CEG · 8-K · 20260806PR000097

Operating Expense Trends

Constellation Energy Corp · 2026-08-06 · Importance 62 · Surprise 46 · No source text

Second-quarter purchased power and fuel expense increased 28.4% to $4,023 million from $3,132 million, while operating and maintenance expense increased 39.3% to $2,253 million from $1,617 million. Depreciation and amortization rose 74.4% to $443 million from $254 million, and taxes other than income taxes increased 40.8% to $207 million from $147 million. Six-month operating and maintenance expense rose to $4,033 million from $3,162 million, and six-month depreciation and amortization increased to $886 million from $502 million. The 2026 reconciliation includes Calpine merger and integration costs of $84 million after tax in the quarter and $145 million of operating and maintenance-related adjustments for the six months.

Key facts

• Total operating expenses for the three months ended June 30, 2026: $6,926 million; for the six months ended June 30, 2026: $15,730 million. source
• Decommissioning-Related Activities (net of taxes of $298) for three months ended June 30, 2026: $(221) million (impact of -$0.61 per share). source
• EFOF of our natural gas, oil, and pumped-storage hydro fleet for Q2 2026 is 6.2%. source

Impact estimates