CONSTELLATION ENERGY CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 9,053 | 38.4 |
| Stockholders' equity | 14,517 | 61.6 |
| Total capitalization | 23,570 | 100.0 |
354,307,379 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 6 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 7,403 |
| Long-term debt, noncurrent | 7,250 |
| Current maturities | 92 |
| Short-term borrowings / commercial paper | 1,650 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,000,000,000 |
| Par or stated value per share ($) | 0 |
| Outstanding at 7/31/26 | 354,307,379 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 0.39 | 5.2 |
| 2024 | 0.35 | 3.0 |
| 2023 | 0.28 | 5.6 |
| 2022 | 0.14 | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Pennsylvania. Formerly known as Constellation Newholdco, Inc. (to 12 November 2021).
BUSINESS: Classified by the SEC under Standard Industrial Classification 4911, Electric Services. Large accelerated filer. Principal executive office: 1310 Point Street, Baltimore, MD 21231. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Operating revenues | 22,663 | 18,964 | 20,841 |
| Operation and maintenance | 6,159 | 6,159 | 5,685 |
| Depreciation and amortization | 2,601 | 2,700 | 2,514 |
| Taxes other than income taxes | 622 | 586 | 553 |
| Total operating expenses | 22,447 | 19,287 | 23,335 |
| Operating income | 3,086 | 4,352 | 1,610 |
| Interest charges | 511 | 506 | 431 |
| Income before income taxes | 3,511 | 4,516 | 2,447 |
| Income taxes | 1,187 | 774 | 859 |
| Net income | 2,319 | 3,749 | 1,623 |
| Earned per share, diluted ($) | 7.40 | 11.89 | 5.01 |
| Dividends per share ($) | 0.39 | 0.35 | 0.28 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Utility plant, net | 22,474 | 21,235 |
| Cash and equivalents | 3,641 | 3,022 |
| Total current assets | 12,119 | 10,776 |
| Total assets | 57,249 | 52,926 |
| Total current liabilities | 7,944 | 6,846 |
| Long-term debt | 7,250 | 7,384 |
| Common stockholders' equity | 14,517 | 13,166 |
| Total capitalization and liabilities | 57,249 | 52,926 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 25,533 | 3,086 | 2,319 | 9.1 | 7.40 | 0.39 | 4,237 | 2,949 | 1,288 | 57,249 | 42,396 | 9,053 | 14,517 | 16.0 | 0.62 |
| 12/31/24 | 23,568 | 4,352 | 3,749 | 15.9 | 11.89 | 0.35 | (2,464) | 2,565 | (5,029) | 52,926 | 39,387 | 8,474 | 13,166 | 28.5 | 0.64 |
| 12/31/23 | 24,918 | 1,610 | 1,623 | 6.5 | 5.01 | 0.28 | (5,301) | 2,422 | (7,723) | 50,758 | 39,472 | 9,321 | 10,925 | 14.9 | 0.85 |
| 12/31/22 | 24,440 | 495 | (160) | -0.7 | (0.49) | 0.14 | (2,353) | 1,689 | (4,042) | 46,909 | 35,537 | 5,809 | 11,018 | -1.5 | 0.53 |
| 12/31/21 | 19,649 | (346) | (205) | -1.0 | 0.00 | – | (1,338) | 1,329 | (2,667) | 48,086 | 36,472 | 7,877 | 11,219 | -1.8 | 0.70 |
| 12/31/20 | 17,603 | 256 | 589 | 3.3 | 0.00 | – | 584 | 1,747 | (1,163) | – | – | – | 14,676 | 4.0 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Constellation Energy Corp
CIK 1868275 · EIN 87-1210716
PRINCIPAL OFFICE:
1310 Point Street, Baltimore, MD 21231
Tel.: 833-883-0162
INCORPORATED:
Pennsylvania
INDUSTRY (SEC SIC CODE):
4911 · Electric Services
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 24 February 2026
FORMER NAMES:
Constellation Newholdco, Inc.
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/24/26) · 10-K FY2024 (filed 2/18/25) · 10-K FY2023 (filed 2/27/24) · 10-K FY2022 (filed 2/16/23). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.