Press release
Constellation Reports Second Quarter 2024 Results
Earnings Release Highlights GAAP Net Income of $2.58 per share and Adjusted (non-GAAP) Operating Earnings of $1.68 per share for the second quarter of 2024
About this update from Constellation Energy Corporation
[{"type":"text","content":"\nEarnings Release Highlights\n\n\n\nGAAP Net Income of $2.58 per share and Adjusted (non-GAAP) Operating Earnings of $1.68 per share for the second quarter of 2024\n\n\n\nRaising full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $7.60-$8.40 per share\n\n\n\nDelivering on our commitment to shareholders, repurchased approximately $500 million of our common stock in the second quarter; cumulatively we have repurchased $2.0 billion since 2023\n\n\n\nReleased our 2024 Sustainability Report and hosted our second annual Youth Energy Summit, providing students a weeklong STEM educational experience\n\n\n\nEarned 2024 Great Place to Work® certification for the second year in a row\n\n\n\n BALTIMORE--(BUSINESS WIRE)--\nConstellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the second quarter of 2024.\n\n\n“During one of the hottest summers on record, our carbon-free nuclear fleet has again performed at industry leading levels. Combined with the rest of our generation fleet, we are helping to keep American families and businesses cool, the U.S. economy running strong and our communities thriving,” said Joe Dominguez, president and CEO, Constellation. “This world class performance is only possible because of the dedicated, talented people who work here 24/7/365, which is why I am proud that we have once again been certified as a Great Place to Work.”\n\n\n“Our ability to help American businesses and the performance of our reliable generation fleet resulted in another strong quarter and raises our expectations for the remainder of the year,” said Dan Eggers, chief financial officer, Constellation. “We reported GAAP net earnings of $2.58 per share and adjusted (non-GAAP) earnings of $1.68 per share, which was $0.04 per share higher than a year ago. Based on our performance to date, we are raising our full-year adjusted (non-GAAP) earnings guidance to $7.60 to $8.40 per share from our previous guidance of $7.23 to $8.03 per share. In addition, we accelerated our share repurchase program in the second quarter, completing an additional $500 million of repurchases on top of the $500 million of repurchases executed earlier in the year.”\n\n\nSecond Quarter 2024\n\n\nOur GAAP Net Income for the second quarter of 2024 increased to $2.58 per share from $2.56 per share in the second quarter of 20...