Constellation Energy beats Q2 adjusted EPS estimates, raises FY adj operating earnings guidance
CEG•Outlook
- Constellation raises full-year adj operating earnings guidance to $11.50-$12.50 per share
- Company says it remains focused on integrating Calpine and capturing value from expanded fleet
- Constellation expects strong balance sheet and generation portfolio to support growth commitments
Overview
- U.S. power producer's Q2 adjusted EPS rose and beat analyst expectations
- Q2 adjusted operating income missed analyst consensus
- Company raised full-year adjusted EPS guidance and agreed to divest Brazos Valley Energy Center
Result drivers
- Calpine acquisition - Co said higher adjusted operating earnings were driven by the addition of Calpine and favorable market and portfolio conditions, partially offset by unfavorable nuclear outages
- Nuclear outages - Increased planned refueling outage days led to lower nuclear output and capacity factor
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
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