Constellation Energy (CEG) Total Operating Expenses (2021 - 2026)
Constellation Energy's Operating Expenses came in at $7.07 billion for Q3 2026, up 28.9% from $5.48 billion a year earlier and up 2.1% from the prior quarter.
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Analysis
Constellation Energy (CEG) Total Operating Expenses (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Constellation Energy reported Operating Expenses of $28.28 billion, up 31.8% year-over-year; for FY2025, it was $22.45 billion, up 16.4% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 5.3% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $19.29 billion in FY2024 (-17.3%), $23.34 billion in FY2023 (-2.6%), $23.95 billion in FY2022 (+18.6%) and $20.2 billion in FY2021 (+16.3%).
- The five-year range for quarterly Operating Expenses is $4.38 billion (Q2 2024) to $8.8 billion (Q1 2026).
- Year-over-year, Operating Expenses has increased for seven consecutive quarters, with growth averaging 18.1% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2022 (growth of 75.8%), and the weakest in Q1 2024 (a decline of 29.3%).
- Business Quant data shows CEG's Operating Expenses at $6.93 billion (Q2 2026), $8.8 billion (Q1 2026) and $5.48 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Constellation Energy | 98.63 Bn | 93.22 Bn | - |
| 2 | Vistra | 44.52 Bn | 35.00 Bn | - |
| 3 | AXIA Energia | 24.30 Bn | 11.28 Bn | 2.59 Bn |
| 4 | Nrg Energy | 20.38 Bn | 15.19 Bn | 2.23 Bn |
| 5 | Talen Energy | 17.79 Bn | 15.53 Bn | - |
| 6 | Enlight Renewable Energy | 8.73 Bn | 5.30 Bn | 124.81 Mn |
| 7 | Brookfield Renewable Partners | 7.94 Bn | -20.71 Bn | 23.00 Mn |
| 8 | Clearway Energy | 7.36 Bn | 9.95 Bn | - |
| 9 | Ormat Technologies | 5.56 Bn | 4.03 Bn | 77.38 Mn |
| 10 | Oklo | 4.67 Bn | -3.73 Bn | 772,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.07 Bn |
| Jun 30, 2026 | 6.93 Bn |
| Mar 31, 2026 | 8.80 Bn |
| Dec 31, 2025 | 5.48 Bn |
| Sep 30, 2025 | 5.48 Bn |
| Jun 30, 2025 | 5.15 Bn |
| Mar 31, 2025 | 6.34 Bn |
| Dec 31, 2024 | 4.48 Bn |
| Sep 30, 2024 | 5.09 Bn |
| Jun 30, 2024 | 4.38 Bn |
| Mar 31, 2024 | 5.35 Bn |
| Dec 31, 2023 | 5.86 Bn |
| Sep 30, 2023 | 5.13 Bn |
| Jun 30, 2023 | 4.78 Bn |
| Mar 31, 2023 | 7.56 Bn |
| Dec 31, 2022 | 7.49 Bn |
| Sep 30, 2022 | 6.09 Bn |
| Jun 30, 2022 | 5.19 Bn |
| Mar 31, 2022 | 5.17 Bn |
| Dec 31, 2021 | 5.59 Bn |
API Access
Constellation Energy Total Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-operating-expenses&ticker=CEG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-operating-expenses", "ticker": "CEG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-operating-expenses&ticker=CEG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();