EXC at a glance
Exelon (EXC, SEC CIK 1109357) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 25, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Exelon (EXC) reported revenue of $24.3 billion (up 5.3% from FY2024) and net income of $2.8 billion.
- As of June 30, 2026, 52 institutional investment managers tracked by SignalX reported holding Exelon (EXC) shares worth $21.2 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $24.3B
- +5.3% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 52 funds
- $21.2B · +3 vs prior quarter
- Latest 8-K
- Aug 25, 2026
- Item 7.01 · Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Holding company conducting energy generation, transmission, and distribution through subsidiaries including ComEd, PECO, BGE, and PHI
- New financing: Issued $1 billion of 3.25% Convertible Senior Notes due 2029 with conversion price ~$57.11 per share
- Strategic shift: Significant increase in investments in affiliates to $43.7 billion from $40.7 billion in prior year
- Quantitative metric: Net income rose to $2.768 billion in 2025 from $2.460 billion in 2024; long-term debt increased to $14.288 billion from $12.095 billion
- Noteworthy fact: Made a $30 million unconditional donation to Exelon Foundation recorded in 2025 operating expenses
Management Discussion & Analysis
- Net income $2,768M in 2025, up $308M from $2,460M in 2024; diluted EPS $2.73 vs $2.45
- Adjusted operating earnings $2,801M in 2025, up $294M from $2,507M in 2024; adjusted EPS $2.77 vs $2.50
- Best segment PECO net income $814M ($263M increase YoY); worst Other segment loss $(570)M (worsened by $145M)
- Issued 16M shares, raised $691M for general purposes; no specific buyback or dividend data disclosed
- Management notes ongoing regulatory risks, rate case proceedings, tax policy changes, and federal infrastructure funding uncertainties impacting future results
Risk Factors
- Regulatory risk: Need FERC renewal for short-term financing; approvals granted for most utilities starting Jan 1, 2026, but dependencies remain on ICC, PAPUC, MDPSC, DCPSC, DEPSC, NJBPU
- Macroeconomic threat: Incremental collateral requirements at ComEd $27M, PECO $58M, BGE $43M, DPL $14M if downgraded from investment grade credit rating as of Dec 31, 2025
- Operational vulnerability: Projected capital expenditures $9.95B in 2026 and $31.3B beyond 2026 for improvements and capacity additions, subject to economic and regulatory changes
- Competitive risk: No direct competitor named; potential market disruptions tied to regulatory-driven renewable energy and REC commitments totaling $8.0B through 2044
- Financial risk: Long-term debt $49.4B with interest payments $33.7B through 2055, high leverage noted with up to 62% long-term debt ratio in Exelon consolidated capital structure
AI summary of the EXC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue not disclosed in provided MD&A; net income $396M vs $391M YoY
- Adjusted operating earnings $438M vs $392M; diluted EPS $0.43 vs $0.39
- Best segment ComEd net income $249M, up $21M; worst PHI $109M, down $34M
- At-the-market issuance 8.7M shares, $382M proceeds for general corporate purposes
- Pending rate cases: Pepco Maryland approval expected third quarter 2026; requested increase $120M at 10.50% ROE
Risk Factors
- No risk-factors section provided; supplied text contains Items 5–6 and exhibits only
- New disclosure: CEO Calvin G. Butler, Jr. terminated his Rule 10b5-1 arrangement on June 9, 2026
- Trading-plan termination occurred before any shares were sold under its terms
- BGE issued 5.150% notes due 2033 and 6.050% notes due 2056 on May 22, 2026
AI summary of the EXC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- 2026 adjusted operating earnings guidance reaffirmed at $2.81-$2.91 per share
- 2025-2029 cumulative annualized adjusted earnings growth still expected near the 5%-7% range’s upper end
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Michael Innocenzo’s departure from Exelon COO, PECO CEO, and ComEd board chair roles planned for 2027, creating leadership-transition risk
- Jeanne Jones to add corporate strategy responsibilities as Executive Vice President of Finance and Strategy effective October 5, 2026
Item 7.01: Regulation FD Disclosure
- Exelon announced second-quarter 2026 results for the period ended June 30, 2026
- Earnings release and supporting attachments available as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 adjusted operating EPS $0.43 vs $0.39 YoY, while GAAP EPS remained $0.39
- Full-year 2026 adjusted EPS guidance reaffirmed at $2.81-$2.91
Item 7.01: Regulation FD Disclosure
- Q1 2026 results for quarter ended March 31, 2026 released May 6, 2026
- Earnings release and supporting attachments available in Exhibit 99.1
AI summaries of EXC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for EXC
Don't miss the next EXC filing
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- Fund moves. Which tracked funds opened, added or cut EXC, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Cheshire Marjorie Rodgers | A | Sep 30, 2026 | 511 | $40.40 |
| BOWERS WILLIAM P | A | Sep 30, 2026 | 1,067 | $40.40 |
| Lillie Charisse R | A | Sep 30, 2026 | 6 | $40.40 |
| Rogers Matthew C | A | Sep 30, 2026 | 897 | $40.40 |
| Lillie Charisse R | A | Jun 30, 2026 | 5 | $46.62 |
| Rogers Matthew C | A | Jun 30, 2026 | 778 | $46.62 |
| BOWERS WILLIAM P | A | Jun 30, 2026 | 925 | $46.62 |
| Cheshire Marjorie Rodgers | A | Jun 30, 2026 | 442 | $46.62 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $23.0B | $24.3B |
| Operating Income | $4.0B | $4.3B | $5.1B |
| Net Income | $2.3B | $2.5B | $2.8B |
| Op. Margin | - | 18.8% | 21.2% |
| Net Margin | - | 10.7% | 11.4% |
| Balance Sheet | |||
| Total Assets | $101.5B | $107.8B | $116.6B |
| Equity | $25.8B | $26.9B | $28.8B |
| ROE | 9.0% | 9.1% | 9.6% |
| Cash Flow | |||
| Operating CF | $4.7B | $5.6B | $6.3B |
| CapEx | $7.4B | $7.1B | $8.5B |
Source: XBRL data in Exelon (EXC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate EXC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 52 | $21.25B |
| Q1 2026 | 49 | $22.33B |
| Q4 2025 | 46 | $20.51B |
| Q3 2025 | 48 | $20.30B |
| Q2 2025 | 44 | $19.52B |
| Q1 2025 | 42 | $14.63B |
| Q4 2024 | 39 | $10.20B |
| Q3 2024 | 34 | $4.89B |
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- Wells Fargo & Co−297.1K (-15%)
- Soros Fund Management−104.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 354 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
EXC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 8-K | Aug 25, 2026 | - | Analysis | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| 8-K | Apr 30, 2026 | - | Analysis | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Apr 29, 2026 | - | - | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Apr 29, 2026 | - | - | - |
| 8-K | Apr 16, 2026 | - | Analysis | - |
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EXC SEC filings: frequently asked questions
Which institutions hold EXC stock?
As of June 30, 2026, the largest Exelon (EXC) holders among the 13F filers tracked by SignalX were BlackRock ($5.6 billion), State Street Corp ($3.1 billion), Vanguard Capital Management LLC ($3.1 billion), Vanguard Portfolio Management LLC ($2.6 billion), Invesco Ltd ($1.8 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was EXC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Exelon (EXC) reported revenue of $24.3 billion (up 5.3% from FY2024) and net income of $2.8 billion. The figures come from the XBRL data in the 10-K.
What are the main risks in EXC's latest 10-K?
In the 10-K filed February 12, 2026, Exelon (EXC) flagged: Regulatory risk: Need FERC renewal for short-term financing; approvals granted for most utilities starting Jan 1, 2026, but dependencies remain on ICC, PAPUC, MDPSC, DCPSC, DEPSC, NJBPU. Macroeconomic threat: Incremental collateral requirements at ComEd $27M, PECO $58M, BGE $43M, DPL $14M if downgraded from investment grade credit rating as of Dec 31, 2025. (AI summary of the Risk Factors section.)
What did EXC report in its latest 8-K?
Exelon (EXC) filed an 8-K on August 25, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). 2026 adjusted operating earnings guidance reaffirmed at $2.81-$2.91 per share.
What are the latest EXC SEC filings?
Exelon (EXC) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 25, 2026 and a Form 4 insider filing on October 1, 2026.
What is EXC's SEC CIK number?
Exelon (EXC)'s SEC Central Index Key (CIK) is 1109357. EDGAR lists every EXC filing under that number.
Ask anything about EXC
The research agent reads EXC's filings, financials, insider trades and 13F holders, then answers with sources.