Constellation Energy Corp(CEG)— Stock Profile, AI Score & Financials
Utilities · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Constellation Energy Corp (CEG) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores CEG at 59.4/100 on a 32-signal composite quality model, placing it at rank #926 of 2,961 stocks — the top half of the AI-ranked universe. CEG scores in the top quartile across revenue scale (95.2), institutional flow (81.8). Areas of concern include earnings quality (9.6) and free cash flow (29.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 46.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Constellation Energy Corp reports quarterly revenue of $7.5B, net income of $513.0M, free cash flow of $-118.0M. Top institutional holders of CEG by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. CEG trades on the Nasdaq exchange and files with the SEC under CIK 1868275. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CEG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Constellation Energy Corp directly from SEC EDGAR.
AI Quality Score
59.4/100
AI Rank
#926
Revenue
$7.5B
Net Income
$513.0M
Free Cash Flow
$-118.0M
CEG key financials by period
Constellation Energy Corp reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$25.5B
$2.3B
12.1%
FY 2024
10-K
$23.6B
$3.7B
18.5%
FY 2023
10-K
$24.9B
$1.6B
6.5%
FY 2022
10-K
$24.4B
$-160.0M
2.0%
FY 2021
10-K
$19.6B
$-205.0M
-1.8%
FY 2020
10-K
$17.6B
$589.0M
1.5%
Institutions holding CEG
Institutional investors reporting a position in Constellation Energy Corp on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
First full quarter with Calpine lifted revenue 23% to $7,504M, but operating income fell to $580M from $951M on unrealized hedge losses, merger costs and nuclear outages.
Biggest Revenue Drivers
Calpine$2,147M+100.0% YoY
New reportable segment; represents operating revenues of the Calpine business acquired January 7, 2026
Midwest$1,568M+2.9% YoY
Favorable retail load revenue of $110M on higher contracted energy prices and $65M higher net capacity revenue, offset by $135M lower ZEC revenue
Biggest Revenue Drivers
Total revenue: $7.5B+23.0% YoY
Calpine$2,147M+100.0% YoY
New reportable segment; represents operating revenues of the Calpine business acquired January 7, 2026
Midwest$1,568M+2.9% YoY
Favorable retail load revenue of $110M on higher contracted energy prices and $65M higher net capacity revenue, offset by $135M lower ZEC revenue
Mid-Atlantic$1,555M+7.4% YoY
Favorable retail load revenue of $160M on higher contracted energy prices, partly offset by $90M unfavorable realized economic hedges
Other Power Regions$964M-18.2% YoY
Unfavorable wholesale load revenue of $105M and retail load revenue of $100M, primarily due to lower load volumes in New England
New York$564M+5.4% YoY
No individually significant drivers
Largest Expense Items
Purchased power and fuel$4,023M+28.4% YoY
Calpine segment added $1,119M; unrealized hedging losses of $120M versus gains of $81M last year
Operating and maintenance$2,253M+$636M YoY
Labor, contracting and materials up $228M, Calpine merger and integration costs $87M, nuclear refueling outage costs $68M
Depreciation and amortization$443M+$189M YoY
Additional depreciation and amortization on assets acquired from Calpine beginning January 2026
Interest expense, net$283M+$165M YoY
Net increase in outstanding debt from debt assumed and related financing following the Calpine acquisition
Margins: Operating income fell to $580M from $951M despite higher revenue; RNF rose to $3,481M from $2,969M on higher capacity revenues, while unrealized hedge losses, merger costs and nuclear outages weighed on results.
Watch Items from the Filing
DOJ resolution requires definitive divestiture agreements by September 4, 2026; LS Power deals cover 4.4 GW in PJM for $5.0B and Brazos Valley for $860M.
A three-notch downgrade below investment grade from BBB+/Baa1 would require approximately $3.4 billion of incremental collateral.
Nuclear fleet capacity factor fell to 93.0% from 94.8%, with refueling outage days rising to 86 from 41.
$11.1 billion of goodwill provisionally allocated to the Calpine segment; purchase price allocation remains subject to measurement-period revision.
PJM 2028/2029 Base Residual Auction cleared at the $325/MW-day price cap, including all submitted CEG units.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
