EXC
EXELON CORPEvidence as of 2026-10-14The desk's Snapshot
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Overview · EXELON CORP
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers. It also offers support services, including legal, human resources, info…
Management team
- Ms. Cynthia McCabe · Senior VP & Chief Communications OfficerFind on LinkedIn
- Mr. David Andrew Glockner · Executive Vice President of Compliance, Audit & RiskFind on LinkedIn
- Mr. Michael A. Innocenzo · Executive VP & COOFind on LinkedIn
- Ms. Jeanne M. Jones · Executive VP & CFOFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.1 of a possible +2; confidence high). Reported revenues were $6,714,000,000 in Q1 2025 (fiscal quarter ended 2025-03-31), $5,427,000,000 in Q2 2025 (fiscal quarter ended 2025-06-30), $6,705,000,000 in Q3 2025 (fiscal quarter ended 2025-09-30) and $7,242,000,000 in Q1 2026 (fiscal quarter ended 2026-03-31). Operating income across those periods ranged from $927,000,000 to $1,605,000,000, diluted EPS clustered around $0.39 to $0.90, and FY 2025 consolidated net income attributable to common shareholders was $2,768,000,000 with diluted EPS of $2.73.
Balance-sheet and cash-flow data show long-term debt increasing to $47,859,000,000 as of 2026-03-31 while cash and cash equivalents were $713,000,000 at that date, and trailing twelve‑month free cash flow was negative $3,552,000,000 driven by $7,952,000,000 in capex against $4,400,000,000 of operating cash flow. Market measures are mixed: a dividend yield of 3.92% and low realized volatility sit alongside negative momentum (three‑, six‑, and materially lagging 12‑month relative strength versus SPY), a trailing P/E of 13.88 and EV/EBITDA of 8.82.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Reported revenues were $6,714,000,000 for the fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo), $5,427,000,000 for fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo), $6,705,000,000 for fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) and $7,242,000,000 for fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0001109357-25-000113Operating income was $1,536,000,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo), $927,000,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo), $1,500,000,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) and $1,605,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0001109357-25-000113Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the Form 10-K filed 2026-02-12, Exelon reported consolidated net income attributable to common shareholders of $2,768 million for the year ended December 31, 2025, up $308 million from $2,460 million in 2024, and diluted earnings per share of $2.73 in 2025 versus $2.45 in 2024.
10-K filed 2026-02-12In the Form 10-K filed 2026-02-12, management characterized the drivers of the year-over-year increase as "primarily due to: Favorable impacts of rate increases at ComEd, PECO, BGE, and PHI; Favorable weather at PECO; Higher return on regulatory assets at ComEd; Higher AFUDC at ComEd; Lower income tax expense at PECO; Lower storm costs at BGE; and Impacts of the multi-year plan reconciliation at BGE."
10-K filed 2026-02-12Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Three-month momentum is -7.4% (cross-sectional rank: 23th percentile of 881 for 6-month momentum), indicating near-term price performance is below most of the research universe as of 2026-10-13.
Moneyta signal set · 2026-10-13weakened in debateSix-month momentum is -12.2% and the 6-month relative strength versus SPY is -24.2%, showing EXC has underperformed the research universe and the S&P 500 ETF over the mid-term as of 2026-10-13.
Moneyta signal set · 2026-10-13weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F holdings reported as of 2026-06-30 show a total reported value of "$43.74B", with BlackRock, Inc. holding "$5.58B", STATE STREET CORP holding "$3.15B", and VANGUARD CAPITAL MANAGEMENT LLC holding "$3.11B".
13F holdings · 1298 filers · as of 2026-06-30The 13F data carries a reporting lag: the dataset notes that "13F filings carry a 45-day reporting lag" and that the as-of quarter is the latest REPORTED quarter, not today's book.
13F holdings · 1298 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Coverage from simplywall.st on 13 October 2026 highlights Exelon subsidiary ComEd’s role supporting Richardson Electronics’ expanded battery energy storage manufacturing and a 5 MWh onsite demonstration project, framing the story around battery storage integration work.
News · simplywall.st · 2026-10-13A finance.yahoo.com piece on 12 October 2026 frames an options-based trading idea tied to Exelon stock and mentions concerns about AI data center exposure as part of the backdrop.
News · finance.yahoo.com · 2026-10-12Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Trailing twelve-month price/earnings (P/E) is 13.88.
Valuation inputs · SEC XBRL + stored EOD closeEnterprise value to EBITDA (EV/EBITDA) on a trailing twelve-month basis is 8.82.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several pieces of the record jointly support a favorable read on Exelon’s operating and income profile: reported quarterly revenues and operating income show recurring multi-billion-dollar scale with operating income recovering to $1.6B in the most recent quarter (fundamentals-0, fundamentals-1). The 2025 consolidated net income and EPS increased year-over-year per the 10-K, with management attributing the improvement to rate relief and regulatory returns across utility subsidiaries (filings-0, filings-1). Valuation and income characteristics in the market data further bolster the constructive view: a trailing P/E of ~13.9, EV/EBITDA under 9, a high dividend yield near 3.9% and above-average dividend growth rank (valuation-0, valuation-1, market-3). While headline negatives exist (rising long-term debt, negative trailing FCF, and recent price underperformance), the evidence shows those are linked to heavy capex and grid investments rather than operating erosion, and institutional ownership plus ETF inclusion indicate continued investor participation (valuation-3, fundamentals-4, valuation-2, ownership-0, ownership-2). Taken together, the strongest evidence supports that operating profitability and regulatory drivers are material strengths; the weaker evidence (debt and FCF) appears consistent with capital-intensive utility investment rather than near-term operating deterioration.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.39
36 surviving claims rest on 13 distinct sources; the heaviest analyst carries 22% of them, and 96% of what the desk raised survived the debate.
The surviving set is moderately diverse in sources but leans on a small group of contributors — one analyst authored over one fifth of the surviving claims — so individual analyst judgment has measurable influence on the read. A very high debate-survival rate (96%) suggests the desk retained most raised points, which can indicate either strong initial vetting or limited adversarial challenge; treat single-source or analyst-heavy findings with proportionally less weight.
Peer context · computed, not argued
12-1 momentum ranks 11th of 16 in Utilities—Regulated Electric (as of 2026-10-13).
6-month relative strength ranks 11th of 16 in Utilities—Regulated Electric (as of 2026-10-13).
90-day volatility ranks 4th of 16 in Utilities—Regulated Electric (as of 2026-10-13).
dividend yield ranks 4th of 16 in Utilities—Regulated Electric (as of 2026-10-13).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.3 to the score
10 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.2 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on EXC Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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