Filing Flows › Constellation Energy (CEG) › Q3 2026 › vs Q2 2026
Constellation Energy (CEG) Q3 2026 vs Q2 2026 (quarter over quarter)
Constellation Energy's revenue rose $2.0B (+27%) from $7.5B in Q2 2026 to $9.6B in Q3 2026. The biggest changes: Other revenues +$1.1B (+67%); Total power revenues +$938M (+18%); Gas revenues −$5.0M (-2%). Operating margin 26.1% against 7.7% (+18.4 pts).
Constellation Energy, Q3 2026: revenue $9.6B (+45% year over year), operating margin 26.1%, net earnings $1.8B, operating cash flow $3.4B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 26.1% | 7.7% | +18.4 pts |
| Net margin | 19.2% | 6.8% | +12.4 pts |
| Free cash flow margin | 26.0% | -1.6% | +27.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Total power revenues | $6.3B | $5.4B | $938M | +18% |
| Gas revenues | $322M | $327M | −$5.0M | -2% |
| Other revenues | $161M | $161M | $0 | 0% |
| Other revenues | $2.8B | $1.7B | $1.1B | +67% |
| Revenue | $9.6B | $7.5B | $2.0B | +27% |
| Operating profit | $2.5B | $580M | $1.9B | +330% |
| Costs & expenses | $7.1B | $6.9B | $134M | +2% |
| Pre-tax earnings | $2.2B | $906M | $1.3B | +147% |
| Other expense, net | $252M | −$326M | $578M | — |
| Net earnings | $1.8B | $508M | $1.3B | +261% |
| Income tax | $405M | $398M | $7.0M | +2% |
| Depreciation & amortization | $530M | $1.2B | −$636M | -55% |
| Working capital & other | $1.1B | −$546M | $1.6B | — |
| Operating cash flow | $3.4B | $1.1B | $2.3B | +204% |
| Free cash flow (OCF − capex) | $2.5B | −$118M | $2.6B | — |
| Capital expenditures | $940M | $1.2B | −$306M | -25% |
Questions
How much did Constellation Energy's revenue grow quarter over quarter in Q3 2026?
Constellation Energy's revenue rose $2.0B (+27%) from $7.5B in Q2 2026 to $9.6B in Q3 2026.
What drove Constellation Energy's revenue change in Q3 2026?
Other revenues +$1.1B (+67%); Total power revenues +$938M (+18%); Gas revenues −$5.0M (-2%).