Company Dossier · Utilities
Constellation Energy
- S&P 500
- Nasdaq-100
- Russell 1000
What Constellation Energy is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $24.8 billion, up 20% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $0.31 billion.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $3.90 billion, up 37% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $0.40 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (August 6, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
- Guidance in the last 90 days: 1 outlook figure raised, 0 lowered, 0 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 24, 2026): 6 risk factors added, 7 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net buyers in Q3 2026: $0.4 million on the open market.SEC Form 4
- 1,869 institutional managers reported a position at June 30, 2026 (−38 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 16 (10 a year earlier).U.S. Department of Labor (OFLC)
- Headlines in the last 30 days: 12, of which 5 read positive and 2 negative.Palanor headline tone
Risk events (12 months): 2 — latest OSHA inspection, Mar 12, 2026 →
Company Posture
How Company Posture is measured →What Constellation Energy is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Retrenching · Confident
Expanding ↔ Retrenching
Retrenching
- Capital spending83rd pct
- Debt raised51st pct
- Buybacks vs capex—
- Hiring filings8th pct
- Deals and private raises48th pct
- Patent publications6th pct
Confident ↔ Hedging
Confident
- Call sentiment85th pct
- Call confidence81st pct
- Guidance changes89th pct
- Risk factors added35th pct
- Insider open-market trades92nd pct
- + Guidance changes
- + Call sentiment
- + Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver81st pct
- Stress filings49th pct
Credit
How these are built →Constellation Energy's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$24.7B
- Due within a year $5.6B
- Longer term $19.1B
- Default point $15.1B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name Constellation Energy, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- PositiveGoogle Secures 890 MW Of Nuclear Power from Constellation Energy
OilPrice.com · Oct 7, 2026
- NeutralConstellation Energy's sweeping nuclear deal sparks rally in power sector stocks (CEG:NASDAQ)
seekingalpha.com · via Marketaux · Oct 7, 2026
- NeutralConstellation Energy (CEG) Shares Surge 12.5% Amid Market Rally on October 6, 2026
gurufocus.com · via Marketaux · Oct 6, 2026
- PositiveConstellation Energy (CEG) Gains on Strategic Partnership with Google to Boost Nuclear Capacity
gurufocus.com · via Marketaux · Oct 6, 2026
- PositiveAlphabet Inc. Partners with Constellation Energy for 20-Year Nuclear Power Agreement
gurufocus.com · via Marketaux · Oct 6, 2026
- PositiveGoogle and Constellation Energy Partner for 20-Year Nuclear Power Expansion
gurufocus.com · via Marketaux · Oct 6, 2026
- NeutralGoogle nears billion-dollar deal for nuclear power from Constellation - Bloomberg (CEG:NASDAQ)
seekingalpha.com · via Marketaux · Oct 6, 2026
- NeutralConstellation Energy Corp (CEG) Stock Up 3.9% and Still Undervalued -- GF Score: 82/100
gurufocus.com · via Marketaux · Oct 5, 2026
- NegativeUtilities fall 13% in quarter; Constellation Energy gains as PG&E leads declines (XLU:NYSEARCA)
seekingalpha.com · via Marketaux · Oct 3, 2026
- PositiveConstellation (CEG) Partners with Amazon to Upgrade Calvert Cliffs Nuclear Plant
gurufocus.com · via Marketaux · Sep 30, 2026
- NeutralFERC Approves PJM Capacity Plan Filing, Delays Implementation to 2027; Impact on Constellation Energy (CEG)
gurufocus.com · via Marketaux · Sep 30, 2026
- NegativeFERC Delays PJM Reliability Backstop Filing, Weighing on Constellation Energy (CEG) Shares
gurufocus.com · via Marketaux · Sep 30, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (CONSTELLATION ENERGY GENERATION, LLC)third_quarter 2026 · $2.4 million
- Oct 20, 2026LobbyingLobbying report (FORWARD GLOBAL)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (CALPINE CORPORATION)third_quarter 2026 · $0.7 million
- Oct 20, 2026LobbyingLobbying report (MEHLMAN CONSULTING, INC.)third_quarter 2026 · $0.1 million
- Oct 16, 2026LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)third_quarter 2026 · $0.1 million
- Oct 16, 2026LobbyingLobbying report (BALLARD PARTNERS)third_quarter 2026 · $0.1 million
- Oct 16, 2026LobbyingLobbying report (CASSIDY & ASSOCIATES, INC.)third_quarter 2026 · $0.1 million
- Oct 16, 2026LobbyingLobbying report (COVENANT GOVERNMENT AFFAIRS, LLC)third_quarter 2026 · $0.0 million
- Aug 5, 20268-KDirector or officer changeItem 5.02
- May 1, 20268-KShareholder vote resultsItem 5.07
- Mar 26, 20268-KDirector or officer changeItem 5.02
- Mar 12, 2026Risk event
- Feb 24, 202610-KAnnual report (10-K)6 risk factors added, 7 removed
- Feb 10, 20268-KDirector or officer changeItem 5.02
- Jan 15, 20268-KMaterial agreement signedItem 1.01
- Jan 7, 20268-KMaterial agreement signedItem 1.01
- Jan 7, 20268-KAcquisition or sale completedItem 2.01
- Jan 7, 20268-KDirector or officer changeItem 5.02
- Nov 21, 20258-KDirector or officer changeItem 5.02
- Nov 18, 20258-KMaterial agreement signedItem 1.01
- Nov 15, 2025Risk event
- Nov 12, 20258-KDirector or officer changeItem 5.02
- Sep 29, 20258-KDirector or officer changeItem 5.02
- Sep 2, 2025Patent
- May 1, 20258-KShareholder vote resultsItem 5.07
- Mar 26, 2025Risk event
- Feb 18, 202510-KAnnual report (10-K)12 risk factors added, 6 removed
- Jan 13, 20258-KMaterial agreement signedItem 1.01
- Dec 13, 20248-KDirector or officer changeItem 5.02
- Oct 15, 2024Patent
- Sep 24, 2024Patent
- Feb 27, 202410-K
- Jan 16, 2024Patent
- Aug 30, 2022Patent
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Exelon EXC | $24.8B | −$2.2B | Mar 31, 2026 |
| NextEra Energy NEE | $25.9B | — | Mar 31, 2026 |
| American Electric Power AEP | $22.0B | $2.6B | Mar 31, 2026 |
| Southern Company SO | $30.2B | −$3.5B | Mar 31, 2026 |
| Edison International EIX | $19.6B | −$0.6B | Mar 31, 2026 |
| Vistra Corp. VST | $19.0B | $2.3B | Jun 30, 2026 |
| Duke Energy DUK | $32.5B | −$3.3B | Mar 31, 2026 |
| FirstEnergy FE | $15.5B | −$1.7B | Mar 31, 2026 |