NASDAQ$CEG

Constellation Energy Corp · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

CEG reported Q3 2025, revenue of $6.57B, net income of $929M, diluted EPS of $2.97.

For Q3 2025, CEG reported revenue of $6.57B, net income of $929M, diluted EPS of $2.97. Management discusses operating trends, liquidity, and strategic priorities as disclosed in the quarterly filing.

  • Revenue $6.57B.
  • Net income $929M.
  • Diluted EPS $2.97.

Headline financials

Total Revenue

$6.57B

Previous: $6.55B+0.3%
EPS (adj)

$2.97

Previous: $3.82-22.3%
Nuclear Generation (GWh)

46.5B

Previous: 45.5B+2.1%
Refueling Outage Days

23

Previous: 37-37.8%
Non-Refueling Outage Days

5

Previous: 20-75.0%
Gas Dispatch Match Rate

95.5%

Previous: 98.2%-2.7%
Renewable Energy Capture

96.8%

Previous: 96.0%+0.8%
Capital Expenditures

-$1.96B

Previous: -$1.84B-6.9%
Free Cash Flow

-$1.03B

Previous: -$636M-62.4%
Net Income

$930M

Previous: $1.2B-22.5%
Operating Income

$1.09B

Previous: $1.47B-26.0%
Gross Profit

$2.72B

Previous: $3.17B-14.1%
Cash & Equivalents

$3.96B

Previous: $1.79B+120.8%
Total Assets

$56.2B

Previous: $51.8B+8.3%

Revenue & EPS history

Constellation Energy · Revenue · Quarterly

$6.57B

Q3 2025+0.3%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Management discusses CEG's outlook, capital deployment, and key risks as disclosed in the earnings materials and periodic report.

Tailwinds

  • CEG cited progress on strategic priorities in the quarterly filing.
  • Liquidity and balance sheet support continued operations and investment.

Headwinds

  • Macro, competitive, and regulatory factors may affect near-term results.
  • R&D, credit, or project timing can create quarter-to-quarter volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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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