Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Adjusted operating earnings per share
Raised to $11.50 to $12.50 per share, up from the prior range of $11 to $12 per share.

Outlook

Nuclear contract pipeline
The transactional pipeline for future long-term nuclear deals remains robust and active.
PJM regulatory environment
Management expects regulatory clarity from PJM and FERC by year-end, which will improve customer confidence in planning and contracting.
Data center demand
The company believes existing nuclear generation is essential for the early phase of the data economy build-out.
Capital allocation
Constellation plans to continue being opportunistic with the remaining $2.8 billion of its share repurchase authorization.
PTC inflation adjustment
The projected 2030 PTC strike price will increase to $50.88 per megawatt hour, adding approximately $0.30 per share to 2030 base earnings.