What is Constellation Energy's calpine — operating revenues?

Constellation Energy (CEG) reported calpine — operating revenues of $2.4B in Q1 2026.

What does calpine — operating revenues mean?

This metric represents the total gross revenue generated by the Calpine business segment from the sale of electricity, natural gas, and related energy services. It reflects the top-line performance of this specific operational unit before accounting for the direct costs of power procurement and fuel. This figure is a primary indicator of the segment's market scale and its ability to capture demand within its specific energy markets.

Constellation Energy CEG Calpine — Operating revenues

Other segment segments

Constellation Mid Atlantic

$1.85B+10.9%

Constellation Midwest

$1.73B+23.4%

Constellation Other Regions

$1.49B-4.4%

Constellation New York

$569M+1.2%

Constellation ERCOT

$370M-7.0%

Similar metrics at other companies

SRESempra California — Operating revenues

$3.21B-7.1%

FIP

FIPPower Revenues — Total revenues

$45.63M+189%

BKVRevenues and Other Operating Income

$432.85M+146%

DTMPipeline — Operating revenues

$185M+9.5%

CWENEnergy Revenue — Total operating revenues

$261M+5.2%

NWERegulated Electric and Natural Gas Segments — Operating revenues

$497.57M+6.6%

Other financials

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

See full

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

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Market cap$95.95B+0.4%

Enterprise value$117.25B—

P/E29.4×—

P/S3.2×—

Profitability

See full

Operating margin12.4%—

Net margin10.9%—

FCF margin-7%—

Returns & leverage

See full

Current ratio1.4×—

Where this comes from

Reported directly by Constellation Energy in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Constellation Energy’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Constellation Energy's calpine — operating revenues?: Constellation Energy (CEG) reported calpine — operating revenues of $2.4B in Q1 2026.
What does calpine — operating revenues mean?: This metric represents the total gross revenue generated by the Calpine business segment from the sale of electricity, natural gas, and related energy services. It reflects the top-line performance of this specific operational unit before accounting for the direct costs of power procurement and fuel. This figure is a primary indicator of the segment's market scale and its ability to capture demand within its specific energy markets.