CEG
Market read
The latest filing is mixed. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Invalidation: The isolated read changes if CEG's group or a disclosed connection begins moving with it.
Research brief
The latest filing is mixed. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Interest expense, net increased by $165 million for the three months ended June 30, 2026 compared to the same period in 2025, and increased by $272 million for the six months ended June 30, 2026 compared to the same period in 2025, primarily due to a net incr…”10-Q · Aug 6, 2026 ↗
“For the three months ended March 31, 2026 compared to 2025, changes in Purchased power and fuel expense by segment were approximately as follows: Three Months Ended March 31 $ Change % Change Description Mid-Atlantic $ 179 20.9 % • unfavorable $350 associated…”10-Q · May 11, 2026 ↗
“Prior to the Facility amendment discussed in the preceding paragraphs, certain accounts receivable subject to these supplier tariffs were sold to the Purchasers under the Facility.”10-K · Feb 24, 2026 ↗
“Prior to the Facility amendment discussed in the preceding paragraphs, certain accounts receivable subject to these supplier tariffs were sold to the Purchasers under the Facility.”10-K · Feb 24, 2026 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 10:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for CEG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-11 against the comparable filing from 2025-05-06.
“Interest expense, net increased by $107 million for the three months ended March 31, 2026 compared to the same period in 2025, primarily due to a net increase in outstanding debt as a result of the debt assumed and related financing transactions following the acquisition of Calpine in January 2026.”
“2025 Increase (Decrease) Labor, contracting, and materials (a) $ 175 Calpine merger and integration costs 126 Nuclear refueling outage costs (b) 51 Decommissioning-related activities (272) Other 155 Total increase $ 235 __________ (a) Primarily reflects increased employee-related costs, including labor and other incentives, as well as higher contracting expense, driven in large part by the addition of Calpine's operations beginning in January 2026. (b) Includes the co-owned Salem and STP generating units Depreciation and amortization expense increased by $195 million for the three months ended March 31, 2026 compared to the same period in 2025, primarily due to the additional depreciation a...”
“For the three months ended March 31, 2026 compared to 2025, changes in Purchased power and fuel expense by segment were approximately as follows: Three Months Ended March 31 $ Change % Change Description Mid-Atlantic $ 179 20.9 % • unfavorable $350 associated with purchased power to supply load, net of generation, primarily due to higher energy prices, higher prices associated with net capacity costs, and higher costs related to a significant weather event in January 2026;”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“In May 2024, we executed a settlement agreement with all parties (CPS/City of San Antonio, Austin, and NRG Energy, Inc.), resolving all litigation involving our purchase of the ownership interest in STP.”
“We annually evaluate our financing plan and credit line sizing, focusing on maintaining our investment grade ratings while meeting our cash needs to fund capital requirements, including construction expenditures, retire debt, pay dividends, fund pension and O…”
Depended on by
“We are in the process of refinancing the loans secured by the Thames Street and Constellation Energy Building properties, as well as the TD term loan facility.”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
CEG is currently a Follower in the organic co-movement group Utilities - Independent Power Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.