earnings
confidence high
sentiment positive
materiality 0.80
Constellation Q1 GAAP EPS $2.78, adjusted $1.82; reaffirms FY2024 guidance $7.23-$8.03
CONSTELLATION ENERGY GENERATION LLC
- GAAP net income $883M ($2.78/share) vs $96M ($0.29) YoY; adjusted operating earnings $579M ($1.82) vs $256M ($0.78).
- Board added $1B to share repurchase authorization; deployed ~$500M in Q1, cumulative $1.5B since program start.
- Moody's upgraded issuer credit rating to Baa1 from Baa2 with stable outlook.
- Issued $900M 30-year green bond — first US corporate bond including nuclear energy proceeds.
- Nuclear fleet capacity factor 93.3% (excl. Salem/STP); produced 45,391 GWh (up 7% YoY).