T
Talen Energy Corp
Period
FY 2025
Revenue
$2.58B
Net Income
$-219.00M
Total Assets
$10.90B
Equity
$1.09B
Shares Out
45.40M
Op. Cash Flow
$704.00M
Business
Talen Energy is an independent power producer operating approximately 13.1 GW of generating capacity across nuclear, natural gas, and coal facilities in the United States. The company produces and sells electricity, capacity, and ancillary services into wholesale power markets, primarily PJM. Revenue is derived from wholesale market sales, long-term power purchase agreements including a major contract with AWS, and reliability maintenance agreements for certain coal-fired plants.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2022 2022-12-31 | FY 2015 2015-12-31 | FY 2014 2014-12-31 |
|---|---|---|---|---|---|---|
| Operating revenues | 2,581 | 2,115 | 3,089 | — | — | |
| Fuel and energy purchases | −908 | −694 | −938 | — | — | |
| Nuclear fuel amortization | −97 | −123 | −94 | — | — | |
| Unrealized gain (loss) on derivative instruments (Note 2) | −61 | 20 | −52 | — | — | |
| Energy Expenses | −1,066 | −797 | −1,084 | — | — | |
| Operation, maintenance and development | −620 | −592 | −610 | — | — | |
| General and administrative | −624 | −163 | −106 | — | — | |
| Depreciation, amortization and accretion (Note 7) | −279 | −298 | −520 | — | — | |
| Impairments (Note 7) | 0 | −1 | 0 | — | — | |
| Other operating income (expense), net | −82 | −38 | −40 | — | — | |
| Operating Income (Loss) | −90 | 226 | 241 | −39 | 397 | |
| Nuclear decommissioning trust funds gain (loss), net (Note 6) | 182 | 178 | −184 | — | — | |
| Interest expense and other finance charges (Note 10) | −302 | −238 | −359 | — | — | |
| Reorganization income (expense), net (Note 20) | 0 | 0 | −812 | — | — | |
| Gain (loss) on sale of assets, net (Note 17) | 34 | 884 | 0 | — | — | |
| Other non-operating income (expense), net | 10 | 61 | −44 | −118 | 30 | |
| Income (Loss) Before Income Taxes | −166 | 1,111 | −1,328 | — | — | |
| Income tax benefit (expense) (Note 4) | −53 | −98 | 35 | −27 | 116 | |
| Income (Loss) Before Income Taxes | −219 | 1,013 | −1,293 | −341 | 410 | |
| Less: Net income (loss) attributable to noncontrolling interest | 0 | 15 | −4 | 0 | 0 | |
| Net Income (Loss) Attributable to Stockholders (Successor) / Member (Predecessor) | −219 | 998 | — | −341 | 410 | |
| Net Income (Loss) Attributable to Stockholders - Basic (in dollars per share) | −4.79 | 18.4 | — | −3.1 | 4.91 | |
| Net Income (Loss) Attributable to Stockholders - Diluted (in dollars per share) | −4.79 | 17.67 | — | −3.1 | 4.91 | |
| Weighted-Average Number of Common Shares Outstanding - Basic (in shares) | 46 | 54 | 0 | 110 | 84 | |
| Weighted-Average Number of Common Shares Outstanding - Diluted (in shares) | 46 | 56 | 0 | 110 | 84 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-05-31 | FY 2015 2015-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 689 | 328 | 400 | 169 | — | |
| Restricted cash and cash equivalents (Note 16) | 63 | 37 | 501 | 585 | 106 | |
| Accounts receivable (Note 3) | 196 | 123 | 137 | 145 | — | |
| Inventory, net (Note 5) | 278 | 302 | 375 | 307 | 508 | |
| Derivative instruments (Notes 2 and 11) | 56 | 66 | 89 | 186 | — | |
| Other current assets | 67 | 184 | 52 | 130 | 12 | |
| Total current assets | 1,349 | 1,040 | 1,554 | 1,522 | 2,762 | |
| Property, plant and equipment, net (Note 7) | 7,546 | 3,154 | 3,839 | 3,864 | 8,587 | |
| Nuclear decommissioning trust funds (Notes 6 and 11) | 1,900 | 1,724 | 1,575 | 1,465 | — | |
| Derivative instruments (Notes 2 and 11) | 4 | 5 | 6 | 0 | — | |
| Other noncurrent assets | 106 | 183 | 147 | 208 | 60 | |
| Total Assets | 10,905 | 6,106 | 7,121 | 7,800 | 12,826 | |
| Long-term debt, due within one year (Notes 10 and 11) | 29 | 17 | 9 | 5 | 399 | |
| Accrued interest | 60 | 18 | 32 | 4 | 43 | |
| Accounts payable and other accrued liabilities | 281 | 266 | 344 | 385 | — | |
| Derivative instruments (Notes 2 and 11) | 101 | 0 | 32 | 57 | — | |
| Stock-based compensation liabilities (Note 13) | 501 | 0 | — | — | — | |
| Other current liabilities | 78 | 154 | 69 | 68 | 267 | |
| Total current liabilities | 1,050 | 455 | 486 | 519 | 2,088 | |
| Long-term debt (Notes 10 and 11) | 6,782 | 2,987 | 2,811 | 2,840 | 3,804 | |
| Derivative instruments (Notes 2 and 11) | 67 | 7 | 11 | 42 | — | |
| Postretirement benefit obligations (Note 12) | 229 | 305 | 368 | 335 | — | |
| Asset retirement obligations and accrued environmental costs (Note 8) | 494 | 468 | 469 | 442 | — | |
| Deferred income taxes (Note 4) | 486 | 362 | 407 | 357 | — | |
| Acquired fuel supply contract liabilities (Note 17) | 662 | 0 | — | — | — | |
| Other noncurrent liabilities | 42 | 135 | 35 | 93 | 91 | |
| Total Liabilities | 9,812 | 4,719 | 4,587 | 9,800 | — | |
| Commitments and Contingencies (Note 9) | — | — | — | — | — | |
| Common stock | 0 | 0 | 0 | — | 0 | |
| Additional paid-in capital | 1,709 | 1,725 | 2,346 | — | — | |
| Accumulated retained earnings (deficit) | −612 | −326 | 134 | — | −373 | |
| Accumulated other comprehensive income (loss) | −4 | −12 | −23 | — | −26 | |
| Total Stockholders' Equity | 1,093 | 1,387 | 2,457 | 2,321 | 4,303 | |
| Total Liabilities and Stockholders' Equity | 10,905 | 6,106 | 7,121 | 7,059 | 12,826 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2022 2022-12-31 | FY 2015 2015-12-31 | FY 2014 2014-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation (Note 13) | 526 | 33 | — | — | — | |
| Depreciation, amortization and accretion (Note 16) | 279 | 285 | 549 | — | — | |
| Nuclear decommissioning trust funds (gain) loss, net (excluding interest and fees) (Note 6) | −132 | −130 | 227 | — | — | |
| Unrealized (gains) losses on derivative instruments (Note 2) | 121 | −69 | −647 | — | — | |
| Deferred income taxes | 120 | −46 | −48 | — | — | |
| (Gain) loss on sales of assets, net (Note 17) | −36 | 0 | 0 | — | — | |
| (Gain) loss on AWS Data Campus Sale and ERCOT Sale (Note 17) | 0 | −886 | 0 | 0 | −315 | |
| Reorganization (income) expense, net (Note 20) | 0 | 0 | 99 | — | — | |
| Other (Note 16) | 51 | −59 | 200 | 46 | 36 | |
| Accounts receivable | −44 | 14 | −298 | — | — | |
| Inventory, net | 29 | 67 | −55 | 12 | −97 | |
| Other assets | 182 | −61 | −46 | 4 | 3 | |
| Accounts payable and accrued liabilities | −48 | −69 | 187 | — | — | |
| Accrued interest | 42 | −15 | 250 | — | — | |
| Collateral received (posted), net | −33 | 46 | — | — | — | |
| Other liabilities | −231 | 9 | 310 | −23 | 0 | |
| Net cash provided by (used in) operating activities | 704 | 256 | 187 | 768 | 462 | |
| Freedom and Guernsey Acquisitions, net (Note 17) | −3,793 | 0 | — | — | — | |
| Nuclear decommissioning trust funds investment purchases (Note 6) | −1,962 | −2,295 | −2,271 | — | — | |
| Nuclear decommissioning trust funds investment sale proceeds (Note 6) | 1,927 | 2,263 | 2,243 | — | — | |
| Nuclear fuel expenditures (Note 7) | −108 | −104 | −80 | — | — | |
| Property, plant and equipment expenditures (Note 7) | −98 | −85 | −232 | −451 | −416 | |
| Proceeds from AWS Data Campus Sale and ERCOT Sale (Note 17) | 0 | 1,398 | 0 | 0 | 900 | |
| Proceeds from the sale of assets | 40 | 2 | 0 | — | — | |
| Other | −9 | −8 | 11 | 22 | 19 | |
| Net cash provided by (used in) investing activities | −4,003 | 1,171 | −368 | −915 | 497 | |
| Debt issuances (Note 10) | 3,890 | 849 | 0 | — | — | |
| Share repurchases (Note 15) | −103 | −1,958 | 0 | — | — | |
| Deferred financing costs | −89 | −13 | −59 | — | — | |
| Revolving credit facility borrowings (Note 10) | 75 | 0 | 62 | — | — | |
| Revolving credit facility repayments (Note 10) | −75 | 0 | −62 | — | — | |
| Debt repayments (Note 10) | −17 | −479 | 0 | — | — | |
| Cumulus Digital TLF repayment | 0 | −182 | 0 | — | — | |
| Repurchase of noncontrolling interest | 0 | −125 | 0 | — | — | |
| Cash settlement of restricted stock units | 0 | −32 | 0 | — | — | |
| Exercise or repurchase of warrants | 0 | −16 | 0 | — | — | |
| LMBE-MC TLB payments | 0 | 0 | −52 | — | — | |
| TLB-1 proceeds, net | 0 | 0 | 0 | — | — | |
| Repayment of prepetition secured indebtedness | 0 | 0 | 0 | — | — | |
| Financing proceeds at Emergence, net of discount | 0 | 0 | 0 | — | — | |
| Contributions from member | 0 | 0 | 0 | 82 | 739 | |
| Payment of claims under other prepetition secured indebtedness | 0 | 0 | 0 | — | — | |
| Derivatives with financing elements | 0 | 0 | −104 | — | — | |
| Other | 5 | −7 | −5 | −32 | 0 | |
| Net cash provided by (used in) financing activities | 3,686 | −1,963 | 426 | −64 | −846 | |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 387 | −536 | 245 | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro
Frequently asked questions
What is Talen Energy Corp's CIK number?
Talen Energy Corp's SEC CIK number is 0001622536 (1622536). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Talen Energy Corp's SEC filings?
All of Talen Energy Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Talen Energy Corp last report earnings?
Talen Energy Corp (TLN) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001622536-26-000035). This is Talen Energy Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Talen Energy Corp's most recent earnings 8-K?
Talen Energy Corp's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001622536-26-000035. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Talen Energy Corp's latest earnings 8-K →
Look up any company's CIK number →