric vehicle (EV) rebate programs, community partnerships and customer education efforts are helping accelerate transportation electrification across northern Illinois.
The event showcased several small businesses that have leveraged ComEd EV rebates and resources to begin transitioning their fleets to electric vehicles. Attendees heard firsthand how participating businesses are reducing barriers to fleet electrification while learning about funding opportunities available through ComEd's Business and Public Sector EV Purchase Program.
"Creating opportunities for businesses and communities to affordably participate in the clean energy transition is essential to accelerating EV adoption across northern Illinois," said Ajit Apte, SVP of Customer Operations at ComEd. "Through our EV Ambassador Program and EV rebate offerings, ComEd is helping connect customers with trusted community leaders, educational resources and financial incentives that make transportation electrification more accessible and affordable."
ComEd launched its EV Ambassador Program to help expand awareness of electric vehicle resources, incentives and educational opportunities available to customers throughout northern Illinois. The program works with trusted community leaders who serve as local advocates, helping customers learn about EV ownership, charging infrastructure, available rebates and fleet electrification opportunities. Through one-on-one engagement, community events and educational outreach, EV Ambassadors help connect customers with the resources needed to participate in Illinois' growing clean transportation economy.
One such ambassador is Nicole Wheatly, founder of Steps Inc. Consulting, who works directly with businesses and community members to raise awareness of available EV incentives and connect customers with resources that support transportation electrification.
Since launching in 2025, ComEd's EV Ambassador Program has engaged more than 350 customers through direct outreach and education efforts and supported more than 20 community events across northern Illinois. The program has helped generate interest in transportation electrification, contributing to 10 EV charging infrastructure and fleet electrification projects entering the development pipeline, five fleet electrification assessments and two electric vehicle installers joining the Electric Vehicle Service Provider network.
"Serving as an EV Ambassador has been a natural extension of the work we already do at Steps Inc. Consulting, which is connecting people with opportunities that can help them grow and succeed," said Nicole Wheatly, owner of Steps Inc. Consulting and ComEd EV Ambassador. "It's exciting to help fellow business owners learn about resources that can lower costs, support sustainability goals and position their businesses for the future."
Among the businesses highlighted during the event was Bronzeville Community Development Partnership, a nonprofit organization which leveraged ComEd's EV rebate offering to add an EV to its fleet. By transitioning a portion of its operations to an electric vehicle, the company expects to reduce fuel and maintenance costs while supporting broader sustainability goals.
A Nothing Bundt Cakes franchise in Chicago also leveraged the rebate program to add an electric delivery vehicle to its fleet, demonstrating how businesses of all sizes can take advantage of available incentives to begin electrifying their operations.
“As electric vehicle adoption continues to grow across Illinois, it is important that businesses of all sizes have access to the information, resources and incentives needed to participate in the transition to cleaner transportation,” said Megha Lakhchaura, Illinois State Electric Vehicle Officer. “Programs like ComEd’s EV Ambassador initiative help connect local businesses with trusted guidance and funding opportunities, supporting fleet electrification while advancing the state's broader transportation and clean energy goals.”
Growing EV adoption remains a key component of Illinois' Climate and Equitable Jobs Act (CEJA). Since 2024, ComEd has helped support the installation of more than 14,400 public and private charging ports and incentivized the purchase or lease of more than 3,900 electric vehicles across northern Illinois.
In 2026 alone, ComEd has:
Provided approximately $13.8 million through its EV Rebate Program, with 99% of rebate funding supporting vehicles in low-income and Equity Investment Eligible Communities.Helped fund more than 4,600 charging ports and incentivized the purchase or lease of 565 fleet electric vehicles.Delivered more than $52.5 million in rebates and supported more than 3,000 approved rebate applications across northern Illinois through the Business and Public Sector EV Purchase Program, Residential EV Charger and Installation Program and Make-Ready Programs.“The diesel truck fleets of many northern Illinois small businesses are old and in need of replacement with zero-emission EVs for the health of the drivers and the communities through which they drive and deliver. Fleet owners that switch to EVs avoid wildly rising and fluctuating diesel prices. They can be more certain of their total costs as electric vehicles reduce both fuel and maintenance costs,” said Susan Mudd, senior policy advocate at the Environmental Law & Policy Center.
“A recent Chicago region-focused study by Northwestern University researchers found that transitioning 30% of diesel trucks to electric would have significant air quality and health benefits: lower concentrations of health-threatening NO2 and PM2.5 pollutants, reduced health disparities from air pollution exposure now experienced by Black and Hispanic/Latino residents, and fewer climate-changing CO2 emissions. So, ComEd’s EV rebates are good news for small business owners ready to try switching to quiet, zero-emission electrics.”
Creating EV opportunities for customers and communities remains essential as adoption continues to grow across the state. Nearly 176,000 electric vehicles are currently on Illinois roads, including more than 158,000 within ComEd's service territory.
Funding remains available for eligible and select fleet vehicle purchases and leases through ComEd's EV rebate offerings. To learn more about available EV rebates, fleet electrification opportunities and ComEd's EV Ambassador Program, go to ComEd.com/EV.
About ComEd
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving more than 10.7 million electricity and natural gas customers. ComEd powers the lives of more than 4.2 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260821475226/en/
Investors interested in Utility - Electric Power stocks are likely familiar with Exelon (EXC) and DTE Energy (DTE). But which of these two stocks is more attractive to value investors?
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Exelon (EXC - Free Report) is headquartered in Chicago, and is in the Utilities sector. The stock has seen a price change of 3.92% since the start of the year. The energy company is paying out a dividend of $0.42 per share at the moment, with a dividend yield of 3.71% compared to the Utility - Electric Power industry's yield of 3.19% and the S&P 500's yield of 1.32%.
Looking at dividend growth, the company's current annualized dividend of $1.68 is up 5% from last year. Over the last 5 years, Exelon has increased its dividend 3 times on a year-over-year basis for an average annual increase of 0.70%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Exelon's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, EXC expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.86 per share, representing a year-over-year earnings growth rate of 3.25%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that EXC is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Aurora Investment Counsel purchased a new position in Exelon Corporation (NASDAQ:EXC – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,066 shares of the company’s stock, valued at approximately $1,169,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ASR Vermogensbeheer N.V. raised its holdings in shares of Exelon by 28.4% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after purchasing an additional 60,250 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in Exelon by 26.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after buying an additional 45,723 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Exelon by 133.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after buying an additional 289,436 shares during the period. Ethic Inc. boosted its stake in shares of Exelon by 7.6% in the 4th quarter. Ethic Inc. now owns 334,268 shares of the company’s stock worth $14,571,000 after buying an additional 23,567 shares during the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in shares of Exelon in the 4th quarter worth $2,021,000. 80.92% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth Several brokerages recently commented on EXC. KeyCorp cut their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Truist Financial dropped their target price on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, TD Cowen reduced their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.20.
Read Our Latest Research Report on EXC Exelon Stock Performance Shares of NASDAQ EXC opened at $45.30 on Thursday. The firm has a fifty day moving average price of $46.31 and a 200-day moving average price of $46.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market cap of $46.76 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.74 and a beta of 0.31. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65.
Exelon (NASDAQ:EXC – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.
Exelon Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio is 61.54%.
Exelon Profile (Free Report)
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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MERCURY NEWS PHOTO BY JOANNE HOYOUNG LEE—AUGUST 9, 2002 —Boxes of obsolete motherboards, computers, printers, and other misc etrash wait to be processed into the high powered shredder at the HP Recycling Center in Roseville, CA. S(Photo by MediaNews Group/The Mercury News via Getty Images)
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Ask Alexander Olesen why he founded Buckstop, and he replies: Why does a retired EV charger, still packed with several thousand dollars of recoverable metal, get valued by lenders and insurers at zero? Olesen calls that gap a “price discovery problem”—the reason his Washington, D.C.-based startup built an AI system that deconstructs solar panels, batteries and EV chargers into their component metals and assigns them real-time salvage, resale and replacement values. Olesen wants to become “the Kelley Blue Book for electronics” in a U.S. energy-infrastructure market he estimates at $2.4 trillion.
In August, the Exelon Foundation added Buckstop and Public Grid, which helps renters access energy-savings programs, to its portfolio. The foundation writes “modest” checks—up to $300,000 per startup—paired with the access, credibility, and hands-on support that only a utility serving nearly 11 million customers can offer. Buckstop and Public Grid are simply the latest test cases; the foundation is now accepting applications for its next 2c2i round through September 2026.
“We see strong businesses and their climate impact as directly tied together,” Faith Davis, who leads the foundation’s program--known as 2c2i--told me. “That is from the foundation lens, which is a bit unique from the corporate venture investing space, but that’s our lens and why we’re doing what we do.”
Since 2019, the Exelon Foundation has invested in more than 30 climate and clean-energy startups through 2c2i, part of a $20 million commitment to climate-focused investment and entrepreneurship. Those startups have gone on to raise more than $555 million in follow-on capital, generate $548 million in revenue, and create 3,558 jobs, according to Exelon’s 2025 sustainability report. Cumulatively, the portfolio has removed or avoided more than 1.2 million metric tons of carbon dioxide equivalent.
That $20 million adds credibility: for every dollar Exelon has deployed, its portfolio companies have raised roughly $28 more from other investors. National Grid Partners, by contrast, has put $500 million to work since 2018 and reports unlocking $3 billion in follow-on funding—a roughly 6-to-1 ratio. They simply scale differently: National Grid built an internal venture team to write bigger checks itself; Exelon’s foundation uses a smaller pool of dollars to open doors elsewhere.
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A Bridge, Not Just a CheckAlexander Olesen, founder of Buckstop, speaks to Exelon Foundation, which helped finance his company. It recycles batteries and EV chargers and solar panels and assigns their component parts a resale value.
Exelon Foundation
Exelon provides more than capital. “It is the best of both worlds,” Olesen told me, referring to the relationship. “They are the perfect customer for us.” Exelon manages transformers, cables, EV chargers and battery storage across six regulated utilities—exactly the kind of aging infrastructure Buckstop’s software is built to value—and Cox Enterprises, the owner of Kelley Blue Book, is also an investor.
The math is stark: more than 80% of electronics still end up in a landfill, by Olesen’s estimate, and he puts the carbon footprint of recycled metal at roughly 97% lower than virgin material. Reuse, though, carries a stigma other industries have shed. “If you look at any other sector, the auto sector—it’s like 97% of cars have multiple owners,” Olesen said. “In energy, when these things come offline, they’re built to be lost. Circularity—reducing waste to landfills—is both at its core operational efficiency and good business, but it’s also about increasing access and reducing emissions.”
That operational efficiency carries a broader geopolitical weight. With China dominating 70% to 80% of the world’s critical mineral refining capacity, domestic recovery of copper, lithium, and rare earths from retired EV chargers and solar hardware isn’t just an environmental play. It also provides an element of national energy security. Assigning real-time salvage value to discarded grid components turns regional utility scrap into a domestic supply buffer, blunting the impact of foreign supply chain chokepoints.
The other new addition to Exelon’s portfolio, Public Grid, is chasing a more mundane but equally stubborn problem: getting renters to actually sign up for the energy programs already built to lower their bills. The company automatically offers residents community solar subscriptions, demand-response programs, and efficiency rebates without a separate sign-up. Public Grid now works with property owners, managers, and leasing platforms covering more than 750,000 housing units nationwide, alongside backers including Shadow Ventures and Alpaca VC.
“They’ve had very high engagement with people who typically don’t think about these things because they’re renting,” Davis says. For a utility trying to reach a population that moves often, doesn’t own a roof to put solar panels on, and rarely calls in to ask about savings programs, this relationship has value.
Critics Weigh InCorporate-branded climate programs invite skepticism, and Exelon’s foundation model has real limits. A $20 million commitment, spread over seven years and roughly 30 companies, is a fraction of what the biggest utilities are now spending: Duke Energy, for one, raised its five-year capital plan to $103 billion this year. Exelon Foundation checks, capped at $300,000, are seed-sized by venture standards. And Davis acknowledges the foundation doesn’t hold portfolio companies to a specific emissions target, although the company wants to have a major impact.
Critics could reasonably ask whether such loose goals are realistic for these ventures—or an excuse not to dive in headfirst.
The numbers argue against dismissing 2c2i as a PR exercise, though. Davis is emphatic that the investments are equity stakes, not grants. Indeed, Exelon expects a financial return, which funds future investments and other foundation programs.
The $555 million in follow-on capital that outside investors have committed to 2c2i companies is real money, catalyzed by Exelon’s initial bet, not its marketing budget. National Grid Partners cites industry research suggesting startups backed by corporate investors succeed at roughly double the rate of those backed only by financial VCs. Exelon isn’t alone in this: a 2025 survey of utility innovation leaders found 42% were working with startups to drive innovation, up from 26% a year earlier—evidence Exelon’s approach is part of a broader industry shift.
That 42% figure comes from National Grid Partners’ own Utility Innovators Survey of 166 innovation leaders at utility companies worldwide, fielded ahead of this year’s NextGrid Alliance Summit. It’s a useful signal, not an independent census: National Grid Partners has a stake in that narrative, the sample wasn’t broken out by utility type, size, or country, and last year’s 26% figure came from a slightly different question. Still, it points in the same direction as the dollars utilities like Exelon and National Grid are actually deploying.
“It’s been a privilege to help turn promising ideas into pilot projects,” said Najwa Abhoussan, an Exelon director of technology research and development who serves as a 2c2i liaison, “and hopefully into lasting solutions that will benefit communities for decades to come.”
Whether utility-backed venture bets like these are moving the needle on climate at scale remains an open question. The portfolios behind them are still young, and the emissions any one program can point to are small next to what the sector still emits. But the jobs, revenue, and follow-on capital already flowing through 2c2i suggest these investments are generating more than good press. For Exelon, the wager is that a foundation writing modest checks can still make a real dent.
CHICAGO--(BUSINESS WIRE)--ComEd and the Metropolitan Mayors Caucus today announced that 24 local governments, public agencies and nonprofit organizations across Illinois will receive more than $170,000 through the 2026 Powering Safe Communities Program. For the last 12 years, the grant program supports projects that enhance public safety and advance clean energy solutions in communities throughout northern Illinois. “The success of the Powering Safe Communities Program reflects the strong partn.
CHICAGO--(BUSINESS WIRE)--ComEd has restored power to approximately 99% of customers impacted by the Aug. 11-12 storms, nearly completing one of the company's largest restoration efforts of the year. More than 4,500 personnel, contractors and mutual assistance crews supported the response after destructive winds, tornadoes and repeated rounds of severe weather damaged electric infrastructure and disrupted service to nearly 410,000 customers. Crews remain in the field restoring service to remain.
ComEd has restored power to approximately 99% of customers impacted by the Aug. 11-12 storms, nearly completing one of the company's largest restoration efforts
CHICAGO--(BUSINESS WIRE)--ComEd has restored power to more than 80 percent of customers impacted by the severe storms that moved through northern Illinois on August 11 and August 12, bringing destructive winds approaching 100 mph, heavy rainfall, frequent lightning and multiple confirmed tornadoes across portions of the company's service territory. The storms caused widespread damage, downing trees, damaging homes and businesses, breaking utility poles, and disrupting service to nearly 410,000.
CHICAGO--(BUSINESS WIRE)--ComEd crews are working around the clock to restore power across northern Illinois following this week's severe storms, which brought wind gusts of up to 96 MPH and potential tornadoes that downed trees, power lines and utility poles. A new line of storms moved through the service territory Wednesday morning, adding over 35,000 customer outages and delaying restoration efforts already underway in the south region. In total, the two storms have caused nearly 410,000 customer outages across ComEd's service territory and over 275,000 customers have been restored.
To support these efforts, our sister utilities from the East Coast are providing mutual assistance, sending more than 150 overhead lineworkers and control room operators to help with restoration.
Based on current conditions, Wednesday morning's storms have not impacted ComEd's restoration estimates, and the company still anticipates restoring approximately 80% of outages by noon on Aug. 13 and approximately 99% by 11 p.m. on Aug. 15. However, these estimates could be affected by any additional severe weather today or tomorrow, and ComEd will provide updated restoration times as conditions permit.
"More than 4,000 ComEd personnel, crews and contractors remain in the field around the clock, assessing damage, repairing equipment and restoring service as safely and quickly as possible — and now a new storm has moved through our region adding to the challenge our teams are facing. I want to thank every one of our employees and contractors for their tireless dedication and sacrifice this summer; their commitment to our customers has been extraordinary. I also want to thank our customers, especially those in the southern region who have been hit time and time again this season, for their patience and resilience. We know how difficult and exhausting it is to face storm after storm, and we will not rest until every customer has their power back," said David Perez, ComEd's executive vice president and COO.
Restoration Priorities
ComEd crews work on restoring power to customers in the following order:
Downed live wires or potentially life-threatening situations. High-voltage transmission lines and equipment, to restore service to the largest number of affected customers. Critical public health and safety facilities, like hospitals, police and fire stations, and water treatment plants. Major distribution lines and high-density housing. Any remaining smaller neighborhoods and individual homes that have not been restored by prior repair activities. Stay Safe
Public safety is paramount, and ComEd encourages customers to take the following precautions:
If a downed power line is spotted, immediately call ComEd at 1-800-EDISON1 (1-800-334-7661). Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237). Never approach a downed power line. Always assume a power line is energized and extremely dangerous. In the event of an outage, do not approach ComEd crews working to restore power to ask about restoration times. Crews may be working on live electrical equipment, and the perimeter of the work zone may be hazardous. For the latest outage and restoration information, visit: ComEd.com/OutageMap. ComEd urges customers to contact the company immediately if they experience a power outage. Customers can text OUT to 26633 (COMED) to report an outage and receive restoration information and follow the company on X @ComEd or on Facebook at Facebook.com/ComEd. Customers can also call 1-800 EDISON1 (1-800-334-7661), or report outages via the website at ComEd.com/report. Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).
With ComEd’s new Outage Tracker, customers can report outages, check estimated time of restoration, view crew status updates, and explore: ComEd.com/OutageTracker.
ComEd’s mobile app for iPhone and Android® smart phones gives customers the ability to report power outages and manage their accounts; download the app at ComEd.com/app.
CHICAGO--(BUSINESS WIRE)--The Exelon Foundation has added two new companies to its Climate Change Investment Initiative (2c2i) portfolio: Public Grid and Buckstop. The investments reflect Exelon's commitment to supporting solutions that improve affordability, make better use of resources and contribute to a more reliable and sustainable energy future. As electricity demand continues to grow, keeping energy affordable will require innovation across the energy sector. Public Grid is helping conne.
Exelon has secured more than $1 billion in customer protections through pioneering Transmission Security Agreements (TSAs), a major milestone in advancing the [
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Stock to Watch: Exelon (EXC - Free Report) Chicago, IL-based Exelon Corporation completed the previously announced separation of the power generation and competitive energy business, namely Constellation Energy Corp., into a separate entity, which will trade under the symbol “CEG”. Exelon retained the transmission and distribution utility business, which will continue to be called Exelon and trade under the symbol “EXC”. The separation was completed on Feb 1, 2022.
EXC is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.93; value investors should take notice.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $2.86 per share. EXC boasts an average earnings surprise of +6.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EXC should be on investors' short list.
CHICAGO--(BUSINESS WIRE)--Exelon has secured more than $1 billion in customer protections through pioneering Transmission Security Agreements (TSAs), a major milestone in advancing the Exelon Promise to protect families and small businesses and keep bills as low as possible by ensuring large new power users cover their fair share of the costs of the transmission system used to serve customers.As artificial intelligence, electrification, advanced manufacturing and economic development accelerate.
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Based in Chicago, Exelon (EXC - Free Report) is in the Utilities sector, and so far this year, shares have seen a price change of 5.12%. The energy company is paying out a dividend of $0.42 per share at the moment, with a dividend yield of 3.67% compared to the Utility - Electric Power industry's yield of 3.08% and the S&P 500's yield of 1.34%.
Looking at dividend growth, the company's current annualized dividend of $1.68 is up 5% from last year. Over the last 5 years, Exelon has increased its dividend 3 times on a year-over-year basis for an average annual increase of 0.70%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Exelon's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.
EXC is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $2.86 per share, representing a year-over-year earnings growth rate of 3.25%.
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SummaryExelon reported a solid Q2 2026, with a revenue beat, slight EPS miss, and guidance reaffirmed.EXC’s pure T&D model, 7.9% rate base growth, and stable regulatory environment underpin its quality profile.The data center pipeline was cut from 43GW to 36GW, raising caution amid AI-driven utility premium valuations.At 16x forward earnings and a 3.7% yield, EXC trades at fair value, justifying a Hold rating with balanced risk/reward. Wirestock/iStock Editorial via Getty Images
Investment Thesis Exelon (NASDAQ:EXC) just reported its second quarter for 2026, and my honest read is that this is a good company trading at a fair price. Adjusted operating earnings came in at $0.43 per
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ComEd yesterday joined Solar Landscape and Public Storage to announce plans to develop 60 rooftop community solar projects âwith 10 already livenedâacross n
Electric power transmission pylon miniatures and Exelon Corporation logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 30 (Reuters) - Major U.S. utility Exelon (EXC.O), opens new tab on Thursday reported second-quarter adjusted operating earnings in line with its expectations, but reaffirmed its five-year $41 billion capital plan despite revising down its overall data center demand pipeline by 16%.
The company's shares were down 4% in morning trade.
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Exelon reaffirmed its full-year outlook and said it remained on track to deliver annualized earnings growth near the upper end of its long-term target range through 2029.
The utility is focused on meeting growing electricity demand while protecting existing customers from costs tied to speculative large-load projects, including data centers, it added.
Exelon's large-load and data-center pipeline declined to 36 gigawatts from 43 gigawatts after it filtered projects through transmission-security agreements, which require customers to make financial commitments before major system investments are made.
The company's capital plan, however, remains unchanged at $41 billion through 2029. Exelon said it has not included speculative projects in its investment assumptions and that a portion of its remaining large-load pipeline is supported by signed agreements and collateral.
Chief Executive Calvin Butler, who is pushing to change U.S. laws to allow the development of regulated power generation and storage, said a July heat wave pushed PJM electricity demand to a record and prompted the grid operator to use emergency procedures and demand-response resources.
Atlantic City Electric has proposed a transmission-connected battery-storage project in New Jersey that Exelon says could help lower energy costs, improve reliability during peak-demand periods and defer some grid investments.
The project is not included in Exelon's current capital plan, with the company saying it expects a regulatory decision in the first half of next year.
Exelon also cited progress in rate cases and grid-planning proceedings across its service territories, saying the investments are needed to maintain reliability, accommodate demand growth and manage long-term customer costs.
Reporting by Khusbu Jena in Bengaluru and Laila Kearney in New York; Editing by Jonathan Ananda and Laila Kearney
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways Exelon's Q2 adjusted earnings rose 10.3% to 43 cents per share, matching estimates. Revenues climbed 10% to $5.97 billion as higher distribution and transmission rates supported growth. Exelon reaffirmed 2026 EPS guidance in the range of $2.81-$2.91. Exelon Corporation (EXC - Free Report) reported second-quarter 2026 adjusted operating earnings of 43 cents per share, in line with the Zacks Consensus Estimate. Earnings increased 10.3% from 39 cents in the year-ago quarter. Higher distribution and transmission rates across several utilities supported the improvement.
On a GAAP basis, earnings were 39 cents per share, matching the year-ago quarter's reported figure.
Total Revenues of ExelonRevenues totaled $5.97 billion, beating the Zacks Consensus Estimate of $5.66 billion by 5.46%. The top line increased 10% from the year-ago figure of $5.43 billion.
EXC’s Costs Rise as Adjusted Earnings ImproveIn the reported quarter, the company served more customers than in the year-ago quarter. Consequently, total electric deliveries reached 41,742 gigawatt hours in the first six months of 2026, up 0.1% from the year-ago period.
Total operating expenses increased 10.8% year over year to $4.99 billion. The rise was primarily due to higher purchased power and fuel costs, which increased 16.6% to $2.21 billion, as well as a 4.9% jump in operating and maintenance expenses to $1.39 billion.
Operating income amounted to $979 million, up 5.6% year over year.
Interest expenses totaled $574 million, up nearly 8.1% from the year-ago quarter’s level.
In the reported quarter, adjusted net income was $438 million, up 11.7% from $392 million in the year-ago quarter.
EXC Posts Mixed Results Across UtilitiesCommonwealth Edison Company (ComEd): Adjusted earnings increased 9.2% year over year to $249 million. The increase was primarily driven by growth in its distribution and transmission rates based on incremental customer-focused investments, along with higher AFUDC.
PECO Energy Company (PECO): Adjusted operating earnings for the reported quarter declined 4.4% to $130 million. The decrease was mainly attributable to higher depreciation, interest expense and tax-repair-related income taxes, despite support from favorable weather and the absence of customer surcharge credits.
Baltimore Gas and Electric Company (BGE): Adjusted earnings for the second quarter advanced 27.3% to $70 million, reflecting approved distribution rates. Higher credit loss expenses partially offset the benefit.
Pepco Holdings LLC (PHI): Adjusted operating earnings for the reported quarter decreased 12.5% to $126 million. Higher depreciation weighed on results, while approved distribution and transmission rates provided a partial offset.
Exelon’s Cash Flow Rises as Capital Spending & Debt IncreaseCash and cash equivalents totaled $1.81 billion as of June 30, 2026 compared with $626 million at the end of 2025.
As of June 30, 2026, long-term debt was $50.31 billion compared with $47.41 billion as of Dec. 31, 2025.
Exelon generated $3.67 billion in operating cash flow during the first six months of 2026, up from $2.71 billion in the year-ago period.
Capital expenditures for the first six months of 2026 increased to $4.56 billion from $3.96 billion, reflecting the company's continued investment in utility infrastructure.
The company had completed about 86% of its planned 2026 debt financings by the end of the second quarter. Exelon also priced roughly 37% of its $3.4 billion equity requirement through 2029 using forward contracts.
Exelon Advances Storage & Regulatory PlansBGE filed an electric distribution rate case with the Maryland Public Service Commission in July. The utility requested a $156.1 million annual revenues increase based on a 10.40% return on equity. A decision is expected in January 2027.
Atlantic City Electric also filed a proposal for up to 500 megawatts of utility-owned battery storage in New Jersey. The project is targeted for completion by late 2030. Management expects customer benefits to exceed total life-cycle costs, with no customer bill impact through at least 2035.
EXC Reaffirms Its 2026 Earnings OutlookExelon reaffirmed its 2026 adjusted operating earnings guidance of $2.81-$2.91 per share. The company also continues to expect annualized adjusted operating earnings growth near the upper end of its 5-7% target through 2029. The Zacks Consensus Estimate for the same is pinned at $2.86 per share, on par with the midpoint of the company’s guided range.
The outlook is supported by a $41.7 billion capital investment plan and projected rate-base growth of 7.9%. Exelon also identified $12-$17 billion of potential transmission investment opportunities beyond the current plan, primarily related to reliability, load growth, new generation and competitive transmission projects.
EXC's Zacks RankExelon carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Duke Energy (DUK - Free Report) is scheduled to report second-quarter results on Aug. 4, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $1.29 per share, which suggests a year-over-year increase of 3.20%.
DUK’s long-term (three to five years) earnings growth rate is 6.76%. The Zacks Consensus Estimate for 2026 earnings is pinned at $6.72 per share, which implies a year-over-year improvement of 6.50%.
Consolidated Edison (ED - Free Report) is slated to report second-quarter results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 74 cents per share, which implies a year-over-year increase of 10.45%.
ED’s long-term earnings growth rate is 6.32%. The Zacks Consensus Estimate for 2026 earnings is pinned at $6.09 per share, which implies a year-over-year improvement of 6.84%.
PPL Corporation (PPL - Free Report) is scheduled to report second-quarter results on Aug. 7, before the market opens. The Zacks Consensus Estimate for earnings is pegged at 35 cents per share, which implies year-over-year growth of 9.38%.
PPL’s long-term earnings growth rate is 7.52%. The Zacks Consensus Estimate for 2026 earnings is pinned at $1.94 per share, which implies a year-over-year improvement of 7.18%.
2026 Sector Playbook: 3 Sectors Trading Below Fair ValueExelon NASDAQ: EXC reported second-quarter 2026 adjusted operating earnings of $0.43 per share, up from $0.39 per share a year earlier, and reaffirmed its full-year guidance of $2.81 to $2.91 per share.
President and Chief Executive Officer Calvin Butler said the company’s utilities continued to deliver reliability performance that is projected to rank in the industry’s top quartile, with ComEd and Pepco Holdings Inc. utilities projected in the top decile. Butler also reiterated Exelon’s expectation for annualized earnings growth near the upper end of its 5% to 7% target range from 2025 through 2029.
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Best Utilities Stocks for Stability and Growth in 2025The company expects to deploy approximately $10 billion of capital in 2026 for customer-focused infrastructure investments, while targeting a consolidated operating return on equity of 9% to 10%.
Storm response and reliability investments Butler highlighted severe weather challenges in Illinois, where ComEd has experienced 16 major weather events so far this year, its highest level in more than two decades. Illinois has also recorded more tornadoes than any other state, he said.
2 Safe-Haven Stocks Shielded From Import TariffsMonday’s severe storms affected about 530,000 customers, and ComEd restored power to 90% of affected customers within 48 hours, according to Butler. He attributed the response to the company’s workforce and prior investments in grid resilience.
Exelon said its top-quartile reliability performance saved customers an estimated $1 billion in avoided outage costs during 2025. Annual customer interruptions have declined by nearly 2 million since 2021, Butler said. The company also said that every $1 million it invests generates an average of eight jobs or $1.7 million in economic output.
Rate cases and regulatory activity Chief Financial Officer Jeanne Jones said Exelon is advancing several regulatory proceedings across its service territories. Pepco Maryland expects a final order in its traditional electric base rate case next month, while Delmarva Power’s Delaware electric base rate case is expected to receive a final order in the third quarter of 2027.
Baltimore Gas and Electric filed an electric distribution rate case on July 2 seeking a $156.1 million revenue requirement increase under a historic test year. The filing includes revised financing and storm restoration costs, a proposed storm recovery mechanism and additional customer payment flexibility. A decision is expected in January 2027.
Delmarva Power is seeking a $45.4 million revenue requirement increase in Delaware to support system upgrades and reliability investments. It implemented interim rates effective July 9, subject to refund.
At ComEd, Exelon’s grid plan proceeding continues, with hearings scheduled for August and an order expected by Dec. 15. The plan proposes approximately $15.3 billion of investment from 2028 through 2031 for reliability, load growth and Illinois energy-policy objectives.
Butler said BGE delayed its rate-case filing, deferred selected projects and prioritized maintenance and reliability work to help manage customer affordability. However, he said deferring essential work for too long could lead to more outages, higher repair costs and greater long-term costs for customers.
PJM supply concerns drive storage and transmission push Exelon’s executives pointed to resource adequacy concerns in the PJM Interconnection market. Butler said PJM demand reached a record 168 gigawatts during extreme heat in July, prompting emergency procedures and demand-response deployment. Power prices surged from about $80 per megawatt-hour to roughly $800 per megawatt-hour, he said.
The most recent PJM capacity auction fell about 6.8 gigawatts short of PJM’s reliability requirement, according to Butler. Prices cleared at the Federal Energy Regulatory Commission-approved cap for the third consecutive auction. Without the cap, PJM simulations indicated prices of approximately $555 per megawatt-day across the footprint and $777 per megawatt-day in ComEd’s territory, he said.
Butler said Exelon supports an “all-of-the-above” strategy involving transmission, demand-side resources, market-based generation and utility-owned generation where appropriate. He said the company is continuing discussions with states, PJM and FERC on measures intended to protect customers and improve system reliability.
Exelon and Invenergy submitted two additional MISO Tranche 2.1 competitive transmission bids. Atlantic City Electric and Invenergy advanced a proposed 500-megawatt, four-hour battery storage project in Pittsgrove, New Jersey. BGE and Pepco submitted battery-storage projects in Maryland’s distribution-connected storage solicitation. Several Exelon utilities received approvals or advanced plans for virtual power plant programs that aggregate customer-sited resources. Jones said the Pittsgrove project would be the largest battery storage installation in PJM and could power approximately 400,000 homes. The project represents about $1 billion in investment not currently included in Exelon’s plan. She said anticipated PJM market revenues would be returned entirely to customers and that the project is expected to generate more than $700 million in net customer benefits after entering service, with no customer bill impact expected until at least 2035.
Atlantic City Electric filed for approval of a cost-recovery mechanism for the project, with a final order anticipated in the first half of 2027.
Capital plan and financing progress Jones said Exelon’s $41 billion capital plan through 2029 remains unchanged despite the company refining its assessment of data-center demand. Exelon said it now identifies 11 gigawatts of high-probability load growth, including 4 gigawatts supported by signed Transmission Security Agreements and $1 billion of collateral. The remaining 7 gigawatts of high-probability projects predated the TSA process but are further along in development, Jones said.
The company said its TSA process is intended to filter speculative large-load requests and ensure that customers seeking major grid connections make financial commitments tied to needed infrastructure.
Exelon has completed approximately 86% of its 2026 debt financing needs, including all anticipated debt issuance at the holding company, Pepco Holdings, ComEd and BGE, Jones said. The company has also priced approximately 37% of planned equity needs through 2029 through forward contracts under its at-the-market program, including all 2026 needs and half of expected 2027 needs.
For the third quarter, Exelon expects earnings to represent approximately 27% of the midpoint of its full-year guidance range. That outlook incorporates weather, storms, the PECO employee strike earlier in July, and normal weather and storm activity for the remainder of the quarter.
About Exelon (NASDAQ:EXC)Exelon Corporation NASDAQ: EXC is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company's businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon's operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Exelon Corporation (EXC) Q2 2026 Earnings Call July 30, 2026 10:00 AM EDT
Company Participants
Ryan Brown - Vice President of Investor Relations
Calvin Butler - CEO, President & Director
Jeanne Jones - Executive VP of Audit & Risk and CFO
Michael Innocenzo - Executive VP & COO
Carim Khouzami - Executive Vice President Transmission & Development
Conference Call Participants
Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division
Aidan Kelly - JPMorgan Chase & Co, Research Division
Paul Zimbardo - Jefferies LLC, Research Division
Andrew Weisel - Scotiabank Global Banking and Markets, Research Division
Presentation
Operator
Hello, and welcome to Exelon's Second Quarter Earnings Call. My name is Josh, and I will be your event specialist today. [Operator Instructions] Please note that today's webcast is being recorded. [Operator Instructions] It is now my pleasure to turn today's program over to Ryan Brown, Vice President of Investor Relations. The floor is yours.
Ryan Brown
Vice President of Investor Relations
Great. Thank you, Josh. Good morning, everyone. I appreciate you joining us for our 2026 second quarter earnings call. Leading the call today are Calvin Butler, Exelon's President and Chief Executive Officer; and Jeanne Jones, Exelon's Chief Financial Officer. Other members of Exelon's senior management team are also with us today and will be available to answer your questions following our prepared remarks.
Today's presentation, along with our earnings release and other financial information can be found in the Investor Relations section of Exelon's website. We'd also like to remind you that today's presentation and the associated earnings release materials contain forward-looking statements, which are subject to risks and uncertainties. You can find the cautionary statements on these risks on Slide 2 of today's presentation or in our SEC filings.
In addition, today's presentation includes references to adjusted operating earnings and other non-GAAP measures. Reconciliations between these measures
Exelon (EXC - Free Report) reported $5.97 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 10%. EPS of $0.43 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.66 billion, representing a surprise of +5.47%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.43.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Exelon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating revenues- PHI: $1.71 billion versus the two-analyst average estimate of $1.61 billion. The reported number represents a year-over-year change of +8.4%.Operating revenues- BGE: $1.22 billion versus $1.05 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.4% change.Operating revenues- PECO: $1.06 billion versus the two-analyst average estimate of $1.05 billion. The reported number represents a year-over-year change of +6.2%.Operating revenues- ComEd: $1.99 billion versus the two-analyst average estimate of $1.97 billion. The reported number represents a year-over-year change of +8.1%.Adjusted Operating Earnings (non-GAAP)- ComEd: $249 million versus the two-analyst average estimate of $290.77 million.Adjusted Operating Earnings (non-GAAP)- PHI: $126 million compared to the $146.16 million average estimate based on two analysts.Adjusted Operating Earnings (non-GAAP)- BGE: $70 million versus the two-analyst average estimate of $49.49 million.Adjusted Operating Earnings (non-GAAP)- PECO: $130 million versus the two-analyst average estimate of $122.24 million.View all Key Company Metrics for Exelon here>>>
Shares of Exelon have returned +1.7% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
CHICAGO--(BUSINESS WIRE)--Exelon Corporation (Nasdaq: EXC) today reported its financial results for the second quarter of 2026. “At Exelon, we are focused on delivering where it matters most for our customers and communities by providing safe, reliable and affordable energy,” said Exelon President and Chief Executive Officer Calvin Butler. “Our second-quarter results reflect disciplined execution and strong operational performance, keeping us on track to deliver on our financial commitments. As.
Exelon (EXC - Free Report) came out with quarterly earnings of $0.43 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this energy company would post earnings of $0.89 per share when it actually produced earnings of $0.91, delivering a surprise of +2.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Exelon, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $5.97 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.47%. This compares to year-ago revenues of $5.43 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Exelon shares have added about 7.9% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Exelon?While Exelon has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Exelon was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $6.98 billion in revenues for the coming quarter and $2.86 on $25.65 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, NiSource (NI - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This energy holding company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -22.7%. The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level.
NiSource's revenues are expected to be $1.33 billion, up 3.9% from the year-ago quarter.
CHICAGO--(BUSINESS WIRE)--The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.42 per share on Exelon's common stock. The dividend is payable on Tuesday, September 15, 2026, to Exelon's shareholders of record as of the close of business on Friday, September 4, 2026.About ExelonExelon (Nasdaq: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving almost 11 million customers through six fully regulated transmission and distribu.
Wall Street analysts forecast that Exelon (EXC - Free Report) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year increase of 10.3%. It is anticipated that revenues will amount to $5.72 billion, exhibiting an increase of 5.3% compared to the year-ago quarter.
The current level reflects a downward revision of 3.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Exelon metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Operating revenues- PHI' will likely reach $1.61 billion. The estimate suggests a change of +1.7% year over year.
Analysts forecast 'Operating revenues- BGE' to reach $1.05 billion. The estimate suggests a change of +1.8% year over year.
Analysts expect 'Operating revenues- PECO' to come in at $1.05 billion. The estimate indicates a change of +5.2% from the prior-year quarter.
Analysts' assessment points toward 'Operating revenues- ComEd' reaching $1.97 billion. The estimate indicates a change of +7.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Adjusted Operating Earnings (non-GAAP)- ComEd' should arrive at $290.77 million. Compared to the current estimate, the company reported $228.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Adjusted Operating Earnings (non-GAAP)- PHI' at $146.16 million. The estimate compares to the year-ago value of $144.00 million.
The consensus among analysts is that 'Adjusted Operating Earnings (non-GAAP)- BGE' will reach $49.49 million. Compared to the present estimate, the company reported $55.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Adjusted Operating Earnings (non-GAAP)- PECO' of $122.24 million. Compared to the present estimate, the company reported $136.00 million in the same quarter last year.
View all Key Company Metrics for Exelon here>>>
Over the past month, Exelon shares have remained unchanged versus the Zacks S&P 500 composite's +1.7% change. Based on its Zacks Rank #2 (Buy), EXC will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Dai ichi Life Insurance Company Ltd lifted its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 60.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,817 shares of the company’s stock after purchasing an additional 15,730 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Exelon were worth $2,050,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Resonant Capital Advisors LLC boosted its stake in Exelon by 2.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock worth $460,000 after purchasing an additional 217 shares during the period. PFG Investments LLC increased its position in shares of Exelon by 1.6% during the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after buying an additional 218 shares during the period. Texas Bank & Trust Co increased its position in shares of Exelon by 1.5% during the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after buying an additional 229 shares during the period. Plimoth Trust Co. LLC increased its position in shares of Exelon by 1.8% during the fourth quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock valued at $569,000 after buying an additional 230 shares during the period. Finally, Westfuller Advisors LLC lifted its holdings in shares of Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock worth $103,000 after buying an additional 232 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.
Exelon News Roundup Here are the key news stories impacting Exelon this week:
Positive Sentiment: Wells Fargo maintained its Buy rating on Exelon, which can support investor confidence and suggests at least one major firm still sees upside in the shares. Wells Fargo Sticks to Their Buy Rating for Exelon (EXC) Neutral Sentiment: Exelon’s “time of day pricing” launch is putting its valuation back in focus, indicating the market is reassessing the stock’s worth rather than responding to a clear operational surprise. Exelon (EXC) Time Of Day Pricing Launch Puts Valuation Back In Focus Neutral Sentiment: KeyCorp reiterated a cautious stance on Exelon, issuing an Underweight rating with a $41 price target and estimates for Q2, Q3, Q4 2026 and FY2030 earnings; this may pressure sentiment by reinforcing a more conservative view on the stock’s upside. Neutral Sentiment: Exelon’s short-interest update showed no reported short interest, which does not point to a meaningful bearish trading signal at the moment. Neutral Sentiment: Zacks noted that Exelon’s upcoming earnings report may not be set up for a likely beat, keeping investors focused on execution risks ahead of the release. Exelon (EXC) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release Exelon Stock Performance Shares of EXC opened at $47.53 on Monday. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market cap of $48.63 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31. The stock has a 50-day moving average price of $46.16 and a 200-day moving average price of $46.50.
Exelon (NASDAQ:EXC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. Exelon’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.
Exelon Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s payout ratio is currently 61.54%.
Analyst Ratings Changes A number of equities analysts have recently commented on EXC shares. Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and cut their price objective for the company from $55.00 to $50.00 in a research report on Monday, April 20th. Truist Financial upped their target price on shares of Exelon from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Mizuho set a $48.00 target price on shares of Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, TD Cowen cut their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.33.
Read Our Latest Analysis on EXC
About Exelon (Free Report)
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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EXC's Q2 earnings may have benefited from decoupled revenues and rising electricity demand, while storm restoration costs are likely to pressure results.
Dimensional Fund Advisors LP lifted its position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,765,827 shares of the company’s stock after buying an additional 104,403 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.37% of Exelon worth $184,602,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of EXC. Bell Investment Advisors Inc raised its holdings in Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in shares of Exelon during the fourth quarter worth $25,000. Optima Capital LLC acquired a new stake in shares of Exelon during the fourth quarter worth $25,000. SHP Wealth Management purchased a new stake in shares of Exelon in the fourth quarter valued at $26,000. Finally, Leonteq Securities AG purchased a new stake in shares of Exelon in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.
More Exelon News Here are the key news stories impacting Exelon this week:
Positive Sentiment: Wells Fargo maintained its Buy rating on Exelon, which can support investor confidence and suggests at least one major firm still sees upside in the shares. Wells Fargo Sticks to Their Buy Rating for Exelon (EXC) Neutral Sentiment: Exelon’s “time of day pricing” launch is putting its valuation back in focus, indicating the market is reassessing the stock’s worth rather than responding to a clear operational surprise. Exelon (EXC) Time Of Day Pricing Launch Puts Valuation Back In Focus Neutral Sentiment: KeyCorp reiterated a cautious stance on Exelon, issuing an Underweight rating with a $41 price target and estimates for Q2, Q3, Q4 2026 and FY2030 earnings; this may pressure sentiment by reinforcing a more conservative view on the stock’s upside. Neutral Sentiment: Exelon’s short-interest update showed no reported short interest, which does not point to a meaningful bearish trading signal at the moment. Neutral Sentiment: Zacks noted that Exelon’s upcoming earnings report may not be set up for a likely beat, keeping investors focused on execution risks ahead of the release. Exelon (EXC) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release Wall Street Analyst Weigh In Several research firms recently commented on EXC. Royal Bank Of Canada dropped their target price on Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 20th. Mizuho set a $48.00 price target on Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. TD Cowen lowered their price target on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Morgan Stanley dropped their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Finally, Truist Financial increased their price objective on shares of Exelon from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.33.
Get Our Latest Research Report on Exelon
Exelon Trading Up 0.5% Shares of EXC stock opened at $47.53 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The stock has a market cap of $48.63 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31. The firm’s 50 day moving average price is $46.16 and its two-hundred day moving average price is $46.48. Exelon Corporation has a fifty-two week low of $42.58 and a fifty-two week high of $50.65.
Exelon (NASDAQ:EXC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts anticipate that Exelon Corporation will post 2.86 EPS for the current year.
Exelon Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.
Exelon Profile (Free Report)
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Exelon (EXC - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis energy company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +35.9%.
Revenues are expected to be $5.69 billion, up 4.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.91% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Exelon?For Exelon, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -14.56%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Exelon will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Exelon would post earnings of $0.89 per share when it actually produced earnings of $0.91, delivering a surprise of +2.25%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Exelon doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Utility - Electric Power industry, Entergy (ETR - Free Report) , is soon expected to post earnings of $1.05 per share for the quarter ended June 2026. This estimate indicates no change from the year-ago quarter. Revenues for the quarter are expected to be $3.56 billion, up 6.9% from the year-ago quarter.
The consensus EPS estimate for Entergy has been revised 1% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -9.77%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Entergy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
ABN Amro Investment Solutions grew its position in Exelon Corporation (NASDAQ:EXC – Free Report) by 14.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,220 shares of the company’s stock after buying an additional 17,017 shares during the quarter. ABN Amro Investment Solutions’ holdings in Exelon were worth $6,579,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in EXC. Vanguard Group Inc. raised its holdings in shares of Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after buying an additional 595,555 shares in the last quarter. State Street Corp boosted its stake in Exelon by 4.0% in the fourth quarter. State Street Corp now owns 66,623,103 shares of the company’s stock valued at $2,904,101,000 after buying an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC grew its position in Exelon by 3.0% in the fourth quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock valued at $1,008,239,000 after acquiring an additional 683,950 shares during the last quarter. Deutsche Bank AG grew its position in Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock valued at $913,853,000 after acquiring an additional 595,655 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Exelon by 2.2% during the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after acquiring an additional 393,917 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.
Wall Street Analyst Weigh In A number of research firms have recently commented on EXC. TD Cowen dropped their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Citigroup started coverage on shares of Exelon in a research report on Thursday, March 26th. They issued a “buy” rating and a $58.00 target price on the stock. Finally, Truist Financial boosted their target price on shares of Exelon from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.33.
Get Our Latest Report on EXC
Exelon Stock Performance Exelon stock opened at $46.70 on Thursday. The business has a 50 day moving average of $46.02 and a 200-day moving average of $46.45. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market capitalization of $47.78 billion, a P/E ratio of 17.11, a P/E/G ratio of 2.66 and a beta of 0.31.
Exelon (NASDAQ:EXC – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the company earned $0.92 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.86 earnings per share for the current year.
Exelon Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Thursday, June 4th. Exelon’s payout ratio is 61.54%.
Exelon Company Profile (Free Report)
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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Investors might want to bet on Exelon (EXC - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Exelon basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Exelon, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for ExelonFor the fiscal year ending December 2026, this energy company is expected to earn $2.86 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Exelon. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Exelon to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
CHICAGO--(BUSINESS WIRE)--As rising energy supply costs continue placing a financial burden on families and small businesses, Exelon launched its new “ON for You” advertising campaign featuring real customers discussing energy affordability and reliability while underscoring the public utility company's efforts to keep bills as low as possible and deliver safe, reliable energy to the communities it serves. View Exelon's 30-second “ON for You” advertisement and the customer stories that will be.
As small-business owners face rising operating costs, ComEd is marking a major milestone: more than 100,000 small businesses across northern Illinois have compl
CHICAGO--(BUSINESS WIRE)--ComEd today announced the successful energization of two new 345 kV transmission substations to its grid, enabling the interconnection of up to 550 megawatts (MW) of wind generation in LaSalle and Woodford counties. With unprecedented demand for electricity across the US and here in Illinois, ComEd customers have seen the impact of higher PJM, the electric transmission grid operator for 65 million people in 13 states and the District of Columbia, including ComEd's serv.
About 95% of customers impacted by four rounds of severe storms restored; work continues Sunday to bring remaining customers
CHICAGO--(BUSINESS WIRE)--ComEd crews are entering the final stretch of restoration efforts after four rounds of severe weather swept across northern Illinois beginning Thursday night, with additional storms rolling through Friday and a fourth system striking on Saturday. In total, nearly 297,000 customers were impacted across the service territory. As of 11:30 a.m. Sunday, ComEd had restored power to more than 283,000 customers, with roughly 14,000 remaining without service. About 95 percent of impacted customers have been restored, and crews will continue working around the clock through the holiday weekend to safely bring every customer back online.
The most severe impacts were felt in ComEd's north and south regions, with Tinley Park, Burbank, Homewood and several southern wards in the City of Chicago among the hardest-hit areas. Crews continue clearing extensive tree damage and rebuilding portions of the electric system in these communities.
More than 1,900 ComEd personnel and contractors are dedicated to restoration efforts, working in shifts around the clock to ensure power is restored safely to all customers.
“We’ve seen an unprecedented series of storms move through northern Illinois over the last few days, each bringing new damage to communities that were already working to recover,” said David Perez, executive vice president and COO of ComEd. “Our crews are out in force and will continue working safely through the holiday weekend to get every customer restored as quickly as possible.”
ComEd thanks the dedicated men and women who have worked long hours to respond to these storms — stepping away from their families and braving adverse weather conditions to repair the grid and get customers back online. We are also grateful to customers for their patience and understanding as restoration continues.
Public safety is paramount, and ComEd encourages customers to take the following precautions:
If a downed power line is spotted, please immediately call ComEd at 1-800-EDISON1 (1-800-334-7661). Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237). Never approach a downed power line. Always assume a power line is energized and extremely dangerous. In the event of an outage, do not approach ComEd crews working to restore power to ask about restoration times. Crews may be working on live electrical equipment, and the perimeter of the work zone may be hazardous. ComEd urges customers to contact the company immediately if they experience a power outage. Customers can text OUT to 26633 (COMED) to report an outage and receive restoration information and can follow the company on X @ComEd or on Facebook at Facebook.com/ComEd. Customers can also call 1-800 EDISON1 (1-800-334-7661), or report outages via the website at ComEd.com/report. Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).
With ComEd’s new Outage Tracker, customers can report outages, check estimated time of restoration, view crew status updates, and explore our outage map. Visit ComEd.com/OutageTracker.
ComEd’s mobile app for iPhone and Android® smart phones gives customers the ability to report power outages and manage their accounts; download the app at ComEd.com/app.
CHICAGO--(BUSINESS WIRE)--Exelon will hold its second quarter 2026 earnings conference call at 9:00 a.m. CT / 10:00 a.m. ET on Thursday, July 30, 2026. The conference call will be led by Exelon President and CEO, Calvin Butler, and Exelon Executive Vice President and CFO, Jeanne Jones. To listen to or view the upcoming earnings presentation, please access the live listen-only webcast here. The audio webcast link will also be available on the Investor Relations page and will be archived and avai.
ComEd crews are entering the final stretch of restoration efforts after four rounds of severe weather swept across northern Illinois beginning Thursday night,
Customers in the western suburbs asked to conserve energy until 8:00 PM on Friday
CHICAGO--(BUSINESS WIRE)--Following work to maintain the grid during three days of extreme heat, ComEd crews are restoring power to customers impacted by severe storms that moved through northern Illinois Thursday night. The storms had heavy rain, lightning and wind gusts in excess of 50 miles per hour. Since the storms began, more than 45,000 customers have been restored. 10,400 customers remain out of power.
Additional severe weather is possible on Friday and through the holiday weekend, with high temperatures in the 90s expected on Friday. Prolonged extreme heat across northern Illinois continues to place significant stress on our electric system, and we are deploying every available resource to maintain reliable service, including using generators to help ease strain on the grid.
ComEd has previously asked customers in the suburbs and city neighborhoods to conserve energy after repairs to the substation were needed due in part to the extreme heat. That conservation request continues until 8:00 PM Friday.
“We have had our Emergency Operation Center open since Tuesday while we made repairs to a substation impacted by the extreme heat in the western suburbs,” said David Perez, executive vice president and COO of ComEd. “We will continue to monitor the grid and work quickly and safely to restore customers impacted by last night’s storms.”
Public safety is paramount, and ComEd encourages customers to take the following precautions:
If a downed power line is spotted, please immediately call ComEd at 1-800-EDISON1 (1-800-334-7661). Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237). Never approach a downed power line. Always assume a power line is energized and extremely dangerous. In the event of an outage, do not approach ComEd crews working to restore power to ask about restoration times. Crews may be working on live electrical equipment, and the perimeter of the work zone may be hazardous. ComEd urges customers to contact the company immediately if they experience a power outage. Customers can text OUT to 26633 (COMED) to report an outage and receive restoration information and can follow the company on X @ComEd or on Facebook at Facebook.com/ComEd. Customers can also call 1-800 EDISON1 (1-800-334-7661), or report outages via the website at ComEd.com/report. Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).
With ComEd’s new Outage Tracker, customers can report outages, check estimated time of restoration, view crew status updates, and explore our outage map. Visit ComEd.com/OutageTracker.
ComEd’s mobile app for iPhone and Android® smart phones gives customers the ability to report power outages and manage their accounts; download the app at ComEd.com/app.
New first-of-its-kind program in Illinois will support grid affordability and reliability while allowing customers with battery storage to earn incentives for participating
CHICAGO--(BUSINESS WIRE)--ComEd today announced that the Illinois Commerce Commission (ICC) has approved the company’s proposal to launch a new Scheduled Dispatch Virtual Power Plant (SDVPP) program, an initiative shaped by Illinois’ Clean and Reliable Grid Affordability Act (CRGA). At the direction of CRGA, the program is designed to increase the amount of battery storage available across northern Illinois that can be deployed during times of high electricity demand, helping to relieve pressure on the grid and support reliability and affordability for customers.
A virtual power plant, or VPP, brings together many customer‑owned energy resources, such as battery storage and solar, also known as distributed energy resources (DERs), and coordinates them to act as a single power source. By working in tandem, these resources can supply energy to the grid during periods of highest demand. The new SDVPP program, expected to become available in 2027, will allow customers who choose to participate to send stored energy from their batteries back to the grid during pre‑defined times when the system is most strained.
VPPs are an important tool for managing growing electricity demand, supporting grid reliability, and creating opportunities for customers to earn incentives in recognition of their support for resource adequacy and broader customer affordability.
“ComEd is focused on advancing innovative solutions that strengthen the grid while helping customers better manage their energy use and costs,” said Andrew Plenge, vice president of strategy and energy policy at ComEd. “This Scheduled Dispatch Virtual Power Plant program, as envisioned by CRGA, is an important step in bolstering the potential of customer-sited energy resources to make the grid more resilient during periods of peak demand while helping customers receive additional value for their support at a time when supply costs are rising.”
Driven by economic development, electrification, the growth of data centers and increasingly extreme weather, electricity demand continues to rise. Programs like virtual power plants help keep the grid resilient during periods of highest electricity use by using energy that customers have already generated or stored. By supporting the grid during peak demand, VPPs can also help manage system upgrade costs as new demand is added, reducing the need for more expensive infrastructure investments over time.
ComEd’s SDVPP proposal builds on Illinois’ clean energy policies and consistent with CRGA, will expand on this first VPP offering by 2029 to include other distributed energy resources such as electric vehicles.
“This program is exactly what Illinois lawmakers intended when they passed the Clean and Reliable Affordable Grid Act last fall: a way to quickly put distributed energy resources to work for the whole grid,” said Will Kenworthy, Midwest Regulatory Director at Vote Solar. “We are excited to see ComEd move quickly to stand up the Scheduled Dispatch Virtual Power Plant, which rewards customers for sharing their stored energy during peak demand while driving down system costs for all ratepayers. It’s a model for how the clean energy transition can save people money.”
The SDVPP is the latest example of how ComEd is expanding programs that give customers more tools and incentives to better manage their energy use while supporting grid flexibility and reliability. These efforts build on ComEd’s broader investments in energy efficiency, distributed generation and other customer programs. In recent years, the company has awarded more than $2.5 billion in incentives to help offset the cost of energy-efficiency improvements and connected approximately 1.8 gigawatts of distributed energy resources to the grid.
About ComEd
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving almost 11 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state's population. For more information visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X, and YouTube.
