Constellation Energy reported robust financial results for the third quarter of 2024, with GAAP Net Income increasing to $3.82 per share, up from $2.26 per share in the prior-year period. Adjusted Operating Earnings also saw a significant rise to $2.74 per share, compared to $2.13 per share in Q3 2023.
The company's operating revenues for the quarter reached $6,550 million, an increase from $6,111 million in Q3 2023, driven by strong commercial performance and portfolio optimization. Constellation's nuclear fleet achieved an exceptional 95% capacity factor during the quarter, exceeding the industry average.
Building on this performance, Constellation raised and narrowed its full-year 2024 Adjusted Operating Earnings guidance range to $8.00 - $8.40 per share, up from the previous range of $7.60 - $8.40 per share. This revised outlook reflects confidence in continued strong operational and commercial execution.
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