CEG Stock - Constellation Energy Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $23.57B | $24.92B | $24.44B | $19.65B | $17.60B |
| Gross Profit | $5.99B | $3.30B | $2.14B | $2.75B | $3.27B |
| Gross Margin | 25.4% | 13.3% | 8.7% | 14.0% | 18.6% |
| Operating Income | $4.35B | $1.61B | $495.00M | $-346,000,000 | $256.00M |
| Net Income | $3.75B | $1.62B | $-160,000,000 | $-205,000,000 | $589.00M |
| Net Margin | 15.9% | 6.5% | -0.7% | -1.0% | 3.3% |
| EPS | $11.90 | $5.02 | $-0.47 | $-0.63 | $1.80 |
Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, renewable energy, and other energy-related products and services. The company has 32,400 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 28th 2025 | Wells Fargo | Initiation | Overweight | $478 |
| October 8th 2025 | Seaport Research Partners | Upgrade | Buy | $407 |
| September 22nd 2025 | Scotiabank | Initiation | Sector Outperform | $401 |
| August 20th 2025 | Melius | Initiation | Buy | $462 |
| June 13th 2025 | Raymond James | Initiation | Outperform | $326 |
| June 4th 2025 | Citigroup | Downgrade | Neutral | $318 |
| April 9th 2025 | Citigroup | Upgrade | Buy | $232 |
| December 12th 2024 | BofA Securities | Upgrade | Buy | $269← $237 |
| October 17th 2024 | JP Morgan | Initiation | Overweight | $342 |
| October 15th 2024 | Citigroup | Initiation | Neutral | $284 |
| September 13th 2024 | Jefferies | Initiation | Hold | $186 |
| August 8th 2024 | Barclays | Initiation | Overweight | $211 |
| July 19th 2024 | Argus | Initiation | Buy | $240 |
| February 28th 2024 | KeyBanc Capital Markets | Upgrade | Overweight | $190 |
| November 29th 2023 | Seaport Research Partners | Downgrade | Neutral | - |
Earnings History & Surprises
CEGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 17, 2026 | $2.17 | — | — | — |
Q4 2025 | Nov 7, 2025 | $3.11 | $3.04 | -2.3% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $1.84 | $1.91 | +3.8% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $2.18 | $2.14 | -1.8% | ✗ MISS |
Q1 2025 | Feb 18, 2025 | $2.16 | $2.44 | +13.0% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $2.66 | $2.74 | +3.0% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $1.71 | $1.68 | -1.8% | ✗ MISS |
Q2 2024 | May 9, 2024 | $1.30 | $1.82 | +40.0% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $1.80 | $-0.11 | -106.1% | ✗ MISS |
Q4 2023 | Nov 6, 2023 | $1.42 | $2.26 | +59.2% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.73 | $2.56 | +250.7% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.88 | $0.29 | -67.0% | ✗ MISS |
Q1 2023 | Feb 16, 2023 | $1.24 | $0.10 | -91.9% | ✗ MISS |
Q4 2022 | Nov 8, 2022 | $0.76 | $-0.57 | -175.0% | ✗ MISS |
Q3 2022 | Aug 4, 2022 | $0.64 | $-0.34 | -153.1% | ✗ MISS |
Q2 2022 | May 12, 2022 | $0.70 | $0.32 | -54.3% | ✗ MISS |
Q1 2022 | Feb 25, 2022 | $1.19 | $0.13 | -89.1% | ✗ MISS |
Q3 2021 | Sep 30, 2021 | — | $1.86 | — | — |
Q2 2021 | Jun 30, 2021 | — | $-0.19 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-2.43 | — | — |
Latest News
UBS Maintains Buy on Constellation Energy, Raises Price Target to $420
📈 PositiveConstellation Energy Says Nuclear Regulatory Commission Approved 20-Year Initial License Renewal For Clinton Clean Energy Center; Nuclear Regulatory Commission Approved 20-Year Subsequent License Renewal For Dresden Clean Energy Center; Investing More Than $370M In Clinton And Dresden For Relicense & Upgrades
📈 PositiveJP Morgan Maintains Overweight on Constellation Energy, Lowers Price Target to $410
➖ NeutralConstellation Reaches Resolution With U.S. DOJ For Calpine Transaction; Federal Energy Regulatory Commission Approves Deal With Divestiture Of Four Calpine Assets; DOJ Resolution Includes Divestiture Of York 2 And Jack Fusco Energy Center Assets; As Part Of DOJ Resolution, Also Agreed To Divest Minority Ownership Interest In Gregory Power Plant
➖ NeutralShares of uranium and nuclear-related stocks are trading higher on reports indicating the US plans to take more stakes in critical minerals companies.
📈 Positive'Constellation in Settlement Talks With DOJ Over Calpine Deal' - Bloomberg News
➖ NeutralReported December 1, 2025: 'Chinese Rare-Earth Dealers Find Ways to Dodge Beijing's Export Restrictions' - WSJ
📉 NegativeReported Earlier: Energy Department Announces $134M In Funding To Strengthen Rare Earth Element Supply Chains, Advancing American Energy Independence
📈 PositiveShares of uranium and nuclear-linked stocks are trading lower. The sector may be reacting to reports suggesting that Ukraine has agreed to a peace proposal that may end its conflict with Russia.
📉 NegativeConstellation Energy Promotes Shane Smith To CFO, Succeeding Dan Eggers
➖ NeutralShares of uranium stocks are trading lower amid overall market weakness. The commodity may be on watch following recent talks between President Trump and Saudi Crown Prince Mohammed bin Salman that covered regional nuclear deals.
📉 NegativeConstellation Awards Over $500K In Energy To Educate Grants During American Education Week
📈 Positive'U.S. Backs $1 Billion Loan to Restart the Three Mile Island Nuclear Plant' - WSJ
📈 PositiveCitigroup Maintains Neutral on Constellation Energy, Raises Price Target to $368
➖ NeutralCEG stock has given up its prior loss. Constellation Energy shares were trading lower following a Q3 EPS miss.
➖ NeutralConstellation Energy shares are trading lower following a Sq EPS miss.
📉 NegativeConstellation Energy Narrows FY2025 Adj EPS Guidance from $8.90-$9.60 to $9.05-$9.45 vs $8.49 Est
📈 PositiveConstellation Energy Q3 Adj. EPS $3.04 Misses $3.12 Estimate, Sales $6.570B Beat $6.569B Estimate
➖ NeutralConstellation Announced Proposal To Invest In Up To 5,800 Megawatts Of Power Generation And Battery Storage Projects In Maryland
📈 PositiveWells Fargo Initiates Coverage On Constellation Energy with Overweight Rating, Announces Price Target of $478
📈 PositiveFrequently Asked Questions about CEG
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