NASDAQ$CEG
Constellation Energy Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Constellation Energy reported strong first quarter earnings driven by favorable market conditions and strong commercial business performance.
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.
Headline financials
Revenue & EPS history
Constellation Energy · Revenue · Quarterly
$6.16B
Forward guidance
Constellation Energy reaffirmed its full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $7.23 - $8.03 per share.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2024
+3.7%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+3.0%
Avg return
30 days after
71%
12 / 17 earnings
Positive
+28.2%
Q4 2023
Best reaction
-9.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | -12.0% | — | |
| Q4 2025 | +3.5% | +12.3% | +0.5% | |
| Q3 2025 | +2.0% | +0.8% | +2.4% | |
| Q2 2025 | -0.6% | +0.0% | -10.9% | |
| Q1 2025 | +10.3% | +9.3% | +16.8% | |
| Q4 2024 | +2.6% | -10.4% | -30.8% | |
| Q3 2024 | -9.4% | -7.3% | -1.5% | |
| Q2 2024 | +5.7% | +11.7% | +3.6% | |
| Q1 2024 | +3.3% | +4.7% | -4.8% | |
| Q4 2023 | +28.2% | +27.6% | +38.8% | |
| Q3 2023 | +2.4% | +4.0% | -3.8% | |
| Q2 2023 | +8.8% | +9.7% | +12.3% | |
| Q1 2023 | +3.9% | +3.2% | +14.4% | |
| Q4 2022 | -1.7% | -6.6% | -10.7% | |
| Q3 2022 | -6.6% | -1.3% | -2.2% | |
| Q2 2022 | +10.6% | +12.7% | +20.7% | |
| Q1 2022 | +0.9% | +2.6% | +3.0% | |
| Q4 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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