Overview
- Q4 adjusted EPS was $2.30 on revenue of $6.07 billion, beating estimates despite softer nuclear production tax credits and higher operating and interest expenses.
- The company raised its quarterly dividend to $0.4265 per share, payable March 20, reflecting a roughly 10% increase.
- Shares edged higher in premarket trading, and full‑year 2026 guidance will be provided on an investor call scheduled for March 31.
- Coverage reported a $1 billion DOE loan guarantee for the Crane restart backed by a 20‑year Microsoft offtake, and NRC license extensions were approved for the Clinton and Dresden plants.
- Following the $16.4 billion Calpine acquisition, Constellation highlighted new data‑center power contracts, including 380 MW with CyrusOne at Freestone and about 400 MW at Thad Hill.