Constellation Energy's Q4 revenue exceeded expectations but earnings per share fell short

2026-02-24 16:44:29

Abstract generation in progress

Baltimore - On Tuesday, Constellation Energy Corporation (NASDAQ: CEG) announced its fourth quarter adjusted earnings per share of $2.30, slightly below analysts’ consensus estimate of $2.31.

Revenue reached $6.07 billion, surpassing analysts’ expectations of $4.95 billion and up 13% from $5.38 billion in the same period last year.

Following the earnings release, the company’s stock rose 0.61% in pre-market trading.

The company attributed this quarter’s performance to unfavorable results from its nuclear power tax credit investment portfolio, partially offset by favorable market and portfolio conditions.

Adjusted operating income declined from $2.44 per share in Q4 2024.

President and CEO Joe Dominguez stated, “Constellation is well-positioned as we enter 2026 to meet the nation’s growing demand for reliable clean electricity. Over the past year, we welcomed Calpine into our company — expanding our generation portfolio, strengthening our commercial platform, and enhancing our ability to serve customers nationwide.”

For the full year 2025, Constellation reported adjusted earnings per share of $9.39, up from $8.67 in 2024, reflecting strong business execution and industry-leading nuclear plant performance.

The company completed its acquisition of Calpine Corporation on January 7, 2026, becoming the largest power producer in the United States.

The company’s nuclear fleet produced 45,459 gigawatt-hours of electricity in the fourth quarter, essentially unchanged from 45,494 gigawatt-hours in the same period last year. The fleet achieved a capacity factor of 93.1% this quarter.

The Constellation board announced a quarterly dividend of $0.4265 per share, payable on March 20, 2026. The company plans to discuss its 2026 guidance during the business and earnings outlook conference call scheduled for March 31, 2026.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.