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Constellation Energy CEG

US equityMarket cap rank #170Nuclear Power
$262.34
−$1.54 (-0.58%)
Market open · Sep 24, 2:00 pm ET
After hours $263.50 -0.14%
Open$261.02
Prev close$263.88
Day range$258.50 – $263.83
Volume865.5K
Market cap$92.95B
P/E (TTM)25.6
Dividend yield0.62%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$7.50B+23.0% YoY
Operating profit-$47.00M-109.4% YoY
Net profit$508.00M-39.0% YoY
Diluted EPS$1.42-46.8% YoY
Free cash flow-$118.00M-116.6% YoY
Operating cash flow$1.13B

Revenue, last 8 quarters

$6.6BSep '24$5.4BDec '24$6.8BMar '25$6.1BJun '25$6.6BSep '25$6.1BDec '25$11.1BMar '26$7.5BJun '26

Net profit, last 8 quarters

$1.2BSep '24$850.0MDec '24$129.0MMar '25$833.0MJun '25$929.0MSep '25$432.0MDec '25$1.6BMar '26$508.0MJun '26

Diluted EPS by quarter

3.82Sep '242.71Dec '240.38Mar '252.67Jun '252.97Sep '251.38Dec '254.49Mar '261.42Jun '26

Free cash flow by quarter

$-664.0MSep '24$-1.7BDec '24$-699.0MMar '25$710.0MJun '25$1.5BSep '25$-181.0MDec '25$-850.0MMar '26$-118.0MJun '26

Annual revenue

$17.6BFY20$19.6BFY21$24.4BFY22$24.9BFY23$23.6BFY24$25.5BFY25

Profitability & balance sheet

Gross margin21.4%
Operating margin17.8%
Net margin11.1%
Return on equity15.3%
Return on assets4.6%
Return on invested capital10.2%
Current ratio1.46
Liabilities / assets67.1%
Cash & investments$697.00M
Total debt$24.70B
Net cash (debt)-$24.00B
Free cash flow / sales1.0%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Calpine$2.15B 28.6%
  • Midwest$1.57B 20.9%
  • Mid-Atlantic$1.56B 20.7%
  • Other Power Regions$964.00M 12.8%
  • New York$564.00M 7.5%
  • Electric Reliability Council of Texas (ERCOT)$446.00M 5.9%
  • Other$260.00M 3.5%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $7.50B $11.12B $25.53B $6.07B $6.57B
Total Operating Revenue $7.50B $11.12B $25.53B $6.07B $6.57B
Cost of Revenue $6.28B $8.13B $20.84B $5.08B $5.08B
Gross Profit $1.23B $2.99B $4.69B $990.00M $1.49B
Operating Expense $1.28B $724.00M $495.00M $184.00M $33.00M
Depreciation & Amortization & Depletion $443.00M $443.00M $985.00M $242.00M $241.00M
-Depreciation & Amortization $443.00M $443.00M $985.00M $242.00M $241.00M
Other Taxes $207.00M $229.00M $622.00M $150.00M $165.00M
Other Operating Expenses $625.00M $52.00M -$1.11B -$208.00M -$373.00M
Operating Profit -$47.00M $2.27B $4.20B $806.00M $1.46B
Net Non-Operating Interest Income (Expense) -$283.00M -$253.00M -$511.00M -$113.00M -$134.00M
Non-Operating Interest Expense $283.00M $253.00M $511.00M $113.00M $134.00M
Other Income (Expense) $1.23B $112.00M -$176.00M -$1.00M $70.00M
Gain on Sale of Security $1.23B $84.00M -$304.00M -$48.00M $19.00M
Special Income (Charges) $2.00M $14.00M $0.00 $0.00 $0.00
-Gain on Sale of Property/Plant/Equipment $2.00M $14.00M $0.00 $0.00 $0.00
Other Non-Operating Income (Expenses) $2.00M $14.00M $128.00M $47.00M $51.00M
Pretax Profit $900.00M $2.13B $3.51B $692.00M $1.40B
Tax $398.00M $530.00M $1.19B $259.00M $466.00M
Earnings from Equity Interest Net of Tax $6.00M $8.00M -$1.00M -$1.00M $0.00
Net Profit $508.00M $1.60B $2.32B $432.00M $929.00M
Profit from Continuing Operations $508.00M $1.60B $2.32B $432.00M $929.00M
Minority Interests -$5.00M $13.00M $4.00M $0.00 -$1.00M
Net Income to Parent Company $513.00M $1.59B $2.32B $432.00M $930.00M
Net Income to Common Stockholders $513.00M $1.59B $2.32B $432.00M $930.00M
Basic EPS $1.42 $4.49 $7.40 $1.38 $2.98
Diluted EPS $1.42 $4.49 $7.40 $1.38 $2.97
Dividend Per Share $0.43 $0.43 $1.55 $0.39 $0.39

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $98.25B $96.91B $57.25B $57.25B $56.16B
Total Current Assets $18.97B $18.01B $12.12B $12.12B $11.65B
Cash and Cash Equivalents & Short-Term Investments $697.00M $800.00M $3.64B $3.64B $3.96B
-Cash and Cash Equivalents $697.00M $800.00M $3.64B $3.64B $3.96B
Receivables $4.66B $4.41B $4.27B $4.27B $3.78B
-Accounts Receivable $3.77B $3.96B $3.58B $3.58B $3.17B
-Other Receivables $894.00M $454.00M $689.00M $689.00M $612.00M
Inventory $3.37B $2.58B $1.74B $1.74B $1.66B
Restricted Cash $380.00M $371.00M $107.00M $107.00M $132.00M
Other Current Assets $1.95B $2.31B $1.42B $1.42B $1.48B
Total Non-Current Assets $79.29B $78.90B $45.13B $45.13B $44.51B
Net PPE $41.23B $40.77B $22.47B $22.47B $21.99B
-Gross PPE $60.82B $60.29B $41.55B $41.55B $40.92B
-Accumulated Depreciation -$19.59B -$19.52B -$19.07B -$19.07B -$18.93B
Investments and Advances $353.00M $314.00M $307.00M $307.00M $427.00M
-Available for Sale Securities $184.00M $178.00M $192.00M $192.00M –
-Long Term Equity Investment $45.00M $26.00M $3.00M $3.00M –
Financial Assets $1.74B $2.11B $450.00M $450.00M $459.00M
Goodwill and Other Intangible Assets $11.53B $11.53B $420.00M $420.00M $420.00M
-Goodwill $11.53B $11.53B $420.00M $420.00M $420.00M
Other Non-Current Assets $24.44B $24.18B $21.48B $21.48B $21.22B
Total Liabilities $65.93B $63.09B $42.40B $42.40B $41.47B
Total Current Liabilities $13.03B $13.22B $7.94B $7.94B $7.46B
Payables $2.85B $3.19B $3.06B $3.06B –
-Accounts Payable $2.46B $2.71B $2.81B $2.81B –
-Total Tax Payable $395.00M $484.00M $246.00M $246.00M –
Current Accrued Expenses $796.00M $700.00M $315.00M $315.00M –
Short-Term Debt and Capital Lease Obligation $5.59B $5.47B $1.74B $1.74B $1.77B
-Current Debt $5.59B $5.47B $1.74B $1.74B $1.77B
Other Current Liabilities $3.01B $3.29B $1.91B $1.91B $1.76B
Total Non-Current Liabilities $52.90B $49.88B $34.45B $34.45B $34.01B
Long Term Accounts Payable and Other Payables $5.91B $5.39B $5.33B $5.33B $5.22B
Long Term Debt and Capital Lease Obligation $19.11B $16.99B $7.25B $7.25B $7.27B
-Long Term Debt $19.11B $16.99B $7.25B $7.25B $7.27B
Derivative Product Liabilities $601.00M $518.00M $414.00M $414.00M $440.00M
Non-Current Liabilities $12.61B $12.43B $13.19B $13.19B $13.03B
Non-Current Deferred Liabilities $8.51B $8.20B $3.54B $3.54B $3.58B
Employee Benefits $1.84B $1.84B $1.98B $1.98B $1.77B
Other Non-Current Liabilities $4.30B $4.51B $2.74B $2.74B $2.71B
Total Equity $32.32B $33.82B $14.85B $14.85B $14.69B
Stockholders' Equity $31.98B $33.48B $14.52B $14.52B $14.35B
Capital Stock $26.68B $28.57B $11.04B $11.04B $11.02B
-Common Stock $26.68B $28.57B $11.04B $11.04B $11.02B
Retained Earnings $7.69B $7.33B $5.90B $5.90B $5.59B
Gains/Losses Not Affecting Retained Earnings -$2.40B -$2.43B -$2.43B -$2.43B -$2.26B
Minority Interests $345.00M $337.00M $336.00M $336.00M $342.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.13B $425.00M $4.24B $805.00M $1.85B
Net cash flow from continuing operations $1.13B $425.00M $4.24B $805.00M $1.85B
Net Income from Continuing Operations $508.00M $1.60B $2.32B $432.00M $929.00M
Gain/Loss from Continuing Operations $22.00M -$1.03B $216.00M $476.00M -$112.00M
Depreciation & Depletion & Amortization $695.00M $672.00M $1.94B $482.00M $485.00M
Deferred Tax $300.00M $440.00M $273.00M $25.00M $234.00M
Other Non-Cash Items -$222.00M $374.00M -$505.00M -$585.00M $176.00M
Change in Working Capital -$199.00M -$1.63B -$7.00M $231.00M $155.00M
-Change in Receivables -$16.00M $323.00M -$363.00M -$179.00M -$392.00M
-Change in Inventory -$169.00M $106.00M -$134.00M -$72.00M -$79.00M
-Change in Payables and Accrued Expense $100.00M -$1.38B $316.00M $341.00M $204.00M
-Change In Other Working Capital -$114.00M -$686.00M $174.00M $141.00M $422.00M
Net cash flow from investing -$1.37B -$3.73B -$3.20B -$977.00M -$463.00M
Net Cash Flow from Continuing Investing Activities -$1.37B -$3.73B -$3.20B -$977.00M -$463.00M
Capital Expenditure -$1.25B -$1.28B -$2.95B -$986.00M -$390.00M
Net Business Purchase and Sale $0.00 -$2.54B – – –
Net Investment Purchase and Sale -$106.00M -$68.00M -$338.00M -$90.00M -$79.00M
Net Other Investing Changes -$17.00M $148.00M $89.00M $99.00M $6.00M
Financing Cash Flow $147.00M $730.00M -$420.00M -$171.00M $644.00M
Net Cash Flow from Continuing Financing Activities $147.00M $730.00M -$420.00M -$171.00M $644.00M
Net Issuance Payments Of Debt $2.26B $973.00M $574.00M -$40.00M $722.00M
Cash Dividends Paid -$154.00M -$155.00M -$486.00M -$121.00M -$121.00M
Net Other Financing Charges $10.00M -$88.00M -$108.00M -$10.00M $43.00M
Ending Cash Balance $1.08B $1.17B $3.75B $3.75B $4.09B
Net Change in Cash -$94.00M -$2.58B $619.00M -$343.00M $2.03B
Beginning Cash Balance $1.17B $3.75B $3.13B $4.09B $2.06B
Free Cash Flow -$118.00M -$850.00M $1.29B -$181.00M $1.46B
Net Common Stock Issuance – – -$400.00M $0.00 $0.00
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