EXC Q2 2025 Earnings
Reported Jul 31, 2025 at 6:55 AM ET · SEC Source
Q2 25 EPS
$0.39
BEAT +6.09%
Est. $0.37
Q2 25 Revenue
$5.43B
MISS 1.01%
Est. $5.48B
vs S&P Since Q2 25
-6.9%
TRAILING MARKET
EXC +7.1% vs S&P +14.0%
Market Reaction
Did EXC Beat Earnings? Q2 2025 Results
Exelon posted a mixed but ultimately earnings-positive second quarter, delivering adjusted EPS of $0.39 against a consensus estimate of $0.37, a 6.09% beat, even as revenue of $5.43 billion came in just 1.01% below expectations despite rising 1.2% ye… Read more Exelon posted a mixed but ultimately earnings-positive second quarter, delivering adjusted EPS of $0.39 against a consensus estimate of $0.37, a 6.09% beat, even as revenue of $5.43 billion came in just 1.01% below expectations despite rising 1.2% year over year. The headline earnings figure masked underlying pressure, as quarterly EPS fell from $0.45 a year earlier, weighed down most visibly by severe storm activity at PECO, where peak outages exceeded 325,000 customers in one of the utility's largest storm events in recent history, alongside timing headwinds at ComEd and higher credit losses at PHI. Partially cushioning the blow were distribution and transmission rate increases across multiple subsidiaries, with PECO's adjusted segment earnings surging to $136.00 million from $93.00 million. Exelon reaffirmed its full-year 2025 adjusted EPS guidance of $2.64 to $2.74 and its 5-7% EPS compounded annual growth rate through 2028, supported by $38 billion in planned capital investment and a large-load pipeline now exceeding 17 GW, reflecting broadening data center and grid modernization demand.
Key Takeaways
- • Distribution rate increases at PECO and BGE
- • Distribution and transmission rate increases at ComEd and PHI
- • Higher return on regulatory assets at ComEd
- • Timing of distribution earnings negatively impacted ComEd
- • Increased storm costs at PECO including one of largest storms in recent history with peak outages over 325,000 customers
- • Lower impacts of Maryland multi-year plan reconciliations at PHI
- • Lower transmission peak load at ComEd
- • Higher credit loss and interest expense at PHI
- • Customer Relief Fund one-time charitable contribution at holding company
EXC YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
EXC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Exelon's second-quarter performance reflects our disciplined execution across all fronts. We remain focused on delivering long-term value through operational excellence, customer affordability solutions and a balanced investment strategy that supports grid modernization and energy security. As we reaffirm our financial guidance, we are confident in our ability to meet the evolving needs of our customers and communities while advancing a cleaner, more resilient energy future.”
— Calvin Butler, Q2 2025 Earnings Press Release
EXC Earnings Trends
EXC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EXC EPS Trend
Earnings per share: estimate vs actual
EXC Revenue Trend
Quarterly revenue: estimate vs actual
EXC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.57 | $0.59 | +3.20% | $5.41B | +0.10% |
| FY Full Year | $2.71 | $2.77 | +2.36% | $24.26B | +0.02% |
| Q2 25 BEAT | $0.37 | $0.39 | +6.09% | $5.43B | -1.01% |
| Q4 24 BEAT FY | $0.59 | $0.64 | +7.94% | $5.47B | +5.57% |
| FY Full Year | $2.45 | $2.50 | +2.00% | $23.03B | +1.26% |
| Q2 24 BEAT | $0.40 | $0.47 | +17.50% | $5.36B | +9.47% |