Constellation Energy reported third-quarter adjusted earnings of $5.06 per share, beating the analyst consensus of $3.89. Revenue was $9.55 billion, also above expectations. The company attributed its strong performance to favorable market conditions and the integration of its Calpine acquisition.
Constellation raised the midpoint of its full-year adjusted operating earnings guidance, setting a range of $12.50 to $12.80 per share.
The company agreed to acquire the Rhode Island State Energy Center. It also announced a long-term collaboration with Google to support new nuclear capacity, reflecting expectations for rising power demand from data centers. Shares rose more than 4% in pre-market trading.