CEG · 8-K · 20260806PR000097

Liquidity and Debt Position

Constellation Energy Corp · 2026-08-06 · Importance 89 · Surprise 82 · No source text

At June 30, 2026, cash and cash equivalents were $697 million, down from $3,641 million at December 31, 2025, while restricted cash increased to $380 million from $107 million. Short-term borrowings rose to $5,226 million from $1,650 million, and long-term debt increased to $19,111 million from $7,250 million. Total liabilities increased to $65,931 million from $42,396 million, alongside total assets of $98,253 million versus $57,249 million. The balance-sheet expansion primarily reflects the Calpine acquisition and related financing activity.

Key facts

• Proceeds from NDT fund sales for six months ended June 30, 2026: $4,737 million; investment in NDT funds: $4,911 million. source
• Short-term borrowings at June 30, 2026: $5,226 million; long-term debt at June 30, 2026: $19,111 million; long-term debt due within one year: $363 million. source
• Issuance of long-term debt in six months ended June 30, 2026: $5,001 million; retirement of long-term debt: $5,352 million. source
• Total assets at June 30, 2026: $98,253 million; total liabilities at June 30, 2026: $65,931 million; total shareholders’ equity at June 30, 2026: $31,977 million. source
• Proceeds from short-term borrowings with maturities greater than 90 days for six months ended June 30, 2026: $4,500 million; repayments of such borrowings: $3,500 million. source
• Net cash flows provided by financing activities for six months ended June 30, 2026: $877 million (compared with $(893) million in 2025). source
• Change in short-term borrowings for six months ended June 30, 2026: $2,586 million. source
• Average diluted common shares outstanding for the three months ended June 30, 2026: 360 million; for June 30, 2025: 314 million. source

Impact estimates