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.
Revenue
$4.4B
Gross Profit
N/A
Operating Profit
$1.1B
Net Profit
$814.0M
Gross Margin
N/A
Operating Margin
25.0%
Net Margin
18.5%
YoY Growth
-6.3%
EPS
$2.58
Constellation Energy Q2 FY2024 Financial Summary
Constellation Energy reported revenue of $4.4B (down 6.3% YoY) for Q2 FY2024, with a net profit of $814.0M (down 2.3% YoY) (18.5% margin).
Key Financial Metrics
| Total Revenue | $4.4B |
|---|---|
| Net Profit | $814.0M |
| Gross Margin | N/A |
| Operating Margin | 25.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Constellation Energy Q2 FY2024 revenue of $4.4B breaks down across 9 segments, led by Electricity at $1.3B (29.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Electricity | $1.3B | 29.4% |
| Constellation Midwest | $763.0M | 17.3% |
| Constellation Mid Atlantic | $756.0M | 17.2% |
| Nuclear PT Cs | $408.0M | 9.3% |
| Constellation New York | $379.0M | 8.6% |
| Constellation Other Regions | $292.0M | 6.6% |
| Natural Gas Reserves | $231.0M | 5.2% |
| Constellation ERCOT | $212.0M | 4.8% |
| Other | $125.0M | 2.8% |
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 Electricity and Constellation Midwest) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Constellation Midwest | $1.3B | $1.2B | $1.4B | $1.3B |
| Constellation Mid Atlantic | $1.6B | $1.8B | $1.4B | $1.6B |
| Nuclear PT Cs | — | $175.0M | — | — |
| 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).
| Year | Annual Revenue |
|---|---|
| 2025 | $22.7B |
| 2024 | $19.0B |
| 2023 | $20.8B |
| 2022 | $24.4B |
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 |