CONSTELLATION ENERGY GENERATION LLC
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Cover page
Show cover page
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the Quarterly Period Ended June 30, 2026
or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
| CommissionFile Number | Name of Registrant; State or Other Jurisdiction of Incorporation; Address of Principal Executive Offices; and Telephone Number | IRS Employer Identification Number |
|---|---|---|
| 001-41137 | CONSTELLATION ENERGY CORPORATION | 87-1210716 |
| 333-85496 | CONSTELLATION ENERGY GENERATION, LLC | 23-3064219 |
| (a Pennsylvania limited liability company)200 Energy WayKennett Square, Pennsylvania 19348-2473(833) 883-0162 | ||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| CONSTELLATION ENERGY CORPORATION: | ||
| Common Stock, without par value | CEG | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
| Constellation Energy Corporation | Yes | x | No | ☐ |
|---|---|---|---|---|
| Constellation Energy Generation, LLC | Yes | x | No | ☐ |
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Constellation Energy Corporation | Large Accelerated Filer | x | Accelerated Filer | ☐ | Non-accelerated Filer | ☐ | Smaller Reporting Company | ☐ | Emerging Growth Company | ☐ |
|---|---|---|---|---|---|---|---|---|---|---|
| Constellation Energy Generation, LLC | Large Accelerated Filer | ☐ | Accelerated Filer | ☐ | Non-accelerated Filer | x | Smaller Reporting Company | ☐ | Emerging Growth Company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ Nox
The number of shares outstanding of each registrant’s common stock as of July 31, 2026 was as follows:
| Constellation Energy Corporation Common Stock, without par value | 354,307,379 |
|---|---|
| Constellation Energy Generation, LLC | Not applicable |
TABLE OF CONTENTS
| Page No. | ||
|---|---|---|
| GLOSSARY OF TERMS AND ABBREVIATIONS | 1 | |
| FILING FORMAT | 4 | |
| CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION | 4 | |
| AVAILABLE INFORMATION | 4 | |
| PART I | FINANCIAL INFORMATION | 4 |
| ITEM 1. | FINANCIAL STATEMENTS | 4 |
| Constellation Energy Corporation | ||
| Consolidated Statements of Operations and Comprehensive Income | 5 | |
| Consolidated Statements of Cash Flows | 6 | |
| Consolidated Balance Sheets | 7 | |
| Consolidated Statements of Changes in Equity | 8 | |
| Constellation Energy Generation, LLC | ||
| Consolidated Statements of Operations and Comprehensive Income | 10 | |
| Consolidated Statements of Cash Flows | 11 | |
| Consolidated Balance Sheets | 12 | |
| Consolidated Statements of Changes in Equity | 13 | |
| Combined Notes to Consolidated Financial Statements | ||
| 1. Basis of Presentation | 14 | |
| 2. Mergers, Acquisitions, and Dispositions | 14 | |
| 3. Regulatory Matters | 18 | |
| 4. Revenue from Contracts with Customers | 19 | |
| 5. Segment Information | 21 | |
| 6. Government Assistance | 23 | |
| 7. Accounts Receivable | 24 | |
| 8. Property, Plant, and Equipment | 26 | |
| 9. Asset Retirement Obligations | 26 | |
| 10. Income Taxes | 28 | |
| 11. Retirement Benefits | 30 | |
| 12. Derivative Financial Instruments | 30 | |
| 13. Debt and Credit Agreements | 35 | |
| 14. Fair Value of Financial Assets and Liabilities | 41 | |
| 15. Commitments and Contingencies | 46 | |
| 16. Shareholders' Equity | 47 | |
| 17. Variable Interest Entities | 49 | |
| 18. Supplemental Financial Information | 51 | |
| ITEM 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 54 |
|---|---|---|
| Executive Overview | 54 | |
| Significant Transactions and Developments | 55 | |
| Other Key Business Drivers | 56 | |
| Critical Accounting Policies and Estimates | 57 | |
| Financial Results of Operations | 58 | |
| Liquidity and Capital Resources | 71 | |
| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 75 |
| ITEM 4. | CONTROLS AND PROCEDURES | 81 |
| PART II | OTHER INFORMATION | 79 |
| ITEM 1. | LEGAL PROCEEDINGS | 79 |
| ITEM 1A. | RISK FACTORS | 79 |
| ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 79 |
| ITEM 4. | MINE SAFETY DISCLOSURES | 79 |
| ITEM 5. | OTHER INFORMATION | 80 |
| ITEM 6. | EXHIBITS | 80 |
| SIGNATURES | 82 | |
| Constellation Energy Corporation | 82 | |
| Constellation Energy Generation, LLC | 83 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.