On Jan. 31, commercial electricity supplier Constellation Energy (NYSE:CEG) released second-quarter earnings for the period ended Dec. 31.

  • Net revenue decreased by 10.3%, partially attributable to low energy usage in a mild winter.
  • The company expects EPS to be in the range of $4.30 to $4.65 for fiscal 2007 and $5.25 to $5.75 per share in 2008.
  • For fiscal 2007, the company decided to raise its quarterly dividend by 15% to $0.43 per share.
  • Constellation is a five-star stock in Motley Fool CAPS. Get in the game and tell us what you think about the company.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$4,593.2

$5,117.8

(10.3%)

Net Profit*

$266.6

$168.5

58.2%

EPS

$1.46

$0.94

55.3%

Diluted Shares

182.7

179.9

1.6%

*From continuing operations

Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

24.8%

21.3%

3.5

Operating Margin

9.2%

5.5%

3.7

Net Margin

5.8%

3.3%

2.5

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$2,289.1

$813.0

181.6%

Accounts Rec.

$3,188.0

$2,727.9

16.9%

Inventory

$799.7

$686.5

16.5%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable*

$2,076.9

$1,667.9

24.5%

Long-Term Debt

$4,222.3

$4,369.3

(3.4%)

*Includes accrued liabilities

Learn the ways of the balance sheet.

Cash Flow Highlights

No data available

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Related Companies:

  • General Electric (NYSE:GE)
  • Progress Energy (NYSE:PGN)
  • PPL (NYSE:PPL)
  • Edison International (NYSE:EIX)
  • American Electric Power (NYSE:AEP)

Related Foolishness:

Constellation Energy is a Motley Fool Income Investor recommendation. Find more dividend superstars with a free 30-day trial of James Early's low-risk, high-reward newsletter service.

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