Constellation Energy (CEG) Stock Jumps 6% After Q2 Earnings Beat and Guidance Raise

TLDR

• CEG stock rose over 6% in premarket trading after Q2 adjusted EPS of $2.55 beat the $2.34 consensus
• Revenue came in at $7.5 billion, missing the $7.83 billion analyst estimate
• Full-year 2026 adjusted EPS guidance raised to $11.50-$12.50, above prior Wall Street consensus of $11.71
• CEO Joe Dominguez was elected Chairman of the Board effective August 4
• Constellation signed 920 MW of new long-term nuclear power purchase agreements with investment-grade customers

Constellation Energy stock was trading up around 6.56% at $282.50 in premarket Thursday after the company posted a Q2 earnings beat and raised its full-year outlook.

Constellation Energy Corporation, CEG

Adjusted EPS came in at $2.55, up from $1.91 a year ago and ahead of the analyst consensus of around $2.28-$2.34. Revenue for the quarter was $7.5 billion, which fell short of the $7.83 billion Wall Street had expected.

The earnings beat was enough to send the stock sharply higher, recovering some ground after CEG had pulled back from its 52-week high of $412.70.

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