CEG Q2 revenue +23% to $7.50B; net income -39% to $513.0M on non-operating factors

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Operating income fell 39% to $580M in Q2 2026 from $951M in Q2 2025, driven by unfavorable unrealized hedge losses, Calpine merger costs, and nuclear outage impacts, partially offset by Calpine operations and higher capacity revenues.

  MD&A: Operating income verify on EDGAR →
• high

  the earnings decline did not come from operations—operating income fell only 39% to $580M—indicating below-the-line factors (tax, non-operating items) drove the sharper EPS drop.

  Key Financials / MD&A view on EDGAR →
• high

  Company repurchased $2.0B of stock in Q2 2026 (7.1M shares) plus $250M in July (1M shares). Board approved $4.4B authorization increase, leaving $2.8B remaining capacity.

  Notes: Share repurchases verify on EDGAR →