CEG · 8-K · 20261109PR000116
Quarterly Results and Guidance
Constellation Energy Corp · 2026-11-09 · Importance 94 · Surprise 100 · From source text
Third-quarter 2026 GAAP net income attributable to common shareholders was $1.835 billion, or $5.19 per diluted share, compared with $930 million, or $2.97 per diluted share, in 2025. Adjusted operating earnings were $1.792 billion, or $5.06 per share, versus $952 million, or $3.04 per share, a 66% year-over-year increase per share. The company raised the midpoint and narrowed its full-year adjusted operating earnings guidance to $12.50–$12.80 per share. Adjusted earnings primarily reflected favorable market and portfolio conditions and the addition of Calpine, partly offset by unfavorable interest and nuclear PTC portfolio effects.
Key facts
- Constellation Energy reported third-quarter 2026 GAAP net income attributable to common shareholders of $1.835 billion, compared with $930 million in third-quarter 2025. source
- Constellation Energy's nine-month 2026 common-shareholder net income was $3.938 billion, compared with $1.887 billion for the first nine months of 2025. source
- Constellation Energy reported third-quarter 2026 GAAP net income of $5.19 per share, compared with $2.97 per share in third-quarter 2025. source
- Constellation Energy reported third-quarter 2026 adjusted operating earnings of $5.06 per share, compared with $3.04 per share in third-quarter 2025. source
- Constellation Energy had 20 planned refueling outage days in third-quarter 2026 and 23 in third-quarter 2025 at sites it operates. source
- Constellation Energy had six non-refueling outage days in third-quarter 2026 and five in third-quarter 2025 at sites it operates. source
- Constellation Energy's nuclear fleet, including owned output from Salem and South Texas Project stations, produced 46,677 GWh in third-quarter 2026, compared with 46,477 GWh in third-quarter 2025. source
- Excluding Salem and STP, Constellation Energy's nuclear plants at ownership achieved a 97.2% capacity factor in third-quarter 2026, compared with 96.8% in third-quarter 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +35.1% | Constellation Energy's nine-month 2026 common-shareholder net income was $3.938 billion, compared with $1.887 billion for the first nine… |
| operating_income | positive | realized | — | Constellation Energy reported third-quarter 2026 adjusted operating earnings of $5.06 per share, compared with $3.04 per share in… |