Exelon
Exelon is a leading utility services holding company focused exclusively on the transmission and distribution of electricity and natural gas. The company operates through several major regulated utilities serving millions of customers in the Mid-Atlantic and Midwest regions. Its core value proposition centers on maintaining industry-leading operational excellence and reliability while advancing clean energy targets through significant infrastructure modernization.
Financials
Based on Q1 2026 filing
Revenue
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Electric Distribution and Transmission
primaryThe primary business involving the purchase and regulated retail sale of electricity, as well as the operation of transmission and distribution infrastructure. This segment serves major metropolitan areas including Chicago, Philadelphia, Baltimore, and Washington D.C.
Regulated Electric Distribution, Electric Transmission Services, Default Electricity Supply
Residential, Commercial, Industrial, Governmental
Natural Gas Distribution
majorRegulated distribution of natural gas to retail customers in specific service territories. This segment includes the purchase of gas supply and the management of storage and pipeline capacity to meet seasonal heating demands.
Regulated Natural Gas Distribution, Gas Storage Services, Off-system Gas Sales
Residential, Commercial, Industrial
Segment Financials
Potomac Electric Power Company — Purchased power from affiliates
View metricAtlantic City Electric Company — Purchased power from affiliates
View metricBaltimore Gas and Electric Company — Purchased power from affiliates
View metricPECO Energy Co — Purchased power from affiliates
View metricBusiness Overview
Competitive Position
Exelon is the largest utility company in the United States by customer count, operating as a regulated monopoly within its specific service territories.
Geographies
Illinois, Pennsylvania, Maryland, Delaware, New Jersey, District of Columbia
Customer Segments
Retail Consumers, Commercial Enterprises, Industrial Manufacturers, Municipalities
Upstream Dependencies
Competitive Electric Generation Suppliers, Natural Gas Producers, Interstate Pipeline Operators, Electrical Equipment Manufacturers
Downstream Customers
Residential Households, Commercial Businesses, Industrial Facilities, Public Sector Entities
Competitors & Partners
Competitors
Public Service Enterprise Group
PEG
Regional utility peer in the Mid-Atlantic
FirstEnergy
FE
Major utility competitor in the Mid-Atlantic region.
American Electric Power
AEP
Major multi-state utility peer
Ameren
AEE
Regional utility peer and competitor in energy markets
PPL
PPL
Regional utility peer in the PJM market
Constellation Energy
CEG
Former generation subsidiary spun off in 2022
Partners
PJM Interconnection
Regional transmission organization that coordinates the movement of wholesale electricity
Subsidiaries
Commonwealth Edison Company
Regulated electric utility serving Northern Illinois (ComEd)
PECO Energy Company
Regulated electric and gas utility serving Southeastern Pennsylvania
Baltimore Gas and Electric Company
Regulated electric and gas utility serving Central Maryland (BGE)
Potomac Electric Power Company
Regulated electric utility serving DC and Maryland (Pepco)
Delmarva Power & Light Company
Regulated electric and gas utility serving Delaware and Maryland (DPL)
Atlantic City Electric Company
Regulated electric utility serving Southern New Jersey (ACE)
Exelon Business Services Company
Centralized support services provider (BSC)
Exelon FAQ
Common questions about Exelon
Exelon is a leading utility services holding company focused exclusively on the transmission and distribution of electricity and natural gas. The company operates through several major regulated utilities serving millions of customers in the Mid-Atlantic and Midwest regions. Its core value proposition centers on maintaining industry-leading operational excellence and reliability while advancing clean energy targets through significant infrastructure modernization.
Exelon (EXC) has a market capitalization of $47.3B and trades on NASDAQ.
Exelon generated $24.8B in trailing twelve-month revenue with net income of $2.8B, representing a net margin of 11.2%, with free cash flow of -$2.3B. These figures are based on the Q1 2026 filing.
Exelon's key competitors include Public Service Enterprise Group, FirstEnergy Corp., American Electric Power, and others. These companies compete in similar markets and product categories.
Exelon has approximately 19,962 employees.