Constellation Energy CorpCEG
What Constellation Energy Corp does.
On February 21, 2021, the Board of Directors of Exelon authorized management to pursue a plan to separate its competitive generation and customer-facing energy businesses, conducted through Constellation and its subsidiaries, into an independent, publicly traded company. CEG Parent, a Pennsylvania corporation and a direct, wholly owned subsidiary of Exelon, was newly formed for the purpose of separation and had not engaged in any activities except in preparation for the distribution. On February 1, 2022, Exelon completed the separation by distributing all the outstanding shares of the Company’s common stock, on a pro rata basis to the holders of Exelon’s common stock, with the Company holding all the interests in Constellation previously held by Exelon (the “Separation”). As of 2002, Constellation has been an individual registrant concurrent with the registration of its public debt under the Securities Act. As an individual registrant, Constellation has historically filed consolidated financial statements to reflect their financial position and operating results as a stand-alone, wholly owned subsidiary of Exelon.
Unless otherwise indicated or the context otherwise requires, references herein to the terms “we,” “our,” “us” and “the Company” refer collectively to CEG Parent and Constellation. See Glossary for defined terms.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $17.6B | $19.6B | $24.4B | $24.9B | $23.6B | $25.5B |
| Net income | $589.0M | -$205.0M | -$160.0M | $1.6B | $3.7B | $2.3B |
| Free cash flow | -$1.2B | -$2.7B | -$4.0B | -$7.7B | -$5.0B | $1.3B |
More on CEG.
- Constellation Energy Corp summary
- Constellation Energy Corp financial statements
- Constellation Energy Corp key metrics
- Constellation Energy Corp health scores and style box
- Constellation Energy Corp earnings
- Constellation Energy Corp dividends
- Constellation Energy Corp valuation
- Constellation Energy Corp ownership and insiders
- Constellation Energy Corp peers
Figures from Constellation Energy Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.