Constellation Energy annual free cash flow
2020
2021
2022
2023
2024
2025
Constellation Energy Free Cash Flow (FCF) History (CEG)
Constellation Energy reported $1.29B in free cash flow for fiscal 2025, an increase of $6.32B from the previous fiscal year, with a free cash flow margin of 5.68%.
View full Constellation Energy company overviewConstellation Energy free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.29B | $6.32B | — | +5.68% |
| 2024 | 2024-12-31 | −$5.03B | $2.69B | — | −26.52% |
| 2023 | 2023-12-31 | −$7.72B | −$3.68B | — | −37.06% |
| 2022 | 2022-12-31 | −$4.04B | −$1.38B | — | −18.74% |
| 2021 | 2021-12-31 | −$2.67B | −$1.50B | — | −15.46% |
| 2020 | 2020-12-31 | −$1.16B | — | — | −7.09% |
Constellation Energy quarterly free cash flow
Q1.21
Q2.21
Q3.21
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 | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$118.0M | −$828.0M | — | −2.02% |
| Q1 2026 | 2026-03-31 | −$850.0M | −$151.0M | — | −11.27% |
| Q4 2025 | 2025-12-31 | −$181.0M | $1.56B | — | −3.18% |
| Q3 2025 | 2025-09-30 | $1.46B | $2.12B | — | +25.57% |
| Q2 2025 | 2025-06-30 | $710.0M | $1.87B | — | +13.76% |
| Q1 2025 | 2025-03-31 | −$699.0M | $762.0M | — | −11.45% |
| Q4 2024 | 2024-12-31 | −$1.75B | $2.12B | — | −38.56% |
| Q3 2024 | 2024-09-30 | −$664.0M | $728.0M | — | −13.91% |
| Q2 2024 | 2024-06-30 | −$1.16B | −$291.0M | — | −26.31% |
| Q1 2024 | 2024-03-31 | −$1.46B | $133.0M | — | −27.78% |
| Q4 2023 | 2023-12-31 | −$3.87B | −$848.0M | — | −77.47% |
| Q3 2023 | 2023-09-30 | −$1.39B | $92.0M | — | −26.20% |
| Q2 2023 | 2023-06-30 | −$868.0M | −$390.0M | — | −18.46% |
| Q1 2023 | 2023-03-31 | −$1.59B | −$2.54B | — | −27.33% |
| Q4 2022 | 2022-12-31 | −$3.02B | −$466.0M | — | −65.33% |
| Q3 2022 | 2022-09-30 | −$1.48B | −$2.45B | — | −24.52% |
| Q2 2022 | 2022-06-30 | −$478.0M | −$1.40B | — | −8.75% |
| Q1 2022 | 2022-03-31 | $941.0M | $2.94B | — | +17.33% |
| Q4 2021 | 2021-12-31 | −$2.56B | — | — | −63.73% |
| Q3 2021 | 2021-09-30 | $964.0M | — | — | +23.62% |
| Q2 2021 | 2021-06-30 | $918.0M | — | — | +23.54% |
| Q1 2021 | 2021-03-31 | −$1.99B | — | — | −37.88% |
Constellation Energy free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$1.16B to $1.29B, a net increase of $2.45B. Constellation Energy's latest reported quarter, Q2 2026, generated −$118.0M in free cash flow, a decrease of $828.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Constellation Energy source filings ↗Community posts
Constellation and Amazon sign 20-year nuclear-power agreement
Constellation ($CEG) and Amazon ($AMZN) announced a 20-year agreement covering 690 megawatts of nuclear power from the Calvert Cliffs station, including 190 megawatts of planned additional capacity. The arrangement supports more than $3 bil ...
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 ...
