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CEG US​

Constellation Energy Corp(CEG US)

$253.45-1.760.69%Ext:$253.46+0.010.01%(Market Closed · 23:59:18 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Constellation Energy Corp — Company Profile

Constellation Energy Corporation operates as a U.S.-based firm dedicated to producing and distributing electricity. Its activities are organized across five primary geographical segments: the Mid-Atlantic, Midwest, New York, ERCOT, and various other power markets. In addition to electrical power, the company supplies natural gas, sustainable energy solutions, and an array of associated energy products and services. Possessing a significant generation capability of 32,400 megawatts, its power portfolio incorporates diverse sources such as nuclear, wind, solar, natural gas, and hydroelectric facilities. The company serves a wide spectrum of clients, including utility distributors, local government bodies, cooperatives, along with commercial, industrial, public sector, and household consumers. Founded in 2021, its corporate headquarters are situated in Baltimore, Maryland. Constellation Energy Corporation previously operated as a subsidiary of Exelon Corporation.

Sector
Utilities
Industry
Electric Utilities
Exchange
UQ
CEO
Joseph Dominguez
Headquarters
Baltimore, MD, US
IPO Date
Jan 19, 2022
Employees
15,315
Website
constellationenergy.com

Key Metrics

Price
$263.25
Market Cap
$94.53B
Revenue (TTM)
$11.12B
Net Income (TTM)
$1.60B
EPS (TTM)
4.49
P/E (TTM)
24.85
P/B (TTM)
2.82
Dividend Yield
60.95%
ROE (TTM)
4.79%
ROA (TTM)
1.65%
Operating Margin
20.84%
Beta
1.43

Dividends

Last Dividend
$0.43
Last Yield
0.61%

Summary

Constellation Energy Corporation operates as a U.S.-based firm dedicated to producing and distributing electricity. Its activities are organized across five primary geographical segments: the Mid-Atlantic, Midwest, New York, ERCOT, and various other power markets. In addition to electrical power, the company supplies natural gas, sustainable energy solutions, and an array of associated energy products and services. Possessing a significant generation capability of 32,400 megawatts, its power portfolio incorporates diverse sources such as nuclear, wind, solar, natural gas, and hydroelectric facilities. The company serves a wide spectrum of clients, including utility distributors, local government bodies, cooperatives, along with commercial, industrial, public sector, and household consumers. Founded in 2021, its corporate headquarters are situated in Baltimore, Maryland. Constellation Energy Corporation previously operated as a subsidiary of Exelon Corporation.

Website
constellationenergy.com
Location
Baltimore, MD, US
Phone833 883 0162
Employees15,315
CEOJoseph Dominguez
Sector
Utilities
Industry
Electric Utilities
IPO DateJan 19, 2022

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Latest Documents

SEC Filings(401)

Expand
  • 144Novotny Andrew R.15 Oct
  • 4Statement of changes in beneficial ownership2 Oct
  • 4Statement of changes in beneficial ownership2 Oct
  • 144Novotny Andrew R.17 Sep
  • 144/ANovotny Andrew R.17 Sep
  • 144Novotny Andrew R.21 Aug
  • 4Statement of changes in beneficial ownership13 Aug
  • SC 13G/AConstellation Energy Corp7 Aug
  • 4Statement of changes in beneficial ownership6 Aug
  • 3Initial statement of beneficial ownership6 Aug
  • 10-QQ2ended 30 Jun 20266 Aug
  • 8-KResults of Operations and Financial Condition6 Aug
  • 8-KContact: Dave Snyder Constellation Communications 667-218-7700 [email protected] FOR IMMEDIATE RELEASE Constellation Announces Board Chairman Transition and New Board Appointment BALTIMORE, Md. — (Aug. 5, 2026)— Constellation (Nasdaq: CEG) today announced that its Board of Directors has elected President and Chief Executive Officer Joe Dominguez to serve as Chairman of the Board, effective Aug. 4, 2026, and appointed Roger Crandall, Chairman, President and Chief Executive Officer of MassMutual, to the Board as an independent director, effective Aug. 5, 2026. Charles L. Harrington will serve as Lead Independent Director, reinforcing the company's strong governance framework and independent Board oversight. Crandall brings nearly four decades of leadership experience in financial services and has served as chief executive officer of MassMutual since 2010. MassMutual, a Fortune 100 company, is one of America’s largest mutual life insurance companies, serving more than four million customers with over $1 trillion in life insurance in force. Under Crandall’s leadership, the 175- year-old company has delivered strong long-term performance and exceptional value to its policyowners. He recently completed service as Chair of the Federal Reserve Bank of Boston and currently serves on several business, educational and nonprofit boards. Crandall earned an MBA from the Wharton School of the University of Pennsylvania and a bachelor's degree in economics from the University of Vermont. "Roger is an exceptional business leader with deep expertise in capital allocation, risk management, technology transformation and corporate governance," said Dominguez. "His perspective and experience will be invaluable as Constellation continues to execute its strategy and meet growing demand for reliable, carbon-free energy." "Constellation plays a critical role in powering economic growth and advancing a more reliable and sustainable energy future," said Crandall. "I look forward to working with the Board and leadership team to support the company's long-term success and value creation, all in service of building a better tomorrow for communities across the country." These appointments follow the resignation of Robert J. Lawless from the Board, effective Aug. 4, 2026. Lawless concludes a distinguished tenure spanning more than two decades of service to Constellation. He served on the board of legacy Constellation Energy Group from 2002 until its merger with Exelon in 2012, on the Exelon Board from 2012 to 2022, and as chairman ofConstellation following its separation from Exelon in 2022. His strategic insight, financial acumen, commitment to strong corporate governance and steadfast support of management helped position Constellation for sustained growth and industry leadership. "Few people have had a greater impact on Constellation's journey than Bob Lawless," said Dominguez. "From his service on the legacy Constellation board to supporting the company through our separation from Exelon, Bob has been a trusted counselor, thoughtful leader and steadfast advocate for our long-term success. His leadership helped lay the foundation for the growth and value creation we have achieved as an independent company, and we are deeply grateful for his service." Mr. Lawless brought decades of executive leadership, strategic planning and corporate governance experience to the Board. As the former chairman, president and chief executive officer of McCormick & Company, he provided valuable insight on issues affecting public companies and helped strengthen Constellation's focus on long-term shareholder value and disciplined leadership. "It has been an honor to serve on Constellation's Board and work alongside such a talented team," said Lawless. "I am proud of what the company has accomplished and confident it is well positioned for continued success." ### About Constellation Constellation Energy Corporation (Nasdaq: CEG), a Fortune 200 company headquartered in Baltimore, is the largest private-sector power producer in the world and the nation's largest producer of clean and reliable energy. With 55 gigawatts of capacity from nuclear, natural gas, oil, geothermal, hydro, wind and solar facilities, our fleet has the generating capacity to power the equivalent of 27 million homes, providing about 10% of the nation’s clean energy and delivering the around-the-clock reliability needed to power America's growing economy. We are also the largest nuclear energy company in the U.S. and a leading competitive retail supplier, serving approximately 2.5 million customer accounts nationwide, including 80% of the Fortune 100. We are committed to investing in innovation and new technologies to drive the transition to a reliable, sustainable and secure energy future. Follow Constellation on LinkedIn and X.5 Aug
  • 8-KOther Events14 Jul
  • 4Statement of changes in beneficial ownership1 Jul
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)17 Jun
  • 8-KOther Events2 Jun
  • 424B4Prospectus filing (Rule 424(b)(4))2 Jun
  • FWPFree writing prospectus1 Jun
  • SC 13G/AConstellation Energy Corp14 May

News

  • Constellation Energy vs. GE Vernova: Which Utilities Stock Is a Better Buy in 2026?23 Oct
  • Constellation Energy Corporation (CEG) is Attracting Investor Attention: Here is What You Should Know23 Oct
  • 3 Alternative Energy Stocks to Watch Amid Rising Power Demand23 Oct
  • Uranium Is Near $90 a Pound. Here's My Prediction for What's Ahead for the Fuel.22 Oct
  • Why Constellation Energy Corporation (CEG) is Poised to Beat Earnings Estimates Again22 Oct
  • Bloom Energy vs. Constellation Energy: Which AI Power Stock Is the Better Buy?22 Oct
  • This Constellation Energy Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday22 Oct
  • Here Are Thursday’s Top Wall Street Analyst Research Calls: Alcoa, Block, Constellation Energy, Dick’s Sporting Goods, Dutch Bros, Halliburton Company, Netflix, Southern Company,Tesla, and More22 Oct
  • CEG Stock Outperforms Industry in 3 Months: Time to Buy or Hold Now?20 Oct
  • Wall Street Analysts Believe Constellation Energy Corporation (CEG) Could Rally 25.22%: Here's is How to Trade19 Oct
  • The AI Data Center Race: 3 Stocks Cashing In Today and 1 Aiming to Next Year19 Oct
  • The Nuclear Renaissance on the U.S. Grid19 Oct
  • Bloom Energy vs. Constellation Energy: Which Energy Stock Is an AI-Driven Buy in 2026?16 Oct
  • Here Are Friday’s Top Wall Street Analyst Research Calls: Barrick Mining, Brinker International, Constellation Energy, Equifax, Fox Corporation, JPMorgan Chase, Klaviyo, Toll Brothers, Workday, and More16 Oct
  • Why Constellation Energy Has A Near-Term Edge Over Vistra15 Oct
  • AI Needs More Power Than the Grid Can Give, and These 7 Stocks Sell the Fix15 Oct
  • Constellation Energy Corporation (CEG) Falls More Steeply Than Broader Market: What Investors Need to Know14 Oct
  • Constellation Completes Sale of Brazos Valley Energy Center to LS Power14 Oct
  • Is Constellation Stock a Buy After Jumping 12% on Google's 20-Year Nuclear Deal?14 Oct
  • Can Renewable Energy Expansion Support CEG's Long-Term Growth?14 Oct

Mentions in Filings

  • … over 5%, in aggregate, comprised 38.97% of the Index’s total weight. Specifically, as of July 31, 2026, the weightings of the following issuers represented over 5% of the Index: Nextera (13.1%), Southern Company (7.7%), Duke Energy (7.07%), <strong>Constellation Energy</strong> (6.07%), and American Electric Power (5.03%). Although levels of concentration have historically fluctuated in the Index, MFS believes that this market concentration is likely to continue.
    MFS VARIABLE INSURANCE TRUSTConstellation Energy Corp·DEF 14A - Definitive proxy statement·Q4 26·20 Oct
  • … 5%, in aggregate, comprised 38.97% of the Index’s total weight. Specifically, as of July 31, 2026, the weightings of the following issuers represented over 5% of the Index: Nextera (13.1%), Southern Company (7.7%), Duke Energy (7.07%), <strong>Constellation Energy</strong> (6.07%), and American Electric Power (5.03%). Although levels of concentration have historically fluctuated in the Index, MFS believes that this market concentration is likely to continue. ---
    MFS SERIES TRUST VIConstellation Energy Corp·DEF 14A - Definitive proxy statement·Q1 27·20 Oct
  • … eneration, renewables, and electric transmission development. During his tenure, Mr. Crowley led more than 65 closed transactions with a total equity value of over $38 billion, including the acquisition of Pepco Holdings, the acquisition of <strong>Constellation Energy</strong>, and the 2022 spin-off of Constellation Energy Corporation (NASDAQ: CEG). Earlier in his career, he held investment banking roles at Lehman Brothers, J.P. Morgan & Co., and Houlihan Lokey.
    ProPetro Holding Corp.Constellation Energy Corp·EX-99.1 - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·19 Oct
  • … | 8,639.19 | | | 9 | Equinix, Inc. | 995.0000 | 8,955.00 | | | 67 | Prologis, Inc. | 127.6000 | 8,549.20 | | | | **Utilities - 13.28%** | | | | | 51 | Atmos Energy Corporation | 166.9500 | 8,514.45 | | | 32 | <strong>Constellation Energy Corporation</strong> | 270.7400 | 8,663.68 | | | 110 | NextEra Energy, Inc. | 78.2800 | 8,610.80 | | | 95 | Southern Company | 90.3900 | 8,587.05 | | | | **MASTER LIMITED PARTNERSHIPS (3) - 9.99%** | | | | | 428 | Energy Transfer …
    Invesco Unit Trusts Series 2503Constellation Energy Corp·487 - VKUT 2503·Q4 26·22 Oct
  • … 64 | ​ | ​ | | ​ | | | | | | | ​ | ​ | ​ | ​ | 54,232,421 | ​ | ​ | | Utilities — 1.8% | | | | | | | | | | | | | ​ | | Ameren Corporation | ​ | ​ | ​ | ​ | 146,200 | ​ | ​ | ​ | ​ | ​ | 14,529,356 | ​ | ​ | | <strong>Constellation Energy Corporation</strong> | ​ | ​ | ​ | ​ | 21,400 | ​ | ​ | ​ | ​ | ​ | 5,436,028 | ​ | ​ | | Entergy Corporation | ​ | ​ | ​ | ​ | 188,900 | ​ | ​ | ​ | ​ | ​ | 18,750,214 | ​ | ​ | | NextEra Energy, Inc. | ​ | ​ | ​ | ​ | 259,400 | …
    ADAMS DIVERSIFIED EQUITY FUND, INC.Constellation Energy Corp·N-30B-2·Q3 26·21 Oct
  • … | | | --- | | Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon Linked to the Common Stock of <strong>Constellation Energy Corporation</strong> Due October 31, 2029 | | | | --- | | PRODUCT CHARACTERISTICS | | | | | --- | --- | | · | **Contingent Coupons with Memory Feature** — If the Notes have not been automatically called, investors will receive a Contingent Coupon on a quarterly Coupon Payment Date if the closing value of the Underlier is grea …
    ROYAL BANK OF CANADAConstellation Energy Corp·FWP - Free writing prospectus·Q4 26·19 Oct

Key Stats

Trading

Px/Chg 1D$263.25 / +2.24%
Prev Close$298.96
% of 52Wk H72.46%
Avg Volume3.42M
Beta1.43
Mkt Cap94.53B
FD Mkt Cap107.39B

Float

Shrs Out/Float359.10M / 337.75M
Short Float0.04%
Days to Cover3.16
Stock Repurchased$0.00

Current Valuation

EV116.17B
EV/EBITDA14.08
EV/Sales3.89
P/B2.82
P/S3.17
FCF Yield-0.90%
ROE4.79%
ROA1.65%
Current Ratio1.36

Dividend

Cash$0.43
Yield60.95%
Yield (TTM)60.95%

Estimates

P/E24.85
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings36.87-156.8541.3920.86219.9958.97
Price / Sales6.591.032.703.3217.418.50
Price / Book Value4.752.286.155.946.552.82
Price / Free Cash Flow-133.35-6.21-8.70-15.55-525.06-111.22
ENTERPRISE VALUE METRICS
Enterprise Value81,596.630,795.376,438.083,968.1100,616.2116,165.6
Enterprise Value / Sales7.351.263.073.5618.4310.44
Enterprise Value / EBITDA30.1810.5418.1012.0477.3432.87
Enterprise Value / EBIT60.3162.3444.7519.65124.9949.81

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue6.8%19,649.024,440.024,918.023,568.025,533.0
Gross Income63%2,745.02,137.03,303.05,990.019,361.0
EBITDA7.1%3,807.02,921.04,222.06,973.05,007.0
EBIT34.7%1,220.0494.01,708.04,273.04,022.0
Net Income—-205.0-160.01,623.03,749.02,319.0
EPS (Diluted)—-0.63-0.495.0111.907.40
BALANCE SHEET
Cash & ST Inv65.1%504.0422.0368.03,022.03,748.0
Total Assets4.5%48,086.046,909.050,758.052,926.057,249.0
Total Liabilities3.8%36,472.035,537.039,472.039,387.042,396.0
Total Shareholder Equity6.7%11,219.011,018.010,925.013,166.014,517.0
CASH FLOW
Net Operating Cash Flow—-1,338.0-2,353.0-5,301.0-2,464.04,237.0
Cap Ex22%-1,329.0-1,689.0-2,422.0-2,565.0-2,949.0
Free Cash Flow—-2,667.0-4,042.0-7,723.0-5,029.01,288.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)253.94
Basic Shares359.10
Market Cap91,190.4
Diluted Shares354.00
Fully Diluted Shares Outstanding354.00
Fully Diluted Market Cap89,894.8
+Consolidated Debt22,466.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-1,171.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest337.0
+Pension Liabilities—
Enterprise Value112,822.4

Segment data

Revenue

by Products and services

  • Constellation Mid Atlantic29%
  • Constellation Midwest26%
  • Constellation Other Regions25%
  • Constellation New York11%
  • Constellation Ercot9%

Revenue

by Geography

  • Constellation Mid Atlantic29%
  • Constellation Midwest26%
  • Constellation Other Regions25%
  • Constellation New York11%
  • Constellation Ercot9%

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