CEG
Constellation EnergyLargest US nuclear fleet; power-purchase agreements with data-center operators.
Next earnings: Constellation Energy has not announced its next earnings date. Its last earnings release was filed with the SEC on August 6, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead. Last earnings release on EDGAR
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.
Why CEG is rated partial
Partial. Constellation's Q2 2026 release does not mention data centers or AI; it reports 920 MW of new 15-20 year nuclear power-purchase agreements starting 2029-2032, of which only the 176 MW with Walmart is named. The nuclear fleet's value to AI buyers is the thesis; the reported revenue is ordinary power sales.
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 TradingView03What should visitors watch next?
Earnings, product launches, customer spending, and the risks that matter.
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 report2026-08-06documentfolder
- 8-KEarnings release · items 2.02,7.01,9.012026-08-06documentfolder
- 8-KCurrent report · items 5.02,9.012026-08-05documentfolder
- 8-KCurrent report · items 8.012026-07-14documentfolder
- 8-KCurrent report · items 8.01,9.012026-06-02documentfolder
- 10-QQuarterly report2026-05-11documentfolder
- 8-KEarnings release · items 2.02,7.01,9.012026-05-11documentfolder
- 8-KCurrent report · items 5.072026-05-01documentfolder
- 8-KCurrent report · items 7.01,9.012026-03-31documentfolder
- 8-KCurrent report · items 5.02,9.012026-03-26documentfolder
- 8-KCurrent report · items 8.01,9.012026-03-20documentfolder
- S-8Employee stock plan registration2026-03-19documentfolder
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 |
News
CEG in plain answers
The questions readers ask about Constellation Energy, answered from the company's own filings and this site's research. Each answer names its source.
What does Constellation Energy (CEG) supply to AI?+
Generates electricity, mostly nuclear, and sells it to businesses and utilities. Contracts carbon-free baseload power to hyperscalers building AI capacity.
How much does AI matter to Constellation Energy's business?+
AI exposure is rated partial on this site: One line of business, or an indirect beneficiary. 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. 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.
Company filing or releaseWhen is Constellation Energy's next earnings date?+
Constellation Energy has not announced its next earnings date. Its last earnings release was filed with the SEC on August 6, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead.
Last earnings release on EDGARAre Constellation Energy insiders buying or selling CEG stock?+
In the latest Form 4 filings for CEG there are 1 open-market purchase, 2 other transactions (grants, option exercises, tax withholding); the most recent was filed on August 13, 2026 by CRANDALL ROGER W. Every transaction links to the filing on SEC EDGAR below.
Most recent Form 4What should investors watch for CEG?+
Progress toward restarting the Crane Clean Energy Center in 2027 following the NRC fuel license amendment and FERC interconnection-rights waiver Full-year 2026 Adjusted Operating Earnings versus the raised $11.50-$12.50 per share range Closing of the $860 million sale of the 606 MW Brazos Valley Energy Center to LS Power
SourceWhat are the main risks for Constellation Energy?+
Failure to successfully integrate Calpine or realize the anticipated synergies from the acquisition could adversely affect financial performance Volatility in power and fuel commodity prices can drive significant earnings volatility despite hedging, particularly on unhedged generation and customer-load mismatches Changes in nuclear regulation, licensing or NRC operational requirements could substantially raise capital and operating costs and affect plant economics
Annual report, Item 1AWhich AI category is CEG in?+
Constellation Energy is listed under Power & Cooling. Largest US nuclear fleet; power-purchase agreements with data-center operators.
Related companies in Power & Cooling
Compare all →Original sources
- Investor relations — earnings dates, releases, presentations
- SEC EDGAR company page — every filing (CIK 0001868275)
- TradingView symbol page — full chart and data