Filing Flows › Constellation Energy (CEG) › Q3 2026 › vs Q3 2025
Constellation Energy (CEG) Q3 2026 vs Q3 2025 (year over year)
Constellation Energy's revenue rose $3.0B (+45%) from $6.6B in Q3 2025 to $9.6B in Q3 2026. The biggest changes: Other revenues +$1.9B (+220%); Total power revenues +$940M (+18%); Other revenues +$67.0M (+71%). Operating margin 26.1% against 16.5% (+9.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 26.1% | 16.5% | +9.6 pts |
| Net margin | 19.2% | 14.1% | +5.1 pts |
| Free cash flow margin | 26.0% | 22.2% | +3.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Total power revenues | $6.3B | $5.4B | $940M | +18% |
| Gas revenues | $322M | $256M | $66.0M | +26% |
| Other revenues | $161M | $94.0M | $67.0M | +71% |
| Other revenues | $2.8B | $867M | $1.9B | +220% |
| Revenue | $9.6B | $6.6B | $3.0B | +45% |
| Operating profit | $2.5B | $1.1B | $1.4B | +129% |
| Costs & expenses | $7.1B | $5.5B | $1.6B | +29% |
| Pre-tax earnings | $2.2B | $1.4B | $845M | +61% |
| Other expense, net | $252M | −$309M | $561M | — |
| Net earnings | $1.8B | $929M | $906M | +98% |
| Income tax | $405M | $466M | −$61.0M | -13% |
| Depreciation & amortization | $530M | $645M | −$115M | -18% |
| Working capital & other | $1.1B | $274M | $787M | +287% |
| Operating cash flow | $3.4B | $1.8B | $1.6B | +85% |
| Free cash flow (OCF − capex) | $2.5B | $1.5B | $1.0B | +71% |
| Capital expenditures | $940M | $390M | $550M | +141% |
Questions
How much did Constellation Energy's revenue grow year over year in Q3 2026?
Constellation Energy's revenue rose $3.0B (+45%) from $6.6B in Q3 2025 to $9.6B in Q3 2026.
What drove Constellation Energy's revenue change in Q3 2026?
Other revenues +$1.9B (+220%); Total power revenues +$940M (+18%); Other revenues +$67.0M (+71%).