CEG earnings date November 2026: Constellation Energy reported its third quarter on Nov 9, 2026, before the opening bell, and the release carried $5.06 a share of adjusted operating earnings against $3.04 a year earlier. Full-year guidance was raised for the second time this year, to $12.50-$12.80 a share from $11.50-$12.50.

Our scan at 6:33 a.m. PT had CEG at $249.87, which is 0.03% below the $249.95 close it printed on Nov 6. That was three minutes into the session with the release already out, so this page is about what was reported and what had been priced in beforehand, not how the day ended.

When does CEG report earnings?

It reported on Nov 9, 2026, before the market opened. Constellation filed the release with the SEC on Nov 9, and the news feed attached to its row on our own table carried the same story that morning.

The row still shows Nov 9 with zero days left on it. That is the scanner's habit of keeping a name for a few sessions after its print passes, so the table records the date it reported and the days that remain on the counter.

Four other names print on the same date. TTWO carries a score of 70, TTD 45, QRVO 35 and SLAB 16, so CEG at 86 was by some distance the strongest setup of the five names on our calendar that day.

What did Constellation print in Q3 2026?

Adjusted operating earnings of $5.06 a share, up from $3.04 in the same quarter of 2025, and GAAP net income of $5.19 against $2.97. Net income attributable to common shareholders was $1.835 billion against $930 million a year earlier.

Revenue was $9.55 billion, 45.4% above the $6.57 billion it booked a year ago, and operating income more than doubled to $2.49 billion from $1.09 billion. The company pointed to the Calpine acquisition and commercial outperformance as the drivers.

Guidance moved further than the numbers. Constellation raised and narrowed the full-year range to $12.50-$12.80 from $11.50-$12.50, its second raise of the year, and the floor of the new range now sits at the ceiling of the old one.

Capital news came with the release: a $5.0 billion loan commitment from the Department of Energy supporting nuclear uprate projects, and an agreement to acquire the 609 MW Rhode Island State Energy Center, a combined-cycle plant, for roughly $3.0 billion.

On the commercial side the company reported about 8,500 MW of long-term agreements signed year to date, some 4,560 MW contracted with three customers in Q3 alone, and a 99.2% nuclear capacity factor through the summer.

What was priced in before the release?

The options chain was wide for a name this size. The at-the-money straddle cost $19.13 on a four-day expiry, which puts implied volatility at 91.7, the 17th widest of the 51 names we scan.

Scaled off that straddle, the market was pricing a 6.6% move over three days, 10.1% over seven and 14.3% over fourteen. Around the $249.87 scan price that is a band of $233.30 to $266.44 at three days and $214.08 to $285.66 at fourteen.

Against the stock's own history that was a demanding ask. CEG closed Nov 6 at $249.95, up 4.30% on the session but still 4.74% lower over the week and 16.14% lower over the month, with the month's high at $298.07 on Oct 9 and its low at $239.65 on Nov 5.

What the analyst book looked like going in

Twenty-five analysts covered CEG: 6 strong buys, 14 buys, 5 holds and not one sell. That is 80% of the book on the buy side, which puts the name level with BIDU and behind BILI at 96.7% and NU at 82.6%.

The score of 86 decomposes into 25 points for analyst coverage, 20 for buy-side conviction, 12 for the 6 strong buys, 14.3 for the implied move and 15 for a Positive sentiment reading. Rank on the table is 10 of 51.

Valuation was the soft spot. At 24.4 times trailing earnings and 18.6 times forward, CEG is not cheap, and the PEG of 3.74 is the fourth highest among the names we track, behind CRWD, SNOW and DIS.

What the ratio is really measuring is the distance between the earnings we can see and the ones the street is underwriting: $10.23 of trailing earnings against $13.40 of forward earnings, a gap of 31.0% that has to be delivered for the forward multiple to hold.

Where the price has been sitting this month

The settled closes tell one long slide with a sharp final leg. CEG was $298.07 on Oct 9, the high of the month, and it ground down to $239.65 on Nov 5 before the 4.30% bounce on Nov 6 took it back to $249.95.

The month is still 16.14% down from where it started, and the stock closed the last session of the week about 16% below its own one-month high. Whatever the print said on Monday, it landed into a chart that had already given up a sixth of its value.

What to watch after the print

Three things carry into the next quarter, and the first is the guidance itself. $12.50-$12.80 for the year, raised twice, with the market's next question being how much of it is already contracted rather than priced.

The second is the capital plan. The DOE loan commitment and the Rhode Island acquisition both point the same direction, toward more owned generation, and both will reach the balance sheet before they reach earnings.

The third is the contract book. About 4,560 MW was signed in Q3 and roughly 8,500 MW year to date, and the pace of new long-term agreements is what turns a guidance range into cash.

Our scan runs at 6:33 a.m. Pacific time, and the table it builds is published row by row at our open data.

So CEG earnings date November 2026 is settled: the print happened before the open on Nov 9, it beat on every line the release carried, and it came with a second raise to guidance. What the market made of it is a separate question, and the number that answers it is the live price on the scanner rather than the $249.87 this morning's scan caught.

Whether that makes CEG worth owning after the print is a judgment we leave to the reader.

Questions on Constellation after the Nov 9 print

Did Constellation beat what the street expected?

Adjusted operating earnings of $5.06 a share came in well above the published estimates for the quarter, which ran from $3.72 to $3.89 a share. Revenue of $9.55 billion was ahead of estimates of $9.21 billion to $9.35 billion.

What did the full-year guidance do?

It was raised and narrowed to $12.50-$12.80 a share from $11.50-$12.50, the second raise of 2026, with the floor of the new range equal to the ceiling of the old one. That puts the guidance above the roughly $12.21 consensus the street carried into the print.

Is CEG still an AI power name after the print?

It is the only Utilities name on our table, a $88.53 billion market cap with 3.8% of float sold short, and a score of 86 that put it 10th of the 51 rows we scan. The valuation is the soft spot, at 18.6 times forward earnings and a PEG of 3.74.