Constellation Energy Corp

Constellation Energy announced that all its power plants in the PJM market successfully cleared the capacity auction for the 2028-2029 planning year. The company cleared a total of 18,875 MW at a uniform price of $325. These auction results will take effect on June 1, 2028, with capacity revenues for nuclear units contributing to the Production Tax Credit calculation.

Constellation Energy Corporation announced the closing of an offering where selling shareholders sold 11,000,000 shares of common stock to underwriters. Concurrently, the company repurchased 2,000,000 shares from the underwriters for approximately $558.0 million, utilizing its existing share repurchase program. The company did not sell any shares in the offering and did not receive any proceeds from the selling shareholders' sale.

Constellation Energy Corporation announced the acquisition of Calpine Corporation on January 7, 2026, for a total merger consideration of $21.835 billion, comprising cash and 50 million newly issued shares of common stock. This strategic acquisition significantly increased the company's scale and market diversification. For the first quarter of 2026, Constellation reported a substantial increase in net income attributable to common shareholders to $1.59 billion, up from $118 million in the prior year, with operating revenues rising to $11.122 billion. The company also entered into an agreement to divest five PJM generation assets for $5.0 billion as part of regulatory approvals for the Calpine merger.

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.