Constellation Energy Q1 Earnings In Line With Estimates, Sales Up Y/Y

Constellation Energy Corporation CEG reported first-quarter 2025 earnings of $2.14 per share, in line with the Zacks Consensus Estimate. The bottom line increased 17.6% from the year-ago quarter’s figure of $1.82.  (See the Zacks Earnings Calendar to stay ahead of market-making news.)CEG’s Total RevenuesRevenues totaled $6.79 billion, which surpassed the Zacks Consensus Estimate of $5.92 billion by 14.6%. The top line also increased 10.2% from the year-ago figure of $6.16 billion. Constellation Energy Corporation Price, Consensus and EPS Surprise Constellation Energy Corporation price-consensus-eps-surprise-chart | Constellation Energy Corporation QuoteHighlights of CEG’s Q1 ReleaseTotal operating expenses were $6.34 billion, up 18.5% from $5.35 billion in the year-ago period.Operating income totaled $451 million compared with $813 million in the year-ago quarter.Net interest expenses increased 15% to $146 million from $127 million in the year-ago period.Constellation Energy entered into a definitive agreement to acquire Calpine Corporation. This will combine the largest producer of clean, emissions-free energy with Calpine's reliable, dispatchable natural gas assets. It will also create the nation's leading competitive retail supplier, poised to meet the growing demand from customers and communities.Crane Clean Energy Center is selected by PJM for expedited grid connection as part of its Reliability Resource Initiative. Restarting Crane’s Unit 1 reactor will bring new, reliable, emissions-free energy to the grid at a time of tightening reserves and rising prices. PJM also selected additional uprate projects within CEG’s fleet, bringing the total addition to the grid to more than 1,150 megawatts of clean, firm electricity.CEG’s Financial PositionAs of March 31, 2025, Constellation Energy had cash and cash equivalents of $1.85 billion compared with $3.02 billion as of Dec. 31, 2024.As of March 31, 2025, the company had a long-term debt of $7.321 billion compared with $7.384 billion as of Dec. 31, 2024.Cash provided in operating activities in the first three months of 2025 amounted to $107 million against $723 million cash used in the year-ago period.Total capital expenditures for the first quarter were $806 million compared with $738 million a year ago.CEG’s GuidanceConstellation Energy reaffirmed its full-year 2025 adjusted operating earnings guidance of $8.90-$9.60 per share. The Zacks Consensus Estimate for the same is pegged at $9.52 per share, which is higher than the midpoint of the guided range.CEG’s Zacks RankCurrently, Constellation Energy has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.A Recent ReleaseClearway Energy Inc. CWEN recorded first-quarter 2025 earnings of 3 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 25 cents by 112%.CWEN’s long-term (three to five years) earnings growth rate is 38.25%. The Zacks Consensus Estimate for 2025 sales is pinned at $1.51 billion, implying a year-over-year increase of 10%.Upcoming Releases Murphy Oil Corporation MUR is slated to report first-quarter results on May 7, after market close. The Zacks Consensus Estimate for earnings is pegged at 48 cents per share.The Zacks Consensus Estimate for 2025 sales is pinned at $2.81 billion, while that for earnings is pegged at $2.34 per share.Occidental Petroleum OXY is slated to report first-quarter results on May 7, after market close. The Zacks Consensus Estimate for earnings is pegged at 73 cents per share.The Zacks Consensus Estimate for 2025 sales is pinned at $28.72 billion. The company delivered an average earnings surprise of 23.6% in the trailing four quarters. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Energy Corporation (CEG): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Murphy Oil Corporation (MUR): Free Stock Analysis Report Clearway Energy, Inc. (CWEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks