Constellation Energy Q3: Earnings Beat, Revised FY24 EPS Guidance & More

Constellation Energy Corporation (NASDAQ:CEG) shares are trading lower after the company reported third-quarter results and revised its FY24 adjusted EPS guidance, which is below estimates.

Also, in the company’s conference call, Constellation Energy’s CEO said the U.S. regulator’s ruling on the Amazon data center agreement was not the final word. On Friday, the Federal Energy Regulatory Commission (FERC) rejected the amended Susquehanna Interconnection Service Agreement between PJM Interconnection, PPL Electric Utilities, and Talen Energy.

Sales of $6.550 billion surpassed the consensus of $5.714 billion. Adjusted EPS of $2.74 exceeded the consensus of $2.64.

The result reflects favorable results from the nuclear PTC portfolio and positive net market and portfolio conditions. These gains were partially offset by ...