Constellation Energy Corp Stock Research

Market Summary

USD86.58+0.70

Market Closed

0.82%

CEG Stock Price

CEG RSI Chart

CEG Valuation

Market Cap

28.3B

Price/Earnings (Trailing)

-62.27

Price/Sales (Trailing)

1.24

EV/EBITDA

15.56

Price/Free Cashflow

-20.8

CEG Price/Sales (Trailing)

CEG Profitability

EBT Margin

-4.03%

Return on Equity

-2.38%

Return on Assets

-0.55%

Free Cashflow Yield

-4.81%

CEG Fundamentals

CEG Revenue

Revenue (TTM)

22.8B

Revenue Y/Y

37.34%

Revenue Q/Q

10.72%

CEG Earnings

Earnings (TTM)

-454.7M

Earnings Y/Y

-130.97%

Earnings Q/Q

-66.37%

Price Action

52 Week Range

41.8097.45

(Low)(High)

Last 7 days

4.3%

Last 30 days

0.0%

Last 90 days

-7.5%

CEG Financial Health

Current Ratio

1.25

CEG Investor Care

Dividend Yield

0.65%

Dividend/Share (TTM)

0.56

Diluted EPS (TTM)

-0.79

Financials for Constellation Energy

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q3	2021Q2
Revenue	10.6%	22,809,333,333	20,616,000,000	18,866,666,667	18,824,000,000	19,424,000,000
EBITDA	-57.7%	1,742,666,667	4,124,000,000	4,508,000,000	-	-
EBITDA Margin	-61.8%	0.08	0.20	0.23	-	-
Earnings Before Taxes	-257.7%	-918,666,666.67	582,666,667	1,332,000,000	-12,000,000.00	-1,646,000,000.00
EBT Margin	-242.5%	-0.04	0.03	0.02	-	-
Interest Expenses	1.1%	248,000,000	245,333,333	266,666,667	284,000,000	280,000,000
Net Income	-175.1%	-454,666,666.67	605,333,333	773,333,333	-198,666,666.67	-1,512,000,000.00
Net Income Margin	-129.0%	-0.01	0.04	0.00	-	-
Free Cahsflow	-171.5%	-1,361,333,333.33	1,902,666,667	3,718,000,000	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.8%	46,616	45,333	46,846	48,086	-
Current Assets	21.8%	9,853	8,090	8,767	7,981	-
Cash Equivalents	47.9%	1,192	806	1,605	504	-
Net PPE	-0.2%	19,705	19,739	19,837	19,612	-
Liabilities	4.4%	35,447	33,944	35,341	36,472	-
Current Liabilities	34.2%	7,887	5,878	6,434	7,996	-
. Short Term Borrowings	246.5%	693	200	1,080	2,082	-
LT Debt, Non Current	-0.6%	4,480	4,507	4,548	4,575	-
Shareholder's Equity	-5.1%	10,803	11,389	11,505	11,219	-
Retained Earnings	-94.0%	-483.00	-249.00	-91.00	-	-
Accumulated Depreciation	2.5%	16,574	16,165	16,007	15,873	-
Shares Outstanding	0%	327	327	327	-	-
Minority Interest	-5.9%	366	389	400	395	-

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q3	2021Q2
Cashflow From Operations	-97.3%	92	3,459	5,249	1,299	-714.00
Share Based Compensation	112.5%	113	53	43	40	44
Cashflow From Investing	51.6%	2,495	1,645	1,605	3,519	4,212
Cashflow From Financing	41.1%	-1,617.33	-2,746.67	-3,685.33	-2,561.33	-2,950.00
Dividend Payments	49.5%	185	124	61	0	0

* denotes actual numbers (not divided by Millions)

Risks for CEG

What is the probability of a big loss on CEG?

Probability that Constellation Energy stock will be more than 20% underwater in next one year

Probability that Constellation Energy stock will be more than 30% underwater in next one year.

Probability that Constellation Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CEG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Constellation Energy was unfortunately bought at previous high price.

Drawdowns

Returns for CEG

Cumulative Returns on CEG

Which funds bought or sold CEG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	State of Tennessee, Treasury Department	added	200.5	10,124,000	13,132,000	0.06%
2023-01-26	DUPONT CAPITAL MANAGEMENT CORP	reduced	-40.57	-1,031,230	1,653,770	0.08%
2023-01-26	CENTRAL TRUST Co	reduced	-7.63	-15,005	336,995	0.01%
2023-01-26	STEPH & CO	unchanged	-	2,000	40,000	0.03%
2023-01-26	Piscataqua Savings Bank	new	-	5,689	5,689	-%
2023-01-26	STRS OHIO	unchanged	-	-	-	-%
2023-01-26	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	added	19.99	3,718,860	18,995,900	0.24%
2023-01-26	Key Financial Inc	unchanged	-	463	166,463	0.08%
2023-01-26	COMERICA BANK	added	0.6	-147,000	3,323,000	0.03%
2023-01-26	Arden Trust Co	added	1.63	68,633	1,362,630	0.28%

Latest Funds Activity

Are funds buying CEG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CEG

No. of Funds

Constellation Energy News

CEG Fair Value

Recent SEC filings of Constellation Energy

View All Filings

Date Filed	Form Type	Document
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading
Dec 09, 2022	8-K/A	Current Report

Latest Insider Trading transactions for CEG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-31	Richardson John M	acquired	38,759	89.72	432	-
2022-12-31	LAWLESS ROBERT J	acquired	38,759	89.72	432	-
2022-12-31	BRLAS LAURIE	acquired	38,759	89.72	432	-
2022-12-31	DE BALMANN YVES C	acquired	38,759	89.72	432	-
2022-12-31	Halverson Bradley M	acquired	38,759	89.72	432	-
2022-12-31	Holzrichter Julie	acquired	38,759	89.72	432	-
2022-12-31	Harrington Charles L.	acquired	38,759	89.72	432	-
2022-12-31	Ashish Khandpur K	acquired	38,759	89.72	432	-
2022-12-31	Rimmer Nneka Louise	acquired	25,659.9	89.72	286	-
2022-09-30	Ashish Khandpur K	acquired	38,766.9	87.51	443	-

About Constellation Energy

Joseph Dominguez

www.constellationenergy.com/our-work/what-we-do/generation.html

11700

Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, renewable energy, and other energy-related products and services. The company has 32,400 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.

CEG Income Statement

2022-09-30

Consolidated Statements of Operations and Comprehensive Income, Parent - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating revenues
Operating revenues	$ 6,051	$ 4,082	$ 16,947	$ 13,245
Operating revenues from affiliates	0	324	160	872
Total operating revenues	6,051	4,406	17,107	14,117
Operating expenses
Purchased power and fuel	4,695	1,542	11,749	8,103
Purchased power and fuel from affiliates	0	4	5	0
Operating and maintenance	989	761	3,422	2,955
Operating and maintenance from affiliates	0	177	44	458
Depreciation and amortization	262	866	818	2,735
Taxes other than income taxes	145	115	415	354
Total operating expenses	6,091	3,465	16,453	14,605
(Loss) gain on sales of assets and businesses	(1)	65	13	144
Operating (loss) income	(41)	1,006	667	(344)
Other income and (deductions)
Interest expense, net	(75)	(73)	(186)	(214)
Interest expense to affiliates	0	(4)	(1)	(11)
Other, net	(196)	(115)	(1,169)	561
Total other income and (deductions)	(271)	(192)	(1,356)	336
(Loss) income before income taxes	(312)	814	(689)	(8)
Income taxes	(123)	177	(504)	108
Equity in losses of unconsolidated affiliates	(4)	(4)	(10)	(6)
Net (loss) income	(193)	633	(195)	(122)
Net (loss) income attributable to noncontrolling interests	(5)	26	(1)	125
Net (loss) income attributable to membership interest	(188)	607	(194)	(247)
Comprehensive (loss) income, net of income taxes
Net loss	(193)	633	(195)	(122)
Pension and non-pension postretirement benefit plans:
Prior service benefit reclassified to periodic benefit cost	(2)	0	(4)	0
Actuarial loss reclassified to periodic cost	28	0	73	0
Pension and non-pension postretirement benefit plan valuation adjustment	4	0	4	0
Unrealized loss on cash flow hedges	(1)	(1)	0	(1)
Unrealized loss on foreign currency translation	(6)	(4)	(4)	0
Other comprehensive income (loss), net of income taxes	23	(4)	68	(1)
Comprehensive (loss) income	(170)	629	(127)	(123)
Comprehensive (loss) income attributable to noncontrolling interests	(5)	26	(1)	125
Comprehensive (loss) income attributable to membership interests	$ (165)	$ 603	$ (126)	$ (248)
Average shares of common stock outstanding:
Basic (in shares)	327,000	0	327,000	0
Assumed exercise and/or distributions of stock-based awards (in shares)	1,000	0	1,000	0
Diluted (in shares)	328,000	0	328,000	0
Earnings per average common share
Basic (in dollars per share)	$ (0.57)	$ 0	$ (0.59)	$ 0
Diluted (in dollars per share)	$ (0.57)	$ 0	$ (0.59)	$ 0

CEG Balance Sheet

2022-09-30

Consolidated Balance Sheets, Parent - USD ($)
$ in Millions

Sep. 30, 2022

Dec. 31, 2021

Current assets

Cash and cash equivalents

$ 1,192

$ 504

Restricted cash and cash equivalents

111

Accounts receivable

Customer accounts receivable (net of allowance for credit losses of $55 as of September 30, 2022 and December 31, 2021)

1,819

1,669

Other accounts receivable (net of allowance for credit losses of $5 as of September 30, 2022 and December 31, 2021)

579

592

Mark-to-market derivative assets

2,557

2,169

Receivables from affiliates

160

Inventories, net

Natural gas, oil and emission allowances

422

284

Materials and supplies

1,042

1,004

Renewable energy credits

524

520

Other

1,607

1,007

Total current assets

9,853

7,981

Property, plant, and equipment (net of accumulated depreciation and amortization of $16,574 and $15,873 as of September 30, 2022 and December 31, 2021, respectively)

19,705

19,612

Deferred debits and other assets

Nuclear decommissioning trust funds

13,453

15,938

Investments

193

174

Mark-to-market derivative assets

1,252

949

Prepaid pension asset

1,683

Deferred income taxes

Other

2,137

1,717

Total deferred debits and other assets

17,058

20,493

Total assets

^[1]

46,616

48,086

Current liabilities

Short-term borrowings

693

2,082

Long-term debt due within one year

181

1,220

Accounts payable

2,597

1,757

Accrued expenses

933

737

Payables to affiliates

131

Mark-to-market derivative liabilities

2,392

981

Renewable energy credit obligation

773

777

Other

318

311

Total current liabilities

7,887

7,996

Long-term debt

4,480

4,575

Long-term debt to affiliates

319

Deferred credits and other liabilities

Deferred income taxes and unamortized investment tax credits

2,647

3,703

Asset retirement obligations

12,564

12,819

Pension obligations

636

Non-pension postretirement benefit obligations

861

847

Spent nuclear fuel obligation

1,219

1,210

Payables to affiliates

3,357

Payables related to Regulatory Agreement Units

2,658

Mark-to-market derivative liabilities

1,244

513

Other

1,251

1,133

Total deferred credits and other liabilities

23,080

23,582

Total liabilities

^[1]

35,447

36,472

Commitments and contingencies (Note 15)

Shareholders' equity

Predecessor Member's Equity

^[2]

11,250

Common stock (No par value, 1,000 shares authorized, 327 shares outstanding as of September 30, 2022)

13,255

Retained deficit

(483)

Accumulated other comprehensive loss, net

(1,969)

(31)

Total shareholders’ equity

10,803

11,219

Noncontrolling interests

366

395

Total equity

11,169

11,614

Total liabilities and equity

$ 46,616

$ 48,086

[1]

Our consolidated assets include $3,133 million and $2,549 million at September 30, 2022 and December 31, 2021, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Our consolidated liabilities include $1,049 million and $1,077 million at September 30, 2022 and December 31, 2021, respectively, of certain VIEs for which the VIE creditors do not have recourse to us. See Note 18 — Variable Interest Entities for additional information.

[2]

Represents Constellation’s predecessor member's equity prior to the separation transaction. Upon completion of the separation, the predecessor member's equity was transferred to CEG Parent’s Common stock. See Note 1 — Basis of Presentation for additional information on the separation.