Constellation Energy quarterly revenue reaches $9.55B
Key points
- Constellation Energy reported third-quarter 2026 revenue of US$9.55 billion, up 45% year-over-year, and adjusted operating EPS of US$5.06, exceeding analyst expectations.
- GAAP diluted EPS increased 75% to US$5.19, while nuclear power operations achieved a 97.2% capacity factor.
- Constellation raised and narrowed its full-year 2026 adjusted operating EPS guidance to US$12.50–US$12.80, supported by power agreements with Amazon and Google and planned generation investments.
Constellation Energy (NASDAQ:CEG) reported third-quarter 2026 revenue of US$9.55 billion, up 45% year-over-year, while adjusted operating earnings per share reached US$5.06.
Revenue exceeded the analyst estimate of approximately US$9.37 billion, while adjusted operating EPS surpassed expectations of US$3.85–US$3.90 and GAAP diluted EPS increased 75% to US$5.19 from US$2.97.
The company attributed its performance to favourable market and portfolio conditions and the integration of Calpine, partly offset by higher net interest expenses and nuclear production tax credit dynamics.
Nuclear capacity factor reached 97.2%, up 40 basis points year-over-year, while Constellation also agreed to acquire the 609-megawatt Rhode Island State Energy Center for US$715 million.
Following the announcement, the Constellation Energy share price was up 1.98% at US$254.91 in premarket trading at 6:46 a.m. Eastern Time, compared with its previous closing price of US$249.95.
The company has signed a 20-year power purchase agreement with Amazon covering 690 MW, including a 190 MW expansion at Calvert Cliffs, and a separate 20-year agreement with Google supporting 890 MW of additional nuclear capacity across 11 units.
Constellation also secured a conditional US$5 billion Department of Energy loan commitment for potential nuclear upgrades, alongside a 15-year Google agreement covering 2,700 MW and a 20-year Peak+ agreement for 270 MW beginning in 2028.
