Constellation Energy Corporation reports strong 2023 financial performance driven by carbon-free energy investments and targets 10% base earnings growth through 2032.
Constellation Energy Corporation (CEG) has reported strong financial performance in its annual report for 2023, driven by its investments in carbon-free energy generation and the expansion of its renewable energy portfolio. The company, which has more clean, reliable nuclear capacity than all other U.S. competitive generators combined, is targeting long-term base earnings per share growth of at least 10% through the decade, backed by the Inflation Reduction Act's nuclear production tax credit and strong free cash flow generation. For 2024, Constellation Energy has set its adjusted operating earnings guidance of between $7.23 and $8.03 a share.
February 27, 2024
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