Key Highlights

• CEG shares rose approximately 3.37 percent to $269.89, a gain of $8.79 from a prior close of $261.10.

• Second quarter adjusted EPS of $2.55 beat the $2.34 consensus, with the company raising full-year adjusted EPS guidance to $11.50-$12.50 from a prior $11-$12.

• The company signed approximately 920 MW of new long-term nuclear power purchase agreements since the last call, with an average length of 18.5 years.

• Regulatory progress accelerated, with NRC approval of the Crane restart license amendment and FERC granting a waiver for transferring Eddystone capacity injection rights.

Earnings Beat and Raised Guidance

Constellation Energy Corporation (NASDAQ:CEG), the nation's largest producer of carbon-free electricity operating a 32,400-megawatt generation fleet, closed up 3.37 percent at $269.89 following its second quarter earnings call. GAAP EPS came in at $1.42, with adjusted operating EPS of $2.55, up 8 percent year over year, driven by Calpine accretion, higher PJM capacity prices, and strong commercial performance. The company raised full-year adjusted operating EPS guidance to $11.50-$12.50, with the midpoint now at the prior top end.

The company signed approximately 920 MW of new long-term nuclear power purchase agreements since the last call, including a first-of-its-kind nuclear PPA with Walmart, bringing total contracted clean baseload output to roughly 30 percent of capacity, with an active transactional pipeline remaining.

Regulatory Progress and Capital Allocation

Regulatory progress is accelerating, with NRC approving the Crane restart license amendment for second-half 2027, FERC granting a waiver to transfer Eddystone capacity injection rights to Crane, and PJM/FERC moving quickly on large-load interconnection rules, with results expected by year-end.

Capital allocation remains disciplined, with $2.2 billion deployed toward share repurchases year-to-date of $2.8 billion in total remaining authorization, and the company agreed to sell the Brazos Valley Energy Center to LS Power for $960 million, satisfying the final DOJ requirement from the Calpine acquisition.

Conclusion

In summary, Constellation Energy (NASDAQ:CEG) shares rose approximately 3.37 percent to $269.89 at last closing, supported by a second quarter earnings beat, raised full-year guidance, and continued progress on long-term nuclear power purchase agreements. These are the verified facts from the earnings release and market data. Whether the advance holds may depend on continued regulatory progress and execution on the company's capital allocation plans.