By Connor Hart

Exelon's fourth-quarter profit and revenue fell, as the company faced higher taxes and expenses.

The Chicago-based utility operator on Thursday posted a profit of $593 million, compared with $647 million a year earlier. Quarterly earnings came in at 58 cents a share.

Stripping out certain one-time costs, earnings were 59 cents a share. Analysts surveyed by FactSet expected adjusted earnings of 55 cents a share.

Operating revenue ebbed 1% to $5.41 billion, but was just ahead of the $5.39 billion that Wall Street modeled.

The company--whose utility holdings include ComEd in Illinois and PECO in Pennsylvania--said higher utility earnings stemming primarily from distribution and transmission rates were offset by higher income taxes, contracting costs and depreciation expenses.

Exelon projected $41.3 billion of capital expenditures over the next four years to support customer needs and grid reliability.

Chief Executive Calvin Butler said the company continues balancing the investments needed to meet tomorrow's energy demands, while maintaining customer bills below the national average.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 12, 2026 07:23 ET (12:23 GMT)

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