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Constellation Energy Corporation(CEG)Earnings, Financials & Key Ratios
CEG•NASDAQ•Utilities
$239.71
32.4× P/E·Price updated Jul 7, 2026
AboutConstellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, renewable energy, and other energy-related products and services. The company has 32,400 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. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.Show more
- Revenue$25.53B+8.3%
- EBITDA$4.07B-42.3%
- Net Income$2.32B-38.1%
- Free Cash Flow$1.29B-74.1%
- EBITDA Margin15.94%-46.7%
- Net Margin9.08%-42.9%
- ROE16.34%-45.9%
- Interest Coverage7.87-6.8%
- Debt/Equity0.61-2.6%
CEG Price & Volume
Constellation Energy Corporation (CEG) stock price & volume — 10-year historical chart
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Nuclear Fleet Reinvestment Drives Strategic Growth Potential
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regulatory and operational concentration
Key Thesis Takeaways
- Constellation Energy is pivoting toward a high-growth model by leveraging its nuclear fleet to meet surging demand for carbon-free baseload power, as evidenced by a 63.8% revenue surge in 2026Q1.
- While the company maintains a healthy debt-to-equity ratio of 0.66, investors should monitor the volatility in cash flows and the reliance on external financing to fund its $3.7 billion quarterly capital expenditure.
- The long-term outlook remains tied to the company's ability to successfully execute life extensions and navigate the regulatory risks surrounding federal nuclear support mechanisms.
Verdict Logic
while the forward PEG ratio of 0.69 suggests potential value, the significant $3.3 billion free cash flow deficit in 2026Q1 warrants caution regarding the sustainability of current capital allocation strategies.
CEG Growth Metrics
Constellation Energy Corporation (CEG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.93%
5 Years7.72%
3 Years1.47%
TTM23.44%
Profit CAGR
10 Years5.39%
5 Years31.53%
3 Years-
TTM27.48%
EPS CAGR
10 Years5.83%
5 Years32.63%
3 Years-
TTM21.29%
Return on Capital
10 Years3.06%
5 Years4.07%
3 Years6.65%
Last Year6.47%
CEG Recent Earnings
Constellation Energy Corporation (CEG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$2.74+7.9%
$2.54
Rev
$11.1B+31.5%
$8.5B
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$2.30+0.9%
$2.28
Rev
$6.1B+8.4%
$5.6B
Q4 2025
Nov 7, 2025Metric
Actual
Est
EPS
$3.04-2.3%
$3.11
Rev
$6.6B+5.9%
$6.2B
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$1.91+3.8%
$1.84
Rev
$6.1B+24.4%
$4.9B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $2.74vs $2.54+7.9% | $11.1Bvs $8.5B+31.5% |
| Q1 2026 | Feb 24, 2026 | $2.30vs $2.28+0.9% | $6.1Bvs $5.6B+8.4% |
| Q4 2025 | Nov 7, 2025 | $3.04vs $3.11-2.3% | $6.6Bvs $6.2B+5.9% |
| Q3 2025 | Aug 7, 2025 | $1.91vs $1.84+3.8% | $6.1Bvs $4.9B+24.4% |
Based on last 12 quarters of dataView full earnings history →
Latest CEG News
Recent stock market news and headlines for Constellation Energy Corporation (CEG)
Zacks Investment Research·22h ago
Investors Heavily Search Constellation Energy Corporation (CEG): Here is What You Need to KnowConstellation Energy Corporation (CEG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Zacks Investment Research·1 day ago
Can AI-Driven Electricity Demand Fuel CEG's Long-Term Growth?Constellation Energy's clean power deals, nuclear fleet and new generation projects position it to gain from rising AI-driven electricity demand.
24/7 Wall Street·1 day ago
Record Heat Dome Drove the Grid to All-Time Peak Demand Friday: Here's 4 Stocks To Buy As Things Heat UpA once-in-a-decade heat dome baked the eastern United States this Fourth of July weekend.
ETF Trends·1 day ago
Microreactors Reach Milestones and Retailers Go NuclearThe U.S. nuclear sector advanced on two fronts in recent days. Advanced microreactors completed a key federal target while the existing commercial fleet signed a landmark agreement with a major retailer.
Peers Comparison
Key metrics vs top competitors for Constellation Energy Corporation (CEG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $239.71 | $86.58B | 32.39 | 8.34% | 9.08% | 16.34% | 0.65% | |
| $155.73 | $52.51B | 70.47 | -12.41% | 13.82% | 43.14% | — | |
| $138.01 | $29.12B | 34.42 | 9.17% | 0.74% | 8.84% | — | |
| $366.66 | $16.75B | -76.55 | 21.8% | -0.69% | -1.72% | — | |
| $33.48 | $6.88B | 23.58 | 4.23% | 0.13% | 0.03% | — | |
| $14.62 | $10.43B | 11.60 | -0.37% | 10.72% | 13.55% | — |
Compare CEG vs Peers
Constellation Energy Corporation (CEG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CEG SEC Filings & Documents
Constellation Energy Corporation (CEG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 11, 2026·SEC
Material company update
May 1, 2026·SEC
Material company update
Mar 31, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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CEG Frequently Asked Questions
Constellation Energy Corporation (CEG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Constellation Energy Corporation's revenue?
Constellation Energy Corporation (CEG) reported $29.87B in revenue for fiscal year 2025. This represents a 107% increase from $14.44B in 2012.
How fast is Constellation Energy Corporation growing?
Constellation Energy Corporation (CEG) grew revenue by 8.3% over the past year. This is steady growth.
Is CEG profitable?
Yes, Constellation Energy Corporation (CEG) is profitable, generating $3.80B in net income for fiscal year 2025 (9.1% net margin).
Dividend & Returns
Does CEG pay dividends?
Yes, Constellation Energy Corporation (CEG) pays a dividend with a yield of 0.65%. This makes it attractive for income-focused investors.
What is CEG's return on equity?
Constellation Energy Corporation (CEG) has a return on equity (ROE) of 16.3%. This is reasonable for most industries.
What is Constellation Energy Corporation's free cash flow?
Constellation Energy Corporation (CEG) had negative free cash flow of $1.32B in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is CEG's dividend sustainable?
Constellation Energy Corporation (CEG) has a dividend payout ratio of 21%. This suggests the dividend is well-covered and sustainable.