Constellation Energy Q1 GAAP EPS $4.49, Adj. EPS $2.74; Affirms FY26 Guidance
Constellation Energy reported strong first-quarter 2026 financial results, with GAAP Net Income rising to $4.49 per share and Adjusted Operating Earnings increasing to $2.74 per share. The company affirmed its full-year 2026 Adjusted Operating Earnings guidance of $11.00 - $12.00 per share, reflecting confidence in its operational excellence and strategic capital allocation. Key operational highlights include the commissioning of the 105 MW Pastoria Solar Project, commercial operation of the 460 MW Pin Oak Creek Energy Center, and regulatory approval for a 380 MW data center co-location at its Freestone site. Constellation also announced an increase in its share buyback authorization to $5.0 billion and was ranked #1 on Barron's Most Sustainable U.S. Companies for 2026.
Key Highlights
- GAAP Net Income for Q1 2026 increased to $4.49 per share from $0.38 per share in Q1 2025.
- Adjusted Operating Earnings for Q1 2026 increased to $2.74 per share from $2.14 per share in Q1 2025.
- Affirmed full-year 2026 Adjusted Operating Earnings guidance of $11.00 - $12.00 per share.
- Commissioned the 105 MW Pastoria Solar Project and achieved commercial operation for the 460 MW Pin Oak Creek Energy Center.
- PUCT approved net metering application for a 380 MW CyrusOne data center at the Freestone site.
- Ranked #1 on Barron's Most Sustainable U.S. Companies for 2026.
- Increased share buyback authorization to $5.0 billion.
- Nuclear fleet produced 44,666 GWhs in Q1 2026, down from 45,582 GWhs in Q1 2025.