# CEG · Constellation Energy Corp

Snapshot 2026-10-26 · CIK 0001868275 · Nasdaq · Electric Services

Price 253.45 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 89.8 B

Machine-readable: https://theclaudetrader.com/s/CEG.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 39.3 (partial: 3, 5) · complete: False · missing tests: 3, 5 · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2020–2025 · price 2026-10-23 · verification {'verified': 5, 'mismatch': 0, 'unverified': 14, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 25.53 revenue $B · threshold >= 1 · points 5.0/5
- 2 Debt <= 2x equity (utility rule): 0.6  · threshold <= 2.0 · points 30.0/30
- 3 Positive earnings each of 10 years: 6 years reported  · threshold 10 of 10 · points None/15
- 4 Dividends every year for 20 years: 4 of 20  · threshold 20 of 20 · points 3.0/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: None  · threshold >= +33% · points None/10
- 6 P/E on 3-year average EPS: 31.3  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 2.81, product 87.9  · threshold <= 1.5 or <= 22.5 · points 1.3/10

Inputs:
  - Price (close, per traded unit): 253.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 25533000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - current_assets: 18965000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - current_liabilities: 13032000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - lt_debt: 19111000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - equity: 31977000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - Net income FY2020: 589000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/ · unverified
  - Net income FY2021: -205000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Net income FY2022: -160000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Net income FY2023: 1623000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Net income FY2024: 3749000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Net income FY2025: 2319000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Dividend years (Yahoo): [2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/CEG/history?filter=div · verified (partly: XBRL covers 4 of 20 years)
  - Dividends per share FY2022 (XBRL): 0.141 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · verified
  - Dividends per share FY2023 (XBRL): 0.282 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · verified
  - Dividends per share FY2024 (XBRL): 0.3525 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · verified
  - Dividends per share FY2025 (XBRL): 0.3878 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · verified
  - EPS diluted FY2023: 5.01 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - EPS diluted FY2024: 11.89 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - EPS diluted FY2025: 7.4 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Shares outstanding: 354307379.0 · 2026-07-31 · SEC cover page 10-Q 0001868275-26-000104 (354,307,379 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ceg-20260630.htm · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/R1.htm

### Magic Formula: — (not scored) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula

### Momentum: 19.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: -27.5 % · threshold  · points 4.3/50
-  6 month return: -13.2 % · threshold  · points 3.4/20
-  Price / 52-week high: 0.635  · threshold  · points 9.5/15
-  Volatility penalty (60d annualised): 47.8 % · threshold  · points 2.0/15

Inputs:
  - Adjusted close series (14 months): 253.45 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 30.9 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.05 bp · threshold  · points 12.9/35
-  Distinct buyers: 1  · threshold  · points 6.2/25
-  Buyer seniority: 0.5  · threshold  · points 10.0/20
-  Recency (half-life 30d): 0.17  · threshold  · points 1.7/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold  · points -0.0/0

Inputs:
  - Form 4 P CRANDALL ROGER W 2026-08-11: 417930.0 · 2026-08-11 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1868275/000090514826003642/

### Buffett Quality: 28.7 (partial: 2) · complete: False · missing tests: 2 · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 40, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 10.0% over 6 yrs  · threshold >= 15% · points 7.2/25
- 2 Profitable every year: 6 years reported  · threshold all years · points None/15
- 3 Net income growth, 3-yr average now vs start of window: +225.0% a year  · threshold >= +10% · points 10.0/10
- 4 Borrowings / 3-yr average earnings (years to repay): 4.9 years · threshold <= 4 · points 11.5/15
- 5 Operating margin, 5-yr average: 7.5%  · threshold >= 20% · points 0.0/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): -2.48  · threshold >= 1.0 · points 0.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): -4.3%  · threshold >= 7% · points 0.0/15

Inputs:
  - Price (close, per traded unit): 253.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2020: 589000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/ · unverified
  - Equity at FY2020 end: 14676000000.0 · 2020-12-31 · SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Net income FY2021: -205000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Equity at FY2021 end: 11219000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/ · unverified
  - Net income FY2022: -160000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Equity at FY2022 end: 11018000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Net income FY2023: 1623000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Equity at FY2023 end: 10925000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Net income FY2024: 3749000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Equity at FY2024 end: 13166000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Net income FY2025: 2319000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Equity at FY2025 end: 14517000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - Net income FY2020: 589000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/ · unverified
  - Net income FY2021: -205000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Net income FY2022: -160000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Net income FY2023: 1623000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Net income FY2024: 3749000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Net income FY2025: 2319000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - debt_incl_current: 7403000000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - debt_short: 5226000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - Operating income FY2021: -346000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Revenue FY2021: 19649000000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Operating income FY2022: 495000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Revenue FY2022: 24440000000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Operating income FY2023: 1610000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Revenue FY2023: 24918000000.0 · 2023-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Operating income FY2024: 4352000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Revenue FY2024: 23568000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Operating income FY2025: 3086000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Revenue FY2025: 25533000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Operating cash flow FY2021: -1338000000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Capital expenditure FY2021: 1329000000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Operating cash flow FY2022: -2353000000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Capital expenditure FY2022: 1689000000.0 · 2022-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Operating cash flow FY2023: -5301000000.0 · 2023-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Capital expenditure FY2023: 2422000000.0 · 2023-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Operating cash flow FY2024: -2464000000.0 · 2024-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Capital expenditure FY2024: 2565000000.0 · 2024-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Operating cash flow FY2025: 4237000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified

### Lynch GARP: 28.1 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): None  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: None  · threshold 12% to 35% a year · points 0.0/20
- 3 P/E on latest annual EPS: 34.2  · threshold <= 25 · points 3.8/10
- 4 Borrowings / equity: 0.39  · threshold <= 0.5 · points 15.0/15
- 5 Years of the last 5 in which EPS rose: 2 of 5  · threshold 5 of 5 · points 6.0/15
- 6 Net cash (cash minus borrowings) / market cap: -13.3%  · threshold >= +10% · points 3.3/10

Inputs:
  - Price (close, per traded unit): 253.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 7.4 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - EPS diluted FY2020: 0.0 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/ · unverified
  - debt_incl_current: 7403000000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - debt_short: 5226000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - equity: 31977000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - cash: 697000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified

### Graham Enterprising: 43.7 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.46  · threshold >= 1.5 · points 13.7/15
- 2 Borrowings vs working capital: 2.13 x · threshold <= 1.1x · points 1.0/15
- 3 No earnings deficit in the last 5 years: 3 of 5 profitable  · threshold 5 of 5 · points 9.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: 0.00 -> 7.40  · threshold higher · points 10.0/10
- 6 Price / book value per share: 2.81  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 253.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 18965000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - current_liabilities: 13032000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - debt_incl_current: 7403000000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - debt_short: 5226000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - Net income FY2021: -205000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/ · unverified
  - Net income FY2022: -160000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/ · unverified
  - Net income FY2023: 1623000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Net income FY2024: 3749000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Net income FY2025: 2319000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - Dividend years (Yahoo): [2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/CEG/history?filter=div
  - EPS diluted FY2025: 7.4 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - EPS diluted FY2020: 0.0 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/ · unverified
  - equity: 31977000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - Shares outstanding: 354307379.0 · 2026-07-31 · SEC cover page 10-Q 0001868275-26-000104 (354,307,379 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ceg-20260630.htm · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/R1.htm

### Piotroski F-Score: 55.6 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 4.1%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 4,237M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 7.1% -> 4.1%  · threshold pass = 1 · points 0.0/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 4,237M vs 2,319M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 14.0% -> 12.7%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 6 Current ratio improved: 1.57 -> 1.53  · threshold pass = 1 · points 0.0/11.11111111111111
- 7 No new shares issued (share count did not rise): 312M -> 354M  · threshold pass = 1 · points 0.0/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 18.5% -> 12.1%  · threshold pass = 1 · points 0.0/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.45 -> 0.45  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 2319000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - total_assets 2025-12-31: 57249000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - cfo 2025-12-31: 4237000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - net_income 2025-12-31: 2319000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - net_income 2024-12-31: 3749000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - total_assets 2025-12-31: 57249000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - total_assets 2024-12-31: 52926000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - cfo 2025-12-31: 4237000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - net_income 2025-12-31: 2319000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - lt_debt 2025-12-31: 7250000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - lt_debt 2024-12-31: 7384000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - total_assets 2025-12-31: 57249000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - total_assets 2024-12-31: 52926000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - current_assets 2025-12-31: 12119000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - current_assets 2024-12-31: 10776000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - current_liabilities 2025-12-31: 7944000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - current_liabilities 2024-12-31: 6846000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - shares_out 2026-07-31: 354307379.0 · 2026-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - shares_out 2025-07-31: 312405579.0 · 2025-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000073/ · unverified
  - operating_income 2025-12-31: 3086000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - operating_income 2024-12-31: 4352000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - revenue 2025-12-31: 25533000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - revenue 2024-12-31: 23568000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - revenue 2025-12-31: 25533000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - revenue 2024-12-31: 23568000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified
  - total_assets 2025-12-31: 57249000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ · unverified
  - total_assets 2024-12-31: 52926000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 253.45 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 354,307,379 underlying shares, period 2026-07-31, SEC cover page 10-Q 0001868275-26-000104 (354,307,379 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/ceg-20260630.htm, accession 0001868275-26-000104 · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000104/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 89,799,205,208 USD; 253.45 (price 2026-10-23) / 1 x 354,307,379 (shares at 2026-07-31) = 89,799,205,208

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2020 (ended 2020-12-31): 17603000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/
- FY2021 (ended 2021-12-31): 19649000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/
- FY2022 (ended 2022-12-31): 24440000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/
- FY2023 (ended 2023-12-31): 24918000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/
- FY2024 (ended 2024-12-31): 23568000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/
- FY2025 (ended 2025-12-31): 25533000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/

## Net income by fiscal year (SEC XBRL)

- FY2020 (ended 2020-12-31): 589000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827523000014/
- FY2021 (ended 2021-12-31): -205000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827524000014/
- FY2022 (ended 2022-12-31): -160000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827525000023/
- FY2023 (ended 2023-12-31): 1623000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/
- FY2024 (ended 2024-12-31): 3749000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/
- FY2025 (ended 2025-12-31): 2319000000.0 · https://www.sec.gov/Archives/edgar/data/1868275/000186827526000032/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2020 (ended 2020-12-31): 0.0 [filed 0.0, split factor 1.0]
- FY2021 (ended 2021-12-31): 0.0 [filed 0.0, split factor 1.0]
- FY2022 (ended 2022-12-31): -0.49 [filed -0.49, split factor 1.0]
- FY2023 (ended 2023-12-31): 5.01 [filed 5.01, split factor 1.0]
- FY2024 (ended 2024-12-31): 11.89 [filed 11.89, split factor 1.0]
- FY2025 (ended 2025-12-31): 7.4 [filed 7.4, split factor 1.0]

## Dividend years (Yahoo history)

2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-08-11 P CRANDALL ROGER W (director) 1500 @ 278.62 = 417930 · https://www.sec.gov/Archives/edgar/data/1868275/000090514826003642/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001868275
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001868275.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001868275&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001868275&type=8-K
- yahoo: https://finance.yahoo.com/quote/CEG
- stooq: https://stooq.com/q/d/?s=ceg.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=CEG
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=CEG
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/ceg/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/CEG
- openinsider (link only, nothing stored): http://openinsider.com/search?q=CEG
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=CEG+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/CEG; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.