Constellation Energy generated higher revenue year over year in Q4 2025, but GAAP net income and EPS declined compared to the prior year. Adjusted operating earnings remained solid, and the company advanced strategic initiatives including the Calpine acquisition and long-term nuclear license renewals.
Constellation Energy delivered solid results in Q3 2025 with strong adjusted EPS and a strategic regulatory win for the Conowingo Dam, despite a year-over-year decline in GAAP net income.
Constellation Energy delivered strong financial performance in Q2 2025, with adjusted EPS rising to $1.91 and GAAP EPS at $2.67. Operating income reached $951 million, supported by increased revenue and favorable market conditions. The company also repurchased $400 million in shares and announced a significant 20-year deal with Meta.
Constellation Energy delivered robust Q1 2025 results, with Adjusted EPS rising to $2.14 and continued strength in clean energy generation. Revenue reached nearly $6.8 billion, while net income was significantly lower year-over-year due to non-operational items.
Constellation Energy reported a GAAP Net Income of $2.71 per share and Adjusted (non-GAAP) Operating Earnings of $2.44 per share for Q4 2024. The company affirmed its full-year 2025 Adjusted (non-GAAP) Operating Earnings guidance range of $8.90 - $9.60 per share. They also entered a definitive agreement to acquire Calpine Corporation.
Constellation Energy reported a GAAP Net Income of $3.82 per share and Adjusted (non-GAAP) Operating Earnings of $2.74 per share for the third quarter of 2024. The company is raising the midpoint and narrowing the full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $8.00 – $8.40 per share.
Constellation Energy reported a strong second quarter 2024, with GAAP net income of $2.58 per share and adjusted (non-GAAP) operating earnings of $1.68 per share. The company raised its full-year 2024 adjusted (non-GAAP) operating earnings guidance range to $7.60-$8.40 per share and repurchased approximately $500 million of its common stock in the second quarter.
Constellation Energy reported a strong first quarter in 2024, with GAAP Net Income of $2.78 per share and Adjusted (non-GAAP) Operating Earnings of $1.82 per share. The company reaffirmed its full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $7.23 - $8.03 per share. They also authorized an additional $1 billion for share repurchases and Moody's upgraded their credit rating.