Security
Constellation Energy Corporation Common Stock · CEG
CEGNASDAQCommon stockCurrentCIK 1868275Updated Oct 16, 2026
Name history
Constellation Newholdco, Inc. · through Nov 12, 2021
CEG price & chart
Loading TradingView…
NASDAQ:CEG on TradingView ↗About the company
We are 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, 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 more than 2.5 million homes, businesses and public sector customers nationwide, including three-fourths 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.
In the news
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 56,161,000,000Source | 51,834,000,000Source | 98,253,000,000Source | 53,038,000,000Source | 51,340,000,000Source | 96,911,000,000Source | 52,252,000,000Source | 52,014,000,000Source | 57,249,000,000Source | 52,926,000,000Source | 50,758,000,000Source | 46,909,000,000Source |
| Property, Plant and Equipment, NetUSD | 21,990,000,000Source | 20,892,000,000Source | 41,228,000,000Source | 21,820,000,000Source | 21,973,000,000Source | 40,769,000,000Source | 21,566,000,000Source | 22,446,000,000Source | 22,474,000,000Source | 21,235,000,000Source | 22,116,000,000Source | 19,822,000,000Source |
| GoodwillUSD | 420,000,000Source | 420,000,000Source | 11,527,000,000Source | 420,000,000Source | 420,000,000Source | 11,527,000,000Source | 420,000,000Source | 425,000,000Source | 420,000,000Source | 420,000,000Source | 425,000,000Source | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,959,000,000Source | 1,793,000,000Source | 697,000,000Source | 1,974,000,000Source | 311,000,000Source | 800,000,000Source | 1,846,000,000Source | 562,000,000Source | 3,641,000,000Source | 3,022,000,000Source | 368,000,000Source | 422,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,168,000,000Source | 1,208,000,000Source | 4,661,000,000Source | 2,947,000,000Source | 1,578,000,000Source | 4,414,000,000Source | 3,193,000,000Source | 1,855,000,000Source | 4,266,000,000Source | 3,116,000,000Source | 1,934,000,000Source | 2,585,000,000Source |
| Inventory, NetUSD | — | — | 3,368,000,000Source | — | — | 2,582,000,000Source | — | — | 1,736,000,000Source | — | — | — |
| Assets, CurrentUSD | 11,649,000,000Source | 9,270,000,000Source | 18,965,000,000Source | 9,233,000,000Source | 7,852,000,000Source | 18,009,000,000Source | 9,631,000,000Source | 8,460,000,000Source | 12,119,000,000Source | 10,776,000,000Source | 8,299,000,000Source | 9,360,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 371,000,000Source | 436,000,000Source | 494,000,000Source | 545,000,000Source |
| Other Assets, NoncurrentUSD | 2,231,000,000Source | 2,297,000,000Source | 4,300,000,000Source | 2,351,000,000Source | 2,610,000,000Source | 5,127,000,000Source | 2,292,000,000Source | 2,332,000,000Source | 2,450,000,000Source | 2,178,000,000Source | 1,910,000,000Source | 2,106,000,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 41,469,000,000Source | 38,893,000,000Source | 65,931,000,000Source | 39,235,000,000Source | 39,559,000,000Source | 63,091,000,000Source | 38,918,000,000Source | 40,454,000,000Source | 42,396,000,000Source | 39,387,000,000Source | 39,472,000,000Source | 35,537,000,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 11,022,000,000Source | 11,379,000,000Source | 26,683,000,000Source | 10,939,000,000Source | 11,350,000,000Source | 28,574,000,000Source | 11,203,000,000Source | 11,847,000,000Source | 11,043,000,000Source | 11,402,000,000Source | 12,355,000,000Source | 13,274,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 5,588,000,000Source | 3,325,000,000Source | 7,692,000,000Source | 4,779,000,000Source | 2,236,000,000Source | 7,334,000,000Source | 4,062,000,000Source | 1,532,000,000Source | 5,899,000,000Source | 4,066,000,000Source | 761,000,000Source | -496,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -2,260,000,000Source | -2,134,000,000Source | -2,398,000,000Source | -2,272,000,000Source | -2,161,000,000Source | -2,425,000,000Source | -2,309,000,000Source | -2,180,000,000Source | -2,425,000,000Source | -2,302,000,000Source | -2,191,000,000Source | -1,760,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 14,350,000,000Source | 12,570,000,000Source | 31,977,000,000Source | 13,446,000,000Source | 11,425,000,000Source | 33,483,000,000Source | 12,956,000,000Source | 11,199,000,000Source | 14,517,000,000Source | 13,166,000,000Source | 10,925,000,000Source | 11,018,000,000Source |
| Liabilities and EquityUSD | 56,161,000,000Source | 51,834,000,000Source | 98,253,000,000Source | 53,038,000,000Source | 51,340,000,000Source | 96,911,000,000Source | 52,252,000,000Source | 52,014,000,000Source | 57,249,000,000Source | 52,926,000,000Source | 50,758,000,000Source | 46,909,000,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 7,455,000,000Source | 5,452,000,000Source | 13,032,000,000Source | 6,256,000,000Source | 5,801,000,000Source | 13,215,000,000Source | 6,545,000,000Source | 5,922,000,000Source | 7,944,000,000Source | 6,846,000,000Source | 6,319,000,000Source | 7,839,000,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | — | 72,000,000Source | 72,000,000Source | 67,000,000Source | 67,000,000Source |
| Accounts Payable, CurrentUSD | 2,509,000,000Source | 1,302,000,000Source | 2,458,000,000Source | 2,446,000,000Source | 1,360,000,000Source | 2,708,000,000Source | 2,498,000,000Source | 1,309,000,000Source | 2,813,000,000Source | 2,369,000,000Source | 1,302,000,000Source | 2,828,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | — | — | — | — | — | — | 433,000,000Source | 511,000,000Source | 583,000,000Source | 643,000,000Source |
| Other Liabilities, NoncurrentUSD | 1,294,000,000Source | 2,028,000,000Source | 4,304,000,000Source | 1,148,000,000Source | 1,640,000,000Source | 4,508,000,000Source | 1,215,000,000Source | 1,393,000,000Source | 2,740,000,000Source | 1,219,000,000Source | 1,125,000,000Source | 1,178,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 342,000,000Source | 371,000,000Source | 345,000,000Source | 357,000,000Source | 356,000,000Source | 337,000,000Source | 378,000,000Source | 361,000,000Source | 336,000,000Source | 373,000,000Source | 361,000,000Source | 354,000,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 906,000,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 3,235,000,000Source | 3,006,000,000Source | 2,818,000,000Source | 2,633,000,000Source |
| Long-term DebtUSD | — | — | — | — | — | — | — | — | 7,403,000,000Source | 8,474,000,000Source | 7,677,000,000Source | 4,650,000,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | 363,000,000Source | — | — | 370,000,000Source | — | — | 92,000,000Source | 1,028,000,000Source | 121,000,000Source | 143,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 7,269,000,000Source | 7,378,000,000Source | 19,111,000,000Source | 7,286,000,000Source | 7,409,000,000Source | 16,994,000,000Source | 7,321,000,000Source | 8,352,000,000Source | 7,250,000,000Source | 7,384,000,000Source | 7,496,000,000Source | 4,466,000,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 929,000,000Source | 1,196,000,000Source | 508,000,000Source | 833,000,000Source | 1,603,000,000Source | 129,000,000Source | 2,323,000,000Source | 3,738,000,000Source | 1,577,000,000Source | -318,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -106,000,000Source | -98,000,000Source | 134,000,000Source | 99,000,000Source | -60,000,000Source | 228,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 425,000,000Source | 107,000,000Source | 4,237,000,000Source | -2,464,000,000Source | -5,301,000,000Source | -2,353,000,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 2,537,000,000Source | 0Source | 14,000,000Source | 32,000,000Source | 1,690,000,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -3,732,000,000Source | -886,000,000Source | -3,198,000,000Source | 7,428,000,000Source | 3,031,000,000Source | 3,104,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | -148,000,000Source | 12,000,000Source | -103,000,000Source | -85,000,000Source | -7,000,000Source | 2,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 1,275,000,000Source | 806,000,000Source | 2,949,000,000Source | 2,565,000,000Source | 2,422,000,000Source | 1,689,000,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | 0Source | 400,000,000Source | 999,000,000Source | 992,000,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 730,000,000Source | -408,000,000Source | -420,000,000Source | -2,289,000,000Source | 2,196,000,000Source | -799,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 155,000,000Source | 122,000,000Source | 486,000,000Source | 444,000,000Source | 366,000,000Source | 185,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -88,000,000Source | -229,000,000Source | -108,000,000Source | -1,000,000Source | 42,000,000Source | -35,000,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 5,254,000,000Source | 57,000,000Source | 1,076,000,000Source | 121,000,000Source | 168,000,000Source | 1,162,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 4,091,000,000Source | 1,882,000,000Source | 1,077,000,000Source | 2,062,000,000Source | 1,171,000,000Source | 1,942,000,000Source | 3,748,000,000Source | 3,129,000,000Source | 454,000,000Source | 528,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 412,000,000Source | 375,000,000Source | 264,000,000Source | 230,000,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 446,000,000Source | 436,000,000Source | 466,000,000Source | 287,000,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 385,000,000Source | 332,000,000Source | 178,000,000Source | 116,000,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 7,000,000Source | 5,000,000Source | 18,000,000Source | 60,000,000Source | 58,000,000Source | 61,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | 174,000,000Source | 158,000,000Source | 647,000,000Source | 655,000,000Source | 596,000,000Source | 543,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | -1,000,000Source | -6,000,000Source | 0Source | -6,000,000Source |
| DepreciationUSD | — | — | — | — | — | — | 436,000,000Source | 243,000,000Source | 967,000,000Source | 1,101,000,000Source | 1,073,000,000Source | 1,065,000,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | — | — | — | — | — | 1,202,000,000Source | 640,000,000Source | 2,601,000,000Source | 2,700,000,000Source | 2,514,000,000Source | 2,427,000,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | — | — | — | — | — | — | -27,000,000Source | -268,000,000Source | -279,000,000Source | 11,000,000Source | 307,000,000Source | -13,000,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | — | 19,000,000Source | -104,000,000Source | 3,000,000Source | -7,000,000Source | -27,000,000Source | -268,000,000Source | -304,000,000Source | 11,000,000Source | 307,000,000Source | -13,000,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | — | -27,000,000Source | 1,000,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | — | — | 0Source | 2,000,000Source | 2,000,000Source | 0Source | 14,000,000Source | 0Source | 0Source | 71,000,000Source | 27,000,000Source | 1,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | — | — | — | — | — | — | — | 50,000,000Source |
| GoodwillUSD | — | — | 420,000,000Source | 420,000,000Source | 11,527,000,000Source | 420,000,000Source | 11,527,000,000Source | 420,000,000Source | 420,000,000Source | 420,000,000Source | 425,000,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 0Source | 0Source | 6,000,000Source | 0Source | 8,000,000Source | 0Source | -1,000,000Source | -4,000,000Source | -11,000,000Source | -13,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 466,000,000Source | 449,000,000Source | 398,000,000Source | 440,000,000Source | 530,000,000Source | 22,000,000Source | 1,187,000,000Source | 774,000,000Source | 859,000,000Source | -388,000,000Source |
| InterestExpenseNonoperatingUSD | — | — | 134,000,000Source | 147,000,000Source | 283,000,000Source | 118,000,000Source | 253,000,000Source | 146,000,000Source | 511,000,000Source | 506,000,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 930,000,000Source | 1,200,000,000Source | 513,000,000Source | 839,000,000Source | 1,590,000,000Source | 118,000,000Source | 2,319,000,000Source | 3,749,000,000Source | 1,623,000,000Source | -160,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -1,000,000Source | -4,000,000Source | -5,000,000Source | -6,000,000Source | 13,000,000Source | 11,000,000Source | 4,000,000Source | -11,000,000Source | -46,000,000Source | -7,000,000Source |
| Nonoperating Income (Expense)USD | — | — | 309,000,000Source | 178,000,000Source | 320,000,000Source | 322,000,000Source | -207,000,000Source | -300,000,000Source | 425,000,000Source | 164,000,000Source | 837,000,000Source | -1,037,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 443,000,000Source | 325,000,000Source | 603,000,000Source | 440,000,000Source | 46,000,000Source | -154,000,000Source | 936,000,000Source | 670,000,000Source | 1,268,000,000Source | -786,000,000Source |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 1,750,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 2,770,000,000Source | 0Source | 0Source | 920,000,000Source | 3,195,000,000Source | 14,000,000Source |
| Real Estate Tax ExpenseUSD | — | — | 74,000,000Source | 76,000,000Source | 90,000,000Source | 71,000,000Source | 102,000,000Source | 72,000,000Source | 289,000,000Source | 285,000,000Source | 253,000,000Source | 274,000,000Source |
| Restructuring CostsUSD | — | — | — | — | — | — | — | — | — | — | 2,000,000Source | -1,000,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | — | — | — | — | — | 25,533,000,000Source | — | — | 24,280,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | 1,040,000,000Source | -356,000,000Source | -645,000,000Source | 1,297,000,000Source | -996,000,000Source | -986,000,000Source |
| Operating Lease, Lease Income | — | — | — | —Source | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 5,703,000,000Source | 4,773,000,000Source | 5,843,000,000Source | 5,161,000,000Source | 7,541,000,000Source | 6,106,000,000Source | 22,663,000,000Source | 18,964,000,000Source | 20,841,000,000Source | 24,440,000,000Source |
| Operating Income (Loss)USD | — | — | 1,086,000,000Source | 1,467,000,000Source | 580,000,000Source | 951,000,000Source | 2,332,000,000Source | 451,000,000Source | 3,086,000,000Source | 4,352,000,000Source | 1,610,000,000Source | 495,000,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 443,000,000Source | 325,000,000Source | 603,000,000Source | 440,000,000Source | 46,000,000Source | -154,000,000Source | 936,000,000Source | 670,000,000Source | 1,268,000,000Source | -786,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 466,000,000Source | 449,000,000Source | 398,000,000Source | 440,000,000Source | 530,000,000Source | 22,000,000Source | 1,187,000,000Source | 774,000,000Source | 859,000,000Source | -388,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -1,000,000Source | -4,000,000Source | -5,000,000Source | -6,000,000Source | 13,000,000Source | 11,000,000Source | 4,000,000Source | -11,000,000Source | -46,000,000Source | -7,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 930,000,000Source | 1,200,000,000Source | 513,000,000Source | 839,000,000Source | 1,590,000,000Source | 118,000,000Source | 2,319,000,000Source | 3,749,000,000Source | 1,623,000,000Source | -160,000,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 2.98Source | 3.83Source | 1.42Source | 2.67Source | 4.49Source | 0.38Source | 7.4Source | 11.91Source | 5.02Source | -0.49Source |
| Earnings Per Share, DilutedUSD per share | — | — | 2.97Source | 3.82Source | 1.42Source | 2.67Source | 4.49Source | 0.38Source | 7.4Source | 11.89Source | 5.01Source | -0.49Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 313,000,000Source | 313,000,000Source | 360,000,000Source | 314,000,000Source | 354,000,000Source | 313,000,000Source | 313,000,000Source | 315,000,000Source | 323,000,000Source | 328,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 313,000,000Source | 314,000,000Source | 360,000,000Source | 314,000,000Source | 354,000,000Source | 314,000,000Source | 314,000,000Source | 315,000,000Source | 324,000,000Source | 329,000,000Source |
| Interest Expense (non-operating)USD | — | — | 134,000,000Source | 147,000,000Source | 283,000,000Source | 118,000,000Source | 253,000,000Source | 146,000,000Source | 511,000,000Source | 506,000,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 7,000,000Source | 5,000,000Source | 18,000,000Source | 60,000,000Source | 58,000,000Source | 61,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.39Source | 0.35Source | 0.43Source | 0.39Source | 0.43Source | 0.39Source | 0.39Source | 0.35Source | 0.28Source | 0.14Source |
| Cost, Depreciation and AmortizationUSD | — | — | 241,000,000Source | 266,000,000Source | 443,000,000Source | 254,000,000Source | 443,000,000Source | 248,000,000Source | 985,000,000Source | 1,123,000,000Source | 1,096,000,000Source | 1,091,000,000Source |
| Costs and ExpensesUSD | — | — | 5,484,000,000Source | 5,085,000,000Source | 6,926,000,000Source | 5,150,000,000Source | 8,804,000,000Source | 6,337,000,000Source | 22,447,000,000Source | 19,287,000,000Source | 23,335,000,000Source | 23,946,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | — | — | — | — | — | — | -1,000,000Source | -6,000,000Source | 0Source | -6,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | — | — | — | — | — | — | — | 50,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 0Source | 0Source | 6,000,000Source | 0Source | 8,000,000Source | 0Source | -1,000,000Source | -4,000,000Source | -11,000,000Source | -13,000,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 431,000,000Source | 250,000,000Source |
| Nonoperating Income (Expense)USD | — | — | 309,000,000Source | 178,000,000Source | 320,000,000Source | 322,000,000Source | -207,000,000Source | -300,000,000Source | 425,000,000Source | 164,000,000Source | 837,000,000Source | -1,037,000,000Source |
| Real Estate Tax ExpenseUSD | — | — | 74,000,000Source | 76,000,000Source | 90,000,000Source | 71,000,000Source | 102,000,000Source | 72,000,000Source | 289,000,000Source | 285,000,000Source | 253,000,000Source | 274,000,000Source |
| Restructuring CostsUSD | — | — | — | — | — | — | — | — | — | — | 2,000,000Source | -1,000,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | — | — | — | — | — | 25,533,000,000Source | — | — | 24,280,000,000Source |
| Taxes, MiscellaneousUSD | — | — | 165,000,000Source | 165,000,000Source | 207,000,000Source | 147,000,000Source | 229,000,000Source | 160,000,000Source | 622,000,000Source | 586,000,000Source | 553,000,000Source | 552,000,000Source |
| Utilities Operating Expense, Maintenance, Operations, and Other Costs and ExpensesUSD | — | — | 1,511,000,000Source | 1,535,000,000Source | 2,253,000,000Source | 1,617,000,000Source | 1,780,000,000Source | 1,545,000,000Source | 6,159,000,000Source | 6,159,000,000Source | 5,685,000,000Source | 4,797,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | — | —Source | — | — | — | — |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | — | —Source | — | — | — | — | — | — | — | — |
| Operating Lease, Lease Income | — | — | — | —Source | — | — | — | — | — | — | — | — |
Offerings
Registration 333-292608
- Gross proceeds
- 3091000000.0
- Net proceeds
- 3069000000.0
- Deal price
- 281.0
- Shares
- 11000000
- Offering price
- $281.00
- Ticker
- CEG
Underwriters: Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC
Filing attachments
tm2611747d1_ex99-1.htm · 8-K/A · 2026-04-20
Exhibit 99.1 Annual Report for the year ended December 31, 2025 ______________________ Calpine Corporation (A Delaware Corporation) I.R.S. Employer Identification No. 77-0212977 717 Texas Avenue, Suite 1000, Houston, Texas 77002 Telephone: (713) 830-2000 CALPINE CORPORATION AND SUBSIDIARIES ANNUAL REPORT For the Year Ended December 31, 2025 TABLE OF CONTENTS Page Item 1. Business Overview viii Item 2. Financial Statements and Unaudited Supplementary Data 10 Signatures 11 Index of Consolidated …
Read attachment ↗tm2611747d1_ex99-2.htm · 8-K/A · 2026-04-20
Exhibit 99.2 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION On January 7, 2026 (the "Closing Date"), Constellation Energy Corporation, a Pennsylvania corporation ("CEG Parent") and Constellation Energy Generation, LLC (“Constellation”, together with CEG Parent, the "Company") completed the acquisition of Calpine Corporation, a Delaware corporation ("Calpine"). As a result of the transactions contemplated by the Agreement and Plan of Merger, dated January 10, 2025 ("the Merger Agre…
Read attachment ↗