Exelon Corporation reported its financial results for the third quarter of 2026 on October 30, 2026, filing a Current Report on Form 8-K. The company reported GAAP net income of $0.70 per share for the third quarter, a decrease from $0.86 per share in the same period of 2025. However, the company reported Adjusted (non-GAAP) operating earnings of $0.87 per share for the third quarter of 2026, an increase from $0.86 per share in the third quarter of 2025.
Exelon narrowed its full-year 2026 Adjusted operating earnings guidance range to $2.85 to $2.91 per share. The company affirmed its operating EPS compounded annual growth target near the top end of a 5% to 7% range from 2025 through 2029. The company noted that its utilities rank 1st, 2nd, 5th, and 6th in the nation for reliability.
Exelon’s operating company results for the third quarter included:
- ComEd: GAAP net income increased to $406 million from $373 million in the prior year, while Adjusted operating earnings increased to $412 million from $373 million.
- PECO: GAAP net income decreased to $165 million from $250 million in the prior year, while Adjusted operating earnings decreased to $167 million from $250 million.
- Baltimore Gas and Electric (BGE): GAAP net income increased to $90 million from $82 million in the prior year, while Adjusted operating earnings increased to $119 million from $82 million.
- Pepco Holdings Inc. (PHI): GAAP net income decreased to $187 million from $291 million in the prior year, while Adjusted operating earnings increased to $320 million from $290 million.
On October 30, 2026, Exelon’s Board of Directors declared a regular quarterly dividend of $0.42 per share on Exelon’s common stock, payable on December 15, 2026, to shareholders of record as of December 4, 2026.
Recent financing activities included PECO issuing $750 million of First Mortgage Bonds, 5.00% Series due September 1, 2031, and Delmarva Power & Light issuing $75 million of First Mortgage Bonds, 5.00% Series due September 16, 2036. Both issuances were used to repay existing indebtedness and for general corporate purposes.
