Financial Performance - Q3 2025 GAAP earnings were $2.97 per share[11], while Adjusted Operating Earnings* were $3.04 per share[11] - The company narrowed its standalone Adjusted Operating Earnings* guidance range to $9.05 - $9.45 per share[11] - Constellation's nuclear fleet operated at nearly full power over the summer, providing clean, reliable energy for approximately 16 million homes[11] - The company generated approximately 47.2 TWh of emissions-free electricity, avoiding approximately 31.7 million metric tons of carbon dioxide[24] Strategic Initiatives and Growth - The Calpine acquisition remains on track to close in Q4[11] - Constellation reached a historic settlement with Maryland to provide clean energy from the Conowingo Dam for another 50 years[11] - The company filed for expedited permitting of up to 1,500 MWs in Maryland to support reliability[11, 16] - A five-year credit facility increased to $7.0 billion, maturing September 2030[35] Nuclear Energy and Policy Support - Recent polling indicates that 72% of U.S adults favor nuclear energy, with 87% supporting license renewals and 64% agreeing with building new nuclear[14] - New York supports new and existing nuclear, with Governor Hochul calling for adding 1 GW of new nuclear in New York[14]
stellation Energy (CEG) - 2025 Q3 - Earnings Call Presentation