Constellation Q2 Adj. EPS $2.55; Raises FY Guidance to $11.50-$12.50
Constellation Energy reported strong second quarter 2026 results, with Adjusted Operating Earnings increasing to $2.55 per share, leading the company to raise its full-year guidance to $11.50 – $12.50 per share. The company made significant strategic progress, including FERC and NRC approvals for the Crane Clean Energy Center restart and signing 920 MW of new long-term power purchase agreements. Additionally, Constellation agreed to divest the Brazos Valley Energy Center for $860 million, fulfilling its final regulatory condition related to the Calpine acquisition.
Key Highlights
- Reported Q2 2026 GAAP Net Income of $1.42 per share.
- Reported Q2 2026 Adjusted Operating Earnings of $2.55 per share, up from $1.91 in Q2 2025.
- Raised full-year Adjusted Operating Earnings guidance range to $11.50 – $12.50 per share.
- Entered agreement to divest Brazos Valley Energy Center for $860 million, satisfying regulatory commitments.
- Signed an additional 920 MW of long-term power purchase agreements for clean generation.
- Achieved 93.0% nuclear fleet capacity factor (excluding Salem and STP) for Q2 2026.
- Deployed approximately $2.2 billion year-to-date for accretive share repurchases.
Price Impact
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