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Constellation Energy Posts Wider Q2 Loss

Constellation Energy Corp. (CEG) posted a GAAP net loss for the second quarter of $111 million compared to a loss of $61 million, a year ago. Loss per share was $0.34, for the quarter. Adjusted EBITDA decreased to $603 million from $656 million. Operating revenues increased to $5.47 million from $4.15 million.

The company has reaffirmed full-year, adjusted EBITDA guidance of $2.35 billion to $2.75 billion.

Daniel Eggers, CFO, said: "Our balance sheet and liquidity position remain strong, and our investment grade balance sheet continues to give us a valuable competitive advantage in today's volatile markets."

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