Constellation Energy Q1 adjusted EPS beat estimates on calpine acquisition

Constellation Energy Corporation

Constellation Energy Corporation

CEG

0.00


Overview

  • US power producer's Q1 adjusted EPS beat analyst expectations

  • Quarterly results driven by Calpine addition, stock-based comp, and market conditions


Outlook

  • Constellation affirms full-year 2026 adjusted operating earnings guidance of $11.00-$12.00 per share

  • Company expects strong, visible cash flow to support its capital allocation framework


Result Drivers

  • CALPINE ACQUISITION - Addition of Calpine contributed to higher adjusted operating earnings in Q1

  • MARKET CONDITIONS - Favorable stock-based compensation, nuclear PTC portfolio and market supported Q1 adjusted operating earnings

  • NUCLEAR OUTAGES - Unfavorable nuclear outages partially offset gains in Q1 adjusted operating earnings


Company press release: ID:nBw66CrxRa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Adjusted EPS

Beat

$2.74

$2.57 (12 Analysts)

Q1 Net Income

$1.60 bln

Q1 Adjusted Operating Income

$972 mln

Q1 Pretax Profit

$2.13 bln

Q1 Operating Expenses

$8.8 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the electric utilities peer group is "buy"

  • Wall Street's median 12-month price target for Constellation Energy Corp is $362.23, about 19.3% above its May 8 closing price of $303.63

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 25 three months ago


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