NASDAQ: TLN
Talen Energy CorpCIK 0001622536 · Utilities · SIC 4911 · Electric Services
Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 13.1 GW of power infrastructure in the United States, including 2.2 GW of nuclear power and a significant dispatchable fossil fleet. We produce and sell… About this business →
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Talen clears 10,180 MW in PJM 2028/2029 capacity auction at $325/MW-day, securing ~$1.2B
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Talen Energy closes $2.55B acquisition, expands credit facilities by
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Talen Energy refinances $2.6B in credit facilities, cuts interest rates and extends maturity
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Talen Energy reports Q1 2026 earnings results
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Talen announces $3.5B acquisition, issues $4B debt; Q1 results surge on extreme weather
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Latest financial statements
From 10-Q filed May 5, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 1,568 | 654.0 |
| Operating expenses: | ||
| General and administrative | 24.0 | 34.0 |
| Other operating expenses, net | 1,334 | 726.0 |
| Operating income | 210.0 | (106.0) |
| Other income/(expense), net | 12.0 | 5.0 |
| Income before income taxes | 81.0 | (187.0) |
| Income tax expense/(benefit) | 18.0 | (52.0) |
| Net income | (135.0) | |
| Basic earnings per share | 1.38 | (2.94) |
| Diluted earnings per share | 1.33 | (2.94) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 1,025 | 295.0 |
| Accounts receivable, net | 109.0 | 52.0 |
| Other receivables, net | 49.0 | 48.0 |
| Inventories | 244.0 | 219.0 |
| Prepaid expenses and other current assets | 47.0 | 174.0 |
| Other current assets | 35.0 | 58.0 |
| Total current assets | 1,509 | 846.0 |
| Property, plant and equipment, net | 7,499 | 3,138 |
| Deferred income taxes and other assets | 106.0 | 159.0 |
| Other long-term assets | 1,879 | 1,722 |
| TOTAL ASSETS | 10,993 | 5,865 |
| Current liabilities: | ||
| Current portion of long-term debt | 29.0 | 17.0 |
| Accrued liabilities | 80.0 | 156.0 |
| Other current liabilities | 1,101 | 349.0 |
| Total current liabilities | 1,210 | 522.0 |
| Long-term debt | 6,778 | 2,975 |
| Deferred income taxes and other liabilities | 487.0 | 294.0 |
| Other long-term liabilities | 1,445 | 894.0 |
| Total liabilities | 9,920 | 4,685 |
| Shareholders' equity: | ||
| Common stock | — | — |
| Capital in excess of stated value | 1,722 | 1,718 |
| Accumulated other comprehensive income (loss) | (11.0) | (10.0) |
| Retained earnings (deficit) | (638.0) | (528.0) |
| Total shareholders' equity | 1,073 | 1,180 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 10,993 | 5,865 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 461.0 | 119.0 |
| Investing Activities: | ||
| Net cash from investing activities | (72.0) | (68.0) |
| Financing Activities: | ||
| Net cash from financing activities | (114.0) | (96.0) |
| Net increase/(decrease) in cash | 275.0 | (45.0) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
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About Talen Energy Corp
Source: Item 1 (Business) from the 10-K filed February 26, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 13.1 GW of power infrastructure in the United States, including 2.2 GW of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic, Ohio, and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable power.
Our Operations
Our Fleet
The following discussion provides a brief overview of our fleet. See “