Exelon
Owner of regulated electric and gas delivery utilities across Illinois and the Mid-Atlantic.
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Profile
Owns six regulated utilities that deliver electricity and natural gas across Illinois and the Mid-Atlantic. Revenue and earnings are shaped by commission-approved rates and infrastructure investment, while electricity supply comes from third-party generators rather than company-owned plants.
Owns six regulated electric and gas utilities: ComEd in northern Illinois; PECO in southeastern Pennsylvania; BGE in central Maryland; Pepco in Washington, D.C. and suburban Maryland; Delmarva Power in Delaware and eastern Maryland; and Atlantic City Electric in southern New Jersey. These businesses purchase energy, deliver it through local transmission and distribution networks, and direct capital toward reliability and grid modernization.
Operates within commission-regulated service territories, with earnings shaped by approved customer rates and recovery of infrastructure investment. State regulators govern retail rates, while federal regulation covers interstate transmission. Does not generate the electricity it delivers, relying on third-party suppliers and the PJM market for power supply.
Company facts
Key statistics
Year to date −0.0% · Average volume (30d) 7.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Truist Financial | Target | $49 | $48 | ||
| May 29, 2026 | Truist Financial | Target | $50 | $49 | ||
| May 13, 2026 | Keybanc | Reiterate | Underweight | $43 | $41 | |
| Apr 21, 2026 | Morgan Stanley | Reiterate | Equal Weight | $51 | $55 | |
| Apr 21, 2026 | Keybanc | Reiterate | Underweight | $39 | $43 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.44 | $0.43 | −1.3% | $5.44B | $5.97B | +9.6% | −3.08% |
| May 6, 2026Q1 FY26 | $0.88 | $0.91 | +2.9% | $6.93B | $7.24B | +4.6% | −1.35% |
| Feb 12, 2026Q4 FY25 | $0.55 | $0.59 | +7.9% | $5.39B | $5.41B | +0.4% | +1.96% |
| Nov 4, 2025Q3 FY25 | $0.78 | $0.86 | +10.5% | $6.43B | $6.71B | +4.3% | −0.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.71B | $5.43B | $6.71B | $5.41B | $7.24B | $5.97B | |
| Gross profit | $2.85B | $2.21B | $2.89B | −$1.17B | $2.05B | $2.45B | |
| Operating income | $1.54B | $927.0M | $1.50B | $1.18B | $1.61B | $979.0M | |
| Net income | $908.0M | $391.0M | $875.0M | $594.0M | $919.0M | $396.0M | |
| Diluted EPS | $0.90 | $0.39 | $0.86 | $0.59 | $0.90 | $0.39 | |
| Gross margin | 42.4% | 40.7% | 43.1% | -21.6% | 28.3% | 41.0% | |
| Operating margin | 22.9% | 17.1% | 22.4% | 21.8% | 22.2% | 16.4% |
Fiscal years (4-quarter sums)FY21 $23.15B · FY22 $19.08B · FY23 $21.73B · FY24 $23.03B · FY25 $24.26B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.25B · Total debt $52.28B · Total assets $120.51B · Shareholders' equity $29.70B
Dividends
Raised for 12 straight years — most recently to $0.42 from $0.40 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 4, 2026 | Jun 4 | Jun 15 | $0.42 | |
| Mar 2, 2026 | Mar 2 | Mar 13 | $0.42 | raised from $0.40 |
| Nov 10, 2025 | Nov 10 | Dec 15 | $0.40 | |
| Aug 11, 2025 | Aug 11 | Sep 15 | $0.40 | |
| May 12, 2025 | May 12 | Jun 13 | $0.40 | |
| Feb 24, 2025 | Feb 24 | Mar 14 | $0.40 | raised from $0.38 |
| Nov 8, 2024 | Nov 11 | Dec 13 | $0.38 | |
| Aug 12, 2024 | Aug 12 | Sep 13 | $0.38 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 1.03B · Float —
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 119.77M | 11.63% | 13F | Aug 7, 2026 |
| State Street Corp | 67.46M | 6.55% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 66.80M | 6.48% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 56.23M | 5.46% | 13F | Aug 13, 2026 |
| Capital World Investors | 51.26M | 4.98% | 13F | Aug 12, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Public Service Enterprise Group
NJ's largest regulated IOU; former Exelon merger target (2004–2006).
- American Electric Power
Major Midwest/Southwest IOU; AEP Ohio directly adjacent to ComEd (IL).
- Duke Energy
Largest U.S. regulated IOU; Southeast & Midwest multi-state electric and gas.
- FirstEnergy
Large Midwest/Mid-Atlantic T&D IOU; PA territory directly adjacent to PECO.
- Eversource Energy
New England's largest pure-play T&D; structural mirror of post-2022 Exelon.
- Dominion Energy
Mid-Atlantic regulated electric IOU; Virginia Power adjoins Exelon's MD/DC/DE.
- Southern Company
Second-largest U.S. IOU; Southeast electric + multi-state gas incl. Nicor (IL).
- NextEra Energy
World's largest electric utility by market cap; FPL a large regulated T&D peer.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Exelon | $44.08 | +0.38% | $45.26B | 16.0 | 14.9 | 1.8 | +10.0% |
| Public Service Enterprise Group | $73.19 | −0.01% | $36.47B | 18.2 | 16.3 | 2.9 | −9.0% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| Duke Energy | $120.20 | −0.02% | $93.75B | 18.1 | 17.7 | 2.8 | +1.1% |
| FirstEnergy | $46.29 | +0.92% | $26.54B | 24.5 | 15.9 | 1.7 | +9.5% |
| Eversource Energy | $70.84 | +0.02% | $26.64B | 18.4 | 15.1 | 1.9 | +2.3% |
| Dominion Energy | $65.52 | −0.02% | $57.63B | 22.8 | 17.1 | 3.1 | +17.6% |
| Southern Company | $92.05 | +4.32% | $101.52B | 21.3 | 18.9 | 3.4 | +0.1% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Median | 19.8 | 17.4 | 2.9 | +4.7% |