secwatch.observer — SEC 8-K summary
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Issuer:     EXELON CORP (EXC)
CIK:        0001109357
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001109357-25-000167
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exelon Q2 adjusted EPS $0.39, down from $0.47 YoY; reaffirms FY guidance $2.64-2.74
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- GAAP net income $391M ($0.39/diluted) vs $448M ($0.45) in Q2 2024; adjusted operating earnings $392M ($0.39) vs $472M ($0.47).
- ComEd earnings fell to $228M from $285M on timing and lower transmission; PHI down to $144M from $162M on lower reconciliations and higher costs.
- PECO earnings rose to $136M from $93M on rate increases; BGE up to $55M from $45M on distribution rates, partly offset by Next Generation Energy Act impact.
- Reaffirmed FY2025 adjusted EPS guidance $2.64-$2.74 and 5-7% CAGR through 2028; declared $0.40 quarterly dividend.
- BGE issued $650M 5.45% notes due 2035; ComEd issued $725M 5.95% bonds due 2055; DPL reoffered $78.4M at 3.60%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109357/000110935725000167/0001109357-25-000167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8192/000110935725000167/exc-20250731.htm
  HTML page:      https://secwatch.observer/filing/0001109357-25-000167

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