Exelon Corp
NASDAQ:EXC

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Exelon Corp
NASDAQ:EXC
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Price: 44.73 USD 1.31%
Market Cap: 45.2B USD

Exelon Corp
Investor Relations

Perched at the burgeoning intersection of sustainable energy and traditional utilities, Exelon Corp stands as a prominent force in the American power sector. Formed from the merger of PECO Energy Company and Unicom Corp in 2000, Exelon has gone on to craft an indelible mark by maneuvering its vast influence in the energy market. As one of the nation’s leading competitive energy providers, the company's core operations revolve around electricity generation, transmission, and distribution. It commands an impressive portfolio of nuclear, natural gas, wind, hydroelectric, and solar energy facilities, while strategically navigating the convoluted terrains of regulatory frameworks and market demands. With a diversified mix of energy production assets, Exelon not only hedges against market volatility but also positions itself as a leader in clean energy, dedicating itself to reducing emissions while steadily enhancing energy reliability and affordability.

Behind its sprawling operational presence lies a robust financial model that drives its profitability. Through its subsidiary utilities—namely Commonwealth Edison, PECO, Baltimore Gas and Electric, among others—Exelon serves millions of customers across the Midwest and the Atlantic. The company capitalizes on its regulated energy delivery businesses that provide a stable revenue stream through residential, commercial, and industrial billing. Meanwhile, its competitive generation segment seizes opportunities in wholesale energy markets, strategically placing its power generation capabilities to meet fluctuating demand patterns. Additionally, Exelon’s investments in transmission infrastructure amplify its revenue potential, as the need for modern electricity grids becomes increasingly apparent. By aligning its technological advancements with customer-centric innovations, Exelon not only fosters sustainable growth but also fortifies its resilience amidst the dynamic shifts of the energy landscape.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

Earnings Beat: Exelon reported third quarter earnings of $0.86 per share, above expectations and up from $0.71 last year, helped by warmer weather and favorable storm conditions.

Guidance Reaffirmed: Management reaffirmed 2025 operating earnings guidance of $2.64 to $2.74 per share and remains confident in delivering at or above the midpoint.

Strong Operational Performance: Exelon’s utilities achieved top industry reliability rankings, improving on last year's positions.

Regulatory Progress: Multiple rate cases and settlements are progressing as planned, with decisions expected by year-end or early 2026.

Transmission & Load Growth: Exelon highlighted a large pipeline of over 19 gigawatts of new large loads, driving transmission investment and future rate base growth.

Financial Flexibility: The company completed all planned long-term debt issuances for the year and has already priced nearly half of its equity needs through 2028.

Legislative Tailwinds: New Illinois legislation expands energy efficiency, storage, and distributed generation investment opportunities.

Key Financials
Earnings Per Share
$0.86
Earnings Per Share (Q3 2024)
$0.71
Rate Base Growth
7.4% through 2028
Annualized Operating Earnings Growth Rate
5% to 7% through 2028
Allowed Return on Equity
9% to 10%
Large Load Pipeline
over 19 gigawatts
Equity Needs Priced Through 2028
nearly half
2026 Annualized Equity Needs Priced
$663 million or 95%
Credit Metric Cushion
100 to 200 basis points above Moody's downgrade threshold of 12%, approaching 14% at end of guidance period
Earnings Call Recording
Other Earnings Calls

Management

Mr. David Andrew Glockner
Executive Vice President of Compliance, Audit & Risk
No Bio Available
Mr. Gil C. Quiniones
CEO & President of Commonwealth Edison Company
No Bio Available
Mr. Michael A. Innocenzo
Executive VP & COO
No Bio Available
Ms. Jessica K. Hart
Senior VP & Chief Investment Officer
No Bio Available
Mr. Robert A. Kleczynski
Senior VP, Corporate Controller & Tax and Principal Accounting Officer
No Bio Available
Ms. Cynthia McCabe
Senior VP, Chief of Staff & Chief Communications Officer
No Bio Available
Ms. Denise Galambos
Senior VP and Chief People & Equity Officer
No Bio Available
Mr. Kyle B. Crowley
Chief Development Officer & Senior VP
No Bio Available
Mr. Drew Ierardi
Managing Director of Private Markets
No Bio Available
Mr. David Fein
Senior Vice President of State Governmental & Regulatory Affairs
No Bio Available

Contacts

Address
ILLINOIS
Chicago
Po Box 805398
Contacts
+13123947399.0
www.exeloncorp.com