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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Constellation Energy (CEG) is 8/10.
Constellation delivered Q1 adjusted operating earnings of $2.74 per share, $0.60 better than the prior year, driven by Calpine integration and strong commercial execution. GAAP EPS of $4.49 reflected favorable mark-to-market positions. The company affirmed full-year 2026 guidance of $11-$12 per share and highlighted free cash flow before growth of $8.4 billion across 2026-2027. PJM regulatory clarity was accelerating, and customer margin expansion continued across platforms.
Scored from Constellation Energy’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $5.38B | -7.1% | $2.71 | +2563.6% | 18.1% | 15.8% | $-1.75B |
| FY2025 Q1 | $6.79B | +10.2% | $0.38 | -86.3% | 6.6% | 1.7% | $-699M |
| FY2025 Q2 | $6.10B | +11.4% | $2.67 | +3.5% | 15.6% | 13.8% | $710M |
| FY2025 Q3 | $7.18B | +9.7% | $2.97 | -22.3% | 21.4% | 12.9% | $1.46B |
| FY2025 Q4 | $5.46B | +1.4% | $1.38 | -49.1% | 2.7% | 7.9% | $-181M |
| FY2026 Q1 | $11.12B | +63.8% | $4.49 | +1081.6% | 20.8% | 14.4% | $-850M |
| FY2026 Q2 | $7.51B | +23.0% | $1.45 | -45.7% | 7.7% | 6.8% | $-118M |