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Constellation Energy CEG Q1 2026 earnings

Reported May 11, 2026 · Before market open

Revenue$11.1BBeat by $2.7B
EPS$2.74Beat by $0.20
Revenue estimate$8.5B
EPS estimate$2.54
“America needs reliable, clean power and Constellation is built to meet this demand with the strength of our fleet and the solutions we’re delivering for customers, Right now, our focus is on execution – operating at a high level, integrating two great companies, bringing new resources to market, and navigating a changing regulatory environment – led by the women and men who power our business every day.”
Joe Dominguez

Next report

Nov 9, 2026 (in a month)
Revenue estimate$9.2B
EPS estimate$3.73

Financials

Q1 2026

Income statement

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Revenue$11.1B+63.8%
Operating income$2.3B+417%
Net income$1.6B+1,247%
EPS (diluted)$4.49+1,082%

Balance sheet

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Cash & equivalents$800.0M-56.7%
Total debt$22.1B—
Total assets$96.9B—

Cash flow

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Operating cash flow$425.0M+297%
CapEx$1.3B+58.2%
Free cash flow-$850.0M-21.6%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$101.17B+60.1%
Enterprise value$122.47B—

Returns & leverage

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Current ratio1.4×—

Segments

By segment

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Calpine$2.4B—
Mid-Atlantic$1.8B+10.9%
Midwest$1.7B+23.4%
Other Power Regions$1.5B-4.4%
New York$569.0M+1.2%

By product

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Total Power revenues$6.5B+23.2%
Gas revenues$943.0M+20.6%
Other revenues$145.0M+68.6%

FAQ

When did Constellation Energy report Q1 2026 earnings?
Constellation Energy (CEG) reported Q1 2026 earnings on May 11, 2026 before market open.
What were Constellation Energy's Q1 2026 revenue and EPS?
Constellation Energy reported revenue of $11.1B and eps of $2.74 for Q1 2026.
Did Constellation Energy beat estimates in Q1 2026?
Revenue beat the consensus estimate of $8.5B by $2.7B. EPS beat the consensus estimate of $2.54 by $0.20.
How did Constellation Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 63.8% from $6.8B a year earlier and eps grew 28.0% from $2.14.
Where can I find Constellation Energy's Q1 2026 SEC filings?
You can read the 10-Q periodic report (0001868275-26-000067) directly on SEC EDGAR. The filing index links above go to sec.gov.