AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Exelon's Q2 2026 net income rose to $396M (+1% YoY) on $5.97B total operating revenues (+10% YoY), driven by approved rate increases across ComEd, BGE, and PHI despite higher depreciation and interest expense.
Biggest Revenue Drivers
Electric operating revenues$5.71B+6% YoY
Reflects approved rate increases at ComEd, BGE, and PHI; higher residential and commercial demand; partially offset by lower industrial usage.
Natural gas operating revenues$327M-3% YoY
Residential and commercial usage declined slightly despite rate increases.
Biggest Revenue Drivers
Total revenue: $5.97B+10% YoY
Electric operating revenues$5.71B+6% YoY
Reflects approved rate increases at ComEd, BGE, and PHI; higher residential and commercial demand; partially offset by lower industrial usage.
Natural gas operating revenues$327M-3% YoY
Residential and commercial usage declined slightly despite rate increases.
Revenues from alternative revenue programs($70M)Not disclosed
Reflects regulatory mechanisms and customer relief programs.
Largest Expense Items
Purchased power$2.13B+18% YoY
Higher electricity procurement costs driven by increased demand and market prices.
Operating and maintenance$1.39B+5% YoY
Increased staffing and operational costs; partially offset by cost management programs.
Depreciation and amortization$968M+7% YoY
Higher capital investments in distribution infrastructure and modernization across all segments.
Interest expense, net$568M+8% YoY
Increased debt levels and higher interest rates on new financings.
Watch Items from the Filing
Exelon faces material exposure to PJM cost allocation changes (March 2026 FERC order removing de minimis threshold); financial impact not yet reasonably estimable but could be material; Exelon filed petition for review at D.C. Circuit.
BGE, Pepco, and DPL required to join RTO effective July 1, 2026; complaint filed against removal of 50-basis-point transmission incentive adder; outcome uncertain but not expected material to financial statements.
NOLC tax benefit allocation methodology (PLRs pending for ComEd, BGE, Pepco, DPL, ACE) could reduce regulatory liabilities and rate-base deferred taxes by $0.8B–$1.2B if approved; PLRs not yet received.
Exelon announced $350M operating cost savings target for 2027 across corporate and utility operations, indicating aggressive efficiency drive in response to customer affordability and competitive pressures.
Q2 capital expenditures of $2.2B (+9% YoY); six-month capex $4.6B (+15% YoY); Exelon pursuing aggressive rate recovery to fund grid modernization and system resilience investments.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Segedi Bryan KDirectorGrant or award · Apr 28, 2026
Butler Calvin JrPresident & CEOGrant or award · Feb 2, 2026
Honorable Colette DEVP CLO Compliance & Corp SecGrant or award · Feb 2, 2026
Congress trading in EXC
13 transactions in EXC reported by 6 members of Congress under the STOCK Act, most recent trade Oct 31, 2025. Reported transactions, not recommendations.
About EXELON CORP (EXC): stock profile, AI score and financials
EXELON CORP (EXC) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores EXC at 59.6/100 on a composite quality score built from its SEC filings, placing it at rank #915 of 2,925 stocks — the top half of the AI-ranked universe. EXC scores in the top quartile across revenue scale (93.8), institutional flow (78.7). Areas of concern include free cash flow (18.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), EXELON CORP reports quarterly revenue of $6.0B, net income of $396.0M, an operating margin of 16.4%. Top institutional holders of EXC by reported 13-F value include BlackRock, STATE STREET, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. EXC trades on the Nasdaq exchange and files with the SEC under CIK 1109357. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EXC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EXELON CORP directly from SEC EDGAR.