Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
CEGConstellation Energy Corp
Every company that sells shares in the US files four statements with the SEC. Together they show whether Constellation Energy made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Constellation Energy filed it, with what each one means in plain English.
As filed with the SEC on Feb 24, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
Out of every $100 of sales
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Operating revenues | |||
| $25.5B▲ 8.3% | $23.6B | $24.9B | |
| Operating expenses | |||
| $14.7B▲ 29% | $11.4B | $16.0B | |
| $6.2B | $6.2B | $5.7B | |
| $985.0M▼ 12% | $1.1B | $1.1B | |
| $622.0M▲ 6.1% | $586.0M | $553.0M | |
| $22.4B▲ 16% | $19.3B | $23.3B | |
| $0▼ 100% | $71.0M | $27.0M | |
| $3.1B▼ 29% | $4.4B | $1.6B | |
| Other income and (deductions) | |||
| −$511.0M▼ 1.0% | −$506.0M | −$431.0M | |
| $936.0M▲ 40% | $670.0M | $1.3B | |
| $425.0M▲ 159% | $164.0M | $837.0M | |
| $3.5B▼ 22% | $4.5B | $2.4B | |
| $1.2B▲ 53% | $774.0M | $859.0M | |
| −$1.0M▲ 75% | −$4.0M | −$11.0M | |
| $2.3B▼ 38% | $3.7B | $1.6B | |
| $4.0M | −$11.0M | −$46.0M | |
| $2.3B▼ 38% | $3.7B | $1.6B | |
| Other comprehensive income (loss), net of income taxes | |||
| $2.3B▼ 38% | $3.7B | $1.6B | |
| Pension and non-pension postretirement benefit plans | |||
| −$4.0M | −$4.0M | −$4.0M | |
| $72.0M▼ 4.0% | $75.0M | $25.0M | |
| −$219.0M▼ 24% | −$176.0M | −$453.0M | |
| $7.0M▲ 75% | $4.0M | −$1.0M | |
| $21.0M | −$10.0M | $2.0M | |
| −$123.0M▼ 11% | −$111.0M | −$431.0M | |
| $2.2B▼ 39% | $3.6B | $1.1B | |
| $4.0M | −$11.0M | −$46.0M | |
| $2.2B▼ 40% | $3.6B | $1.2B | |
| Average shares of common stock outstanding | |||
| 313.0M shares▼ 0.6% | 315.0M shares | 323.0M shares | |
| 1.0M shares | 0 shares | 1.0M shares | |
| 314.0M shares▼ 0.3% | 315.0M shares | 324.0M shares | |
| Earnings per average common share | |||
| $7.40▼ 38% | $11.91 | $5.02 | |
| $7.40▼ 38% | $11.89 | $5.01 | |
Every line as the company filed it (USD ($), shares in Millions, $ in Millions), shown in full dollars. See this statement on SEC.