Quarterly ResultAug 6, 2026, 12:31 PM
Constellation Energy Q2 2026 Net Income $513M; Calpine Integration Progress
AI Summary
Constellation Energy reported its Q2 2026 financial results, with net income attributable to common shareholders reaching $513 million for the quarter and $2,103 million for the six months ended June 30, 2026. Operating revenues for the six-month period increased to $18,626 million. The results reflect the ongoing integration of Calpine Corporation, acquired on January 7, 2026, for a total consideration of $21.8 billion, and progress on required divestitures, including $5.0 billion in PJM assets and the $860 million Brazos Valley Energy Center.
Key Highlights
- Net income attributable to common shareholders for Q2 2026 was $513 million, down from $839 million YoY.
- Net income attributable to common shareholders for 6M 2026 was $2,103 million, up from $957 million YoY.
- Operating revenues for 6M 2026 increased to $18,626 million from $12,889 million YoY.
- Basic EPS for 6M 2026 was $5.89, compared to $3.05 in the prior year.
- Acquired Calpine Corporation on January 7, 2026, for $21.8 billion (50M shares + $4.34B cash).
- Agreed to sell five PJM generation assets to LS Power for $5.0 billion.
- Agreed to sell Brazos Valley Energy Center (ERCOT) to LS Power for $860 million.
- Repurchased $1,971 million of common stock in the six months ended June 30, 2026.
Price Impact
More from CEG