Constellation Energy forecasts 2026 profit below estimates, lifts share buyback plan
Published on March 31, 2026.
Constellation Energy, a Maryland-based company, has raised its share buyback plan for 2026. The company anticipates a rise in power consumption this year and the next, following a second consecutive record-breaking year in the US. The surge in demand is attributed to rapid growth in data centers for artificial intelligence and cryptocurrency, along with a shift towards electric heating and transport. The firm predicts an adjusted profit between $11 per capita and $12 per share for the next year.
Related Articles
UK senior doctors in England to be balloted for strike action, union says
The British Medical Association plans to ballot senior doctors for strike action due to insufficient pay and conditions.
McCormick buys Unilever's food business in deal that values it at nearly $45 billion
McCormick will acquire Unilever's food business for nearly $45 billion, expanding its global portfolio, including Hellmann's mayonnaise and Marmite, with ownership of 65% of the total.
European power companies plot US expansion despite past struggles
European power companies are investing heavily in the United States, despite past setbacks, due to record electricity consumption and fragmented infrastructure.