Constellation Energy — Baltimore’s newest public company — reports $106M profit after spinoff from Exelon

Constellation Energy reported a $106 million profit in its first quarter since returning as a standalone, publicly traded company. The figure was in stark contrast to the $793 million loss the energy supplier posted in the first quarter of 2021, in part the result of a crippling ice storm that wreaked havoc on Texas’ energy industry. Since then, the company (NASDAQ: CEG) has benefited from favorable market conditions and lower nuclear fuel costs, the company said on Thursday.