Constellation Energy Corporation has announced its financial results for the first quarter of 2025, reporting a GAAP Net Income of $0.38 per share. The company's Adjusted (non-GAAP) Operating Earnings were $2.14 per share for the same period, showing an increase from $1.82 per share in the first quarter of the previous year. Constellation reaffirmed its full-year 2025 Adjusted (non-GAAP) Operating Earnings guidance range of $8.90 to $9.60 per share. The company's natural gas operations achieved a dispatch match rate of 99.2% in the first quarter of 2025, an improvement from 97.9% in the first quarter of 2024. Additionally, the renewable energy capture for its wind, solar, and run-of-river hydro fleet was 96.2%, slightly down from 96.3% in the prior year. Significant updates include the progress of the Calpine acquisition, which is on track to be completed by the end of the year, and the selection of the Crane Clean Energy Center for fast-track interconnection in PJM. The company's strong performance is underscored by the robust capabilities of its workforce and the strength of its generation fleet.
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