CEG at a glance
Constellation Energy (CEG, SEC CIK 1868275) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Constellation Energy (CEG) reported revenue of $22.7 billion (up 19.5% from FY2024) and net income of $2.3 billion. Diluted EPS was $7.40.
- As of June 30, 2026, 52 institutional investment managers tracked by SignalX reported holding Constellation Energy (CEG) shares worth $34.3 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by CRANDALL ROGER W on August 11, 2026 of 1,500 shares at $278.62 per share.
- In the last 90 days, CEG insiders reported 1 open-market purchase ($418K) and 0 open-market sales ($0) on Form 4, a net purchase of $418K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $22.7B
- +19.5% vs prior year
- Insiders · 90 days
- 1 buy · 0 sells
- Net +$418K
- 13F holders
- 52 funds
- $34.3B · +3 vs prior quarter
- Latest 8-K
- Aug 6, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
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
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
AI summary of the CEG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- No profitability, margin, segment, or product-line performance figures disclosed
- NDT trust assets sensitivity: $1,129 million reduction from 25-basis-point rate increase and 10% equity-price decline
Risk Factors
- Risk Factors section not provided; supplied text covers repurchases, trading plans, controls, and exhibits
- New insider-trading disclosure: Andrew Novotny plan covers 118,915 shares sold August 2026–January 2027
- Capital-allocation exposure: $2.8 billion remaining repurchase authorization after $4.4 billion increase
- Debt-financing detail: 4.550% notes due June 1, 2029
- Control risk: disclosure controls effective as of June 30, 2026; no material internal-control changes reported
AI summary of the CEG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Q2 2026 results released for quarter ended June 30, 2026
- Earnings call scheduled August 6, 2026 at 10:00 AM ET
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Robert Lawless retired as Board Chair on August 4, 2026
- CEO Joseph Dominguez became Board Chair, concentrating executive and board leadership
Item 8.01: Other Events
- All PJM plants cleared the 2028–2029 capacity auction, supporting contracted revenue visibility from June 1, 2028
- PJM Portfolio cleared 18,875 MW, including 15,700 MW nuclear and 3,175 MW fossil/other capacity
AI summaries of CEG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CEG
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- Fund moves. Which tracked funds opened, added or cut CEG, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| CRANDALL ROGER W | A | Sep 30, 2026 | 82 | $254.02 |
| Harrington Charles L. | A | Sep 30, 2026 | 188 | $254.02 |
| CRANDALL ROGER W | Buy | Aug 11, 2026 | 1,500 | $278.62 |
| CRANDALL ROGER W | A | Aug 4, 2026 | 462 | $267.25 |
| Harrington Charles L. | A | Jun 30, 2026 | 146 | $248.37 |
| Halverson Bradley M | A | Apr 28, 2026 | 556 | $305.71 |
| Ashish Khandpur K | A | Apr 28, 2026 | 556 | $305.71 |
| LAWLESS ROBERT J | A | Apr 28, 2026 | 556 | $305.71 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $19.0B | $22.7B |
| Operating Income | - | $4.4B | $3.1B |
| Net Income | $1.6B | $3.7B | $2.3B |
| Op. Margin | - | 22.9% | 13.6% |
| Net Margin | - | 19.8% | 10.2% |
| Balance Sheet | |||
| Total Assets | $50.8B | $52.9B | $57.2B |
| Equity | - | $13.2B | $14.5B |
| ROE | - | 28.5% | 16.0% |
| Per Share | |||
| EPS | $5.01 | $11.89 | $7.40 |
| Cash Flow | |||
| Operating CF | - | -$2.5B | $4.2B |
| CapEx | $2.4B | $2.6B | $2.9B |
Source: XBRL data in Constellation Energy (CEG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CEG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 52 | $34.30B |
| Q1 2026 | 49 | $39.22B |
| Q4 2025 | 48 | $49.79B |
| Q3 2025 | 48 | $45.81B |
| Q2 2025 | 47 | $44.06B |
| Q1 2025 | 46 | $21.77B |
| Q4 2024 | 41 | $20.55B |
| Q3 2024 | 36 | $9.85B |
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- Citadel Advisors LLC−217.2K (-53%)
- Blackstone Group−1.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 367 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CEG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 6, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jul 14, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 8-K | Jun 2, 2026 | - | Analysis | |
| 10-Q | May 11, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 11, 2026 | - | Analysis | |
| 8-K | May 1, 2026 | - | Analysis | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 20, 2026 | - | Analysis | - |
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CEG SEC filings: frequently asked questions
Are CEG insiders buying or selling?
In the last 90 days, Constellation Energy (CEG) officers, directors and 10% owners reported 1 open-market purchase worth $417,931 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CEG stock?
As of June 30, 2026, the largest Constellation Energy (CEG) holders among the 13F filers tracked by SignalX were BlackRock ($6.1 billion), Vanguard Capital Management LLC ($5.2 billion), State Street Corp ($4.8 billion), Vanguard Portfolio Management LLC ($3.9 billion), Invesco Ltd ($2.8 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CEG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Constellation Energy (CEG) reported revenue of $22.7 billion (up 19.5% from FY2024) and net income of $2.3 billion. Diluted EPS was $7.40. The figures come from the XBRL data in the 10-K.
What are the main risks in CEG's latest 10-K?
In the 10-K filed February 24, 2026, Constellation Energy (CEG) flagged: 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. (AI summary of the Risk Factors section.)
What did CEG report in its latest 8-K?
Constellation Energy (CEG) filed an 8-K on August 6, 2026 reporting Item 7.01 (Regulation FD Disclosure). Q2 2026 results released for quarter ended June 30, 2026.
What are the latest CEG SEC filings?
Constellation Energy (CEG) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and a Form 4 insider filing on October 2, 2026.
What is CEG's SEC CIK number?
Constellation Energy (CEG)'s SEC Central Index Key (CIK) is 1868275. EDGAR lists every CEG filing under that number.
Ask anything about CEG
The research agent reads CEG's filings, financials, insider trades and 13F holders, then answers with sources.