Constellation's adjusted earnings beat forecasts as it lifts its 2026 guidance
Constellation Energy earned $5.06 per share on an adjusted basis in the third quarter of 2026, above the $3.89 analysts expected. The company credits favorable market conditions and the addition of Calpine, and raised the midpoint of its full-year guidance.
The results
Q3 2026
+30.2%
Adj. earnings
+0.9%
Revenue
+10.5%
The stock
Adjusted earnings per share
Expected $3.89
$5.06
Revenue
Expected $9.47B
$9.55B
What the company expects
Constellation raised the midpoint and narrowed its full-year 2026 adjusted operating earnings guidance to $12.50 to $12.80 per share.
Results for Q3 2026, released on November 9, before the open. Expected: average of analysts' forecasts. Earnings per share under GAAP accounting rules: $5.19.
Who holds it
AI analysis
Nov 9
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