CEG · 8-K · 20260806PR000097

Capital Expenditures and Cash Flow

Constellation Energy Corp · 2026-08-06 · Importance 75 · Surprise 64 · No source text

First-half capital expenditures increased 60.3% to $2,521 million from $1,573 million. Operating cash flow was $1,553 million, down from $1,584 million, while investing cash flow was negative $5,101 million, including $2,537 million for the Calpine acquisition. The company paid $309 million of common-stock dividends and repurchased $1,971 million of common stock during the first six months. Ending cash, restricted cash and cash equivalents declined to $1,077 million from $3,748 million at year-end 2025.

Key facts

• Capital expenditures for the six months ended June 30, 2026: $2,521 million (compared with $1,573 million in 2025). source
• Property, plant, and equipment, net at June 30, 2026: $41,228 million (compared with $22,474 million at Dec 31, 2025). source
• Repurchases of common stock during six months ended June 30, 2026: $1,971 million (compared with $400 million in 2025). source
• Net cash flows provided by (used in) investing activities for six months ended June 30, 2026: $(5,101) million. source
• Net cash flows provided by operating activities for the six months ended June 30, 2026: $1,553 million (compared with $1,584 million in 2025). source

Impact estimates