Every material Form 8-K Exelon has filed with the SEC since December 03, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Exelon reported third-quarter 2026 GAAP net income of $0.70 per share and adjusted operating earnings of $0.87 per share. The company narrowed its full-year 2026 adjusted operating earnings guidance range to $2.85 to $2.91 per share and declared a regular quarterly dividend of $0.42 per share.
GAAP net income was $0.70 per share, down from $0.86 per share in the third quarter of 2025.
Adjusted operating earnings rose to $0.87 per share from $0.86 per share in the prior-year period.
Full-year 2026 adjusted operating earnings guidance was narrowed to a range of $2.85 to $2.91 per share.
The Board of Directors declared a regular quarterly dividend of $0.42 per share, payable on December 15, 2026.
Exelon announced an executive reshuffle. Robert Kleczynski becomes Chief Financial Officer on Oct. 5, 2026, succeeding Jeanne Jones, who becomes Executive Vice President of Finance and Strategy. Mike Innocenzo, Chief Operating Officer and PECO's interim president and CEO, will depart in 2027 on a date to be determined. In the same filing, Exelon reaffirmed its 2026 adjusted operating earnings guidance of $2.81-$2.91 per share.
Robert Kleczynski becomes CFO and principal financial officer effective Oct. 5, 2026, with a base salary of $650,000 and a long-term incentive target of $1,765,000
Michael Innocenzo will leave his roles as Chief Operating Officer, PECO president and CEO, and ComEd board chair in 2027, date to be determined
Exelon reaffirmed 2026 adjusted operating earnings guidance of $2.81-$2.91 per share and expects 2025-2029 adjusted operating earnings growth near the top of the 5 to 7 percent range
Exelon reported second-quarter 2026 GAAP net income of $0.39 per share, flat from a year earlier, and adjusted operating earnings of $0.43 per share, up from $0.39. The company affirmed its full-year 2026 adjusted operating earnings guidance of $2.81 to $2.91 per share, which matters to shareholders because it signals the company expects to stay on its earnings path.
Second-quarter operating revenues were $5,967 million, up from $5,427 million in the second quarter of 2025.
GAAP net income was $396 million, compared with $391 million a year earlier.
Full-year 2026 adjusted operating earnings guidance affirmed at $2.81 to $2.91 per share.
Board declared a quarterly dividend of $0.42 per share, payable September 15, 2026, to holders of record on September 4, 2026.
Exelon reported first-quarter 2026 results on May 6, 2026. GAAP net income rose to $919 million from $908 million and operating revenues rose to $7.24 billion from $6.71 billion, but adjusted operating earnings fell to $0.91 per share from $0.92 a year earlier. The company affirmed its 2026 adjusted operating earnings guidance of $2.81 to $2.91 per share and a revised $41.7 billion four-year capital plan.
Adjusted (non-GAAP) operating earnings were $0.91 per share versus $0.92 in Q1 2025; GAAP net income was $0.90 per share in both periods.
Operating revenues were $7,242 million versus $6,714 million in Q1 2025; net income attributable to common shareholders was $919 million versus $908 million.
Exelon affirmed 2026 adjusted operating earnings guidance of $2.81 to $2.91 per share and projects 7.9% rate base growth.
The board declared a quarterly dividend of $0.42 per share, payable June 15, 2026, to holders of record on June 4, 2026.
Exelon Corporation issued and sold $775 million in aggregate principal amount of 4.950% notes due March 15, 2036, on February 20, 2026. The company said net proceeds, together with available cash, will be used to retire its $750 million 3.400% notes due 2026 at maturity, with the remainder for general corporate purposes.
Notes: $775 million principal, 4.950% fixed interest, maturing March 15, 2036
Interest payable semi-annually on March 15 and September 15, beginning September 15, 2026
Proceeds to retire $750 million 3.400% notes due 2026 at maturity; remainder for general corporate purposes
Underwriting agreement dated February 18, 2026 with BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC as representatives
Exelon reported fourth-quarter 2025 adjusted operating earnings of $0.59 per share, down from $0.64 a year earlier, while full-year 2025 adjusted earnings rose to $2.77 per share from $2.50. The company initiated 2026 adjusted earnings guidance of $2.81 to $2.91 per share and updated its four-year plan to include $3.4 billion of equity to fund $41.3 billion of capital expenditures.
Q4 2025 GAAP net income was $0.58 per share, down from $0.64; Q4 operating revenue was $5.41 billion, down from $5.47 billion.
Full-year 2025 operating revenue was $24.26 billion, up from $23.03 billion, and GAAP net income was $2.73 per share, up from $2.45.
2026 adjusted operating earnings guidance is $2.81 to $2.91 per share, which the company describes as over 6% growth from its 2025 guidance.
The board declared a quarterly dividend of $0.42 per share, payable March 13, 2026, to holders of record on March 2, 2026.
Exelon Corporation completed the sale of $1 billion in 3.25% convertible senior notes due March 15, 2029, including the full $100 million option, in a private offering. The company estimates net proceeds of about $987.5 million, which it intends to use to repay or refinance debt or for general corporate purposes, and the notes can be converted into cash, shares, or a combination of both. For shareholders, the deal adds debt and could lead to new shares if holders convert, with the initial conversion price set at about $57.11 per share, a 25% premium to the December 1, 2025 closing price.
Notes total $1 billion, including the $100 million option exercised in full, and mature March 15, 2029
Interest of 3.25% per year is payable semiannually, starting September 15, 2026
Initial conversion price is about $57.11 per share, a premium of about 25% over the December 1, 2025 last reported sale price
Estimated net proceeds are about $987.5 million before other offering expenses
Exelon said Executive Vice President David Glockner, who oversees compliance, audit and risk, will leave the company effective January 1, 2026, with severance under the Senior Management Severance Plan. Responsibilities will shift to two current executives: CFO Jeanne Jones takes audit and risk, and Chief Legal Officer Colette Honorable takes compliance.
David Glockner, EVP Compliance, Audit and Risk, departs effective January 1, 2026
Glockner to receive benefits under the Senior Management Severance Plan for a termination other than for cause
Jeanne Jones to become EVP, Chief Finance Officer, Audit and Risk, in an expanded role
Colette Honorable to become EVP, Chief Legal Officer, Compliance and Corporate Secretary, in an expanded role
Exelon reported third quarter 2025 results on November 4, 2025, with GAAP net income of $875 million, or $0.86 per share, up from $707 million, or $0.70 per share, a year earlier. The company reaffirmed its full-year 2025 adjusted operating earnings guidance of $2.64 to $2.74 per share, which matters to shareholders because it signals the company expects results to stay on its planned path.
Q3 2025 adjusted operating earnings were $0.86 per share, compared with $0.71 per share in Q3 2024
Q3 2025 operating revenues were $6,705 million, compared with $6,154 million in Q3 2024
Full-year 2025 adjusted operating earnings guidance affirmed at $2.64 to $2.74 per share
Quarterly dividend of $0.40 per share declared October 29, 2025, payable December 15, 2025 to holders of record on November 10, 2025
Exelon reported second-quarter 2025 results on July 31, 2025. Revenue rose to $5,427 million from $5,361 million, but adjusted operating earnings fell to $0.39 per share from $0.47 a year earlier, and the company affirmed its full-year 2025 adjusted EPS guidance of $2.64-$2.74.
Adjusted operating EPS was $0.39 versus $0.47 a year earlier; GAAP EPS was $0.39 versus $0.45.
Operating revenues were $5,427 million versus $5,361 million; GAAP net income was $391 million versus $448 million.
Full-year 2025 adjusted operating EPS guidance of $2.64-$2.74 was affirmed; PECO storm outages peaked above 325,000 customers.
The board declared a $0.40 quarterly dividend on July 29, 2025, payable September 15, 2025.
On May 2, 2025, Exelon entered into an Equity Distribution Agreement creating an at-the-market program to sell common stock with an aggregate gross sales price of up to $2.5 billion. The company has no obligation to sell any shares and may suspend or terminate the program at any time, and it expects to use any net proceeds for general corporate purposes, including repaying debt. Shares sold would dilute existing holders, so shareholders should note the potential increase in outstanding shares.
Program size: aggregate gross sales price of up to $2,500,000,000 across sales agents and forward sellers
Company expects proceeds from physical settlement of forward sale agreements, with use of proceeds for general corporate purposes including debt repayment
Shares offered under Form S-3 Registration Statement No. 333-284911
Exelon reported first-quarter 2025 GAAP net income of $908 million, or $0.90 per share, up from $658 million, or $0.66 per share, a year earlier. Adjusted operating earnings rose to $0.92 per share from $0.68, and the company affirmed its full-year 2025 adjusted operating earnings guidance of $2.64 to $2.74 per share.
GAAP net income of $908 million ($0.90 per share) versus $658 million ($0.66 per share) in Q1 2024
Adjusted operating earnings of $0.92 per share versus $0.68 per share in Q1 2024
Full-year 2025 adjusted operating earnings guidance of $2.64 to $2.74 per share affirmed
Quarterly dividend of $0.40 per share declared April 29, 2025, payable June 13, 2025
Exelon's Board appointed David DeWalt as an independent director effective March 10, 2025. DeWalt is founder and CEO of venture capital and cybersecurity firm NightDragon, and the company says his expertise will help oversee safety of operations and customer data as it upgrades systems.
David DeWalt appointed to Exelon Board of Directors effective March 10, 2025
Committee assignments have not yet been determined
DeWalt will receive Exelon's standard director compensation, as disclosed in the March 20, 2024 proxy statement
DeWalt previously led cybersecurity firms FireEye and McAfee
Exelon sold $1.0 billion of senior notes on February 21, 2025, split into $500 million of 5.125% notes due 2031 and $500 million of 5.875% notes due 2055. Part of the proceeds, with available cash, will repay $464 million of commercial paper borrowings that carried a weighted average rate of 4.537% as of February 11, 2025, and the rest will fund general corporate purposes. The filing describes a financing transaction that adds long-term debt rather than a change to operations or earnings.
Notes: $500 million of 5.125% due March 15, 2031 and $500 million of 5.875% due March 15, 2055
Interest paid semi-annually on March 15 and September 15, starting September 15, 2025
$464 million of proceeds plus cash on hand to repay commercial paper at about 4.537% weighted average rate
Exelon reported fourth-quarter 2024 adjusted operating earnings of $0.64 per share, up from $0.60 a year earlier, and full-year adjusted earnings of $2.50 per share, up from $2.38. The company introduced 2025 adjusted earnings guidance of $2.64-$2.74 per share and raised its four-year capital plan to $38 billion, which includes $1.4 billion of additional equity.
Q4 2024 GAAP net income of $0.64 per share, up from $0.62; adjusted operating earnings of $0.64 per share, up from $0.60
Full-year 2024 adjusted operating earnings of $2.50 per share, up from $2.38 in 2023
2025 adjusted operating earnings guidance range of $2.64-$2.74 per share
Capital expenditure plan of $38 billion over four years, up 10% from the prior plan, with $1.4 billion of additional equity
Exelon said Gayle Littleton will step down as Executive Vice President, Chief Legal Officer and Corporate Secretary effective January 1, 2025, and will serve as Senior Advisor to the CEO until she leaves on March 31, 2025. Colette Honorable, currently Executive Vice President, Public Policy and Chief External Affairs Officer, will take over the legal department and be named Chief Legal Officer and Corporate Secretary, while continuing to lead federal policy, regulatory affairs and corporate giving. The filing describes this as a consolidation of the executive leadership team and does not disclose any financial figures.
Gayle Littleton leaves the Chief Legal Officer and Corporate Secretary roles effective January 1, 2025, and departs Exelon on March 31, 2025.
Littleton's separation will follow the terms of Exelon's Senior Management Severance Plan for termination other than for cause.
Colette Honorable becomes Chief Legal Officer and Corporate Secretary effective January 1, 2025, and keeps her federal policy, regulatory affairs and corporate giving duties.
Exelon President and CEO Calvin Butler thanked Littleton for her role in the company's 2022 separation of its generation and retail power business.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Exelon filing is on SEC EDGAR ↗. 8-K briefs of other companies →