Constellation Energy Corporation

Constellation Energy Corporation

CEG
Constellation Energy CorporationUS flagNASDAQ Global Select
271.37
USD
-3.63
- -
96.15BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
62.63
58
53.95
60.27
74.74
77.15
74.82
81.58
93.34
Basic EPS, GAAP
1.13
3.45
1.81
-0.63
-0.49
5.02
11.9
7.41
10.34
Free Cash Flow per Basic Share
11.83
8.8
1.79
-4.1
-7.2
-16.41
-7.82
13.54
12.56
Dividend per Share
3.07
2.76
5.31
5.62
0.57
1.13
1.41
1.55
1.64
Book Value per Share
- -
41.36
38.03
34.41
33.69
34.46
42.09
46.49
90
Tangible Book Value per Share
- -
41.22
37.89
34.41
33.55
33.12
40.74
45.14
57.56
Basic Weighted Avg Shares
326
326
326
326
327
323
315
313
335
Sales/Revenue/Turnover
20,437
18,924
17,603
19,649
24,440
24,918
23,568
25,533
31,270
Operating Margin (%)
4.54
6.85
2.41
1.84
-1.67
9.58
20.57
16.44
14.34
Depreciation Expense
3,415
3,063
3,636
3,995
1,849
1,883
2,007
1,937
2,334
Net Income, GAAP
370
1,125
589
-205
-160
1,623
3,749
2,319
3,465
Effective Tax Rate (%)
- -
26.92
29.78
148.03
- -
35.1
17.14
33.81
32.34
Profit Margin (%)
1.81
5.94
3.35
-1.04
-0.65
6.51
15.91
9.08
11.08
Working Capital
- -
-213
1,728
-15
1,521
1,980
3,930
4,175
5,933
LT Debt
- -
4,792
5,890
4,894
4,466
7,496
7,384
7,250
19,111
Total Equity
- -
15,830
14,676
11,614
11,372
11,286
13,539
14,853
32,322
Return on Invested Capital (%)
- -
7.88
1.3
-0.84
- -
8.24
18.91
12.1
7.67
Return on Capital (%)
- -
11.16
3.69
-2.25
- -
10.34
19.67
11.59
10.08
Return on Common Equity (%)
- -
16.69
4.55
-1.74
-1.44
14.79
31.12
16.75
15.26

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,742
5,472
5,589
LT Borrowings
7,250
16,994
19,111
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
312
362
355
Market Capitalization
110,323
101,086
88,246

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,119
18,009
18,965
Cash, Cash Equivalents & STI
3,641
800
697
Accounts Receivable, Net
3,577
3,960
3,767
Inventories
1,736
2,582
3,368
Total Current Liabilities
7,944
13,215
13,032
Payables & Accruals
3,374
3,892
3,649
ST Debt
1,742
5,472
5,589
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.19%
9.71%
Free Cash Flow
- -
-90.69%
-271.96%
Net Income, GAAP
- -
-235.66%
-38.14%
Sales/Revenue/Turnover
- -
8.18%
8.34%
Total Cash Common Dividend
- -
8.87%
9.46%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,161
5,475
6,550
5,382
23,568
2025
6,788
6,101
6,570
6,074
25,533
2026
11,122
7,504
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.79
2.58
3.83
2.71
11.9
2025
0.38
2.67
2.97
1.38
7.41
2026
4.49
1.42
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.35
0.35
0.35
1.41
2025
0.39
0.39
0.39
0.39
1.55
2026
0.44
0.43
- -
- -
- -

Company Description

CEO
Joseph Dominguez
Full Time Employees
15,315
Sector
Utilities
Industry
Independent Power Producers
Address
1310 Point Street Baltimore MD United States of America 21231-3380
IPO Date
Jan 19, 2022
Business
Constellation Energy Corporation Constellation Energy Corporation (CEG), headquartered in Baltimore, Maryland, operates as the nation's largest producer of carbon-free energy, generating more than 32,400 megawatts from a diverse fleet including nuclear, hydro, wind, solar, and natural gas facilities that supply approximately 10 percent of U.S. clean power; the company also serves as a leading competitive retail supplier of electricity, natural gas, and sustainable energy solutions to about two million residential, commercial, industrial, public sector, and institutional customers across the continental United States, including three-fourths of Fortune 100 companies, with annual retail volumes of roughly 150 terawatt hours of electricity and 800 billion cubic feet of natural gas. Core offerings encompass carbon-free power from over 19,000 megawatts of nuclear capacity across plants such as Braidwood, Calvert Cliffs, and Nine Mile Point; fossil fuel generation exceeding 12,000 megawatts from natural gas, oil, and combined-cycle facilities like Colorado Bend and Handsome Lake; hydroelectric output from Conowingo Dam and Muddy Run; wind power from 27 projects totaling nearly 1,400 megawatts; solar assets including Antelope Valley Ranch; energy management services via Constellation NewEnergy for procurement, brokerage, trading, hedging, and risk management; offsite renewables through the CORe program combining renewable energy certificates with load-following supply; sustainability solutions for carbon footprint reduction and 24/7 carbon-free matching; and technical services through subsidiaries Constellation Generation Solutions and Constellation PowerLabs. Founded in 1999 as a holding company by Baltimore Gas and Electric and spun off as an independent entity in 2022 following its separation from Exelon Corporation Exelon Corporation, Constellation conducts operations primarily in the U.S. with select international assets such as the Grande Prairie natural gas plant in Canada, targeting utilities, municipalities, cooperatives, hyperscalers, and end-users in deregulated markets. Recent developments include the January 2025 agreement to acquire Calpine Corporation Calpine Corporation in a $16.4 billion equity value cash-and-stock transaction, potentially creating the largest U.S. clean energy provider by combining nuclear expertise with Calpine's low-emission natural gas and leading geothermal fleets for enhanced coast-to-coast reliability and sustainability offerings; November 2025 securing of a $1 billion U.S. Department of Energy loan to restart the Crane Clean Energy Center, adding 835 megawatts of baseload nuclear capacity; senior leadership changes and integration of Calpine executives ahead of the deal's expected year-end closure; a 2024 power purchase agreement with Microsoft to reactivate Three Mile Island Unit 1; planned $3 billion in 2025 capital expenditures for nuclear uprates, life extensions, and battery storage; and issuance of a $900 million green note for eligible projects, all underscoring strategic expansion amid rising demand for dispatchable clean power.

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