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Constellation Energy Lifts Q3 Adjusted Earnings, Narrows Outlook as Shares Fall on EPS Miss

Investors sold the stock in premarket trading after adjusted EPS missed forecasts despite a small revenue beat.

Overview

  • Adjusted operating EPS rose to $3.04 from $2.74 a year earlier, below the $3.12 consensus.
  • Revenue came in at $6.57 billion, slightly topping analyst expectations.
  • GAAP net income declined to $2.97 per share from $3.82 per share in the prior-year quarter.
  • Management tightened full-year 2025 adjusted operating EPS guidance to $9.05–$9.45.
  • Nuclear operations were a standout with 46,477 GWh produced and a 96.8% capacity factor, as the company advanced Conowingo re-licensing and prepared to close the Calpine deal.