Constellation Energy Initiates 2024 Earnings Guidance

(RTTNews) - Constellation Energy Corporation (CEG) initiated guidance for 2024 adjusted operating earnings of $7.23 to $8.03 per share. Also, the company is targeting long-term base earnings per share growth of at least 10%.

Fourth quarter net loss to shareholders was $36 million compared to net income of $34 million, prior year. Loss per share was $0.11 compared to profit of $0.10. Operating revenues declined to $5.80 billion from $7.33 billion, last year.

Constellation announced plans to grow its dividend per share by 25% in the current year, exceeding the dividend growth target of at least 10% annually. The Board has declared a quarterly dividend of $0.3525 per share on common stock. The dividend is payable on March 19, 2024, to shareholders of record as of March 8, 2024.

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