Exelon raises 2026 earnings guidance and expands its battery storage pipeline
Exelon's third-quarter revenue rose 9.2% to $7.32 billion and the utility lifted its adjusted EPS outlook, per TradingView.
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what happened
According to TradingView, utility Exelon (EXC) reported third-quarter revenue up 9.2% to $7.32 billion. GAAP EPS came in at $0.70 and adjusted EPS at $0.87. The company raised its 2026 adjusted EPS guidance to $2.85–2.91, citing rate changes as well as higher storm and financing costs.
Exelon also sees 1.5–3.5 GW of additional battery storage potential, a $3–7 billion opportunity. Examples include a 500 MW project in New Jersey and an Atlantic City Electric battery with Invenergy in the PJM market, with an order expected in Q1 2027.
Several subsidiaries issued debt in 2026. PECO sold $750 million of 5.00% notes due September 1, 2031 on August 10, while DPL sold $75 million of 5.00% notes due September 16, 2036 on September 16. Both deals were aimed at refinancing existing debt.
why it matters
Two points matter for markets: the guidance increase, which reflects changing rates, and the possible growth of storage as a business that could drive utilities active in PJM. Bond sales at 5% suggest the company is refinancing debt at current market levels.
market impact
Exelon shares and US utilities: the raised guidance supports interest in the company's stock
tags
instruments
sources
- Key facts: Exelon Q3 lift; $3–7B storage opportunity; bond sales — TradingView, 31 October 2026 at 07:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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