Constellation Energy (CEG) Revenue — Quarter Ended Jun 30, 2024
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The filing discusses factors such as carbon mitigation credit prices and capacity auction results.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The filing discusses factors such as carbon mitigation credit prices and capacity auction results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-16.2%
Change from the immediately preceding quarter.
Year-over-year
-6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$20B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $5.3B | -12.2% |
| Dec 31, 2023 | $5B | +11.9% |
| Mar 31, 2024 | $5.3B | -9.8% |
| Jun 30, 2024 | $4.4B | -6.3% |
Revenue performance
Revenue decreased from the prior quarter, continuing a downward trend observed in recent periods. The year-over-year comparison also showed a decline.
Quarterly comparison
Sequentially, revenue was lower than the immediately preceding quarter. On an annual basis, revenue was also below the same quarter one year earlier.
What to watch
Monitor how carbon mitigation credit pricing and capacity auction outcomes influence future revenue trends.