Exelon Corporation's Stock Analysis

Exelon Completes $1 Billion Convertible Senior Notes Offering

Exelon Corporation has successfully completed the sale of $1 billion in 3.25% Convertible Senior Notes due 2029, which includes a full exercise of a $100 million option for additional notes. The notes will bear interest at a fixed rate of 3.25% per year, with interest payments made semiannually starting September 15, 2026. The notes are convertible into cash or a combination of cash and common stock, with an initial conversion price of approximately $57.11 per share, representing a 25% premium over the stock's last reported price before the offering. Exelon plans to use the net proceeds for debt repayment or refinancing and general corporate purposes.

The offering was conducted privately to qualified institutional buyers and the notes are senior, unsecured obligations of the company. They will mature on March 15, 2029, and are subject to specific conversion conditions prior to December 15, 2028. The notes rank senior to subordinated debt and equal to other unsecured debt, while being junior to secured debt in terms of payment priority. The company has outlined customary events of default that could accelerate repayment if triggered. The transaction is expected to close on December 4, 2025, pending customary conditions.

Dec 04, 2025 11:29:15

Exelon Announces Executive Departures and Role Changes

Exelon Corporation has announced the departure of David Glockner, Executive Vice President of Compliance, Audit, and Risk, effective January 1, 2026. Glockner will receive benefits according to the company's Senior Management Severance Plan for terminations not for cause.

Following Glockner's departure, Jeanne Jones, currently the Executive Vice President and Chief Financial Officer, will take on additional responsibilities as Executive Vice President, Chief Finance Officer, Audit and Risk. Colette Honorable, the current Executive Vice President, Chief Legal Officer, and Corporate Secretary, will expand her role to include compliance, becoming Executive Vice President, Chief Legal Officer, Compliance and Corporate Secretary.

Nov 26, 2025 09:15:47

Exelon Settles Derivative Action, Court Approves Preliminary Settlement

On November 18, 2025, the United States District Court for the Northern District of Illinois granted preliminary approval for a proposed settlement of a consolidated stockholder derivative action against Exelon Corporation. This settlement, reached through mediation by the company's Special Litigation Committee and the Independent Review Committee, aims to resolve claims related to alleged breaches of fiduciary duty by certain officers and directors of Exelon and its subsidiaries. The terms of the settlement are detailed in the Stipulation and Agreement of Settlement, which is available for review by shareholders.

The settlement addresses claims brought forth by several shareholders, including allegations of an illegal bribery scheme aimed at influencing legislation in favor of Exelon. If the court approves the settlement, it will result in the dismissal of the consolidated derivative action and bar shareholders from contesting the settlement or pursuing related claims. A Settlement Hearing is scheduled for March 18, 2026, to determine the final approval of the settlement and any associated legal fees.

Nov 24, 2025 16:12:10

Exelon Announces Blackout Period for Employee Savings Plan

Exelon Corporation will implement a vendor change for its Employee Savings Plan (ESP), resulting in a blackout period from December 3, 2025, to the week of December 22, 2025. During this time, participants will be unable to make changes to their contribution rates, direct investments, or access loans or withdrawals from their accounts. This blackout period is necessary for the transition to the new vendor.

Additionally, during the blackout period, Exelon's directors and executive officers are prohibited from trading in the company's common stock or related securities. This restriction applies to all transactions, including indirect ones involving family members or entities where they have a financial interest. Violating these trading rules could lead to significant penalties, including the requirement to forfeit any profits from unauthorized trades.

Nov 18, 2025 14:41:16

Exelon Reports Third Quarter 2025 Financial Results and Dividend

Exelon Corporation announced its third quarter 2025 financial results, reporting a GAAP net income of $0.86 per share, which is an increase from $0.70 per share in the same quarter of 2024. The company reaffirmed its full-year adjusted operating earnings guidance range of $2.64 to $2.74 per share, highlighting strong performance across its utilities. Notably, Pepco has filed a rate case with the Maryland Public Service Commission to support infrastructure investments, and Exelon completed its planned debt financings for the year, progressing on its equity financing needs through 2028.

Additionally, Exelon's Board of Directors declared a quarterly dividend of $0.40 per share, payable on December 15, 2025. The company emphasized its commitment to operational excellence and infrastructure modernization, aiming to invest $38 billion in critical infrastructure over the next four years. The earnings conference call is scheduled for November 4, 2025, allowing investors to engage with the company's leadership regarding these results and future plans.

Nov 04, 2025 06:52:58

Exelon Reports Second Quarter 2025 Financial Results

Exelon Corporation announced its financial results for the second quarter of 2025, reporting a GAAP net income of $0.39 per share, a decrease from $0.45 per share in the same quarter of 2024. Adjusted operating earnings also fell to $0.39 per share from $0.47 per share year-over-year, primarily due to lower utility earnings linked to increased storm costs and other operational challenges. The company reaffirmed its full-year adjusted operating earnings guidance range of $2.64 to $2.74 per share and highlighted that all its utilities maintained top quartile performance in reliability metrics.

Additionally, Exelon's Board of Directors declared a quarterly dividend of $0.40 per share, payable on September 15, 2025. The company has made significant progress in its financing activities, having executed approximately 80% of planned debt financings and completed its equity financing needs for 2025. The financial performance was impacted by various factors, including increased costs at the holding company level and storm-related expenses, but the company remains focused on delivering long-term value through operational excellence and strategic investments.

Jul 31, 2025 06:55:58

Exelon Reports Q1 2025 Earnings and Confirms Full-Year Guidance

Exelon Corporation reported a GAAP net income of $0.90 per share and adjusted operating earnings of $0.92 per share for the first quarter of 2025, marking an increase from $0.66 and $0.68 per share, respectively, in the same quarter of 2024. The company reaffirmed its full-year 2025 adjusted operating earnings guidance range of $2.64 to $2.74 per share and reported that all its utilities maintained top quartile performance in reliability and top decile performance in safety. Additionally, Exelon completed about 50% of its planned debt financings and priced approximately 60% of its $700 million annualized equity financing need for 2025 by the end of March 2025.

The company's operating results showed significant improvements, particularly in its utility segments. ComEd and PECO reported substantial increases in both GAAP net income and adjusted operating earnings, attributed to higher distribution and transmission rate increases. However, BGE experienced a slight decrease in both measures due to increased interest expenses. Exelon's Board of Directors declared a quarterly dividend of $0.40 per share, payable on June 13, 2025, to shareholders of record by May 12, 2025.

May 01, 2025 06:57:59

Exelon Appoints David DeWalt to Board, Enhancing Cybersecurity Focus

Exelon has appointed David DeWalt to its Board of Directors, effective March 10, 2025. DeWalt, known for his expertise in cybersecurity and technology, has previously led companies such as FireEye and McAfee. His experience is expected to complement Exelon's focus on enhancing the safety of operations and customer data as the company upgrades its systems to meet the demands of a complex technology landscape.

As the largest utility company in the U.S., Exelon serves 10.7 million customers through its various regulated utilities. The announcement highlights Exelon's commitment to integrating technology and infrastructure to improve energy delivery. However, the release does not mention any specific financial metrics or performance indicators related to this appointment or its potential impact on the company's operations.

Mar 10, 2025 16:11:54

Exelon Reports $2.45 Full-Year Earnings Per Share for 2024

Exelon Corporation reported a GAAP net income of $0.64 per share for the fourth quarter of 2024, matching the previous year's performance, and a full-year GAAP net income of $2.45 per share, an increase from $2.34 in 2023. The company also declared a quarterly dividend of $0.40 per share for the first quarter of 2025 and introduced a guidance range for 2025 Adjusted operating earnings between $2.64 and $2.74 per share. Additionally, Exelon plans to invest $38 billion in capital expenditures over the next four years to enhance grid reliability and customer service, projecting a 7.4% growth in rate base and 5-7% annualized earnings growth through 2028.

Conversely, Exelon faced challenges, with ComEd's net income decreasing to $243 million in the fourth quarter of 2024 from $268 million in the prior year. BGE also reported a decline in net income to $175 million from $199 million, attributed to higher depreciation and interest expenses. While PECO showed improvements in earnings, overall performance was mixed, with certain operational costs increasing and some utilities experiencing lower allowed rates of return. These factors highlight ongoing financial pressures despite overall positive earnings growth.

Feb 12, 2025 06:56:32

Exelon Appoints Colette Honorable as New Chief Legal Officer

Exelon Corporation announced the departure of Gayle Littleton as Chief Legal Officer and Corporate Secretary, effective January 1, 2025. She will transition to the role of Special Advisor to the CEO until March 31. Colette Honorable, currently the Executive Vice President of Public Policy, will take over the legal department and expand her responsibilities. Littleton’s leadership was noted for her role in the company’s significant legal achievements, including the separation of Exelon’s business sectors and resolving government investigations.

Colette Honorable, who joined Exelon in 2023, has a strong background in energy regulation and policy advocacy. Her prior experience includes serving as a FERC Commissioner and a partner at a global law firm. While her appointment is seen as a positive step for Exelon’s legal and regulatory strategy, the transition may raise concerns about continuity in leadership, given Littleton's impactful tenure since 2020.

Dec 03, 2024 09:05:46