🔹 Revenue: $6.79B (Est. $5.24B) 🟢
🔹 Adj. EPS: $2.14 (Est. $2.16) 🔴
🔹 Adj. Net Income: $673M (vs. $579M YoY) +16%
FY25 Guidance:
🔹 Adj. EPS: $8.90–$9.60 (Est. $9.57) 🟡
🔸 Guidance reaffirmed despite macro/policy uncertainty
🔸 Calpine acquisition expected to close by Q4'25
Other Q1 Metrics:
🔹 Nuclear Output: 45,582 GWh (vs. 45,391 GWh YoY)
🔹 Nuclear Capacity Factor: 94.1% (vs. 93.3% YoY)
🔹 Gas Fleet Dispatch Match: 99.2% (vs. 97.9% YoY)
🔹 Renewables Capture: 96.2% (vs. 96.3% YoY)
Strategic Updates:
🔸 Crane Clean Energy Center selected for fast-track PJM interconnect
🔸 PJM approved >1,150 MW of clean capacity additions from CEG
🔸 CEO: “We’re powering the AI era… demand from tech partners surging”
🔸 Actively investing in clean, firm capacity amid AI and national security focus
Commentary:
🔸 “Q1 strength highlights fleet reliability, customer demand, and strategic positioning.”
🔸 CEG reaffirmed its long-term value creation strategy, leveraging nuclear/gas mix
🔸 Acquisition of Calpine to create the largest competitive clean energy retailer in U.S.