0001109357-26-000018
SEC filingExelon Corporation (EXC) reported strong financial performance for FY 2025 ending December 31, 2025, with total operating revenues of $24.26 billion, reflecting core operations in regulated electricity and natural gas. Revenues included $25.00 billion in operating revenues offset by $746.0 million from alternative revenue programs. Operating expenses totaled $19.11 billion, driven by $8.67 billion in purchased power and fuel, $5.18 billion in operating and maintenance, $3.64 billion in depreciation and amortization, and $1.63 billion in taxes other than income taxes. This resulted in operating income of $5.15 billion. After $1.86 billion in net other deductions, primarily $2.10 billion interest expense, income before taxes was $3.29 billion. Income taxes of $523.0 million led to net income available to common stockholders of $2.77 billion, or $3 per basic and diluted share on 1.01 billion shares. Comprehensive income attributable to common shareholders was $2.73 billion. Balance sheet showed total assets of $116.57 billion, with property, plant, and equipment at $84.32 billion, shareholders' equity at $28.80 billion, and total liabilities at $87.77 billion. Operating cash flow was robust at $6.25 billion, funding $8.53 billion in capital expenditures amid net investing outflow of $8.53 billion and financing inflow of $2.53 billion, yielding a $262.0 million increase in cash and equivalents. No prior year figures disclosed.
Exelon Corporation delivered solid FY 2025 results with total operating revenues of $24.26B, comprising $25.00B operating revenues less $746.0M from alternative revenue programs. Operating expenses of $19.11B included $8.67B purchased power/fuel, $5.18B operating/maintenance, $3.64B depreciation/amortization, and $1.63B taxes other than income. Operating income reached $5.15B, boosted by $3.0M gain on asset sales. Other deductions of $1.86B, mainly $2.10B interest expense net of $270.0M other income, yielded $3.29B pre-tax income. After $523.0M taxes, net income to common stockholders was $2.77B ($3 per basic/diluted share, 1.01B shares). Comprehensive income to shareholders was $2.73B after -$42.0M OCI. Balance sheet totaled $116.57B assets vs. $87.77B liabilities and $28.80B equity. No prior period data provided for comparisons. (148 words)
Total operating revenues were $24.26B for FY 2025. This aggregates $25.00B in operating revenues offset by -$746.0M revenues from alternative revenue programs. No segment breakdowns by electricity US regulated or natural gas US regulated were quantified in XBRL data. No geographic mix or specific growth drivers disclosed in the provided filing content. Revenue composition reflects regulated utility operations without detailed product/service dimensional splits available. (78 words)
Operating margin calculated as $5.15B operating income / $24.26B revenues ≈ 21.2%. No gross profit explicitly stated; operating expenses of $19.11B on $24.26B revenues imply ≈78.8% cost of operations ratio. Key costs: purchased power/fuel 35.7% of revenues, O&M 21.3%, D&A 15.0%, taxes 6.7%. No prior year margins for trends. Profitability supported by regulated operations, with net margin of $2.77B / $24.26B ≈ 11.4%. Stable cost structure evident. (92 words)
Net cash from operations was $6.25B, starting from $2.77B net income, plus $3.64B D&A, $391.0M deferred taxes, offset by working capital changes including +$1.69B accounts receivable and +$260.0M payables. Investing used $8.53B mainly capex, minor $4.0M asset sale proceeds. Financing provided $2.53B via $6.08B long-term debt issuance, $691.0M common stock, less $1.62B dividends and $1.31B debt retirement. Cash/restricted cash rose $262.0M to $1.10B. Balance sheet: $9.55B current assets, $84.32B PP&E net, $10.33B current liabilities, $11.02B + $390.0M long-term debt, strong $28.80B equity. (128 words)
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided XBRL data or document content. Filing focuses on historical FY 2025 results without forward-looking statements in the extracted sections. Investors should review full 10-K for MD&A outlook details not present here. (52 words)