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Stocks / United States / CEG · Electric Services · Nasdaq

Constellation Energy Corp. (CEG)

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Constellation Energy Corp. (CEG) reported revenue of $7.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 23.0% on the same quarter a year earlier. Net income was $513 million, down 38.9% on the year, and diluted earnings per share $1.42. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$7.5 billionup 23.0%
Net income$513 milliondown 38.9%
Diluted EPS$1.42
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE10.8%
ROCE9.0%
Operating margin14.7%
Net margin11.1%
FCF margin1.0%
Interest cover5.87
Debt to equity0.60
Cash conversion1.21
Share count, 1 year13.8%
Sales CAGR, 3 years1.5%
Profit CAGR, 3 yearsn/a
EPS, TTM$10.26

At the close of 21 September 2026

Price$262.11
Market cap$93.0 billion
Stock P/E25.55
Price to book2.91
EV / EBITDA13.49
Dividend yield0.1%
Market cap / sales2.98
52-week high$403.95
52-week low$236.50
Price, 1 year-20.8%
Price CAGR, 3 years33.4%
Price CAGR, 5 yearsn/a

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Constellation Energy Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 2 February 2022 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CEG

Filings36 in twelve months: 24 current reports (8-K), about 9 other events; 7 regulation fd disclosure; 7 officer or director change; 4 results of operations; 3 material agreement
Planned insider sales2 Form 144 notices in twelve months, $8.0 million; latest 17 September 2026
Options tapeput/call 1.43 by open interest on 23 September 2026; the straddle prices a 3.2% move to 25 September 2026
Holders11 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest11.6 million shares short, 5.00 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue6,1115,7966,1615,4756,5505,3826,7886,1016,5706,07411,1227,504
Operating income977-67.08131,1001,4679724519511,0865982,332580
Operating margin16%-1%13%20%22%18%7%16%17%10%21%8%
Interest expense82.013912714214790.0146118134113253283
Pre-tax income8951431,0489641,6458591511,2731,3956922,125900
Tax rate23%127%16%16%27%1%15%35%33%37%25%44%
Net income731-37.08838141,2008521188399304321,590513
Net margin12%-1%14%15%18%16%2%14%14%7%14%7%
Diluted EPS$2.26-$0.10$2.78$2.58$3.82$2.71$0.38$2.67$2.97$1.38$4.49$1.42
Operating cash flow-993-3,182-723-613-112-1,0161071,4771,8488054251,128
Capital expenditure3996877385465527298067673909861,2751,246
Free cash flow-1,392-3,869-1,461-1,159-664-1,745-6997101,458-181-850-118
Buybacks2512424995000.00.00.04000.00.0n/an/a
Dividends paid92.089.0112110111111122122121121155154
Shares outstanding319m317m315m313m313m313m313m312m312m312m362m355m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022FY2023FY2024 FY2025TTM
Revenue17,60319,64924,44024,91823,56825,53331,270
Operating income256-3464951,6104,3523,0864,596
Operating margin1.5%-1.8%2.0%6.5%18.5%12.1%14.7%
Interest expense328282250431506511783
Pre-tax income836152-5422,4474,5163,5115,112
Income tax249225-3888597741,1871,653
Effective tax rate29.8%148.0%n/a35.1%17.1%33.8%32.3%
Net income589-205-1601,6233,7492,3193,465
Net margin3.3%-1.0%-0.7%6.5%15.9%9.1%11.1%
Diluted EPS$0.00$0.00-$0.49$5.01$11.89$7.40$10.26
Filing10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2020FY2021FY2022FY2023FY2024 FY2025TTM
Operating cash flow584-1,338-2,353-5,301-2,4644,2374,206
Capital expenditure1,7471,3291,6892,4222,5652,9493,897
Free cash flow-1,163-2,667-4,042-7,723-5,0291,288309
Free cash flow margin-6.6%-13.6%-16.5%-31.0%-21.3%5.0%1.0%
Depreciation and amortisation3,6364,5402,4272,5142,7002,6013,669
Share-based compensation27.047.0116178332385n/a
Buybacksn/a0.00.0992999400n/a
Dividends paid0.00.0185366444486551
Dividend per sharen/an/a$0.14$0.28$0.35$0.39n/a
Diluted shares, weighted0m0m329m324m315m314m360m
Shares outstanding at period endn/an/a327m317m313m312m355m
Filing10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022FY2023FY2024 FY2025TTM
Total assetsn/a48,08646,90950,75852,92657,24998,253
Cash and equivalents2265044223683,0223,641697
Receivablesn/a1,6692,5851,9343,7184,2664,661
Inventoryn/an/an/an/a1,6001,7363,368
Goodwilln/an/a47.042542042011,527
Long-term debtn/a4,5754,6507,6778,4747,40319,111
Borrowings, as the company tags themn/a6,1014,6507,6778,4747,40319,606
Operating lease liabilitiesn/a705643583511433n/a
Shareholders' equity14,67611,21911,01810,92513,16614,51731,977
Filing10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a7.7%1.5%26.0%
Profit growth, compoundedn/a31.5%n/a15.2%
Return on equity, averagen/a11.2%19.8%16.0%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electric Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$166.0 billion20.2114.8%31.8%7.5%1.702.9%
Southern Co. SO$96.3 billion21.8610.9%24.2%8.3%1.683.4%
Constellation Energy Corp. CEG$93.0 billion25.5510.8%14.7%26.0%0.600.1%
American Electric Power Co. Inc. AEP$65.3 billion17.7611.5%24.0%11.3%1.563.1%
Dominion Energy, Inc. D$55.2 billion18.5910.1%26.3%17.1%1.554.3%
Vistra Corp. VST$47.3 billion23.7440.5%18.5%3.8%3.570.6%
Entergy Corp. ETR$46.5 billion25.9110.3%23.1%11.4%1.882.4%
Firstenergy Corp. FE$26.0 billion24.448.4%14.7%11.3%2.084.0%
Eversource Energy ES$25.2 billion17.378.9%21.5%7.8%1.634.5%
PPL Corp. PPL$24.9 billion20.288.1%23.6%7.5%1.273.3%
Centerpoint Energy Inc. CNP$24.9 billion23.319.4%22.5%5.2%1.962.3%
DTE Energy Co. DTE$22.9 billion20.6811.1%12.0%16.1%1.122.7%
NRG Energy, Inc. NRG$21.7 billion26.8317.5%6.1%12.8%4.821.7%
Edison International EIX$21.1 billion5.9720.5%30.8%13.1%2.336.1%
Pinnacle West Capital Corp. PNW$11.3 billion17.919.1%20.5%5.7%1.393.9%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 20244 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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