Exelon Reports Q2 Earnings and Outlines Growth Strategy for 2026
Exelon (EXC) reported adjusted operating earnings of $0.43 per share in the second quarter, up from $0.39 a year ago, driven by rate increases and reduced charges. The company reaffirmed its full-year guidance at $2.81 to $2.91 per share and maintained long-term growth expectations near 5% to 7% annually through 2029. Exelon plans significant capital investments totaling $41.7 billion over the next four years, with $10 billion allocated for 2026 alone. The company is also refining its data center pipeline and advancing grid modernization projects across ComEd and BGE to support energy demand growth and reliability improvements. PJM capacity shortages have led to volatile pricing, reaching up to $800 per megawatt-hour in July due to extreme heat events. Exelon has secured most of its 2026 debt financing needs and is maintaining strong credit metrics at around 14% through 2029.
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