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Form 8-K · Current Report · Filed 2024-05-09

Constellation Energy Announces First Quarter 2024 Results

Constellation Energy Corporation announced its financial results for the first quarter of 2024, reporting GAAP net income of $2.78 per share and adjusted operating earnings of $1.82 per share.

Filer
Constellation Energy Corporation CEG · NASDAQ
Filed
Accession
0001868275-24-000023
CIK
0001868275
Signal
Low impactUtilities

Details

The company affirmed its full-year adjusted operating earnings guidance of $7.23 - $8.03 per share. In April 2024, the board authorized an additional $1 billion for share repurchases, bringing the total repurchased since 2023 to $1.5 billion. The company also issued the nation's first corporate green bond, including nuclear energy.

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$208.00

Next session

+3.3%

Since filing

+26.3%

Latest close

$262.75

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CEG reporting the same item, with the next session's move:

Exhibits (2)

About Constellation Energy Corporation

Constellation Energy Corporation is a prominent energy company specializing in electricity generation and distribution across various regions. As a major player in the utility sector, its primary function is to provide reliable and efficient energy solutions to both residential and commercial customers. Constellation Energy focuses on a balanced mix of energy sources, including natural gas, wind, and solar power, reflecting its commitment to sustainability and reducing carbon footprints. The company is instrumental in influencing the transition towards cleaner energy within the utility industry. By leveraging advanced technologies and a strategic positioning in key geographic areas, Constellation Energy Corporation plays a crucial role in supplying energy to millions of customers while supporting the infrastructure that underpins modern economies. Its extensive experience and robust operational framework contribute significantly to its market significance, reinforcing its status as a vital energy provider throughout North America.

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