CEG · 10-Q · 2026Q2 · Full report

Operating Expense Trends

Constellation Energy Corp · 2026-08-06 · Importance 64 · Surprise 56 · In source text

Six-month purchased power and fuel expense increased $2.859 billion, or 38.0%, to $10.375 billion, including $2.388 billion from Calpine. Six-month operating and maintenance expense increased $871 million, primarily because of higher labor, contracting, materials, administrative costs, and the addition of Calpine operations. Depreciation and amortization increased $384 million for the six months, primarily from assets acquired in the Calpine transaction.

Key facts

• Purchased power and fuel expense for the three months ended June 30, 2026 was $4,023 million. source
• Operating and maintenance expense for the three months ended June 30, 2026 was $2,253 million. source
• Total operating expenses for the three months ended June 30, 2026 were $6,926 million. source
• Depreciation, amortization, and accretion total for six months ended June 30: $2,368 (PP&E depreciation and amortization) and $1,300 (other) — table shows Total $2,368 $1,300. source
• Accumulated depreciation as of June 30, 2026: $19,589 million; as of December 31, 2025: $19,072 million. source
• Acquisition-related costs were expensed as incurred and reflected within Operating and maintenance expenses and were not material for the three and six months ended June 30, 2026. source

Impact estimates