Sector: Utilities|Industry: Utilities - Renewable|Market Cap: $70.61B|Employees: 13.9K
Constellation Energy Corporation is the nation's largest producer of carbon-free energy and a leading supplier of energy products and services across the continental United States. The company's generation fleet includes nuclear, hydro, wind, and solar facilities, and it is a major player in both wholesale and retail energy markets. Constellation has a significant geographic presence, operating in 48 states, the District of Columbia, Canada, and the United Kingdom.
Operating revenues decreased to $6.161 billion from $7.565 billion in the same quarter last year, a 18.6% decline, primarily driven by lower purchased power and fuel costs.
Net income attributable to common shareholders increased to $883 million from $96 million in the prior year, primarily due to favorable mark-to-market activity and other fair value adjustments.
Total operating expenses decreased to $5.348 billion from $7.560 billion, primarily due to lower purchased power and fuel costs, but still impacted profitability.