Exelon reaffirms 2026 adjusted operating EPS of $2.81-$2.91 while advancing a $1B, 500-MW New Jersey battery project (NASDAQ:EXC)

Exelon (EXC) Q2 2026 earnings call recap: EPS $0.43, reaffirmed $2.81–$2.91 guidance, PJM supply risks, capex, rates & storage plans.

Exelon reaffirms 2026 adjusted operating EPS of $2.81-$2.91 while advancing a $1B, 500-MW New Jersey battery project (NASDAQ:EXC) | Seeking Alpha

Earnings Call Insights: Exelon (EXC) Q2 2026

Management View

"Halfway through 2026, Exelon is delivering where it matters most, performing today and preparing for tomorrow," said CEO Calvin Butler, adding that the company reported "adjusted operating earnings of $0.43 per share" and is "reaffirming our full year guidance

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Quick Insights

How is Exelon managing current PJM supply constraints and reliability risk?

Exelon is advocating for an all-of-the-above approach (transmission, demand-side, utility-owned generation), investing in new battery/storage projects, and stressing the need for more generation to address reliability and affordability issues amid stressed PJM market conditions.

Is Exelon's full-year earnings guidance of $2.81–$2.91 per share reaffirmed?

Yes, management strongly reaffirmed the full-year operating earnings guidance of $2.81 to $2.91 per share, supported by stable Q2 performance and outlook for future quarters.

What are the main regulatory and capital investment activities impacting Exelon's outlook?

Regulatory filings include rate increase requests for BGE and Delmarva, ComEd's multi-year grid investment plan, and a focus on signed TSAs and battery/storage plans. Capital execution and forward contract financing efforts are also shaping the outlook.

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