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Constellation Energy Corporation

Constellation Energy Corporation

NASDAQ•CEG
CEO: Mr. Joseph Dominguez
Sector: Utilities
Industry: Renewable Utilities
Listing Date: 2022-01-19
Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.
Contact Information
1310 Point Street, Baltimore, MD, 21231-3380, United States
833-883-0162
www.constellationenergy.com
Market Cap
$109.97B
P/E (TTM)
40.2
39.6
Dividend Yield
0.4%
52W High
$412.70
52W Low
$161.35
52W Range
76%
Rank49Top 53.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$7.18B+9.68%
4-Quarter Trend

EPS

$2.97-22.45%
4-Quarter Trend

FCF

$1.46B-319.58%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Growth Total operating revenues reached $19.46B for nine months, marking a 7.0% increase compared to $18.19B in 2024.
Adjusted Earnings Improvement Adjusted Operating Earnings for nine months totaled $2.22B, showing strong growth to $7.09 EPS versus $6.23 EPS prior year.
Strong Cash Position Cash, restricted cash, and equivalents ended period at $4.09B after nine months, reflecting a $2.21B increase from 2024.
Conowingo License Settlement Reached settlement agreement with MDE resolving all outstanding issues for Conowingo Hydroelectric Project 401 Certification.

Risk Factors

GAAP Net Income Decline GAAP Net Income attributable to common shareholders fell to $1.89B for nine months, down $1.01B from the prior year period.
Economic Hedge Losses Unfavorable net unrealized losses on economic hedges significantly impacted quarterly and nine-month GAAP earnings results.
Nuclear Fuel Supply Risk Russia/Ukraine conflict creates geopolitical risk impacting delivery from suppliers of enriched uranium fuel supply.
Tariff and Trade Uncertainty Long-term impact of tariffs on energy sector remains uncertain; potential increases in costs for essential power generation components.

Outlook

Calpine Acquisition Progress Merger Agreement signed January 2025 to acquire Calpine; regulatory approvals received from PUCT, NYPSC, and FERC.
RCF Facility Expansion Amended RCF increased aggregate commitment to $7.0B, extending maturity to September 2030, available upon Calpine closing.
Nuclear PTC Viability Reinforced OBBBA signed into law, reinforcing long-term economic viability of nuclear generation assets via extended tax credits.
Liquidity Management Focus Expect cash flows sufficient to meet capital needs, including Calpine acquisition cash consideration, supported by credit facilities.

Peer Comparison

Revenue (TTM)

Constellation Energy CorporationCEG
$25.46B
+6.1%
Exelon CorporationEXC
$24.32B
+6.1%
DTE Energy CompanyDTE
$14.82B
+19.4%

Gross Margin (Latest Quarter)

Constellation Energy CorporationCEG
195.3%
+166.3pp
DTE Energy CompanyDTE
83.5%
+46.5pp
Exelon CorporationEXC
43.1%
+2.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CEG$109.97B40.220.3%201.0%
EXC$44.05B15.610.2%43.6%
ETR$41.24B22.311.5%43.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
10.1%
Steady Growth
4Q Net Income CAGR
3.0%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 17, 2026
|
EPS:$2.20
|
Revenue:$6.68B
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $7.18B+9.7%
    |
    EPS: $2.97-22.5%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $6.10B+11.4%
    |
    EPS: $2.67+3.5%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $6.79B+10.2%
    |
    EPS: $0.38-86.4%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 18, 2025|
    Revenue: $23.57B-5.4%
    |
    EPS: $11.90+137.1%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $6.55B+7.2%
    |
    EPS: $3.83+68.7%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $5.48B+0.5%
    |
    EPS: $2.58+0.4%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $6.16B-18.6%
    |
    EPS: $2.79+862.1%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $24.92B+2.0%
    |
    EPS: $5.02+1168.1%
    Miss