Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, renewable energy, and other energy-related products and services. The company has 32,400 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.

Constellation Energy Corporation

Operating Revenues

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Operating Revenues from Affiliates

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Total Operating Revenues

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Purchased Power and Fuel

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Purchased Power and Fuel from Affiliates

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Operating and Maintenance

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Operating and Maintenance from Affiliates

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Depreciation and Amortization

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Taxes Other Than Income Taxes

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Total Operating Expenses

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Gain on Sales of Assets and Businesses

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Operating Income

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Interest Expense, Net

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Interest Expense to Affiliates

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Other, Net

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Total Other Income

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Income Before Income Taxes

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Income Tax Expense

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Equity in Income of Unconsolidated Affiliates

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Net Income

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Net Income Attributable to Noncontrolling Interests

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Net Income Attributable to Common Shareholders

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Basic

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Assumed Exercise and/or Distributions of Stock-Based Awards

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Diluted

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Total Revenues

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Fuel and Purchased Power Expense

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Operations and Maintenance Expenses

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Gross Profit

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Gross Profit Margin

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Depreciation & Amortization Expenses

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Taxes Other than Income Tax

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Net Gains on Disposal of Operating Assets

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Operating Profit

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Operating Margin

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Interest Expense

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Provision for Income Taxes

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Consolidated Net Income

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Net Income Attributable to Minority Interests and Other

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Net Income Attributable to Minority Interests and Other Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Total Revenues	12,889	23,568	11,637	24,918	13,011
Total Revenues %Chg	10.8%	-5.4%	-10.6%	86.2%	17.7%
Operating Revenues
Operating Revenues from Affiliates
Fuel and Purchased Power Expense	7,516	5,710	5,709	7,385	8,616
Purchased Power and Fuel
Purchased Power and Fuel from Affiliates
Operations and Maintenance Expenses	3,162	3,028	3,131	2,777	2,908
Operating and Maintenance
Operating and Maintenance from Affiliates
Gross Profit	2,211	14,830	2,797	14,756	1,487
Gross Profit Margin	17.2%	62.9%	24%	59.2%	11.4%
Depreciation & Amortization Expenses	502	521	602	554	542
Depreciation and Amortization
Taxes Other than Income Tax	307	304	282	282	271
Taxes Other Than Income Taxes
Net Gains on Disposal of Operating Assets	—	71	—	1	26
Operating Profit	1,402	2,439	1,913	910	700
Operating Income
Operating Margin	10.9%	10.3%	16.4%	3.7%	5.4%
Interest Expense	-264	-237	-269	-221	-210
Interest Expense, Net
Interest Expense to Affiliates
Non-Operating Income	286	302	368	349	919
Other, Net
Total Non-Operating Income	22	65	99	128	709
Income Before Provision for Income Taxes	1,424	2,504	2,012	1,038	1,409
Income Before Income Taxes
Provision for Income Taxes	462	456	318	387	472
Income Tax Expense
Consolidated Net Income	962	2,046	1,692	651	926
Net Income
Net Income Attributable to Minority Interests and Other	7	-4	-3	-43	8
Net Income Attributable to Noncontrolling Interests
Equity in Income of Unconsolidated Affiliates
Net Income Attributable to Common Shareholders	957	2,052	1,697	694	929
Net Income Attributable to Common Shareholders
Basic EPS	3.1	6.5	5.4	2.2	2.9
Diluted EPS	3.1	6.5	5.4	2.2	2.8
Basic Weighted Average Shares Outstanding	314	314	316	320	326
Total Shares Outstanding	312.4	312.8	313.2	317.5	321.6
Diluted Weighted Average Shares Outstanding	314	315	317	321	327
EBITDA	2,702	3,751	3,301	2,205	1,919
Effective Tax Rate	32.4%	18.2%	15.8%	37.3%	33.5%