Talen Energy (TLN)

Nasdaq Utilities Independent Power Producers & Energy Traders S&P MidCap 400

$338.64

+22.42 (+7.09%)

Close of Nov 06, 2026 · end-of-day data

Source: Talen Energy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2022	FY2024	FY2025
Revenue	$3.21B	$1.57B	$2.52B
Operating income	$241.00M	$226.00M	-$90.00M
Pre-tax income	-$1.33B	$1.11B	-$166.00M
Income tax	-$35.00M	$98.00M	$53.00M
Net income	-$1.29B	$998.00M	-$219.00M
EBITDA	$761.00M	$524.00M	$189.00M
EPS (basic)	—	$18.40	$-4.79
EPS (diluted)	—	$17.67	$-4.79
Diluted shares	0	56.49M	45.69M
Operating margin	7.5%	14.4%	-3.6%
Net margin	-40.2%	63.4%	-8.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2022	FY2024	FY2025
Cash & equivalents	$988.00M	$328.00M	$689.00M
Receivables	—	$66.00M	$160.00M
Inventory	—	$302.00M	$278.00M
Total current assets	—	$1.04B	$1.35B
Total assets	—	$6.11B	$10.90B
Total current liabilities	—	$455.00M	$1.05B
Short-term debt	—	$17.00M	$29.00M
Long-term debt	—	$2.99B	$6.78B
Total debt	—	$3.00B	$6.81B
Total liabilities	—	$4.72B	$9.81B
Shareholders' equity	-$482.00M	$1.39B	$1.09B

Cash flow

fiscal years · USD

Fiscal year	FY2022	FY2024	FY2025
Operating cash flow	$187.00M	$256.00M	$704.00M
Capital expenditures	$232.00M	$85.00M	$98.00M
Free cash flow	-$45.00M	$171.00M	$606.00M
Investing cash flow	-$368.00M	$1.17B	-$4.00B
Financing cash flow	$426.00M	-$1.96B	$3.69B
Share buybacks	$0	$1.96B	$103.00M
Stock-based compensation	$0	$33.00M	$526.00M
Depreciation & amortization	$520.00M	$298.00M	$279.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$322.00M	$416.00M	$346.00M	$459.00M	$353.00M	$654.00M	$409.00M	$697.00M	$758.00M	$1.57B	$894.00M	$1.66B
Research & development	—	—	$0	$1.00M	—	—	—	—	—	—	—	—
Operating income	$98.00M	$25.00M	$27.00M	$158.00M	$16.00M	-$106.00M	$66.00M	$263.00M	-$313.00M	$210.00M	-$72.00M	$255.00M
Pre-tax income	$236.00M	$388.00M	$570.00M	$179.00M	-$26.00M	-$187.00M	$97.00M	$304.00M	-$380.00M	$81.00M	-$129.00M	$195.00M
Income tax	$48.00M	$69.00M	$112.00M	$11.00M	-$94.00M	-$52.00M	$25.00M	$97.00M	-$17.00M	$18.00M	-$37.00M	$57.00M
Net income	$182.00M	$294.00M	$454.00M	$168.00M	$82.00M	-$135.00M	$72.00M	$207.00M	-$363.00M	$63.00M	-$92.00M	$138.00M
EBITDA	$166.00M	$100.00M	$102.00M	$233.00M	$89.00M	-$32.00M	$136.00M	$324.00M	-$239.00M	$302.00M	$31.00M	$412.00M
EPS (basic)	$3.08	$5.00	$7.90	$3.30	$1.96	$-2.94	$1.58	$4.52	$-7.94	$1.38	$-2.00	$2.90
EPS (diluted)	$3.07	$4.84	$7.60	$3.16	$1.81	$-2.94	$1.50	$4.25	$-7.75	$1.33	$-2.00	$2.88
Diluted shares	370.00K	60.72M	59.77M	53.17M	-1.27M	45.85M	47.91M	48.58M	-2.90M	47.43M	45.90M	47.97M
Operating margin	30.4%	6.0%	7.8%	34.4%	4.5%	-16.2%	16.1%	37.7%	-41.3%	13.4%	-8.1%	15.3%
Net margin	56.5%	70.7%	131.2%	36.6%	23.2%	-20.6%	17.6%	29.7%	-47.9%	4.0%	-10.3%	8.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$400.00M	$1.08B	$632.00M	$648.00M	$328.00M	$295.00M	$122.00M	$497.00M	$689.00M	$1.02B	$231.00M	$335.00M
Receivables	$52.00M	—	$104.00M	$50.00M	$66.00M	$52.00M	$154.00M	$115.00M	$160.00M	$109.00M	$240.00M	$258.00M
Inventory	$375.00M	—	$280.00M	$297.00M	$302.00M	$219.00M	$224.00M	$263.00M	$278.00M	$244.00M	$298.00M	$316.00M
Total current assets	$1.55B	—	$1.95B	$1.67B	$1.04B	$846.00M	$830.00M	$1.05B	$1.35B	$1.51B	$1.03B	$1.15B
Total assets	$7.12B	—	$7.08B	$6.85B	$6.11B	$5.87B	$5.83B	$6.10B	$10.90B	$10.99B	$15.07B	$15.09B
Total current liabilities	$486.00M	—	$433.00M	$408.00M	$455.00M	$522.00M	$452.00M	$457.00M	$1.05B	$1.21B	$1.32B	$1.29B
Short-term debt	$9.00M	—	$9.00M	$9.00M	$17.00M	$17.00M	$17.00M	$17.00M	$29.00M	$29.00M	$29.00M	$29.00M
Long-term debt	$2.81B	—	$2.62B	$2.62B	$2.99B	$2.98B	$2.97B	$2.97B	$6.78B	$6.78B	$9.54B	$9.54B
Total debt	$2.82B	—	$2.63B	$2.62B	$3.00B	$2.99B	$2.99B	$2.99B	$6.81B	$6.81B	$9.57B	$9.57B
Total liabilities	$4.59B	—	$4.51B	$4.40B	$4.72B	$4.68B	$4.58B	$4.63B	$9.81B	$9.92B	$13.43B	$13.48B
Shareholders' equity	$2.46B	$2.77B	$2.51B	$2.39B	$1.39B	$1.18B	$1.25B	$1.47B	$1.09B	$1.07B	$1.62B	$1.58B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$222.00M	$173.00M	-$23.00M	$96.00M	$10.00M	$119.00M	-$184.00M	$489.00M	$280.00M	$461.00M	-$434.00M	$463.00M
Capital expenditures	$56.00M	$25.00M	$20.00M	$13.00M	$27.00M	$18.00M	$33.00M	$21.00M	$26.00M	$42.00M	$139.00M	$167.00M
Free cash flow	$166.00M	$148.00M	-$43.00M	$83.00M	-$17.00M	$101.00M	-$217.00M	$468.00M	$254.00M	$419.00M	-$573.00M	$296.00M
Investing cash flow	-$63.00M	$265.00M	$714.00M	$246.00M	-$54.00M	-$68.00M	-$46.00M	-$42.00M	-$3.85B	-$72.00M	-$2.75B	-$139.00M
Financing cash flow	-$22.00M	-$259.00M	-$656.00M	-$325.00M	-$723.00M	-$96.00M	$45.00M	-$85.00M	$3.82B	-$114.00M	$2.40B	-$213.00M
Share buybacks	$0	$30.00M	$624.00M	$302.00M	$1.00B	$83.00M	$20.00M	$0	$0	$100.00M	$198.00M	$204.00M
Stock-based compensation	$8.00M	$8.00M	$8.00M	$8.00M	$9.00M	$11.00M	$16.00M	$15.00M	$484.00M	-$1.00M	$70.00M	$51.00M
Depreciation & amortization	$68.00M	$75.00M	$75.00M	$75.00M	$73.00M	$74.00M	$70.00M	$61.00M	$74.00M	$92.00M	$103.00M	$157.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.