Every 10-Q that Constellation Energy (CEG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CEG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CEG filings page.
Constellation Energy Corporation reported sharply larger results for the six months ended June 30, 2026, driven by its acquisition of Calpine. Operating revenues were $18,626 million versus $12,889 million a year earlier, and net income attributable to common shareholders was $2,103 million compared with $957 million. Second‑quarter net income attributable to common shareholders was $513 million on operating revenues of $7,504 million.
On January 7, 2026 Constellation completed the Calpine acquisition for total consideration of $21,835 million, including 50 million shares valued at $17,603 million and $4,342 million in cash, and assumed $12,551 million of Calpine debt. The transaction added $11,107 million of goodwill and increased total assets to $98,253 million at June 30, 2026. Long‑term debt rose to $19,111 million, while shareholders’ equity increased to $31,977 million.
To satisfy Department of Justice requirements, Constellation agreed to sell six Calpine generation assets, including five PJM plants to LS Power for $5,000 million and the Brazos Valley Energy Center for $860 million, with closings expected by year‑end. The company also reported $11,855 million of future revenue from remaining performance obligations and continued to manage nuclear‑related asset retirement obligations and nuclear production tax credit pass‑throughs.
Constellation Energy Corporation reported sharply higher first‑quarter results driven by its acquisition of Calpine Corporation. For the three months ended March 31, 2026, operating revenues rose to $11,122 million from $6,788 million a year earlier, and net income attributable to common shareholders increased to $1,590 million from $118 million. Diluted earnings per share were $4.49, up from $0.38.
On January 7, 2026, Constellation completed the Calpine acquisition in a cash and stock transaction with total consideration of $21,835 million, including roughly 50 million newly issued shares valued at $17,603 million and cash of $4,342 million. The deal added about $18,481 million of property, plant and equipment and generated $11,107 million of goodwill, expanding the fleet with 23 GW of largely natural‑gas and renewable capacity and a sizable competitive retail platform.
Following the transaction, total assets increased to $96,911 million from $57,249 million at year‑end 2025, while long‑term debt rose to $16,994 million and short‑term borrowings to $5,102 million. Cash, restricted cash, and cash equivalents declined to $1,171 million after net cash used in investing activities of $3,732 million, largely from the Calpine cash component. Constellation also agreed to sell five PJM generation assets for $5.0 billion, and is progressing on remaining divestitures required under the DOJ resolution.
Constellation Energy Corporation (CEG) filed its Q3 report, showing steady sales and lower profit while advancing its planned Calpine acquisition. Operating revenues were $6,570 million versus $6,550 million a year ago. Net income attributable to common shareholders was $930 million versus $1,200 million, and diluted EPS was $2.97 versus $3.82.
For the nine months, operating revenues reached $19,459 million (from $18,186 million) with net income attributable to common shareholders of $1,887 million (from $2,897 million). Cash flows from operating activities were $3,432 million, reflecting stronger cash generation. Capital expenditures were $1,963 million. On the balance sheet, cash and cash equivalents were $3,959 million, long‑term debt was $7,269 million, and total shareholders’ equity was $14,692 million. Shares outstanding were 312,290,080 as of October 31, 2025.
Calpine transaction: CEG agreed to acquire Calpine for 50 million newly issued CEG shares and $4.5 billion in cash, and will assume approximately $12.7 billion of Calpine debt. Approvals were received from the PUCT and NYPSC in June 2025 and from the FERC in July 2025, with completion subject to expiration or termination of any agreement with the DOJ to delay consummation and other customary conditions.