The earnings call reflects a strong financial and operational performance with strategic advancements in acquisitions and demand growth from data centers. However, challenges remain in regulatory clarity and market overestimation, accompanied by stock price volatility.

Company Guidance -

Q3 2025

During the Constellation Energy Corporation's first quarter earnings call for fiscal year 2025, the company provided guidance indicating a strong operational and financial start. They reported GAAP earnings of $0.38 per share and adjusted operating earnings of $2.14 per share. Constellation reaffirmed their full-year operating EPS guidance range of $8.90 to $9.60 per share. The company highlighted its strategic focus on supporting data center developments by leveraging its clean and reliable energy assets, emphasizing the economic advantage of nuclear energy in the current market environment. Additionally, Constellation discussed the favorable market conditions and its ongoing progress with customer agreements, while addressing the cost dynamics of new energy entry and the importance of the Calpine acquisition. The company also noted the inflation-adjusted benefits of the nuclear PTC in their business model, projecting an incremental $500 million in revenues to base earnings for 2028.

Strong Financial Performance

GAAP earnings of $0.38 per share and adjusted operating earnings of $2.14 per share, $0.32 higher than last year. Reaffirmed full-year operating EPS guidance range of $8.90 to $9.60 per share.

Operational Excellence

Nuclear capacity factor of 94.1%, renewable energy capture of 96.2%, and power dispatch match of 99.2%.

Calpine Acquisition

The acquisition is expected to add at least $2 in EPS and $2 billion of free cash flow before growth starting next year.

Demand for Data Centers

Increased demand for power from data centers driven by AI technology, reinforcing the strategic plan and importance of nuclear energy.

Advancements in Interconnection

Over 1,150 new nuclear megawatts, including Crane Clean Energy Center, were chosen for the accelerated interconnection process by PJM.

Constellation Energy Corporation (CEG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CEG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	3.10 / -	2.74	―	―	―
Aug 07, 2025	2025 (Q2)	1.84 / 1.91	1.68	13.69% (+0.23)
May 06, 2025	2025 (Q1)	2.18 / 2.14	1.82	17.58% (+0.32)
Feb 18, 2025	2024 (Q4)	2.16 / 2.44	1.741	40.15% (+0.70)	―	―
Nov 04, 2024	2024 (Q3)	2.66 / 2.74	2.26	21.24% (+0.48)
Aug 06, 2024	2024 (Q2)	1.71 / 1.68	1.273	31.97% (+0.41)
May 09, 2024	2024 (Q1)	1.30 / 1.82	0.29	527.59% (+1.53)
Feb 27, 2024	2023 (Q4)	1.80 / 1.74	0.1	1641.00% (+1.64)
Nov 06, 2023	2023 (Q3)	1.48 / 2.26	-0.57	496.49% (+2.83)
Aug 03, 2023	2023 (Q2)	0.73 / 1.27	-0.34	474.41% (+1.61)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CEG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2025	$247.93	$273.45	+10.29%
Feb 18, 2025	$316.28	$324.55	+2.61%
Nov 04, 2024	$256.86	$224.87	-12.45%
Aug 06, 2024	$168.84	$179.84	+6.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Constellation Energy Corporation (CEG) report earnings?

Constellation Energy Corporation (CEG) is schdueled to report earning on Nov 10, 2025, TBA (Confirmed).

What is Constellation Energy Corporation (CEG) earnings time?

Constellation Energy Corporation (CEG) earnings time is at Nov 10, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CEG EPS forecast?

CEG EPS forecast for the fiscal quarter 2025 (Q3) is 3.11.

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