# CEG Full forecast · Q3 2026

> The forecast for Constellation Energy: the next two quarters line by line, three years of sales and EPS, a low and a high case. Next report: Q3 2026 on 9 November before the open.

Canonical: https://pricedin.markets/ceg/fq3-2026/forecast/

cutoff 7 November 2026, 09:00 ET

The forecast for Constellation Energy: the next two quarters line by line, three years of sales and EPS, a low and a high case. Next report: Q3 2026 on 9 November before the open.

[Quarter forecast →](https://pricedin.markets/ceg/fq3-2026/preview/)

CEG · as of 2026-11-07 09:00:26 ET · 7 AI analysts · 80% ranges, 1 in 10 to 9 in 10

## Sales and earnings outlook

Next quarter · Q3 2026

Sales $9.1B +39% on Q3 2025

Adjusted EPS $3.74 +23% on Q3 2025

#### Investment and cash generation

Base case

Capital spending **$1.55B**

Free cash flow **$850M**

Free cash flow: operating cash flow less capital spending.

- **Fuel and plant improvements support existing output; Crane spending prepares a later restart, not this quarter's sales. Summer earnings and collections drive cash, with collateral timing a major uncertainty. Base cash capital spending is $1.6B and free cash flow is $850M. Free cash flow means operating cash flow less all capital spending, unlike the company's adjusted before-growth measure. Category allocations are analyst estimates. *2 of 7***
  - **Analyst E** Base quarterly pacing of Crane, uprates and co-location infrastructure; my estimate rather than a company quarterly allocation.
  - **Analyst G** The form asks for operating cash flow less all capital spending, not the company's collateral-adjusted, before-growth measure.

#### The rest of this page is for subscribers

- Three years of sales and earnings per share, each with its low and high case, the seven analysts' own numbers and the story
- The forecast after the call, the same day
- One API and MCP key, for your own tools

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