Talen Energy Q2 net loss of $92 million; raises 2026 Adjusted EBITDA guidance
Talen Energy reported a second quarter 2026 GAAP net loss attributable to stockholders of $92 million, compared with net income of $72 million a year earlier, mainly due to unrealized derivative losses and higher interest expense. Adjusted EBITDA rose to $374 million from $90 million, and the company raised its 2026 Adjusted EBITDA and Adjusted Free Cash Flow guidance after completing the Cornerstone Acquisition in June.
Key points
- Q2 2026 GAAP net loss attributable to stockholders was $92 million, versus net income of $72 million in Q2 2025.
- Q2 2026 Adjusted EBITDA was $374 million, up from $90 million; Adjusted Free Cash Flow was $212 million, compared with a $78 million outflow a year earlier.
- 2026 Adjusted EBITDA guidance raised to $2,025 million to $2,225 million; Adjusted Free Cash Flow guidance raised to $1,200 million to $1,350 million, excluding Keystone as of July 1, 2026.
- Repurchased 550,000 shares for approximately $200 million in Q2 2026, with $1.7 billion of repurchase capacity remaining through December 2028.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.