Exelon Corporation Q4 2025 Earnings Call Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy EXC?
Source: seekingalpha
- Strong Financial Performance: Exelon reported adjusted operating earnings per share of $2.77 for 2025, exceeding expectations and demonstrating a 7.4% annual earnings growth rate since 2021, alongside an 8% rate base growth, highlighting its ability to consistently execute amidst changes.
- Expanded Investment Plan: The company plans to invest $41.3 billion over the next four years, with 70% of the increase directed towards transmission, which is expected to drive future earnings growth and meet rising demand for high-voltage investments.
- Leading Reliability Metrics: Exelon maintained top-quartile reliability metrics in 2024, with less than 1% of customers experiencing outages during extreme weather, showcasing its robust response capabilities and further solidifying its market position.
- Positive Future Outlook: Management anticipates operating earnings guidance of $2.81 to $2.91 per share for 2026, and with strong cost management and completed rate cases, expects annualized earnings growth of 5% to 7% in the coming years.
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Analyst Views on EXC
Wall Street analysts forecast EXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXC is 49.46 USD with a low forecast of 39.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
7 Buy
6 Hold
2 Sell
Moderate Buy
Current: 44.450
Low
39.00
Averages
49.46
High
57.00
Current: 44.450
Low
39.00
Averages
49.46
High
57.00
About EXC
Exelon Corporation is a utility services holding company engaged in the energy transmission and distribution businesses through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Its segments include ComEd, PECO, BGE, Pepco, DPL and ACE. ComEd segment is engaged in purchasing and regulating the retail sale of electricity. PECO segment is engaged in purchasing and regulating the retail sale of electricity and natural gas. Through its business services subsidiary, Exelon Business Services Company, LLC (BSC), it provides its subsidiaries with a variety of support services at cost, including legal, human resources, finance, information technology and supply management services. BGE segment is focused on transmission and distribution of electricity and distribution of natural gas to retail customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Exelon Corporation Q4 2025 Earnings Call Highlights
- Strong Financial Performance: Exelon reported adjusted operating earnings per share of $2.77 for 2025, exceeding expectations and demonstrating a 7.4% annual earnings growth rate since 2021, alongside an 8% rate base growth, highlighting its ability to consistently execute amidst changes.
- Expanded Investment Plan: The company plans to invest $41.3 billion over the next four years, with 70% of the increase directed towards transmission, which is expected to drive future earnings growth and meet rising demand for high-voltage investments.
- Leading Reliability Metrics: Exelon maintained top-quartile reliability metrics in 2024, with less than 1% of customers experiencing outages during extreme weather, showcasing its robust response capabilities and further solidifying its market position.
- Positive Future Outlook: Management anticipates operating earnings guidance of $2.81 to $2.91 per share for 2026, and with strong cost management and completed rate cases, expects annualized earnings growth of 5% to 7% in the coming years.
See More
Exelon Surges 7% After Beating Q4 Earnings Estimates
- Earnings Beat: Exelon surged 7% in Thursday's trading, becoming one of the biggest gainers on the S&P 500, driven by Q4 adjusted earnings of $0.59 per share, which, while below last year's $0.64, exceeded market expectations.
- PECO Unit Decline: The company's PECO unit, Pennsylvania's largest electric and natural gas utility, reported a 17% year-over-year decline in earnings to $162 million, primarily due to rising taxes and costs, highlighting challenges in cost management.
- Stable Future Guidance: Exelon issued in-line guidance for FY 2026 adjusted EPS of $2.81-$2.91, closely aligning with the FactSet analyst consensus of $2.83, indicating confidence in future performance.
- Increased Capital Spending: The company projected $41.3 billion in capital spending over the next four years, up from $38 billion previously, with a 7.9% rate base growth expected, positioning Exelon to achieve annualized earnings growth near the upper end of its 5%-7% guidance range through 2029.
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Exelon (EXC) Declares 5% Dividend Increase to $0.42 per Share
- Dividend Increase: Exelon has declared a quarterly dividend increase from $0.40 to $0.42 per share, marking a 5% rise that reflects the company's stable cash flow and profitability, thereby enhancing investor confidence.
- Yield Performance: Following this adjustment, Exelon's forward yield stands at 3.51%, providing relative attractiveness in the current market environment, which may draw in more income-seeking investors.
- Payment Schedule: The new dividend will be payable on March 13, with a record date of March 2 and an ex-dividend date also set for March 2, ensuring shareholders receive their earnings promptly and reinforcing the company's relationship with investors.
- Market Reaction: Despite some volatility in Exelon's financial performance, this dividend increase could improve market perceptions of its stock, especially given the uncertainties in the company's future outlook, as a stable dividend policy will help attract long-term investors.
See More
HubSpot Reports Strong Q3 Earnings, Shares Surge 9.4%
- Earnings Beat: HubSpot reported quarterly earnings of $3.09 per share, surpassing analyst expectations of $2.99, indicating robust profitability and boosting market confidence in the company's future performance.
- Significant Revenue Growth: The quarterly revenue reached $846.75 million, exceeding the Street estimate of $830.54 million and marking a 20.4% increase from $703.17 million in the same period last year, showcasing HubSpot's competitive strength in the market.
- Stock Price Surge: Following the positive earnings report, HubSpot's shares jumped 9.4% to $228.93 on Thursday, reflecting investor optimism about the company's growth potential and likely attracting more investor interest.
- Mixed Market Performance: While U.S. stocks showed mixed results overall, HubSpot's strong performance distinguished it among many stocks, demonstrating relative resilience and appeal in a fluctuating market.
See More
Exelon Q4 Earnings Beat Expectations with 2026 Guidance
- Earnings Highlights: Exelon's Q4 non-GAAP EPS of $0.59 exceeded expectations by $0.04, demonstrating resilience in profitability, although revenue of $5.41 billion fell 1.1% year-over-year and missed estimates, reflecting increased market competition pressures.
- 2026 Earnings Guidance: The company introduced its first adjusted EPS guidance for 2026 in the range of $2.81-$2.91, representing over 6% growth from 2025 guidance and surpassing the $2.83 consensus, indicating management's confidence in future earnings growth.
- Capital Expenditure Plans: Exelon plans to invest $41.3 billion over the next four years to support customer needs and grid reliability, which is expected to drive a 7.9% rate base growth and position operating EPS for a compounded annual growth rate near the top end of 5-7% from 2025 to 2029.
- Updated Financing Strategy: The company updated its four-year financing plan to include $3.4 billion in equity to fund capital expenditures, aligning with a balanced funding strategy that utilizes approximately 40% equity, implying an annualized equity need of $850 million, with 82% of 2026 needs priced under forwards, ensuring funding stability.
See More
Stocks Close Steady Following Robust Jobs Data
Market Movement: The S&P 500 attempted to reach the 7,000 mark during trading.
End of Day Status: Despite the early gains, the index closed the day at its starting point.
See More
Exelon Corporation Q4 2025 Earnings Call Highlights
- Strong Financial Performance: Exelon reported adjusted operating earnings per share of $2.77 for 2025, exceeding expectations and demonstrating a 7.4% annual earnings growth rate since 2021, alongside an 8% rate base growth, highlighting its ability to consistently execute amidst changes.
- Expanded Investment Plan: The company plans to invest $41.3 billion over the next four years, with 70% of the increase directed towards transmission, which is expected to drive future earnings growth and meet rising demand for high-voltage investments.
- Leading Reliability Metrics: Exelon maintained top-quartile reliability metrics in 2024, with less than 1% of customers experiencing outages during extreme weather, showcasing its robust response capabilities and further solidifying its market position.
- Positive Future Outlook: Management anticipates operating earnings guidance of $2.81 to $2.91 per share for 2026, and with strong cost management and completed rate cases, expects annualized earnings growth of 5% to 7% in the coming years.
See More
Exelon Surges 7% After Beating Q4 Earnings Estimates
- Earnings Beat: Exelon surged 7% in Thursday's trading, becoming one of the biggest gainers on the S&P 500, driven by Q4 adjusted earnings of $0.59 per share, which, while below last year's $0.64, exceeded market expectations.
- PECO Unit Decline: The company's PECO unit, Pennsylvania's largest electric and natural gas utility, reported a 17% year-over-year decline in earnings to $162 million, primarily due to rising taxes and costs, highlighting challenges in cost management.
- Stable Future Guidance: Exelon issued in-line guidance for FY 2026 adjusted EPS of $2.81-$2.91, closely aligning with the FactSet analyst consensus of $2.83, indicating confidence in future performance.
- Increased Capital Spending: The company projected $41.3 billion in capital spending over the next four years, up from $38 billion previously, with a 7.9% rate base growth expected, positioning Exelon to achieve annualized earnings growth near the upper end of its 5%-7% guidance range through 2029.
See More
Exelon (EXC) Declares 5% Dividend Increase to $0.42 per Share
- Dividend Increase: Exelon has declared a quarterly dividend increase from $0.40 to $0.42 per share, marking a 5% rise that reflects the company's stable cash flow and profitability, thereby enhancing investor confidence.
- Yield Performance: Following this adjustment, Exelon's forward yield stands at 3.51%, providing relative attractiveness in the current market environment, which may draw in more income-seeking investors.
- Payment Schedule: The new dividend will be payable on March 13, with a record date of March 2 and an ex-dividend date also set for March 2, ensuring shareholders receive their earnings promptly and reinforcing the company's relationship with investors.
- Market Reaction: Despite some volatility in Exelon's financial performance, this dividend increase could improve market perceptions of its stock, especially given the uncertainties in the company's future outlook, as a stable dividend policy will help attract long-term investors.
See More
HubSpot Reports Strong Q3 Earnings, Shares Surge 9.4%
- Earnings Beat: HubSpot reported quarterly earnings of $3.09 per share, surpassing analyst expectations of $2.99, indicating robust profitability and boosting market confidence in the company's future performance.
- Significant Revenue Growth: The quarterly revenue reached $846.75 million, exceeding the Street estimate of $830.54 million and marking a 20.4% increase from $703.17 million in the same period last year, showcasing HubSpot's competitive strength in the market.
- Stock Price Surge: Following the positive earnings report, HubSpot's shares jumped 9.4% to $228.93 on Thursday, reflecting investor optimism about the company's growth potential and likely attracting more investor interest.
- Mixed Market Performance: While U.S. stocks showed mixed results overall, HubSpot's strong performance distinguished it among many stocks, demonstrating relative resilience and appeal in a fluctuating market.
See More
Exelon Q4 Earnings Beat Expectations with 2026 Guidance
- Earnings Highlights: Exelon's Q4 non-GAAP EPS of $0.59 exceeded expectations by $0.04, demonstrating resilience in profitability, although revenue of $5.41 billion fell 1.1% year-over-year and missed estimates, reflecting increased market competition pressures.
- 2026 Earnings Guidance: The company introduced its first adjusted EPS guidance for 2026 in the range of $2.81-$2.91, representing over 6% growth from 2025 guidance and surpassing the $2.83 consensus, indicating management's confidence in future earnings growth.
- Capital Expenditure Plans: Exelon plans to invest $41.3 billion over the next four years to support customer needs and grid reliability, which is expected to drive a 7.9% rate base growth and position operating EPS for a compounded annual growth rate near the top end of 5-7% from 2025 to 2029.
- Updated Financing Strategy: The company updated its four-year financing plan to include $3.4 billion in equity to fund capital expenditures, aligning with a balanced funding strategy that utilizes approximately 40% equity, implying an annualized equity need of $850 million, with 82% of 2026 needs priced under forwards, ensuring funding stability.
See More
Stocks Close Steady Following Robust Jobs Data
Market Movement: The S&P 500 attempted to reach the 7,000 mark during trading.
End of Day Status: Despite the early gains, the index closed the day at its starting point.
See More
