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
$4.5B
Gross Profit
N/A
Operating Profit
$972.0M
Net Profit
$852.0M
Gross Margin
N/A
Operating Margin
21.5%
Net Margin
18.8%
YoY Growth
-9.4%
EPS
$2.71
Constellation Energy Q4 FY2024 Financial Summary
Constellation Energy reported revenue of $4.5B (down 9.4% YoY) for Q4 FY2024, with a net profit of $852.0M (up 2402.7% YoY) (18.8% margin).
Key Financial Metrics
| Total Revenue | $4.5B |
|---|---|
| Net Profit | $852.0M |
| Gross Margin | N/A |
| Operating Margin | 21.5% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Constellation Energy Q4 FY2024 revenue of $4.5B breaks down across 3 segments, led by Constellation Other Regions at $3.6B (80.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Constellation Other Regions | $3.6B | 80.1% |
| Nuclear PT Cs | $698.0M | 15.4% |
| Constellation ERCOT | $217.0M | 4.8% |
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 Constellation Other Regions and Nuclear PT Cs) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Constellation Other Regions | $1.1B | $1.3B | $1.0B | $1.4B |
| Nuclear PT Cs | — | $175.0M | — | — |
| Constellation ERCOT | $292.0M | $375.0M | $328.0M | $301.0M |
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 |