Operating Income for Constellation Energy (CEG)
According to Constellation Energy's latest reported financial statements, the company's current operating income (TTM) is $3.09B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.09B
YoY change
-29.1%
5Y CAGR
+64.5%
Peak year (2024)
$4.35B
Cumulative operating income
$20.24B
Operating Income history chart for Constellation Energy (CEG) from 2012 to 2025
Operating Income history table for Constellation Energy (CEG) from 2012 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.09B | -29.1% | ||
| 2024 | $4.35B | +170.3% | ||
| 2023 | $1.61B | +225.3% | ||
| 2022 | $495.00M | -243.1% | ||
| 2021 | -$346.00M | -235.2% | ||
| 2020 | $256.00M | -80.7% | ||
| 2019 | $1.32B | +35.7% | ||
| 2018 | $975.00M | +3.0% | ||
| 2017 | $947.00M | +15.5% | ||
| 2016 | $820.00M | -64.0% | ||
| 2015 | $2.27B | +93.5% | ||
| 2014 | $1.18B | -29.9% | ||
| 2013 | $1.68B | +5.0% | ||
| 2012 | $1.60B | — |
Operating Income values are taken from Constellation Energy's reported income 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
2025's annual operating income for Constellation Energy (CEG) came in at $3.09B – declined 29.1% year-over-year.
Through 2020–2025 (5 years), Constellation Energy operating income delivered a +64.5% annualised rate; with the latest reading among the more recent periods of the dataset.
Between 2024 and 2025, Constellation Energy operating income declined 29.1%, falling from $4.35B to $3.09B.
2024 marks the peak operating income at $4.35B, with the historical low of -$346.00M recorded in 2021.
Constellation Energy (CEG) sits 7th of 8 Utilities peers we track on this metric, against a peer median of $4.86B.
Constellation Energy Operating Income by Year
Constellation Energy Operating Income 2025: $3.09B
Constellation Energy operating income in 2025 was $3.09B, declined 29.1% below 2024.
Constellation Energy Operating Income 2024: $4.35B
Constellation Energy operating income in 2024 was $4.35B, surged 170.3% from 2023. This figure represents the highest annual value in the available history.
Constellation Energy Operating Income 2023: $1.61B
Constellation Energy operating income in 2023 was $1.61B, surged 225.3% from 2022.
Constellation Energy Operating Income 2022: $495.00M
Constellation Energy operating income in 2022 was $495.00M, plunged 243.1% below 2021.
Constellation Energy Operating Income 2021: -$346.00M
Constellation Energy operating income in 2021 was -$346.00M.
See more financial history for Constellation Energy (CEG).
Sector peers — Operating Income
Companies in the same sector as Constellation Energy, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
| Vistra Corp. (VST) | $1.33B | Utilities |
Frequently asked questions
What is Constellation Energy's operating income?
- Latest reported operating income for Constellation Energy (CEG) is $3.09B (period ending December 31, 2025).
How has Constellation Energy operating income changed year-over-year?
- Constellation Energy (CEG) operating income changed -29.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Constellation Energy operating income?
- Constellation Energy (CEG) operating income compound annual growth rate is +64.5% over the most recent 5 years available.
When did Constellation Energy operating income hit its highest annual value?
- Constellation Energy operating income reached its highest annual value of $4.35B in 2024.
What was Constellation Energy operating income in 2024?
- Constellation Energy (CEG) operating income in 2024 was $4.35B.
What was Constellation Energy operating income in 2025?
- Constellation Energy (CEG) operating income in 2025 was $3.09B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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