$CEG · Constellation Energy Corp
Constellation Energy reported Q3 2026 results: GAAP net income of $5.19/share (vs $2.97) and adjusted operating earnings of $5.06/share (vs $3.04), on revenue of $9.55B (vs $6.57B). The company raised and narrowed full-year adjusted EPS guidance to $12.50–$12.80. It also announced a $715M acquisition of the Rhode Island State Energy Center, a $5.0B conditional DOE loan commitment, and long-term agreements with Amazon and Google.
- Adjusted EPS rose to $5.06 from $3.04 year over year.
- GAAP net income was $1,835M, up from $930M a year ago.
- Full-year adjusted EPS guidance raised to $12.50–$12.80.
- Agreed to acquire Rhode Island State Energy Center for $715M.
- Signed conditional DOE loan commitment for up to $5.0B for nuclear uprates.
Extended-hours last trade $260.67, up 4.29% vs the $249.95 regular close, signaling a positive reaction to the beat and guidance raise.
Constellation delivered a strong beat, raised guidance, and stacked multiple nuclear/hyperscaler growth deals, reinforcing its position as a clean-power leader for the AI buildout.
Constellation's hyperscaler nuclear deals (Amazon, Google) reinforce the trend of data-center demand driving new clean-power capacity in PJM.
The RISEC acquisition and DOE loan are subject to regulatory approvals and execution of definitive agreements; forward-looking statements carry standard uncertainty.