Constellation Energy Corp. (NASDAQ:CEG) shares traded lower Monday. The company reported stronger-than-expected first-quarter fiscal 2026 results and reaffirmed its full-year earnings outlook.

Strong Q1 Earnings Beat Expectations

The U.S. power company reported revenue of $11.122 billion, topping Wall Street estimates of $8.721 billion. Adjusted earnings rose to $2.74 per share from $2.14 a year earlier and exceeded analyst expectations of $2.57 per share.

A Reuters report said Constellation Energy beat Wall Street's first-quarter adjusted profit estimates, driven by stronger U.S. electricity demand and contributions from its recently acquired Calpine assets.

The report also noted that U.S. power consumption reached a record ...