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AI brief of an SEC Form 8-K · Constellation Energy (CEG)

Constellation Q4 adjusted EPS fell to $2.30 while revenue rose to $6.07 billion

Mixed Impact 3 of 5 earnings Written later

Constellation reported fourth-quarter 2025 results on February 24, 2026. Q4 operating revenues rose to $6,074 million from $5,382 million, but GAAP net income per share fell to $1.38 from $2.71 and adjusted operating earnings per share fell to $2.30 from $2.44. Full-year adjusted operating earnings per share rose to $9.39 from $8.67, while full-year GAAP earnings per share fell to $7.40 from $11.89. 2026 guidance will be discussed on a March 31, 2026 call.

Key points

  • Q4 2025 revenue of $6,074 million vs. $5,382 million in Q4 2024; Q4 GAAP net income of $432 million vs. $852 million
  • Full-year 2025 adjusted operating earnings of $9.39 per share vs. $8.67 in 2024; full-year GAAP net income of $2,319 million vs. $3,749 million
  • Calpine acquisition completed January 7, 2026; quarterly dividend of $0.4265 per share payable March 20, 2026
  • 2026 guidance to be discussed on the March 31, 2026 conference call

The filing

CompanyConstellation Energy (CEG)
Form8-K, current report
Filed with the SECFeb 24, 2026, 6:56 AM ET
Accession number0001868275-26-000029

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.