Constellation Energy Corporation · CEG · Next earnings

Constellation Energy Corporation reports Monday, Nov 9, 2026

CEG reports before market open with consensus EPS at $3.88 and revenue at $9.23B. Last quarter: Constellation raises guidance as nuclear contracts and co-location advance

Reports Before market open5 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $3.88 Calendar consensus
Consensus revenue $9.23B Calendar consensus
Report date Nov 9, 2026 Monday, date estimated
Session Before market open 5 days away

Where CEG left off: FY2026 Q2

Full report

Constellation raises guidance as nuclear contracts and co-location advance

EPS surprise +11.4% Reported $2.55 vs $2.29
Revenue surprise -2.9% Reported $7.50B vs $7.73B
Stock move -1.5% Event window
Subsequent drift +9.2% Up to 20 sessions

Management raised full-year guidance to $11.50-$12.50 per share from the prior quarter's maintained outlook of $11-$12 per share.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential regulatory delays in PJM/FERC rulemaking.
  • Planned nuclear refueling outages reducing capacity factor.
  • Timing variability of Illinois ZEC program revenue.
  • Market volatility in ERCOT and soft power prices.
  • Reliance on long-term contract pricing ranges.

Questions analysts left open

  • Pricing range and terms of new nuclear contracts.
  • Details and timeline of the PJM bilateral process and RBP auction.
  • ERCOT Batch Zero process, power price outlook, and battery storage impact.
  • Future capital allocation beyond share buybacks.
  • Clarity on co-location rule implementation timeline.

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Recent CEG quarters

All CEG earnings
-1.5%FY2026 Q2-1.3%FY2026 Q1+6.4%FY2025 Q4+2.0%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.