What is the 13F Pro Quality Score for CEG?

13F Pro ranks Constellation Energy Corp (CEG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View CEG's current score at https://13fpro.ai/company/CEG (free sign-up required for the full ranking).

Where does 13F Pro source CEG data?

All Constellation Energy Corp fundamentals and ownership data come directly from SEC EDGAR. Constellation Energy Corp files with the SEC under CIK 1868275. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is CEG in?

Constellation Energy Corp (CEG) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

What drives CEG's revenue?

Per Constellation Energy Corp's latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Calpine ($2,147M, +100.0% YoY); Midwest ($1,568M, +2.9% YoY); Mid-Atlantic ($1,555M, +7.4% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/CEG.

What are CEG's largest expenses?

Constellation Energy Corp's latest 10-Q reports these as the largest expense items: Purchased power and fuel ($4,023M, +28.4% YoY); Operating and maintenance ($2,253M, +$636M YoY); Depreciation and amortization ($443M, +$189M YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is CEG research updated on 13F Pro?

CEG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Constellation Energy Corp(CEG)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Utilities →Nasdaqlarge

Institutional-grade research for retail investors

SEC EDGAR: CIK 1868275 CEG stock profile & AI dashboard →

13F Pro Quality Score

59.4/100

Rank #926 of 2,961 stocksTOP 50%

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

73.9/100

Profitability

63.3/100

Balance Sheet

67.7/100

Earnings Quality

9.6/100

Free Cash Flow

29.3/100

Institutional Flow

81.8/100

Revenue Scale

95.2/100

Dilution Risk

46.1/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why CEG Scores 59/100

exact factor attribution · 2026-09-11

CEG's composite is driven by scale and revenue growth, held back by earnings quality and free cash flow. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+6.8 pts

95th pct

Revenue growth

+4.8 pts

74th pct

Profitability

+2.0 pts

63th pct

Capital efficiency

+1.8 pts

68th pct

Institutional flow

+1.6 pts

82th pct

Earnings growth

-0.2 pts

46th pct

Shareholder dilution

-0.2 pts

46th pct

Free cash flow

-3.1 pts

29th pct

Earnings quality

-4.0 pts

10th pct

Latest change (2026-08-06): 63 → 61 · ↓ Free cash flow 42→18; ↓ Capital efficiency 76→60; despite ↑ Revenue growth 34→54

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

CEG Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Constellation Energy Corp (CEG), 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. 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. Constellation Energy Corp's 13F Pro composite quality score has ranged between 52 and 67 since 2023, currently 59.4 — a stable long-term trajectory across 60 quarterly and live scoring snapshots.

✦

Fun facts about Constellation Energy Corp

Quirks, history, and lore behind CEG — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. utilities company · large-cap · listed on Nasdaq · headquartered in Maryland.
2
The Numbers
Revenue in the range of $20–25 billion a year, with a generating fleet of roughly 32,000 megawatts — enough to power tens of millions of homes.
3
The History
Spun off from Exelon in early 2022, it inherited a portfolio built over decades of nuclear-plant acquisitions going back to the deregulation era of the late 1990s.
4
The Secret
It is the largest producer of carbon-free electricity in the United States — not from wind or solar, but overwhelmingly from nuclear power.
5
The Lore
It operates famous reactor sites including Three Mile Island Unit 1, which it restarted to supply power to Microsoft's data centers — a deal that made national headlines in 2024.
6
The Giveaway
The nation's nuclear energy champion, running plants from Illinois to New York, with a ticker that rhymes with a zodiac sign and a name borrowed from the stars themselves.

▶ Think you know your stocks? Play the Daily Ticker

What's Driving CEG's Business? Latest 10-Q Breakdown

✓ 43/43 datapoints verified

AI-extracted from Constellation Energy Corp's 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.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$7.5B

Net Income

Q2 2026

$513.0M

Free Cash Flow

Q2 2026

$-118.0M

ROIC

Q2 2026

4.1%

D/E Ratio

Q2 2026

0.78

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+8.3% YoY

$25.53BFY 2025

FY22 $24.44BFY23 $24.92BFY24 $23.57BFY25 $25.53B

Net Income

-38.1% YoY

$2.32BFY 2025

FY22 $-160.0MFY23 $1.62BFY24 $3.75BFY25 $2.32B

Operating Income

-29.1% YoY

$3.09BFY 2025

FY22 $495.0MFY23 $1.61BFY24 $4.35BFY25 $3.09B

EPS (Diluted)

-37.8% YoY

$7.40FY 2025

FY22 $-0.49FY23 $5.01FY24 $11.89FY25 $7.40

Total Assets

+8.2% YoY

$57.25BFY 2025

FY22 $46.91BFY23 $50.76BFY24 $52.93BFY25 $57.25B

Total Debt

-12.3% YoY

$9.24BFY 2025

FY22 $6.09BFY23 $9.56BFY24 $10.53BFY25 $9.24B

Op. Cash Flow

+272.0% YoY

$4.24BFY 2025

FY22 $-2.35BFY23 $-5.30BFY24 $-2.46BFY25 $4.24B

Free Cash Flow

+125.6% YoY

$1.29BFY 2025

FY22 $-4.04BFY23 $-7.72BFY24 $-5.03BFY25 $1.29B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$25.53B +8.3%	$23.57B -5.4%	$24.92B +2.0%	$24.44B +24.4%	$19.65B +11.6%	$17.60B
Net Income	$2.32B -38.1%	$3.75B +131.0%	$1.62B +1114.4%	$-160.0M +22.0%	$-205.0M -134.8%	$589.0M
Operating Income	$3.09B -29.1%	$4.35B +170.3%	$1.61B +225.3%	$495.0M +243.1%	$-346.0M -235.2%	$256.0M
EPS (Diluted)	$7.40 -37.8%	$11.89 +137.3%	$5.01 +1122.4%	$-0.49	$0.00	$0.00
Total Assets	$57.25B +8.2%	$52.93B +4.3%	$50.76B +8.2%	$46.91B -2.4%	$48.09B	—
Total Debt	$9.24B -12.3%	$10.53B +10.1%	$9.56B +56.9%	$6.09B -33.0%	$9.10B	—
Operating Cash Flow	$4.24B +272.0%	$-2.46B +53.5%	$-5.30B -125.3%	$-2.35B -75.9%	$-1.34B -329.1%	$584.0M
Free Cash Flow	$1.29B +125.6%	$-5.03B +34.9%	$-7.72B -91.1%	$-4.04B -51.6%	$-2.67B -129.3%	$-1.16B

Get alerted when CEG's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for Constellation Energy Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Companies Similar to CEG

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

EXC

EXELON CORP

AI score

Very similar · 41 shared holders

Capital World Investors NORDEA INVESTMENT MANAGEMENT AB Capital International Investors

WASTE MANAGEMENT INC

AI score

Very similar · 30 shared holders

Capital Research Global Investors NORDEA INVESTMENT MANAGEMENT AB Clearbridge Investments, LLC

VST

Vistra Corp.

AI score

Very similar · 28 shared holders

Capital World Investors REAVES W H & CO INC ALKEON CAPITAL MANAGEMENT LLC

PEG

PUBLIC SERVICE ENTERPRISE GROUP INC

AI score

Very similar · 38 shared holders

Capital Research Global Investors NORDEA INVESTMENT MANAGEMENT AB Capital World Investors

AEP

AMERICAN ELECTRIC POWER CO INC

AI score

Very similar · 23 shared holders

Capital Research Global Investors National Pension Service JENNISON ASSOCIATES LLC

AWK

American Water Works Company, Inc.

AI score

Very similar · 30 shared holders

NORDEA INVESTMENT MANAGEMENT AB M&G Plc abrdn plc

NRG

NRG ENERGY, INC.

AI score

Very similar · 31 shared holders

REAVES W H & CO INC NORDEA INVESTMENT MANAGEMENT AB JENNISON ASSOCIATES LLC

ETR

ENTERGY CORP /DE/

AI score

Very similar · 38 shared holders

Capital Research Global Investors Capital International Investors REAVES W H & CO INC

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Utilities Companies

View all Utilities →

AEE

AMEREN CORP

AEP

AMERICAN ELECTRIC POWER CO INC

AES

AES CORP

AQN

ALGONQUIN POWER & UTILITIES CORP.

ARTNA

ARTESIAN RESOURCES CORP

AVA

AVISTA CORP

AWK

American Water Works Company, Inc.

AWR

AMERICAN STATES WATER CO

Put CEG on your watchlist

Track score changes the day Constellation Energy Corp files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is CEG a good stock to buy?

13F Pro's AI-powered analysis of Constellation Energy Corp (CEG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CEG are available on the CEG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. CEG is classified as a large company.

Which hedge funds own CEG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CEG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Constellation Energy Corp's investment landscape.