Latest news with #Exelon
Yahoo
5 days ago
- Business
- Yahoo
Exelon's Q2 2025 Earnings: What to Expect
Chicago, Illinois-based Exelon Corporation (EXC) is a utility services holding company. Valued at a market cap of $44.1 billion, the company purchases, distributes, and sells electricity and natural gas to residential, commercial, industrial, governmental, and transportation customers. It is expected to announce its fiscal Q2 earnings for 2025 before the market opens on Thursday, Jul. 31. Ahead of this event, analysts expect this utility company to report a profit of $0.43 per share, down 8.5% from $0.47 per share in the year-ago quarter. The company has topped Wall Street's earnings estimates in each of the last four quarters. In Q1, EXC's EPS of $0.92 outpaced the forecasted figure by 8.2%. More News from Barchart Array Technologies (ARRY) Just Flashed a Statistically Significant Reversal Signal for Options Traders Crude Oil Price Fall on Concern About Energy Demand Forecasts for Milder US Weather Weigh on Nat-Gas Prices Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect Exelon to report a profit of $2.69 per share, up 7.6% from $2.50 per share in fiscal 2024. Furthermore, its EPS is expected to grow 4.8% year-over-year to $2.82 in fiscal 2026. EXC has soared 22.6% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 13.4% gain and the Utilities Select Sector SPDR Fund's (XLU) 20.3% return over the same time frame. Despite delivering better-than-expected results, EXC's shares closed down marginally on May 1, after its Q1 earnings release. The company posted revenue of $6.7 billion, 4% above the consensus estimates and representing an 11.1% increase from the year-ago quarter. Moreover, its adjusted EPS of $0.92 advanced 35.3% from the same period last year, exceeding Wall Street estimates by 8.2%. Looking ahead, Exelon reaffirmed its fiscal 2025 adjusted EPS guidance, projecting it to range between $2.64 and $2.74, and maintained its operating EPS compounded annual growth target of 5% to 7% through 2028. Wall Street analysts are moderately optimistic about EXC's stock, with an overall "Moderate Buy" rating. Among 18 analysts covering the stock, seven recommend "Strong Buy," nine indicate "Hold," and two suggest "Strong Sell.' The mean price target for EXC is $47.69, indicating a 7.3% premium from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
18-07-2025
- Business
- USA Today
Exelon Leader Tamla Olivier Named 2025 Technologist of the Year by Waves of Change STEM Conference
Trailblazing BGE CEO; Honored for Transformational Impact in Utility Sector Jul. 18, 2025 / PRZen / BALTIMORE — The 30th annualproudly announcesas the 2025. The prestigious award will be presented during the landmark conference in Baltimore on, recognizing Olivier's transformative leadership in utility operations, infrastructure innovation, and equitable energy service. Olivier's recognition comes amid another milestone: her appointment as President and CEO of Baltimore Gas and Electric (BGE), Maryland's largest utility. Parent company Exelon Corp. confirmed her promotion, marking a historic moment for the company and region. Olivier now joins Exelon's Executive Committee and will oversee operations that serve over 1.3 million electric customers and 700,000 gas customers across central Maryland. 'Tamla Olivier represents the gold standard of visionary leadership and operational excellence,' said Calvin Butler, President and CEO of Exelon. 'We pride ourselves on developing top talent within Exelon, and Tamla's promotion underscores our commitment to elevating leaders who deliver for our communities.' Olivier has led operations for Pepco Holdings' three utilities since 2021—serving diverse customers in Delaware, Washington, D.C., Maryland, and New Jersey. Under her guidance, the company achieved record-high reliability rankings and implemented critical infrastructure upgrades, expanding energy resilience and customer satisfaction. A former President and CEO of BGE Home, Olivier is no stranger to Maryland's energy landscape. She previously held senior roles at BGE, including Chief Customer Officer. She returns to BGE with more than a decade of industry experience and a steadfast commitment to customer-focused innovation. 'Tamla is the kind of leader we dreamed of honoring when this conference began 30 years ago,' said Tyrone D. Taborn, Founder of the Women of Color STEM Conference and CEO of Career Communications Group. 'She's a mentor, an innovator, and a beacon for the next generation of STEM professionals.' For more information about the Women of Color STEM Conference, visit Media Contact Jessica Smith 4102447101 jsmith@ Press Release Distributed by PRLog Source: Career Communications Group Follow the full story here:
Chicago Tribune
16-07-2025
- Business
- Chicago Tribune
ComEd's $10 million relief fund running out after 60,000 customers apply in first week
As Chicago continues to swelter in record summer heat, the $10 million ComEd customer relief fund is about to run dry. Nearly 60,000 customers have submitted applications since ComEd opened the window last week for the one-time grant, which was created to defray rising electric supply charges during peak air conditioning season. 'Based on the high demand seen, we anticipate the fund will soon close, and ComEd will make an announcement once funds are fully exhausted,' ComEd spokesperson Lauren Huffman said Wednesday. Exelon, the utility's Chicago-based parent company, is donating the relief money for the fund, which is being administered through Neighborhood Housing Services of Chicago and The Salvation Army. The application process began July 7 and the agencies are currently sorting through thousands of customer requests seeking a share of the $10 million, Huffman said. The Customer Relief Fund will provide one-time grants of up to $500 for qualifying low- to moderate income customers, and $1,000 for nonprofit organizations in northern Illinois. ComEd customers can still apply for assistance at but time and the funds are both running out. The relief targets ComEd customers at or below 300% of the federal poverty level who are in arrears. ComEd residential customers approved for the relief funds will see the money appear as a one-time credit on an upcoming bill, wiping out up to $500 in past due balances. Grants will be awarded to qualified customers on a first-come, first-served basis, until the $10 million fund is gone, Huffman said. ComEd announced the relief fund last month, as electricity supply prices were set to rise. The cost for an average residential customer was expected to go up $10.60 per month beginning in June, according to ComEd. The increase was caused by a higher rate ComEd will pay for electricity over the next year, a supply cost which the utility passes through to customers. But June was hotter than normal, exacerbated by a heat dome which brought oppressive triple-digit temperatures and humidity to large swaths of the Midwest and East Coast for several weeks Chicago experienced its sixth hottest June on record, with average daily highs at 84.1 degrees – 3.7 degrees above normal, according to the National Weather Service. The heat kept air conditioners working overtime, which in turn raised electricity demand, bringing the increased supply cost right to the bottom line on ComEd customer bills. The supply charge generally represents about half of the monthly bill and does not benefit ComEd, which makes its profit on the delivery charges. The average residential ComEd customer paid $108 per month for the total bill, before the supply charge increased, the utility said. PJM Interconnection, a Pennsylvania-based regional transmission organization, manages the electricity supply grid for 13 states, including ComEd's 4.2 million customers in northern Illinois. It holds an annual capacity auction for expected reserve electricity needed during peak demand, and last year those supply prices skyrocketed. Results for the next PJM capacity auction are expected to be made public Tuesday, which will set the supply prices for ComEd and its customers for next year. ComEd said the retirement of fossil fuel plants and rising demand have put more pressure on the grid, contributing to higher supply prices. The utility also said delays in bringing a backlog of integrating wind, solar and other renewable energy suppliers into the grid is making it harder to replace lost capacity. Electric utilities and their customers across the country are navigating similar supply cost issues, including Ameren in downstate Illinois, where monthly bills are expected to spike 18% to 20% this summer. Exelon donated a total of $50 million to customer relief funds through its six utility companies, including BGE in Maryland, PECO in Pennsylvania and the $10 million for ComEd in Illinois. rchannick@
E&E News
16-07-2025
- Business
- E&E News
Audubon snags ex-Obama EPA official
Joel Beauvais, a veteran of the Obama EPA and Exelon, is joining the National Audubon Society to work on conservation and climate programs. Audubon hired Beauvais for a newly created position as its managing director for North America, Beauvais posted on LinkedIn this week. 'I'll be leading Audubon's conservation and climate programs in the United States and Canada, overseeing a staff of 500 including Audubon's state and regional offices across the country,' Beauvais wrote. 'I'm excited to join this great team working with communities and stakeholders across the hemisphere to protect birds and the places they need and mitigate climate change.' Advertisement Beauvais joins the conservation group after a stint at the utility Exelon, where he has worked for more than six years in roles including senior vice president and deputy general counsel. He was a partner at Latham & Watkins from 2017 until 2019.
Business Wire
10-07-2025
- Business
- Business Wire
Exelon Announces Executive Leadership Appointments in Governmental, External and Regulatory Affairs
CHICAGO--(BUSINESS WIRE)--Exelon (Nasdaq: EXC) today announced two leadership appointments within its Governmental, Regulatory and External Affairs (GREA) organization that strengthens ongoing efforts to respond to the needs of local customers and communities across its Delaware, Maryland, New Jersey and Washington, D.C. service areas. The company also announced the retirement of a company veteran. Jaclyn Cantler, previously vice president of Electric Operations for Pepco Holdings, has been named senior vice president, GREA for Delaware and New Jersey, underscoring Exelon's strategic investment in these regions. In her new capacity, Cantler will lead all regulatory, legislative and strategic initiatives for Delmarva Power in Delaware and Atlantic City Electric in New Jersey. She will report to Tyler Anthony, president and CEO of Pepco Holdings. Valencia McClure, previously vice president of GREA and Pepco region president, has been promoted to senior vice president, GREA, overseeing all regulatory, legislative and strategic initiatives for Exelon's local energy companies in Maryland and the District of Columbia, including BGE, Delmarva Power Maryland and Pepco. She will report to Colette Honorable, executive vice president of Public Policy and chief legal officer for Exelon, working closely with the leadership of the local energy companies. Alexander Núñez, currently senior vice president of GREA for BGE, has announced his retirement at the end of August, following 24 years of service. 'These appointments reflect our commitment across Exelon to operate in the way that brings the most value to our customers,' said Honorable. 'The policy landscape is changing at all levels, and we must continue to lead. We're fortunate to have an extremely skilled leadership team at Exelon, and we're excited to be able to promote from within for these two key roles. Jaclyn and Valencia bring the right combination of critical expertise and passion for our customers to help strengthen our combined advocacy efforts across the company.' 'By bringing our Maryland regulatory and legislative teams together, we can look forward to a streamlined and more nimble organization," said Tamla Olivier, president and CEO of BGE. 'Valencia's deep experience in the industry and in partnering with District of Columbia and Maryland communities will ensure we're representing our customers' best interests. We also thank Alex for his dedication to our employees and customers alike and for helping build many of the Maryland partnerships that allow us to serve our communities in the state.' 'Valencia and Jaclyn are both motivational and collaborative leaders who are connected to the needs of the customers and communities we serve across Maryland, D.C., Delaware and New Jersey,' said Anthony. 'Their expertise and customer focus will help our local energy companies continue to make strides providing the reliable, affordable service our customers expect.' Cantler has been with the company for 23 years, with leadership roles across Pepco Holdings' electric operations. She is a Licensed Professional Engineer in the state of Delaware, a Leadership Delaware Fellow and serves on the board of the Boys and Girls Club of Delaware and the Metro DC Hispanic Contractor's Community Foundation board. Cantler is the executive sponsor of the Pepco Holdings' chapter of ENABLED (Exelon Network for Awareness Benefiting Leaders & Employees About Disabilities). McClure brings 15 years of experience at Exelon, including prior roles at BGE and Pepco, and is active in several community organizations, including serving on the boards of the Washington DC Economic Development Partnership, University of Maryland School of Medicine, the Girl Scouts of Central Maryland and Bowie University. She is a graduate of Leadership Maryland and is the executive sponsor of Pepco Holdings' Network Empowering Women (NEW) employee resource group. Exelon (Nasdaq: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow @Exelon on LinkedIn.
