CEG Constellation Energy

company

SEC Filings & Insider Trading Activity 2026

Risk Factors

• • Nuclear PTC under IRA (starting Jan 1, 2024) subject to ongoing Treasury/IRS guidance that may reduce benefits; duration and value also exposed to legislative reversal
• • "Prohibiting Russian Uranium Imports Act" bans U.S. import of Russian low-enriched uranium, threatening nuclear fuel supply chain diversification across Constellation's large fleet
• • ~70% of generating resources concentrated in PJM market; proposed Trump administration/PJM framework for new load connections creates material market-design uncertainty
• • Calpine acquisition (Jan 2026) added significant goodwill to balance sheet; integration risk includes unknown liabilities, potential key-employee loss, and EPS dilution despite accretion expected in 2026
• • Credit facilities 26% European, 8% Canadian, 13% Asian banks — cross-border market disruption could impair liquidity access

Business Overview

• • Largest private-sector power producer globally post-Calpine merger (Jan 2026); 55 GW total capacity spanning nuclear, gas, geothermal, hydro, wind, solar
• • Calpine acquisition added ~23 GW across 72 assets, ~62 TWh retail load, ~2,500 employees; Calpine is nation's largest gas/geothermal generator
• • Three Mile Island restart (Crane Clean Energy Center, ~835 MW) backed by 20-year Microsoft PPA and $1.0B DOE loan guarantee issued Nov 2025
• • Nuclear fleet produced 183 TWh in 2025 at 94.7% capacity factor — ~4 percentage points above industry average annually since 2013
• • 15,339 total employees at Dec 31, 2025 (pre-Calpine); voluntary turnover only 3.3%, reflecting workforce stability at large-scale nuclear operator

Management Discussion & Analysis

• • Revenue $25.5B in 2025, up $1.97B (+8.3%) YoY; ERCOT best-performing segment at +22.8%, Other Power Regions weakest at +1.4%
• • GAAP net income fell to $2.32B from $3.75B (-$1.43B YoY); Adjusted (non-GAAP) Operating Earnings rose to $2.94B from $2.74B; operating income dropped to $3.09B from $4.35B, with effective tax rate surging to 33.8% vs 17.1%
• • Operating cash flow swung to +$4.24B from -$2.46B YoY; $1.08B net long-term debt redeemed in 2025; quarterly dividend held at $0.3878/share, raised to $0.4265 for Q1 2026
• • Capex guidance $5.7B (2026) and $4.7B (2027) inclusive of Calpine; ~29% allocated to nuclear fuel procurement; $3.9B earmarked for growth including Crane restart, nuclear uprates, and license renewals
• • Calpine acquisition ($22B, closed Jan 2026) adds ~23 GW and ~$12.6B assumed debt; PJM market reform and FERC co-location rulings cited as key emerging revenue risks

What are the latest CEG SEC filings in 2026?

Constellation Energy (CEG) has filed a 10-K annual report on February 24, 2026, a 10-Q quarterly report on May 11, 2026, an 8-K current report on August 6, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did CEG file its most recent 10-K annual report?

Constellation Energy (CEG) filed its most recent 10-K annual report on February 24, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view CEG 10-Q quarterly reports?

Constellation Energy (CEG)'s most recent 10-Q quarterly report was filed on May 11, 2026. SignalX displays every CEG 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has CEG filed recently?

Constellation Energy (CEG)'s most recent 8-K was filed on August 6, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find CEG insider trading activity (Form 4)?

SignalX aggregates every CEG Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does CEG file with the SEC?

Constellation Energy (CEG) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new CEG filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Constellation Energy (CEG).

What is CEG's SEC CIK number?

Constellation Energy (CEG)'s SEC CIK (Central Index Key) number is 1868275. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1868275 to look up all CEG filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find CEG return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Constellation Energy (CEG) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.