The earnings call highlighted Constellation Energy's strong financial performance, strategic acquisitions, and significant clean energy agreements, underpinned by robust political support for nuclear energy. However, challenges remain in regulatory and interconnection processes, affecting transaction timings and market stability.

Company Guidance

During the Constellation Energy Corporation's second-quarter earnings call, several key metrics and forward-looking statements were highlighted. The company reported GAAP earnings of $2.67 per share and adjusted operating earnings of $1.91 per share, marking an improvement over the previous year's second quarter. Constellation executed $400 million in accelerated stock repurchases following the Meta announcement, which was part of their strategy of securing long-term contracts. Additionally, they announced a 20-year power purchase agreement with Meta for over 1,100 megawatts of emissions-free nuclear energy, and they are advancing the restart of the Crane Clean Energy Center to the second half of 2027. The company also secured New York, Texas, and FERC approvals for the Calpine acquisition, expected to close by year-end. Furthermore, Constellation is actively pursuing additional agreements to sell clean, reliable megawatts from its nuclear plants, with one deal in late stages and others in earlier phases. The company noted strong bipartisan support for nuclear energy, bolstered by recent legislative developments, and emphasized the strategic advantage of combining gas and nuclear for competitive energy solutions.

Strong Financial Performance

Constellation Energy Corporation delivered second-quarter GAAP earnings of $2.67 per share and adjusted operating earnings of $1.91 per share, improving on last year's performance.

Share Buybacks Resumed

Following the Meta announcement, Constellation executed $400 million in Accelerated Repurchases, continuing to generate returns from stock repurchases.

Big Beautiful Bill Signed

The bill preserves and strengthens nuclear provisions, showcasing strong bipartisan support for nuclear energy.

Calpine Acquisition Progress

Received New York, Texas, and FERC approvals for the Calpine acquisition, on track to close by year-end.

Significant Clean Energy Agreements

Announced a 20-year power purchase agreement with Meta for the Clinton Clean Energy Center and a significant carbon-free energy transaction with Comcast.

Operational Excellence

Nuclear team posted its second-best fleet production ever with a capacity factor of 94.8%, producing over 41 million-megawatt hours of reliable, emissions-free power.

Support for Nuclear Energy

Political support for nuclear energy continues, with the extension of nuclear credits and executive orders signed to expand nuclear power.

Illinois ZEC Program Benefits

Recognized $201 million from the Illinois ZEC Program for bank credits, similar to the previous year.

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

Daily Earnings Calendar >

CEG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	3.09 / -	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
Aug 07, 2025	$338.05	$336.00	-0.61%
May 06, 2025	$247.63	$273.12	+10.29%
Feb 18, 2025	$315.90	$324.16	+2.61%
Nov 04, 2024	$256.56	$224.60	-12.46%

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 3.09.

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