Constellation Energy annual net debt
2021
2022
2023
2024
2025
Constellation Energy Net Debt Growth & History (CEG)
Constellation Energy's net debt was $4.11B for fiscal 2025.
View full Constellation Energy company overviewConstellation Energy annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.11B | −$831.0M | −16.80% |
| 2024 | 2024-12-31 | $4.95B | −$2.83B | −36.42% |
| 2023 | 2023-12-31 | $7.78B | $3.02B | +63.61% |
| 2022 | 2022-12-31 | $4.75B | −$413.0M | −7.99% |
| 2021 | 2021-12-31 | $5.17B | — | — |
Constellation Energy quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $18.41B | $12.08B | +190.58% |
| Q1 2026 | 2026-03-31 | $16.19B | $9.68B | +148.68% |
| Q4 2025 | 2025-12-31 | $4.11B | −$831.0M | −16.80% |
| Q3 2025 | 2025-09-30 | $5.08B | −$1.54B | −23.28% |
| Q2 2025 | 2025-06-30 | $6.34B | −$2.48B | −28.09% |
| Q1 2025 | 2025-03-31 | $6.51B | −$2.91B | −30.88% |
| Q4 2024 | 2024-12-31 | $4.95B | −$2.83B | −36.42% |
| Q3 2024 | 2024-09-30 | $6.62B | $353.0M | +5.63% |
| Q2 2024 | 2024-06-30 | $8.81B | $1.88B | +27.14% |
| Q1 2024 | 2024-03-31 | $9.42B | $3.03B | +47.39% |
| Q4 2023 | 2023-12-31 | $7.78B | $3.02B | +63.61% |
| Q3 2023 | 2023-09-30 | $6.27B | $2.10B | +50.55% |
| Q2 2023 | 2023-06-30 | $6.93B | $2.85B | +69.69% |
| Q1 2023 | 2023-03-31 | $6.39B | $2.18B | +51.68% |
| Q4 2022 | 2022-12-31 | $4.75B | −$413.0M | −7.99% |
| Q3 2022 | 2022-09-30 | $4.16B | — | — |
| Q2 2022 | 2022-06-30 | $4.08B | — | — |
| Q1 2022 | 2022-03-31 | $4.21B | — | — |
| Q4 2021 | 2021-12-31 | $5.17B | — | — |
Constellation Energy net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, Constellation Energy's net debt decreased from $5.17B to $4.11B, a change of −$1.05B. The latest reported quarter, Q2 2026, shows $18.41B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. 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 ...