Constellation Energy(NASDAQ) CEG

Constellation Energy Corporation sells electricity to homes and businesses. It uses nuclear and renewable sources to provide constant power. The company helps major organizations reach their clean energy goals.

Where the Power Comes From

• Calpine Segment: Operates natural gas and geothermal plants; generated $4.5 billion in operating revenues for the six months ended June 30, 2026.
• Mid-Atlantic Segment: Serves regional power markets in the Eastern U.S.; generated $3.4 billion in operating revenues for the six months ended June 30, 2026.
• Midwest Segment: Focuses on energy generation and sales in the central U.S.; generated $3.3 billion in operating revenues for the six months ended June 30, 2026.
• Other Power Regions: Manages energy portfolios in various geographic zones across the country; generated $2.5 billion in operating revenues for the six-month period ended June 30, 2026.
• New York and ERCOT: Provides electricity for the New York and Texas (ERCOT) power grids; generated $1.1 billion and $816 million respectively during the first half of 2026.

Growing the Power Supply

• Acquired 100% of Calpine Corporation on Jan. 7, 2026, for approximately $21.8 billion to increase scale and market diversity.
• Commissioned the 105 megawatt Pastoria Solar Project in April 2026 to help California reach its clean energy targets.
• Signed a 380 megawatt agreement in the first quarter of 2026 to provide infrastructure for a new data center in Texas.
• Secured 920 megawatts of long-term nuclear energy contracts with durations ranging from 15 to 20 years.

A Leader in Clean Energy

Constellation is the largest producer of carbon-free energy in the United States. Its fleet of power plants provides the steady energy needed to support industrial growth and data center development.

Recent Financial Results

• Operating revenues reached $18.6 billion for the six months ended June 30, 2026, a 44.5% year-over-year increase.
• GAAP net income was $2.1 billion for the six-month period ended June 30, 2026.
• Net cash provided by operating activities totaled $1.6 billion for the first half of 2026.
• Adjusted (non-GAAP) operating earnings were $1.9 billion for the six months ended June 30, 2026, up from $1.3 billion year over year.

Evolution of the Business

Constellation has evolved into a leader in carbon-free energy through its extensive nuclear operations and strategic acquisitions. Its expansion into natural gas and data center infrastructure positions the company to meet rising electricity demand from modern technology.