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Exelon Corporation

Exelon Corporation

NASDAQ•EXC
CEO: Mr. Calvin G. Butler Jr.
Sector: Utilities
Industry: Regulated Electric
Listing Date: 1973-05-02
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers. It also offers support services, including legal, human resources, information technology, supply management, financial, engineering, customer operations, transmission and distribution planning, asset management, system operations, and power procurement services. It serves distribution utilities, municipalities, and financial institutions, as well as commercial, industrial, governmental, and residential customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.
Contact Information
10 South Dearborn Street, 54th Floor PO Box 805398, Chicago, IL, 60680-5379, United States
800-483-3220
www.exeloncorp.com
Market Cap
$46.58B
P/E (TTM)
17.4
19.2
Dividend Yield
3.4%
52W High
$48.51
52W Low
$35.94
52W Range
81%
4.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$5.43B+1.23%
4-Quarter Trend

EPS

$0.39-13.33%
4-Quarter Trend

FCF

-$502.00M+111.81%
4-Quarter Trend

2025 Q2 Earnings Highlights

Release Date: Jul 31, 2025

Key Highlights

Six Months Net Income Rises Net income $1.30B H6 2025, up $194M versus $1.106B in 2024, resulting in $1.29 diluted EPS.
H1 Revenue Growth Achieved Total operating revenues reached $12.141B for six months 2025, marking a $738M increase over $11.403B last year.
Operating Cash Flow Improved Cash from operations totaled $2.711B for six months 2025, an increase of $257M compared to $2.454B provided in 2024.
Quarterly Earnings Declined Q3 Net income decreased $57M to $391M in 2025 from $448M in 2024, driven by timing and storm costs.

Risk Factors

Increased Capital Expenditure Spending H6 2025 capital expenditures increased to $3.959B from $3.466B in 2024, reflecting higher investment timing for projects.
ComEd FERC Audit Settlement ComEd recorded $70M charge for probable disallowance related to contested overhead allocation findings from FERC audit.
Higher Interest Expense Pressure Exelon H6 interest expense rose to $1.028B versus $938M, partially due to increased outstanding debt levels across entities.
Regulatory Asset/Liability Timing Changes in regulatory assets and liabilities net caused significant cash flow fluctuations for multiple utility registrants.

Outlook

Regulatory Rate Case Approvals ComEd electric rate case approved October 2024 effective January 2025 with a 9.89% approved ROE for the increase.
Projected 2025 Capital Spending Total projected 2025 capital expenditures across all registrants are estimated near $19.925B for plant additions and improvements.
Share Issuance Activity Continues Exelon issued $173M in Q1 2025 via ATM program; $2.1B remains available for sale under the current agreement.
Pending Distribution Rate Cases ACE New Jersey electric rate case pending, with expected approval timing targeted for the fourth quarter of 2025.

Peer Comparison

Revenue (TTM)

Duke Energy CorporationDUK
$31.27B
+4.1%
The Southern CompanySO
$28.91B
+8.5%
The Southern CompanySO
$28.91B
+9.4%

Gross Margin (Latest Quarter)

The Southern CompanySO
78.0%
+23.7 pp
The Southern CompanySO
78.0%
+23.7 pp
WEC Energy Group, Inc.WEC
71.1%
+29.5 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NEE$167.51B25.812.7%47.3%
NEE$167.51B25.812.7%47.3%
SO$103.45B23.212.8%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4-Quarter Revenue CAGR
-4.1%
Flat Growth
4-Quarter Net Income CAGR
-17.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow Performance

Research & Insights

Reports
All Years

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $5.43B+1.2%
    |
    EPS: $0.39-13.3%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $6.71B+11.1%
    |
    EPS: $0.90+36.4%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 12, 2025|
    Revenue: $23.03B+6.0%
    |
    EPS: $2.45+4.7%
    Meet

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $6.15B+2.9%
    |
    EPS: $0.70+0.0%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $5.36B+11.3%
    |
    EPS: $0.45+32.4%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $6.04B+8.6%
    |
    EPS: $0.66-1.5%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $21.73B+13.9%
    |
    EPS: $2.34+6.4%
    Meet

  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 2, 2023|
    Revenue: $5.98B+23.4%
    |
    EPS: $0.70+2.9%
    Beat