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Mar 31, 2024
Constellation Energy Q1 2024 Earnings Report
Constellation Energy reported strong first quarter earnings driven by favorable market conditions and strong commercial business performance.
Key Takeaways
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.
GAAP Net Income was $2.78 per share, and Adjusted (non-GAAP) Operating Earnings were $1.82 per share for Q1 2024.
Full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range is affirmed at $7.23 - $8.03 per share.
An additional $1 billion was authorized for share repurchases in April 2024.
Moody’s upgraded the issuer credit rating from Baa2 to Baa1.
Constellation Energy
Constellation Energy
Forward Guidance
Constellation Energy reaffirmed its full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $7.23 - $8.03 per share.