Constellation Energy reported on November 9, 2026, that its nuclear fleet generated 46,677 gigawatt-hours of electricity in the third quarter, up from 46,477 GWh in the same quarter of 2025. The total includes its owned share of Salem and South Texas Project output.
Excluding Salem and South Texas Project, the fleet operated at a 97.2% capacity factor during the quarter, compared with 96.8% a year earlier. Refueling outage days at the sites Constellation operates fell to 20 from 23, while non-refueling outage days rose to 6 from 5.
The report also outlined contracts tied to adding output at existing reactors. A 20-year power purchase agreement with Google supports more than $4.3 billion of investment across 11 nuclear units in Illinois, Pennsylvania and New Jersey and is expected to add about 890 MW of capacity to the PJM grid, with the first uprate expected in 2028. A separate 20-year, 690 MW agreement with Amazon tied to Calvert Cliffs supports more than $3 billion in investment, including a 190 MW expansion expected online between 2030 and 2032. A 20-year, 270 MW unit-contingent agreement called Peak+ begins in 2028.
Financing for the uprate work includes a conditional Department of Energy loan commitment of up to $5.0 billion. The loan has a 30-year term, and each advance would carry a fixed rate of 0.375% above comparable U.S. Treasury securities.
The company narrowed its full-year adjusted operating earnings guidance to a range of $12.50 to $12.80 per share. Third-quarter adjusted operating earnings were $5.06 per share, compared with $3.04 a year earlier. "This strong performance allowed us to raise the midpoint of our adjusted operating earnings guidance range for the second time this year," said Shane Smith, Constellation's executive vice president and chief financial officer.
Source: Constellation Energy -- https://www.constellationenergy.com/news/2026/11/constellation-reports-third-quarter-2026-results.html