Filing Flows › Constellation Energy (CEG) › Q1 2025
Constellation Energy (CEG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Constellation Energy (CEG) reported revenue of $6.8B for the first quarter 2025 (Q1 2025), +10% from a year earlier and +26% from the quarter before. Operating margin was 6.6%, net earnings $118M (1.7% of revenue).
Constellation Energy, Q1 2025: revenue $6.8B (+10% year over year), operating margin 6.6%, net earnings $118M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +26% | +10% |
| Operating profit | $451M | -54% | -45% |
| Net earnings | $118M | -86% | -87% |
| Operating cash flow | $107M | — | — |
What changed
Revenue was $6.8B in Q1 2025, up 10% year over year and up 26% from the previous quarter.
Operating profit was $0.45B, a 6.6% margin (down 6.6 points year over year). Operating profit fell $0.36B even though revenue rose $0.63B versus a year earlier, so costs grew faster than sales. Total costs grew 18% against revenue growth of 10%. Net earnings were $0.12B, down 87% year over year. The effective tax rate was 14.6%.
Operating cash flow was $0.11B, 83% of net income including minority interests. Non-cash charges added back $0.64B of depreciation and amortization. Working capital and other items used $0.66B. Capital expenditures of $0.81B exceeded it, leaving free cash flow of −$0.70B.
Questions
What was Constellation Energy's revenue in the first quarter 2025?
Constellation Energy (CEG) reported revenue of $6.8B for the first quarter 2025 (Q1 2025), +10% from a year earlier and +26% from the quarter before.
Was Constellation Energy profitable in the first quarter 2025?
Operating profit was $451M (6.6% of revenue) and net earnings $118M.