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Constellation Reports Higher Earnings

May 11, 2026

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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Constellation reported Adjusted Non-GAAP Operating Earnings of $972 million for the first quarter of 2026, up from $673 million a year ago, on contributions from the Calpine acquisition, and higher capacity prices, partially offset by higher cost to serve load during Winter Storm Fern and lower ZEC revenues

Constellation reported Q1 2026 Retail electric load (TWh) served by region as follows:

                  Retail
                   TWh
Midwest            11
Mid-Atlantic       16
ERCOT               8
New York            5
Other*             10

 *Other includes New England, 
South and West

Constellation's Q1 2026 Retail gas load (bcf) served by region was follows:

                  Retail
                   bcf
Northeast          23
Southeast          38
Midwest           192
West               19





















































 

 




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