Exelon Beats Q3 Earnings & Sales Estimates, Serves More Customers

Core Insights - Exelon Corporation's third-quarter 2025 earnings of 86 cents per share exceeded the Zacks Consensus Estimate of 76 cents by 13.2% and improved 21.1% from the previous year's 71 cents [1][2][9] - Total revenues reached $6.7 billion, surpassing the Zacks Consensus Estimate of $6.34 billion by 5.6% and reflecting an 8.9% increase from the year-ago figure of $6.15 billion [3][9] Financial Performance - Exelon's total operating expenses rose nearly 4.9% year over year to $5.2 billion, while operating income increased 25.4% year over year to $1.5 billion [5] - Adjusted net income for the quarter was $875 million, compared to $707 million in the same quarter last year [5] Customer and Delivery Metrics - The company served more customers than in the previous year, with total electric deliveries reaching 66,273 gigawatt hours in the first nine months of 2025, a 3% increase from the prior year [4] Segment Performance - Commonwealth Edison Company (ComEd) reported adjusted earnings of $373 million, up 3.6% year over year [6] - PECO Energy Company (PECO) saw adjusted operating earnings increase by 111.9% year over year to $250 million [7] - Baltimore Gas and Electric Company (BGE) reported adjusted earnings of $82 million, an 82.2% increase year over year [8] - Pepco Holdings LLC (PHI) had adjusted operating earnings of $290 million, up 4.3% year over year [8] Guidance and Future Outlook - Exelon reaffirmed its 2025 earnings guidance in the range of $2.64-$2.74 per share, with a consensus estimate of $2.68 per share [11] - The company plans to invest $38 billion in energy infrastructure from 2025 to 2028 [11]