Constellation Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	25,533	23,568	24,918	24,440	19,649
Revenue Growth (YoY)	8.34%	-5.42%	1.96%	24.38%	11.62%
Fuel & Purchased Power	14,681	11,419	16,001	17,462	12,163
Operations & Maintenance	5,774	5,827	5,507	4,725	4,694
Depreciation & Amortization	985	1,123	1,096	1,091	1,050
Other Operating Expenses	1,062	927	673	668	522
Total Operating Expenses	22,502	19,296	23,277	23,946	18,429
Operating Income	3,031	4,272	1,641	494	1,220
Interest Expense	-511	-506	-431	-251	-297
Net Interest Expense	-511	-506	-431	-251	-297
Income (Loss) on Equity Investments	-1	-4	-11	-13	-10
Other Non-Operating Income (Expenses)	-969	-491	-745	949	-871
EBT Excluding Unusual Items	1,550	3,271	454	1,179	42
Restructuring Charges	-	-	-	-	-1,767
Gain (Loss) on Sale of Investments	1,960	1,170	1,955	-1,735	1,666
Gain (Loss) on Sale of Assets	-	71	27	1	201
Pretax Income	3,510	4,512	2,436	-555	142
Income Tax Expense	1,187	774	859	-388	225
Earnings From Continuing Ops.	2,323	3,738	1,577	-167	-83
Minority Interest in Earnings	-4	11	46	7	-122
Net Income	2,319	3,749	1,623	-160	-205
Net Income to Common	2,319	3,749	1,623	-160	-205
Net Income Growth	-38.14%	130.99%	-	-	-
Shares Outstanding (Basic)	313	315	323	328	-
Shares Outstanding (Diluted)	314	315	324	329	-
Shares Change (YoY)	-0.32%	-2.78%	-1.52%	-	-
EPS (Basic)	7.41	11.90	5.02	-0.49	-
EPS (Diluted)	7.40	11.89	5.01	-0.49	-
EPS Growth	-37.76%	137.33%	-	-	-
Free Cash Flow	1,274	-5,061	-9,413	-4,071	-2,697
Free Cash Flow Per Share	4.06	-16.07	-29.05	-12.37	-
Dividend Per Share	1.551	1.410	1.128	0.564	-
Dividend Growth	10.01%	25.00%	100.00%	-	-
Profit Margin	9.08%	15.91%	6.51%	-0.66%	-1.04%
Free Cash Flow Margin	4.99%	-21.47%	-37.78%	-16.66%	-13.73%
EBITDA	5,632	6,972	4,155	2,921	3,807
EBITDA Margin	22.06%	29.58%	16.68%	11.95%	19.38%
D&A For EBITDA	2,601	2,700	2,514	2,427	2,587
EBIT	3,031	4,272	1,641	494	1,220
EBIT Margin	11.87%	18.13%	6.59%	2.02%	6.21%
Effective Tax Rate	33.82%	17.15%	35.26%	-	158.45%
Revenue as Reported	-	-	-	24,440	19,649

Source: S&P Global Market Intelligence. Utility template. Financial Sources.