NASDAQ$CEG
Constellation Energy Corp · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Constellation Energy Corp reported Q2 2026 earnings with revenue of $7.5 billion following the Calpine acquisition.
The company achieved operating income of $580 million in the quarter. Net income was $508 million. The acquisition of Calpine significantly expanded the generation fleet and retail operations while capacity revenues benefited from higher PJM prices.
- Revenue increased 23% year-over-year to $7.5 billion driven by Calpine contribution.
- EPS of $1.42 compared to $2.67 in prior year due to unrealized losses on hedges.
- Operating income was $580 million with strong capacity revenues in PJM.
- Nuclear fleet capacity factor reached 93.0% for the quarter.
Headline financials
Revenue & EPS history
Constellation Energy · Revenue · Quarterly
$7.5B
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports
+3.7%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+1.6%
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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -1.4% | -12.0% | -20.3% | |
| 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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