Filing Flows › Constellation Energy (CEG) › Q2 2026 › vs Q2 2025
Constellation Energy (CEG) Q2 2026 vs Q2 2025 (year over year)
Constellation Energy's revenue rose $1.4B (+23%) from $6.1B in Q2 2025 to $7.5B in Q2 2026. The biggest changes: Other revenues +$721M (+77%); Total Power revenues +$605M (+13%); Other revenues +$71.0M (+79%). Operating margin 7.7% against 15.6% (-7.9 pts).
Constellation Energy, Q2 2026: revenue $7.5B (+23% year over year), operating margin 7.7%, net earnings $513M, operating cash flow $1.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.7% | 15.6% | -7.9 pts |
| Net margin | 6.8% | 13.8% | -6.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Total Power revenues | $5.4B | $4.8B | $605M | +13% |
| Gas revenues | $327M | $321M | $6.0M | +2% |
| Other revenues | $161M | $90.0M | $71.0M | +79% |
| Other revenues | $1.7B | $940M | $721M | +77% |
| Revenue | $7.5B | $6.1B | $1.4B | +23% |
| Other income, net | $326M | $322M | $4.0M | +1% |
| Operating profit | $580M | $951M | −$371M | -39% |
| Costs & expenses | $6.9B | $5.2B | $1.8B | +34% |
| Pre-tax earnings | $906M | $1.3B | −$367M | -29% |
| Loss borne by minority interests | $5.0M | $6.0M | −$1.0M | -17% |
| Net earnings | $513M | $839M | −$326M | -39% |
| Income tax | $398M | $440M | −$42.0M | -10% |
| Operating cash sources | $1.7B | $1.5B | $180M | +12% |
| Depreciation & amortization | $1.2B | $660M | $506M | +77% |
| Working capital & other | $551M | $22.0M | $529M | 25× |
| Operating cash flow | $1.1B | $1.5B | −$349M | -24% |
| Capital expenditures | $1.2B | $767M | $479M | +62% |
| Negative free cash flow (OCF − capex) | $118M | −$710M | $828M | — |
Questions
How much did Constellation Energy's revenue grow year over year in Q2 2026?
Constellation Energy's revenue rose $1.4B (+23%) from $6.1B in Q2 2025 to $7.5B in Q2 2026.
What drove Constellation Energy's revenue change in Q2 2026?
Other revenues +$721M (+77%); Total Power revenues +$605M (+13%); Other revenues +$71.0M (+79%).