Capital Expenditures for Constellation Energy (CEG)
According to Constellation Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $2.95B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$2.95B
YoY change
+15.0%
5Y CAGR
+11.0%
Peak year (2015)
$3.84B
Cumulative capital expenditures
$35.30B
CapEx history chart for Constellation Energy (CEG) from 2012 to 2025
CapEx history table for Constellation Energy (CEG) from 2012 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $2.95B | +15.0% | ||
| 2024 | $2.56B | +5.9% | ||
| 2023 | $2.42B | +43.4% | ||
| 2022 | $1.69B | +27.1% | ||
| 2021 | $1.33B | -23.9% | ||
| 2020 | $1.75B | -5.3% | ||
| 2019 | $1.84B | -17.7% | ||
| 2018 | $2.24B | -0.8% | ||
| 2017 | $2.26B | -26.6% | ||
| 2016 | $3.08B | -19.9% | ||
| 2015 | $3.84B | +27.5% | ||
| 2014 | $3.01B | +9.4% | ||
| 2013 | $2.75B | -23.0% | ||
| 2012 | $3.58B | — |
CapEx values are taken from Constellation Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Constellation Energy (CEG) reported capital expenditures of $2.95B – grew 15.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Constellation Energy capital expenditures compounded at +11.0% per year, sustaining 4 straight years of year-over-year growth.
Constellation Energy capital expenditures declined from $3.84B in 2015 to $2.95B in 2025, a 23.2% drawdown.
$3.84B stands as the all-time-high annual capital expenditures, posted in 2015, against a low of $1.33B during 2021.
Constellation Energy (CEG) sits 7th of 8 Utilities peers we track on this metric, against a peer median of $9.94B.
Constellation Energy Capital Expenditures by Year
Constellation Energy Capital Expenditures 2025: $2.95B
Constellation Energy capital expenditures in 2025 was $2.95B, grew 15.0% from 2024.
Constellation Energy Capital Expenditures 2024: $2.56B
Constellation Energy capital expenditures in 2024 was $2.56B, grew 5.9% from 2023.
Constellation Energy Capital Expenditures 2023: $2.42B
Constellation Energy capital expenditures in 2023 was $2.42B, surged 43.4% from 2022.
Constellation Energy Capital Expenditures 2022: $1.69B
Constellation Energy capital expenditures in 2022 was $1.69B, grew 27.1% from 2021.
Constellation Energy Capital Expenditures 2021: $1.33B
Constellation Energy capital expenditures in 2021 was $1.33B.
See more financial history for Constellation Energy (CEG).
Sector peers — CapEx
Companies in the same sector as Constellation Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Vistra Corp. (VST) | $3.94B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is Constellation Energy's capital expenditures?
- Latest reported capital expenditures for Constellation Energy (CEG) is $2.95B (period ending December 31, 2025).
How has Constellation Energy capital expenditures changed year-over-year?
- Constellation Energy (CEG) capital expenditures changed +15.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Constellation Energy capital expenditures?
- Constellation Energy (CEG) capital expenditures compound annual growth rate is +11.0% over the most recent 5 years available.
When did Constellation Energy capital expenditures hit its highest annual value?
- Constellation Energy capital expenditures reached its highest annual value of $3.84B in 2015.
What was Constellation Energy capital expenditures in 2024?
- Constellation Energy (CEG) capital expenditures in 2024 was $2.56B.
What was Constellation Energy capital expenditures in 2025?
- Constellation Energy (CEG) capital expenditures in 2025 was $2.95B.
Metrics overview
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