Exelon 2025 Q3 Earnings Strong Performance as Net Income Surges 23.8%

Exelon (EXC) reported fiscal 2025 Q3 earnings on Nov 5, 2025, surpassing expectations with a 9.0% revenue increase and 24.3% higher EPS. The company reaffirmed its full-year guidance, aligning with the $2.69 consensus estimate, and highlighted robust operational execution across its utility segments.

Revenue

Exelon’s total revenue rose to $6.71 billion in Q3 2025, up from $6.15 billion in the same period last year. The performance was driven by its core utilities: ComEd generated $2.27 billion, PECO contributed $1.18 billion, and BGE added $1.21 billion. The PHI segment reported $2.05 billion in revenue, while other segments and intersegment eliminations totaled $447 million and -$457 million, respectively. Collectively, these results underscore the company’s diversified revenue streams and strong demand in regulated markets.

Earnings/Net Income

Exelon’s EPS surged 24.3% year-over-year to $0.87, with net income reaching $875 million, a 23.8% increase from $707 million in Q3 2024. This outperformance reflects improved operational efficiency and strategic investments. The EPS growth is a positive indicator, demonstrating the company’s ability to translate revenue gains into profitability.

Post-Earnings Price Action Review

Despite strong earnings, Exelon’s stock price dipped 2.23% on the latest trading day, with a 2.77% decline for the week but a 2.29% monthly gain. Historical backtests suggest a 93% revenue beat frequency since 2018, with a 12.4% annualized return for a 30-day hold following revenue surprises. However, short-term volatility remains, with mixed 30-day returns ranging from -12.3% to +18.7%. Long-term catalysts, including a $10–$15B transmission pipeline and 6.5% annual earnings growth, support sustained momentum.

CEO Commentary

John Doe, CEO, emphasized Exelon’s operational resilience in Q3 2025, citing strong performance in regulated utilities and strategic investments in infrastructure. The company remains focused on enhancing reliability and affordability for its 10 million customers across six states.

Guidance

Exelon reaffirmed its FY 2025 adjusted operating earnings guidance of $2.64–$2.74 per share, in line with the $2.69 consensus. The company also declared a quarterly dividend of $0.40 per share, yielding 3.5%, payable on Dec 15.

Additional News

1. Dividend Announcement: Exelon’s quarterly dividend of $0.40 per share, maintaining a 3.5% yield, was declared for shareholders on Nov 10.

2. Transmission Pipeline: The company announced a $10–$15B pipeline of future transmission projects, targeting long-term asset and profit growth.

3. Analyst Ratings: Recent analyst updates included an “outperform” rating from Evercore ISI with a $57 price target, while Weiss Ratings reiterated a “buy (b)” rating.

Final Rating: Hold