Constellation Energy

CEG · Utilities · Market cap $96.5B

Q1 FY26 Mar 31, 2026 reported May 11, 2026

Revenue$11.1B +64% year over year

Gross profit–

Operating profit$2.3B

Net profit$1.6B 14% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	11.1	100%	+64%
Power and Power Related	6	54%	+16%
Type	4.7	42%	+201%
Capacity Revenues	0.4	4%	+3367%
Purchased power and fuel	−6.4	57%	+0pp
Operating and maintenance	−1.8	16%	+0pp
Depreciation and amortization	−0.4	4%	+0pp
Taxes other than income taxes	−0.2	2%	+0pp
Operating profit	2.3	21% margin	+14pp
Tax	−0.5
Interest & other costs	−0.2
Net profit	1.6	14%	+13pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.6	100%	+0%
Mid-Atlantic	1.8	27%
Other Power Regions	1.5	23%
Midwest	1.4	21%
Segment Reconciling Items	0.7	11%
ERCOT	0.6	9%
New York	0.6	9%
Purchased power and fuel	−3.6	54%	+0pp
Operating and maintenance	−1.5	23%	+0pp
Depreciation and amortization	−0.2	4%	+0pp
Taxes other than income taxes	−0.2	3%	+0pp
Operating profit	1.1	17% margin	−6pp
Tax	−0.5
Net profit	0.9	14%	−4pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.1	100%	+11%
Midwest	1.5	25%
Mid-Atlantic	1.4	23%
Other Power Regions	1.2	20%
Segment Reconciling Items	1	16%
New York	0.5	8%
ERCOT	0.5	8%
Purchased power and fuel	−3.2	51%	+0pp
Operating and maintenance	−1.6	27%	+0pp
Depreciation and amortization	−0.3	4%	+0pp
Taxes other than income taxes	−0.1	2%	+0pp
Operating profit	1	16% margin	−5pp
Tax	−0.5
Net profit	0.8	14%	−1pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.8	100%	+10%
Mid-Atlantic	1.7	25%
Other Power Regions	1.6	24%
Midwest	1.4	21%
Segment Reconciling Items	1.2	18%
New York	0.6	9%
ERCOT	0.4	6%
Purchased power and fuel	−4.4	65%	+0pp
Operating and maintenance	−1.5	23%	+0pp
Depreciation and amortization	−0.2	4%	+0pp
Taxes other than income taxes	−0.2	2%	+0pp
Operating profit	0.5	7% margin	−7pp
Interest & other costs	−0.4
Net profit	0.1	2%	−13pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Mar 31, 2026	May 11, 2026	$11.1B	+64%	21%	$1.6B	14%
Q3 FY25	Jul 1 – Sep 30, 2025	Nov 7, 2025	$6.6B	+0%	17%	$0.9B	14%
Q2 FY25	Apr 1 – Jun 30, 2025	Aug 7, 2025	$6.1B	+11%	16%	$0.8B	14%
Q1 FY25	Jan 1 – Mar 31, 2025	May 6, 2025	$6.8B	+10%	7%	$0.1B	2%