Constellation Energy Corporation (CEG) News

Constellation Energy delivered a robust first quarter in 2026, showcasing the immediate accretive power of its recent Calpine acquisition. Posting an Adjusted Operating EPS of $2.74—a $0.60 increase year-over-year—the company benefited from expanded commercial margins, strong nuclear performance, and higher capacity prices in PJM. With hyperscaler demand for clean, firm power accelerating, Constellation reaffirmed its full-year 2026 earnings guidance of $11 to $12 per share and outlined a compelling vision for massive free cash flow generation through the end of the decade.

Constellation Energy delivered an impressive 2025 as structural grid constraints and rapid data center expansion translated into highly visible, long-term earnings growth. Unprecedented contracting velocity and an integrated portfolio spanning nuclear and natural gas are directly converting clean energy scarcity into compounding shareholder value.