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CEG

Constellation Energy

Power & CoolingAI exposure: Partial

Largest US nuclear fleet; power-purchase agreements with data-center operators.

Alerts for CEG

01What does it supply?

Products, customers, and where it sits in the AI stack.

What the company does

Generates electricity, mostly nuclear, and sells it to businesses and utilities.

Its role in AI

Contracts carbon-free baseload power to hyperscalers building AI capacity.

02How much does AI matter to its business?

Partial. One line of business, or an indirect beneficiary.

Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.

Reported by the company

Does not report AI or data-center revenue separately. Signed an additional 920 MW of 15-20 year nuclear PPAs with investment-grade customers, starting 2029-2032, incl. 176 MW with Walmart.Source · Q2 2026, quarter ended June 30, 2026
GAAP net income $513 million ($1.42 per share) and Adjusted (non-GAAP) Operating Earnings $920 million ($2.55 per share), vs $599 million ($1.91) a year earlier.Source · Q2 2026, quarter ended June 30, 2026
Raised full-year 2026 Adjusted (non-GAAP) Operating Earnings guidance to $11.50-$12.50 per share; Calpine acquisition completed January 2026.Source · Guidance issued August 6, 2026 for fiscal year 2026

Estimates

No third-party or editorial estimates are listed for CEG. Only company-reported figures are shown at present.

Key financial metrics, by reporting period

Company-reported, via TradingView

03What should visitors watch next?

Earnings, product launches, customer spending, and the risks that matter.

Next earnings

No announced date on file. Check the investor relations page.

Last earnings release: 2026-08-06 (8-K)

Watch list

Progress toward restarting the Crane Clean Energy Center in 2027 following the NRC fuel license amendment and FERC interconnection-rights waiver source
Full-year 2026 Adjusted Operating Earnings versus the raised $11.50-$12.50 per share range source
Closing of the $860 million sale of the 606 MW Brazos Valley Energy Center to LS Power source

Growth drivers

CEO: momentum from advancing the Crane Clean Energy Center restart, executing long-term agreements with corporate customers, and extending the lives of two New York assets to meet growing demand for reliable power source
Long-term PPAs: 920 MW of additional 15-20 year agreements, with the Walmart deal enabling a 30 MW capacity expansion at the Dresden Clean Energy Center source
Filed to extend Ginna and Nine Mile Point Unit 1 operations to 2049 (20-year license renewals) source

Risks

Failure to successfully integrate Calpine or realize the anticipated synergies from the acquisition could adversely affect financial performance source
Volatility in power and fuel commodity prices can drive significant earnings volatility despite hedging, particularly on unhedged generation and customer-load mismatches source
Changes in nuclear regulation, licensing or NRC operational requirements could substantially raise capital and operating costs and affect plant economics source

Recent developments: SEC filings

Source: SEC EDGAR · refreshed every 15 min

10-QQuarterly report2026-08-06document folder
8-KEarnings release · items 2.02,7.01,9.012026-08-06document folder
8-KCurrent report · items 5.02,9.012026-08-05document folder
8-KCurrent report · items 8.012026-07-14document folder
8-KCurrent report · items 8.01,9.012026-06-02document folder
10-QQuarterly report2026-05-11document folder
8-KEarnings release · items 2.02,7.01,9.012026-05-11document folder
8-KCurrent report · items 5.072026-05-01document folder
8-KCurrent report · items 7.01,9.012026-03-31document folder
8-KCurrent report · items 5.02,9.012026-03-26document folder
8-KCurrent report · items 8.01,9.012026-03-20document folder
S-8Employee stock plan registration2026-03-19document folder

Insider trades

Form 4, last 6 filings

Insider	Transaction	Shares	Avg price	Filed
CRANDALL ROGER W Director	Open-market purchase · acquired	1,500	$278.62	2026-08-13
CRANDALL ROGER W Director	Grant / award · acquired	462	$267.25	2026-08-06
Rimmer Nneka Louise Director	Grant / award · acquired	556	$305.71	2026-04-30
Richardson John M Director	Grant / award · acquired	556	$305.71	2026-04-30
Paterson Eileen P. Director	Grant / award · acquired	556	$305.71	2026-04-30

News

Related companies in Power & Cooling

Original sources

Investor relations — earnings dates, releases, presentations
SEC EDGAR company page — every filing (CIK 0001868275)
TradingView symbol page — full chart and data

Research note — The Q2 2026 release (PDF on IR site) does not mention data centers, hyperscalers or AI by name; PPA counterparties other than Walmart are not disclosed. IR events page loads dynamically; no Q3 2026 call date could be verified. 10-K risk headings are paraphrased.