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 increased to $6.55 billion, compared to $6.11 billion for the three months ended September 30, 2023. However, for the nine months ended September 30, 2024, operating revenues were $18.186 billion, compared to $19.122 billion for the same period last year, indicating a slowdown in growth.
Operating income increased to $1.467 billion for the three months ended September 30, 2024, compared to $977 million for the same period in 2023. This indicates an improvement in profitability from core operations.
Net income attributable to common shareholders increased to $1.2 billion for the three months ended September 30, 2024, compared to $731 million for the same period in 2023. This demonstrates a significant improvement in overall profitability.