Constellation Energy Corp · Q1 2026 earnings

Briefing

Constellation Energy reported Q1 2026 operating revenues of $11.1B (+64% YoY), net income attributable to common shareholders of $1.59B, and diluted EPS of $4.49.

For the quarter ended March 31, 2026, Constellation Energy reported operating revenues of $11.1 billion, up from $6.8 billion, reflecting higher power prices and portfolio performance. Operating income was $2.3 billion versus $451 million; net income attributable to common shareholders was $1.59 billion, or $4.49 per diluted share, compared with $118 million and $0.38 per share in Q1 2025. Results benefited from nuclear fleet operations and power marketing, partially offset by higher purchased power costs.

• Operating revenues $11.1B (+64% YoY); operating income $2.3B.
• Net income to common shareholders $1.59B; diluted EPS $4.49 vs. $0.38.
• Nuclear generation and capacity revenues were primary earnings drivers.
• Purchased power and fuel expense $6.4B on higher market prices.
• CET1-equivalent capital metrics and nuclear PTC dynamics discussed in MD&A.

Headline financials

Revenue & EPS history

Constellation updates full-year adjusted operating earnings guidance on periodic investor communications. The 10-Q highlights nuclear production tax credits, capacity market outcomes, and data-center power demand.