EXELON CORP

Listed Company

EXCCIK 0001109357NasdaqLarge AcceleratedElectric & Other Services CombinedPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$24.26B

Net Income

$2.77B

Total Assets

$116.57B

Equity

$28.80B

Shares Out

1.02B

Op. Cash Flow

$6.25B

+ 13F Filer

EXC$46.27+7.70% · past yearDBEQ Basic

Daily closing prices

Business

Exelon Corp is a utility services holding company that owns and operates regulated electric and natural gas transmission and distribution utilities serving major metropolitan areas in the Northeast and Mid-Atlantic United States. Through subsidiaries ComEd, PECO, BGE, Pepco, DPL, and ACE, it purchases electricity and natural gas for resale and provides regulated distribution service to retail customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia. The company invests in transmission and distribution infrastructure, energy efficiency programs, and supports state-mandated renewable energy standards and decarbonization goals.

Summary from 10-K filed 2026-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues from alternative revenue programs	−746	−92	696	161	171
Total operating revenues	24,258	23,028	21,727	19,078	17,938
Operating and maintenance	5,177	4,940	4,559	4,673	4,547
Depreciation and amortization	3,640	3,594	3,506	3,325	3,033
Taxes other than income taxes	1,629	1,504	1,408	1,390	1,291
Total operating expenses	19,113	18,721	17,714	15,761	15,256
Gain on sale of assets	3	12	10	−2	0
Operating income (loss)	5,148	4,319	4,023	3,315	2,682
Interest expense, net	−2,102	−1,889	−1,704	−1,422	−1,264
Other, net	270	262	408	535	261
Total other income and (deductions)	−1,857	−1,652	−1,321	−912	−1,028
Income (loss) before income taxes	3,291	2,667	2,702	2,403	1,654
Income taxes	523	207	374	349	38
Net Income (Loss) Available to Common Stockholders, Basic, Total	2,768	2,460	2,328	2,170	1,706
Net income	2,768	2,460	2,328	2,171	1,829
Actuarial losses reclassified to periodic benefit cost	22	28	26	42	223
Pension and non-pension postretirement benefit plans valuation adjustments	−52	−70	−109	46	432
Unrealized (loss) gain on cash flow hedges	−12	48	−5	2	−1
Other comprehensive income (loss)	−42	6	−88	89	650
Comprehensive income attributable to common shareholders	2,726	2,466	2,240	2,259	2,356
Basic average number of shares outstanding (in shares)	1,011	1,003	996	986	979
Assumed exercise and/or distributions of stock-based awards (in shares)	1	0	1	1	1
Diluted average number of shares outstanding (in shares)	1,012	1,003	997	987	980
Income (loss) from continuing operations, per basic share (in dollars per share)	2.74	2.45	2.34	2.08	1.65
Income (loss) from continuing operations, per diluted share (in dollars per share)	2.73	2.45	2.34	2.08	1.65

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	626	357	445	407	672
Restricted cash and cash equivalents	525	541	482	566	321
Customer accounts receivable	3,732	3,144	2,659	2,544	2,189
Customer allowance for credit losses	−435	−406	−317	−327	−320
Customer accounts receivable, net	3,297	2,738	2,342	2,217	1,869
Other accounts receivable	1,879	1,123	1,101	1,426	1,068
Other allowance for credit losses	−94	−107	−82	−82	−72
Other accounts receivable, net	1,785	1,016	1,019	1,344	996
Fossil fuel	88	72	94	208	105
Materials and supplies	780	781	707	547	476
Regulatory assets	1,359	1,940	2,215	1,641	1,296
Prepaid renewable energy credits	563	494	413	—	—
Other	523	445	370	406	387
Total current assets	9,546	8,384	8,087	7,336	13,957
Property, plant and equipment, net	84,318	78,182	73,593	69,076	64,558
Regulatory assets	9,214	8,710	8,698	8,037	8,224
Goodwill	6,630	6,630	6,630	6,630	6,630
Receivable related to Regulatory Agreement Units	4,755	4,026	3,232	2,897	0
Investments	312	290	251	232	250
Total deferred debits and other assets	22,706	21,218	20,176	18,937	54,498
Total assets	116,570	107,784	101,856	95,349	133,013
Short-term borrowings	612	1,859	2,523	2,586	1,248
Long-term debt due within one year	1,665	1,453	1,403	1,802	2,153
Customer deposits	533	446	411	—	—
Accrued expenses	1,582	1,468	1,375	1,226	1,137
Regulatory liabilities	1,128	411	389	437	376
Mark-to-market derivative liabilities	30	29	74	8	18
Unamortized energy contract liabilities	5	5	8	10	89
Renewable energy credit obligations	473	429	348	—	—
Other	577	512	519	1,155	766
Total current liabilities	10,331	9,611	9,901	10,611	16,111
Deferred income taxes and unamortized investment tax credits	13,715	12,793	11,956	11,250	10,611
Regulatory liabilities	11,016	10,198	9,576	9,112	9,628
Pension obligations	1,749	1,745	1,571	1,109	2,051
Non-pension postretirement benefit obligations	546	472	527	507	811
Asset retirement obligations	321	301	267	269	271
Mark-to-market derivative liabilities	106	103	106	83	201
Unamortized energy contract liabilities	16	21	27	35	146
Other	2,169	2,282	2,088	1,967	1,573
Total deferred credits and other liabilities	29,638	27,915	26,118	24,332	50,968
Total liabilities	87,772	80,863	76,101	70,605	98,218
Commitments and contingencies	—	—	—	—	—
Common stock, shares authorized (in shares)	2,000	2,000	2,000	2,000	2,000
Common stock	22,106	21,338	21,114	20,908	20,324
Treasury stock, at cost	123	123	123	123	−123
Retained earnings	7,577	6,426	5,490	4,597	16,942
Accumulated other comprehensive loss, net	−762	−720	−726	−638	−2,750
Total shareholders equity	28,798	26,921	25,755	24,744	34,393
Total liabilities and member's equity	116,570	107,784	101,856	95,349	133,013

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization, and accretion	3,643	3,596	3,506	3,533	7,573
Gain on sales of assets and businesses	−3	−12	−10	−8	−201
Deferred income taxes and amortization of investment tax credits	391	128	319	255	18
Net fair value changes related to derivatives	0	0	22	−53	−568
Other non-cash operating activities	1,331	592	−335	370	−200
Accounts receivable	−1,691	−644	−37	−1,222	−703
Inventories	−22	−56	−45	−121	−141
Accounts payable and accrued expenses	260	−37	−191	1,318	440
Collateral received (paid), net	−10	33	−146	1,248	−74
Income taxes	121	−4	48	−4	327
Regulatory assets and liabilities, net	156	−50	−439	−1,326	634
Pension and non-pension postretirement benefit contributions	−342	−180	−129	−616	−665
Other assets and liabilities	−348	−257	−188	−905	−3,777
Net cash flows provided by operating activities	6,254	5,569	4,703	4,870	3,012
Capital expenditures	−8,529	−7,097	−7,408	−7,147	−7,981
Proceeds from sales of assets	4	38	25	16	877
Other investing activities	0	17	8	0	26
Net cash flows used in investing activities	−8,525	−7,042	−7,375	−6,990	−3,317
Changes in short-term borrowings	−747	−265	−313	986	269
Proceeds from short-term borrowings with maturities greater than 90 days	0	150	400	1,300	1,380
Repayments on short-term borrowings with maturities greater than 90 days	−500	−549	−150	−1,500	−350
Issuance of long-term debt	6,075	4,974	5,825	6,309	3,481
Retirement of long-term debt	−1,311	−1,557	−1,713	−2,073	−1,640
Issuance of common stock	691	148	140	563	0
Dividends paid on common stock	−1,617	−1,524	−1,433	−1,334	−1,497
Proceeds from employee stock plans	36	43	41	36	80
Other financing activities	−94	−109	−114	−102	−80
Net cash flows provided by (used in) financing activities	2,533	1,311	2,683	1,591	758
Increase (decrease) in cash, restricted cash, and cash equivalents	262	−162	11	−529	453
Increase (decrease) in capital expenditures not paid	553	301	−215	36	16
(Decrease) Increase in PP&E Related to ARO Update	13	16	−13	332	—

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 1 positions

Reported AUM

Holdings

Top sector

Top sectors

Sector	Value	% of portfolio
Uncategorized	$0	0.0%

Top holdings

Issuer	Ticker	Shares	Value	%
0	—	0	$0	0.0%

Frequently asked questions

What is EXELON CORP's CIK number?

EXELON CORP's SEC CIK number is 0001109357 (1109357). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find EXELON CORP's SEC filings?

All of EXELON CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did EXELON CORP last report earnings?

EXELON CORP (EXC) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001109357-26-000061). This is EXELON CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is EXELON CORP's most recent earnings 8-K?

EXELON CORP's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001109357-26-000061. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View EXELON CORP's latest earnings 8-K →
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