Constellation Energy released its financial results for the third quarter ended September 30, 2024. The company reported operating lease income of $29 million and variable lease income of $69 million for Q3 2024, compared to $29 million and $73 million respectively in Q3 2023. For the nine-month period, operating lease income increased slightly to $47 million from $46 million YoY, while variable lease income decreased to $189 million from $197 million.The company's decommissioning-related activities showed significant improvement, with total decommissioning-related activities recording a gain of $415 million in Q3 2024, compared to a loss of $109 million in Q3 2023. This was primarily driven by net realized income on NDT funds and net unrealized gains on NDT funds for both Regulatory Agreement Units and Non-Regulatory Agreement Units.Other financial highlights include an increase in...Show More

Constellation Energy released its financial results for the third quarter ended September 30, 2024. The company reported operating lease income of $29 million and variable lease income of $69 million for Q3 2024, compared to $29 million and $73 million respectively in Q3 2023. For the nine-month period, operating lease income increased slightly to $47 million from $46 million YoY, while variable lease income decreased to $189 million from $197 million.The company's decommissioning-related activities showed significant improvement, with total decommissioning-related activities recording a gain of $415 million in Q3 2024, compared to a loss of $109 million in Q3 2023. This was primarily driven by net realized income on NDT funds and net unrealized gains on NDT funds for both Regulatory Agreement Units and Non-Regulatory Agreement Units.Other financial highlights include an increase in property taxes to $76 million from $67 million YoY for Q3, and payroll taxes rising to $48 million from $39 million. The company also reported a net realized and unrealized loss of $104 million from equity investments in Q3 2024, contrasting with a gain of $76 million in the same period last year. Overall, the 'Other, net' category showed a substantial increase to $325 million in Q3 2024 from $0 in Q3 2023.