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Constellation Energy Q4 Earnings Surpass Estimates, Revenues Fall Y/Y
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Constellation Energy Corporation (CEG - Free Report) reported fourth-quarter 2024 earnings of $2.44 per share, which surpassed the Zacks Consensus Estimate of $2.19 by 11.4%. The company reported a loss of 11 cents in the year-ago quarter.
Revenues totaled $5.38 billion, which missed the Zacks Consensus Estimate of $5.51 billion by 2.4%. The top line also decreased 7.1% from the year-ago figure of $5.8 billion.
Full-year 2024 revenues totaled $23.6 billion compared with $24.9 billion registered last year.
Constellation Energy Corporation Price, Consensus and EPS Surprise
Total operating expenses were $4.48 billion, down 23.6% from $5.86 billion in the year-ago period.
Operating income totaled $972 million against an operating loss of $67 million in the year-ago quarter.
Net interest expenses decreased 35.3% to $90 million from $139 million in the year-ago period.
Constellation Energy entered into a definitive agreement to acquire Calpine Corporation. This will combine the largest producer of clean, emissions-free energy with Calpine's reliable, dispatchable natural gas assets. It will also create the nation's leading competitive retail supplier poised to meet the growing demand from customers and communities. The deal is composed of 50 million shares of CEG’s common stock and $4.5 billion in cash.
CEG’s Financial Position
As of Dec. 31, 2024, Constellation Energy had cash and cash equivalents of $3.02 billion compared with $0.368 billion as of Dec. 31, 2023.
As of Dec. 31, 2024, the company had a long-term debt of $7.384 billion compared with $7.496 billion as of Dec. 31, 2023.
Cash used in operating activities in 2024 amounted to $2.46 billion compared with $5.30 billion last year.
Total capital expenditures for 2024 were $2.57 billion compared with $2.42 billion a year ago.
CEG’s Guidance
Constellation Energy announced full-year 2025 adjusted operating earnings guidance of $8.90-$9.60 per share. The Zacks Consensus Estimate for the same is pegged at $9.30 per share, which is higher than the midpoint of the guided range.
Energy Transfer (ET - Free Report) reported fourth-quarter 2024 adjusted earnings of 29 cents per unit, which missed the Zacks Consensus Estimate of 36 cents by 19.4%.
ET’s long-term (three to five years) earnings growth rate is 26.18%. The Zacks Consensus Estimate for 2025 sales is pinned at $98.89 billion, implying a year-over-year increase of 19.6%.
Murphy Oil Corporation (MUR - Free Report) delivered fourth-quarter 2024 adjusted net earnings of 35 cents per share, which lagged the Zacks Consensus Estimate of 56 cents by 37.5%.
The Zacks Consensus Estimate for 2025 sales is pinned at $2.98 billion while that for earnings is pegged at $2.99 per share.
Occidental Petroleum (OXY - Free Report) delivered fourth-quarter 2024 adjusted net earnings of 80 cents per share, which beat the Zacks Consensus Estimate of 67 cents by 19.4%.
The Zacks Consensus Estimate for 2025 sales is pinned at $30.16 billion. The company delivered an average earnings surprise of 18.7% in the trailing four quarters.
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Constellation Energy Q4 Earnings Surpass Estimates, Revenues Fall Y/Y
Constellation Energy Corporation (CEG - Free Report) reported fourth-quarter 2024 earnings of $2.44 per share, which surpassed the Zacks Consensus Estimate of $2.19 by 11.4%. The company reported a loss of 11 cents in the year-ago quarter.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
CEG’s Total Revenues
Revenues totaled $5.38 billion, which missed the Zacks Consensus Estimate of $5.51 billion by 2.4%. The top line also decreased 7.1% from the year-ago figure of $5.8 billion.
Full-year 2024 revenues totaled $23.6 billion compared with $24.9 billion registered last year.
Constellation Energy Corporation Price, Consensus and EPS Surprise
Constellation Energy Corporation price-consensus-eps-surprise-chart | Constellation Energy Corporation Quote
Highlights of CEG’s Q4 Release
Total operating expenses were $4.48 billion, down 23.6% from $5.86 billion in the year-ago period.
Operating income totaled $972 million against an operating loss of $67 million in the year-ago quarter.
Net interest expenses decreased 35.3% to $90 million from $139 million in the year-ago period.
Constellation Energy entered into a definitive agreement to acquire Calpine Corporation. This will combine the largest producer of clean, emissions-free energy with Calpine's reliable, dispatchable natural gas assets. It will also create the nation's leading competitive retail supplier poised to meet the growing demand from customers and communities. The deal is composed of 50 million shares of CEG’s common stock and $4.5 billion in cash.
CEG’s Financial Position
As of Dec. 31, 2024, Constellation Energy had cash and cash equivalents of $3.02 billion compared with $0.368 billion as of Dec. 31, 2023.
As of Dec. 31, 2024, the company had a long-term debt of $7.384 billion compared with $7.496 billion as of Dec. 31, 2023.
Cash used in operating activities in 2024 amounted to $2.46 billion compared with $5.30 billion last year.
Total capital expenditures for 2024 were $2.57 billion compared with $2.42 billion a year ago.
CEG’s Guidance
Constellation Energy announced full-year 2025 adjusted operating earnings guidance of $8.90-$9.60 per share. The Zacks Consensus Estimate for the same is pegged at $9.30 per share, which is higher than the midpoint of the guided range.
CEG’s Zacks Rank
Currently, Constellation Energy has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Energy Transfer (ET - Free Report) reported fourth-quarter 2024 adjusted earnings of 29 cents per unit, which missed the Zacks Consensus Estimate of 36 cents by 19.4%.
ET’s long-term (three to five years) earnings growth rate is 26.18%. The Zacks Consensus Estimate for 2025 sales is pinned at $98.89 billion, implying a year-over-year increase of 19.6%.
Murphy Oil Corporation (MUR - Free Report) delivered fourth-quarter 2024 adjusted net earnings of 35 cents per share, which lagged the Zacks Consensus Estimate of 56 cents by 37.5%.
The Zacks Consensus Estimate for 2025 sales is pinned at $2.98 billion while that for earnings is pegged at $2.99 per share.
Occidental Petroleum (OXY - Free Report) delivered fourth-quarter 2024 adjusted net earnings of 80 cents per share, which beat the Zacks Consensus Estimate of 67 cents by 19.4%.
The Zacks Consensus Estimate for 2025 sales is pinned at $30.16 billion. The company delivered an average earnings surprise of 18.7% in the trailing four quarters.