Constellation Energy Corporation: EPS $5.06 vs $3.90 expected; revenue $9.55B vs $9.23B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 5.06 | 3.90 | +29.7% | 3.04 |
| Revenue (USD bn) | 9.55 | 9.23 | +3.4% | 6.57 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 9, 2026 | Q3 FY2026 | 5.06 | 3.90 | +29.7% | 9.55 | 9.23 | +3.4% |
| Aug 6, 2026 | Q2 FY2026 | 2.55 | 2.29 | +11.4% | 7.50 | 7.73 | −2.9% |
| May 11, 2026 | Q1 FY2026 | 2.74 | 2.56 | +7.0% | 11.12 | 8.46 | — |
| Feb 24, 2026 | Q4 FY2025 | 2.30 | 2.28 | +0.9% | 6.07 | 5.60 | +8.4% |
| Nov 7, 2025 | Q3 FY2025 | 3.04 | 3.11 | −2.3% | 6.57 | 6.20 | +5.9% |
| Aug 7, 2025 | Q2 FY2025 | 1.91 | 1.84 | +3.8% | 6.10 | 4.91 | +24.4% |
| May 6, 2025 | Q1 FY2025 | 2.14 | 2.18 | −1.8% | 6.79 | 5.56 | +22.1% |
| Feb 18, 2025 | Q4 FY2024 | 2.44 | 2.16 | +13.0% | 5.38 | 6.56 | −18.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Constellation Energy Corporation results: EPS $5.06 vs $3.90 expected; revenue $9.55B vs $9.23B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 29.7%; revenue above the estimate by 3.4%.
Revenue was up 45.4% from $6.57 billion a year earlier (Q3 FY2025). EPS was up 66.4% from $3.04 a year earlier. On its record, EPS topped analysts' estimates in 5 of 7 earlier comparable reports.
What the results mean
According to the company's results release, management raised its financial outlook.
Constellation Energy Corporation’s operating earnings benefited from favorable power market and portfolio conditions, alongside the addition of Calpine. Interest costs and nuclear production tax credits partially offset that support, highlighting the relationship between profitability, asset mix, market conditions and financing.
The Amazon and Google agreements highlight how electricity demand from the digital economy supports investment in the company’s nuclear plants and capacity expansion. Management emphasized private investment without charging existing customers for the additions, while linking electricity supply with solutions that manage peak demand.
Capital allocation combines expansion of existing nuclear plants, the agreement to acquire Rhode Island State Energy Center and share repurchases. Project execution, regulatory approvals and financing management are therefore important to translating these initiatives into a sustainable operating contribution.
What to watch on the earnings call: Calpine’s earnings contribution and generation portfolio integration, the effects of interest costs and nuclear production tax credits, execution of plant expansions linked to Amazon and Google agreements, conditions for completing the conditional government financing, approvals for the Rhode Island acquisition, and the balance between capital spending and share repurchases.
For the full analysis of Constellation Energy Corporation stock — valuation, scores and financial statements — see the stock page linked with this story.