Constellation EnergyCEGEarnings & Financial Report
Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.
CEG Q4 FY2025 Key Financial Metrics
Revenue
$5.7B
Gross Profit
N/A
Operating Profit
$598.0M
Net Profit
$432.0M
Gross Margin
N/A
Operating Margin
10.5%
Net Margin
7.6%
YoY Growth
25.8%
EPS
$1.38
Constellation Energy Q4 FY2025 Financial Summary
Constellation Energy reported revenue of $5.7B (up 25.8% YoY) for Q4 FY2025, with a net profit of $432.0M (down 49.3% YoY) (7.6% margin).
Key Financial Metrics
| Total Revenue | $5.7B |
|---|---|
| Net Profit | $432.0M |
| Gross Margin | N/A |
| Operating Margin | 10.5% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Constellation Energy Q4 FY2025 revenue of $5.7B breaks down across 6 segments, led by Constellation Mid Atlantic at $1.6B (29.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Constellation Mid Atlantic | $1.6B | 29.0% |
| Constellation Midwest | $1.3B | 23.3% |
| Constellation Other Regions | $1.1B | 20.1% |
| Other | $660.0M | 11.6% |
| Constellation New York | $618.0M | 10.9% |
| Constellation ERCOT | $292.0M | 5.1% |
Constellation Energy Revenue by Segment — Quarterly Trend
Constellation Energy revenue by segment across the last 4 reported quarters, showing how each business line (such as Constellation Mid Atlantic and Constellation Midwest) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Constellation Mid Atlantic | $1.6B | $1.8B | $1.4B | $1.6B |
| Constellation Midwest | $1.3B | $1.2B | $1.4B | $1.3B |
| Constellation Other Regions | $1.1B | $1.3B | $1.0B | $1.4B |
| Other | $660.0M | $266.0M | $426.0M | $837.0M |
| Constellation New York | $618.0M | $582.0M | $514.0M | $675.0M |
Constellation Energy Annual Revenue by Year
Constellation Energy annual revenue history includes year-by-year totals (for example, 2025 revenue was $22.7B).
Constellation Energy Quarterly Revenue & Net Profit History
Constellation Energy results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $5.7B | +25.8% | $432.0M | 7.6% |
| Q3 FY2025 | $5.7B | +19.5% | $930.0M | 16.3% |
| Q2 FY2025 | $5.2B | +17.1% | $839.0M | 16.3% |
| Q1 FY2025 | $6.1B | +16.1% | $118.0M | 1.9% |
| Q4 FY2024 | $4.5B | -9.4% | $852.0M | 18.8% |
| Q3 FY2024 | $4.8B | -10.2% | $1.2B | 25.1% |
| Q2 FY2024 | $4.4B | -6.3% | $814.0M | 18.5% |
| Q1 FY2024 | $5.3B | -9.8% | $883.0M | 16.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.26B | $4.41B | $4.77B | $4.53B | $6.11B | $5.16B | $5.70B | $5.69B |
| YoY Growth | -9.8% | -6.3% | -10.2% | -9.4% | 16.1% | 17.1% | 19.5% | 25.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $52.01B | $51.34B | $51.83B | $52.93B | $52.25B | $53.04B | $56.16B | $57.25B |
| Liabilities | $40.45B | $39.56B | $38.89B | $39.39B | $38.92B | $39.23B | $41.47B | $42.40B |
| Equity | $11.20B | $11.43B | $12.57B | $13.17B | $12.96B | $13.45B | $14.35B | $14.52B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-723.0M | $-613.0M | $-112.0M | $-1.02B | $107.0M | $1.48B | $1.85B | $805.0M |