Constellation Energy Group (NASDAQ:CEG) shares climbed more than 5% in premarket trading on Monday after the nuclear energy company reported first-quarter results that exceeded Wall Street expectations on both profit and revenue.
The company posted quarterly earnings per share of $2.74, ahead of analyst estimates of $2.59.
Revenue Comes in Well Above Expectations
First-quarter revenue totaled $11.12 billion, significantly higher than the consensus forecast of $9 billion.
Management said the results reflected continued strong operational performance across the business.
“Our first-quarter results reflect continued operational excellence from our entire organization,” Chief Financial Officer Shane Smith said in the company’s earnings release. “We are affirming our full-year guidance and the expectation of strong, visible cash flow that supports our strategic capital allocation framework.”
Company Reaffirms Full-Year Outlook
Constellation maintained its full-year 2026 earnings guidance, continuing to forecast earnings per share between $11.00 and $12.00.
The midpoint of the company’s outlook remains broadly in line with Wall Street expectations, which currently stand at $11.62 per share.