What changed
Exelon reported Q2 2026 adjusted operating EPS of $0.43, in line with consensus expectations, up from $0.39 in Q2 2025. Revenue quality is supported by higher utility earnings from distribution/transmission rate increases at ComEd, PHI, and BGE, partially offset by higher depreciation and interest expense. The key driver is disciplined execution on rate cases and grid modernization investments, with no one-time items; the company affirmed FY26 guidance of $2.81-$2.91 per share and 5-7% long-term EPS growth.
Why it matters
Exelon reported Q2 2026 adjusted operating EPS of $0.43, in line with consensus expectations, up from $0.39 in Q2 2025. Revenue quality is supported by higher utility earnings from distribution/transmission rate increases at ComEd, PHI, and BGE, partially offset by higher depreciation and interest expense. The key driver is disciplined execution on rate cases and grid modernization investments, with no one-time items; the company affirmed FY26 guidance of $2.81-$2.91 per share and 5-7% long-term EPS growth.