Constellation Energy (Nasdaq: CEG) reported adjusted operating earnings of $2.74 per share for the first quarter of 2026. Revenue reached $11.12 billion during the period. These figures exceeded analyst earnings estimates of $2.59 per share. Reported revenue also surpassed the projected $9 billion.
The company reaffirmed its full-year 2026 adjusted operating earnings guidance of $11.00 to $12.00 per share. Shares rose over 5% in premarket trading on May 11, 2026.
Management attributed the performance to the successful integration of the Calpine acquisition. Favorable market conditions and nuclear fleet operations further drove the results. The nuclear fleet remains a primary source of carbon-free power for the company.
These results highlight the health of the power generation segment for investors in ETFs like VDE. This stability contrasts with ongoing volatility in oil and gas markets. Geopolitical tensions in the Strait of Hormuz continue to impact broader energy sectors.