Q4 2023 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$5.8B-21.0% YoY

Gross Profit

$267M4.6% margin

Operating Income

-$67M-1.2% margin

Net Income

-$36M-0.6% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

-$3.2B

Free Cash Flow

-$3.9B

Stock-Based Comp.

$178M

Balance Sheet

Total Assets

$50.8B

Total Liabilities

$39.5B

Stockholders' Equity

$10.9B

Cash & Equivalents

$368M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.8B	$7.3B	-21.0%
Gross Profit	$267M	$291M	-8.2%
Operating Income	-$67M	-$172M	+61.0%
Net Income	-$36M	$34M	-205.9%

Revenue Segments

Constellation Other Regions

$1.4B30%

Constellation Mid Atlantic

$1.3B29%

Constellation Midwest

$1.1B25%

Constellation New York

$493M11%

Constellation ERCOT

$259M6%

Geographic Segments