Company facts
- Industry
- Electric & Other Services Combined
- Headquarters
- Chicago, Illinois
- Most recent report
- 10-Q, filed Oct 30, 2026
- Incorporated
- Pennsylvania
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 1109357
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 38
News 8 of 155
Prospectuses and Registrations 8 of 43
- 424B5 Prospectus supplement for an offering Feb 19, 2026
- FWP Free writing prospectus Feb 18, 2026
- 424B2 Prospectus supplement for an offering Feb 18, 2026
- 424B5 Prospectus supplement for an offering Jun 20, 2025
- 424B5 Prospectus supplement for an offering May 2, 2025
- 424B2 Prospectus supplement for an offering Apr 9, 2025
- S-3/A Shelf registration statement, amended Mar 27, 2025
- 424B2 Prospectus supplement for an offering Feb 19, 2025
Proxies 8 of 21
- DEFA14A Extra proxy material Mar 18, 2026
- DEF 14A Proxy statement for a shareholder vote Mar 18, 2026
- DEFA14A Extra proxy material Mar 19, 2025
- DEF 14A Proxy statement for a shareholder vote Mar 19, 2025
- DEFA14A Extra proxy material Apr 9, 2024
- DEF 14A Proxy statement for a shareholder vote Mar 20, 2024
- PRE 14A Preliminary proxy statement Mar 6, 2024
- DEFA14A Extra proxy material Mar 15, 2023
Ownership 8 of 688
- 3 Insider reported their initial holding Oct 6, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Oct 1, 2026
- SCHEDULE 13G/A Large holder reported a passive stake, amended Jul 8, 2026
- 4 Insider reported a trade Jul 1, 2026
- 4 Insider reported a trade Jul 1, 2026
Other 8 of 55
- 11-K Employee stock plan report Jun 23, 2026
- ARS Annual report sent to shareholders Mar 18, 2026
- 11-K Employee stock plan report Jun 18, 2025
- EFFECT Notice that a registration became effective Apr 8, 2025
- CORRESP Reply to SEC staff Apr 4, 2025
- ARS Annual report sent to shareholders Mar 19, 2025
- UPLOAD Comment letter from SEC staff Feb 20, 2025
- DEL AM Feb 19, 2025
What to read: Sep 2026 10-Q
SECSift found 2 of 10 sections worth reading, with 0 positive, 12 notable, and 3 negative flags.
Financial Statements (Item 1)
Financial statements and notes with material regulatory, tax, and litigation developments.Notable- ComEd's 2025 MRP reconciliation filed May 2026 proposes a $234M revenue increase, pending ICC order by December 20, 2026.
- Pepco's D.C. rate case was remanded by the Court of Appeals; rates remain in effect, refunds not required yet.
- BGE canceled two capital projects and wrote off $37M of PP&E to O&M expense in Q3 2026.
- Exelon has a $1B convertible note (3.25% due 2029) convertible at ~$57/share, with no conversions yet as of September 30, 2026.
- Exelon, BGE, PHI, Pepco, and DPL have filed $165M in Maryland sales tax refund claims, pending resolution.
Management's Discussion (Item 2)
Net income fell $146M Q3 and $130M YTD; Pepco write-offs, storm costs, and regulatory risks dominate.Notable- IRS guidance cut CAMT liability by $80M; Exelon got $235M reimbursement from Constellation.
- Exelon issued 11M shares via ATM in 2026 for $483M net proceeds, diluting existing holders.
- Exelon plans $350M in operating cost savings by 2027, announced May 2026.
- IRS PLRs could cut regulatory liability for EDITs by $0.8B-$1.2B for utilities except PECO.
- Maryland law imposes rate case moratorium until April 2027; BGE, Pepco, DPL must join RTO.
- FERC order on PJM cost allocation could be material; impact not yet estimable.
- Delaware law caps DPL non-mandatory capital spend at $70M/year in 2026-27, then 5% of rate base.
What changed: Sep 2026 vs. Jun 2026
About 5% of EXC's Sep 2026 10-Q is new information. 61 paragraphs were added, 392 changed, and 38 removed. Below are the most important lines SECSift identified.
Changed
- Adjusted (non-GAAP) operating earnings rose to $897M ($0.87) from $874M ($0.86) for Q3.
- BGE pending electric rate case amended to $151M from $156M, filed July 2, 2026 (amended Oct 16, 2026).
- DPL pending Delaware electric case amended to $53M from $45M, filed Dec 9, 2025 (amended Aug 31, 2026).
- Exelon long-term debt increased to $50,791M at Sep 30, 2026 from $47,413M at Dec 31, 2025.
- Exelon total assets rose to $122,237M at Sep 30, 2026 from $116,570M at Dec 31, 2025.
- Net income fell to $729M from $875M for Q3, and to $2,044M from $2,174M for nine months.
- Note reference changed from 11 to 12 for Commitments and Contingencies.
- PECO added a new supplemental indenture dated July 15, 2026, replacing ComEd and BGE indentures from prior filing.
- Reference to debt note changed from Note 9 to Note 10 in the interest rate risk paragraph.
- Reference to derivative note changed from Note 8 to Note 9 in the counterparty credit risk bullet.
- Reference to derivative note changed from Note 8 to Note 9 in the interest rate derivatives sentence.
- Reference to fair value note changed from Note 10 to Note 11 in the table description.
Everything here comes from Exelon Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Oct 30, 2026, from the 10-Q for Sep 2026.