Talen Energy Corp Earnings Per Share Disclosure
| Successor | Predecessor | ||||||||||||||||||||||||||||
| Year Ended December 31, 2025 | Year Ended December 31, 2024 | May 18 through December 31, 2023 | January 1 through May 17, 2023 | ||||||||||||||||||||||||||
| Numerator: (Millions of Dollars) | |||||||||||||||||||||||||||||
| Net Income (Loss) | $ | (219) | $ | 1,013 | $ | 143 | $ | 465 | |||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||
| Net income (loss) attributable to noncontrolling interest | — | 15 | 9 | (14) | |||||||||||||||||||||||||
| Net Income (Loss) Attributable to Stockholders | $ | (219) | $ | 998 | $ | 134 | $ | 479 | |||||||||||||||||||||
| Denominator: (Thousands) | |||||||||||||||||||||||||||||
| Weighted-Average Number of Common Shares Outstanding - Basic | 45,692 | 54,254 | 59,029 | — | |||||||||||||||||||||||||
| Warrants | — | — | 84 | — | |||||||||||||||||||||||||
| Restricted stock units | — | 354 | 166 | — | |||||||||||||||||||||||||
| Performance stock units | — | 1,878 | 120 | — | |||||||||||||||||||||||||
| Weighted-Average Number of Common Shares Outstanding - Diluted | 45,692 | 56,486 | 59,399 | — | |||||||||||||||||||||||||
| Earnings per Share - Basic | $ | (4.79) | $ | 18.40 | $ | 2.27 | N/A | ||||||||||||||||||||||
| Earnings per Share - Diluted | (4.79) | 17.67 | 2.26 | N/A | |||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2015 | Feb 29, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.