10-QPeriod: Q2 FY2026

EXELON CORP Quarterly Report for Q2 Ended Jun 30, 2026

Filed July 30, 2026For Securities:EXC

Summary

Exelon Corporation (EXC) reported a slight increase in net income attributable to common shareholders for the six months ended June 30, 2026, reaching $1.315 billion, a modest rise from $1.300 billion in the same period of 2025. Diluted earnings per share remained steady at $1.28 for both periods. The company's total operating revenues saw a significant increase to $13.209 billion for the first six months of 2026, up from $12.141 billion in the prior year, driven by higher electric operating revenues across its subsidiaries. Significant capital expenditures of $4.558 billion were made in investing activities during the first half of 2026, a notable increase from $3.962 billion in the same period of 2025, reflecting ongoing investments in property, plant, and equipment to support operations and grid modernization. Financially, Exelon managed its debt effectively, issuing $3.6 billion in long-term debt while retiring $1.6 billion. The company also successfully raised $382 million through the issuance of common stock under its at-the-market program. Cash flows from operating activities improved substantially, reaching $3.669 billion for the six months ended June 30, 2026, compared to $2.711 billion in the prior year, primarily due to higher net income and favorable changes in working capital. The company's financial position remains robust, with total assets growing to $120.505 billion, supported by substantial investments in its utility infrastructure.

Key Highlights

  • 1Total operating revenues increased to $13.209 billion for the six months ended June 30, 2026, up from $12.141 billion in the prior year.
  • 2Net income attributable to common shareholders rose slightly to $1.315 billion for the six months ended June 30, 2026, from $1.300 billion in the same period of 2025.
  • 3Diluted earnings per share remained stable at $1.28 for both the six-month periods ended June 30, 2026, and 2025.
  • 4Capital expenditures significantly increased to $4.558 billion for the six months ended June 30, 2026, from $3.962 billion in the prior year, indicating strong investment in infrastructure.
  • 5Cash flows from operating activities saw a substantial increase to $3.669 billion for the six months ended June 30, 2026, up from $2.711 billion in the prior year.
  • 6The company issued $3.6 billion in long-term debt and retired $1.6 billion, while raising $382 million through equity issuance.
  • 7Total assets grew to $120.505 billion as of June 30, 2026, reflecting ongoing growth and investment in the business.

Frequently Asked Questions

Exelon reported a slight increase in net income attributable to common shareholders, reaching $1.315 billion for the first six months of 2026, compared to $1.300 billion in the same period of 2025. Diluted earnings per share remained stable at $1.28. Total operating revenues increased to $13.209 billion, driven by growth across its utility segments.

Exelon significantly increased its capital expenditures in investing activities, spending $4.558 billion in the first six months of 2026, a rise from $3.962 billion in the comparable period of 2025. This reflects continued investment in property, plant, and equipment to enhance its utility infrastructure and operations.

Exelon actively managed its capital structure by issuing $3.6 billion in long-term debt and retiring $1.6 billion during the first half of 2026. Additionally, the company raised $382 million in proceeds through the issuance of common stock under its at-the-market program, indicating a balanced approach to financing its operations and growth.

Cash flows from operating activities showed a substantial improvement, increasing to $3.669 billion for the first six months of 2026 from $2.711 billion in the prior year. This increase was primarily driven by higher net income and favorable changes in working capital.