Constellation Energy debt and dilution47

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$24,700M

Cash & equivalents

USD millions

$697M

Net debt

USD millions

$24,003M

Debt / equity

0.76×

Debt / assets

25.14%

Net debt / EBITDA

× · TTM

2.9×

Debt / FCF

× · TTM

79.94×

Interest coverage

× · TTM

5.87×

Current ratio

1.46×

Diluted shares

Million shares

360M shares

Basic shares

Million shares

360M shares

Share count growth

14.65%

Share repurchases

USD millions

—

Quarterly data

Constellation Energy capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	24,700	697	24,003	0.76×	25.14%	2.9×	79.94×	5.87×	1.46×	360	360	14.65%	—
FY 2026 Q1	Mar 31, 2026	22,466	800	21,666	0.66×	23.18%	2.66×	19.76×	8.04×	1.36×	354	354	13.1%	—
FY 2025 Q4	Dec 31, 2025	8,992	3,641	5,351	0.61×	15.71%	0.94×	6.98×	6.04×	1.53×	314	313	-0.63%	0
FY 2025 Q3	Sep 30, 2025	9,037	3,959	5,078	0.62×	16.09%	0.84×	—	7.09×	1.56×	313	313	0%	0
FY 2025 Q2	Jun 30, 2025	8,311	1,974	6,337	0.6×	15.67%	0.98×	—	7.67×	1.48×	314	314	-0.32%	400
FY 2025 Q1	Mar 31, 2025	8,358	1,846	6,512	0.63×	16%	0.98×	—	7.6×	1.47×	314	313	-1.26%	0
FY 2024 Q4	Dec 31, 2024	8,412	3,022	5,390	0.62×	15.89%	0.76×	—	8.6×	1.57×	312.02	315	-1.57%	0
FY 2024 Q3	Sep 30, 2024	8,412	1,793	6,619	0.65×	16.23%	1.1×	—	5.97×	1.7×	314	313	-2.8%	0
FY 2024 Q2	Jun 30, 2024	9,124	311	8,813	0.77×	17.77%	1.6×	—	5.76×	1.35×	316	315	-2.78%	500
FY 2024 Q1	Mar 31, 2024	9,983	562	9,421	0.86×	19.19%	1.89×	—	5.3×	1.43×	318	317	-3.35%	499
FY 2023 Q4	Dec 31, 2023	9,261	368	8,893	0.82×	18.25%	2.16×	—	3.74×	1.31×	321.03	320.03	-3.3%	242
FY 2023 Q3	Sep 30, 2023	8,155	1,889	6,266	0.68×	16.65%	1.58×	—	4.23×	1.88×	323	322	-1.53%	251
FY 2023 Q2	Jun 30, 2023	7,201	269	6,932	0.62×	15.47%	2.37×	—	1.4×	1.45×	325	324	-0.92%	268
FY 2023 Q1	Mar 31, 2023	6,629	237	6,392	0.6×	14.36%	2.54×	—	0.3×	1.36×	328	328	0.31%	231
FY 2022 Q4	Dec 31, 2022	5,768	422	5,346	0.51×	12.3%	1.83×	—	1.98×	1.19×	331.97	330.97	—	0
FY 2022 Q3	Sep 30, 2022	5,354	1,192	4,162	0.48×	11.49%	—	—	—	1.25×	328	327	—	0
FY 2022 Q2	Jun 30, 2022	4,891	806	4,085	0.43×	10.79%	—	—	—	1.38×	328	327	—	0
FY 2022 Q1	Mar 31, 2022	5,819	1,605	4,214	0.51×	12.42%	—	—	—	1.36×	328	327	—	0

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · CEG, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.