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Sep 30, 2024
Constellation Energy Q3 2024 Earnings Report
Constellation Energy reported third quarter results with increased GAAP net income and adjusted operating earnings.
Key Takeaways
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.
GAAP Net Income increased to $3.82 per share from $2.26 per share in the third quarter of 2023.
Adjusted (non-GAAP) Operating Earnings increased to $2.74 per share from $2.13 per share in the third quarter of 2023.
Signed a 20-year power purchase agreement with Microsoft to support the launch of the Crane Clean Energy Center.
Nuclear fleet produced 45,510 GWhs in the third quarter of 2024, compared with 44,125 GWhs in the third quarter of 2023.
Forward Guidance
Constellation Energy is raising Adjusted (non-GAAP) Operating Earnings guidance range for the full year to $8.00 – $8.40 per share, up from $7.60 – $8.40 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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