Constellation Energy annual debt-to-equity ratio
2021
2022
2023
2024
2025
Constellation Energy Debt-to-Equity Ratio Growth & History (CEG)
Constellation Energy's debt-to-equity ratio was 0.53 for fiscal 2025.
View full Constellation Energy company overviewConstellation Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.53 | −0.07 | −11.72% |
| 2024 | 2024-12-31 | 0.61 | −0.14 | −18.84% |
| 2023 | 2023-12-31 | 0.75 | 0.28 | +58.72% |
| 2022 | 2022-12-31 | 0.47 | −0.04 | −7.06% |
| 2021 | 2021-12-31 | 0.51 | — | — |
Constellation Energy quarterly debt-to-equity ratio
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.60 | −0.02 | −3.31% |
| Q1 2026 | 2026-03-31 | 0.51 | −0.14 | −21.32% |
| Q4 2025 | 2025-12-31 | 0.53 | −0.07 | −11.72% |
| Q3 2025 | 2025-09-30 | 0.63 | −0.04 | −5.90% |
| Q2 2025 | 2025-06-30 | 0.62 | −0.18 | −22.60% |
| Q1 2025 | 2025-03-31 | 0.65 | −0.25 | −27.63% |
| Q4 2024 | 2024-12-31 | 0.61 | −0.14 | −18.84% |
| Q3 2024 | 2024-09-30 | 0.67 | −0.03 | −4.27% |
| Q2 2024 | 2024-06-30 | 0.80 | 0.16 | +24.83% |
| Q1 2024 | 2024-03-31 | 0.89 | 0.27 | +44.26% |
| Q4 2023 | 2023-12-31 | 0.75 | 0.28 | +58.72% |
| Q3 2023 | 2023-09-30 | 0.70 | 0.20 | +41.05% |
| Q2 2023 | 2023-06-30 | 0.64 | 0.20 | +43.88% |
| Q1 2023 | 2023-03-31 | 0.62 | 0.09 | +17.92% |
| Q4 2022 | 2022-12-31 | 0.47 | −0.04 | −7.06% |
| Q3 2022 | 2022-09-30 | 0.50 | — | — |
| Q2 2022 | 2022-06-30 | 0.44 | — | — |
| Q1 2022 | 2022-03-31 | 0.52 | — | — |
| Q4 2021 | 2021-12-31 | 0.51 | — | — |
Constellation Energy debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Constellation Energy's debt-to-equity ratio increased from 0.51 to 0.53, a change of 0.03. The latest reported quarter, Q2 2026, shows 0.60.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Constellation Energy source filings ↗Community posts
Constellation agrees to buy Shell’s Rhode Island power plant for $715 million
Constellation ($CEG) agreed to acquire the Rhode Island State Energy Center from Shell ($SHEL) for $715 million. The 609-megawatt combined-cycle natural-gas plant is located in Johnston, Rhode Island. Constellation estimates that first-year ...