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CEG earnings date & Q2 2026 results · Constellation Energy
US GAAP · $M · vs Q2 2025 · reported 08/06/2026
Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. · Wikipedia
More about the company
The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.
Key growth driver: Calpine acquisition (closed Jan 2026) drove the 23% revenue increase and inflated purchased power/fuel and O&M costs, making y/y comparisons non-organic. · by the Q2 2026 report
When is CEG’s next earnings date?
Friday, November 6, 2026estimated
Constellation Energy (CEG) has not confirmed the date yet; Nov 6, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $3.99 (3 analysts), vs $3.04 in the same quarter last year.
What time does CEG report? Usually before market open: the last 4 results releases reached the SEC at 6:52 am, 6:59 am, 6:56 am, 7:00 am ET.
Last report: Aug 6, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$7,504
+23.0%
Gross profit
$3,481
+17.2%
Operating income
$580
−39.0%
Net income
$508
−39.0%
GAAP EPS $1.42 vs $2.67
Verdict: revenue jumped 23% on the Calpine acquisition but GAAP net income fell 39% as merger-inflated operating expenses, higher interest costs from acquisition debt, and unfavorable nuclear outages outweighed the added scale, even as adjusted operating EPS rose to $2.55 and full-year guidance was raised.
6-mo OCF $1,553M; buybacks $1,971M (6-mo, incl. $400M in Q2'25 comp); dividends paid $309M (6-mo); FY26 Adjusted Operating EPS guidance raised to $11.50–$12.50.
Source and notation
* marks non-cash / ≈ estimated. Source: Constellation Energy Corporation press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Heads-up
- net income fell 39% y/y in Q2 2026
Most likely because calpine acquisition (closed Jan 2026) drove the 23% revenue increase and inflated purchased power/fuel and O&M costs; interest expense, net more than doubled y/y (-$283M vs -$118M) reflecting acquisition-related debt load. Based on the Q2 2026 report.
Company filings on SEC EDGAR ↗CEG earnings history: past report dates
| Aug 6, 2026 Thu | 6:52 ambefore market open | Jun 30, 2026 | $7.5B+23% y/y | $1.42−47% y/y |
| May 11, 2026 Mon | 6:59 ambefore market open | Mar 31, 2026 | $11.1B+64% y/y | $4.49 |
| Feb 24, 2026 Tue | 6:56 ambefore market open | Dec 31, 2025 | ≈$6.1B+13% y/y | ≈$1.38−49% y/y |
| Nov 7, 2025 Fri | 7:00 ambefore market open | Sep 30, 2025 | $6.6B+0% y/y | $2.97−22% y/y |
| Aug 7, 2025 Thu | 6:58 ambefore market open | Jun 30, 2025 | $6.1B+11% y/y | $2.67+3% y/y |
| May 6, 2025 Tue | 6:50 ambefore market open | Mar 31, 2025 | $6.8B+10% y/y | $0.38−86% y/y |
| Feb 18, 2025 Tue | 6:59 ambefore market open | Dec 31, 2024 | ≈$5.4B−7% y/y | ≈$2.71 |
| Nov 4, 2024 Mon | 6:54 ambefore market open | Sep 30, 2024 | $6.5B+7% y/y | $3.82+69% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Constellation Energy: 5-year financials
| 2025 | 22,663 | 3,086 | 2,319 | 1,288 | 486 |
| 2024 | 18,964 | 4,352 | 3,749 | −5,029 | 444 |
| 2023 | 20,841 | 1,610 | 1,623 | −7,723 | 366 |
| 2022 | 21,571 | 495 | −160 | −4,042 | 185 |
| 2021 | 17,254 | −346 | −205 | −2,667 | — |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Aug 202610-Q Q2 2026: Calpine acquired on Jan 7, 2026; ~50M shares issued at the $354.58 closing price plus $4.3B in cash; diluted shares 360M vs. 314M a year earlier. sec.gov ↗
- Feb 2026Diluted shares 329M (2022, first full year after the spin-off) → 314M (2025). data.sec.gov ↗
- Mar 20262026 proxy: no related-party transactions identified in 2025. sec.gov ↗
- Feb 202610-K FY2025 cover: a single class of common stock; Legal Proceedings shows no shareholder suits or SEC cases. sec.gov ↗
Scoring: 2.0, no deductions: single share class, spun off from Exelon in Feb 2022; including the Calpine acquisition for ~50M shares at market, diluted shares 329M (2022) → 360M (Q2 2026), +9.4% (<10%); SBC 1.5%; dividends growing since 2022
- Share classes
- Single class of common stock (Nasdaq: CEG).
- Dilution
- First full year is 2022: 329M diluted shares; 2025 — 314M; after the Calpine acquisition (Jan 7, 2026, ~50M shares at the $354.58 closing price) — 360M, +9.4% vs. 2022; SBC 1.5% of revenue.
- Disclosure
- Full reporting.
- Dividends
- Dividend introduced in 2022 and growing (XBRL: $0.141 in 2022 → $0.3878 in 2025 per quarterly payment); buybacks ~$1B a year in 2023–2024.
- Lawsuits & regulators
- 10-K shows no CEG shareholder suits or SEC cases; the ComEd bribery case, the SEC fine and the shareholder suit concerned Exelon, not CEG.
- Related parties
- No related-party transactions identified in 2025 (2026 proxy).
How the score works · checked as of Sep 2026
Constellation Energy (CEG) earnings: FAQ
When is CEG's next earnings date?
Constellation Energy (CEG) has not confirmed the date yet; Nov 6, 2026 is an estimate based on its past reporting schedule.
What time does CEG report earnings?
Constellation Energy usually reports before market open: its latest results release was filed with the SEC at 6:52 am ET on Aug 6, 2026.
When did CEG last report earnings?
Constellation Energy reported Q2 2026 results on Aug 6, 2026.
What is the EPS estimate for CEG's next earnings?
The consensus EPS forecast is $3.99 (3 analysts), vs $3.04 in the same quarter last year.
Where can I find Constellation Energy's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to CEG's filings; this page breaks the latest report down in a Sankey chart.
What was CEG's net income in Q2 2026?
Constellation Energy reported net income of $508M for Q2 2026 (−39.0% year over year), under US GAAP.
Does Constellation Energy pay dividends?
Yes. In 2025, Constellation Energy paid $486M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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