Talen Energy Corp (TLN)
NASDAQ:TLN
Want to see TLN full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026TBA (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.86Last Year’s EPS
1.5Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple strong positives: large year-over-year increases in adjusted EBITDA and free cash flow, tightened leverage (3.1x vs 3.5x target), successful financing actions that reduce interest expense and improve liquidity, a constructive 2027–2028 outlook with meaningful per-share upside and an active share repurchase plan, and a sizable development pipeline with growing spark spreads and data-center demand supporting merchant and contracted revenue upside. Risks discussed include pending regulatory approvals for Cornerstone, zonal basis volatility (PPL vs West Hub), high new-build costs that require PPAs or RVP support, interconnection queue uncertainty, and expected project rationalization in 2026. Overall, the positives—financial strength, accretive M&A, improved financing, strong operational and safety results, and clear upside levers—outweigh the operational and market uncertainties noted.Company Guidance
Strong Quarterly Financial Performance
Q1 adjusted EBITDA of $473 million and adjusted free cash flow of $350 million; adjusted EBITDA more than doubled year-over-year and adjusted free cash flow quadrupled year-over-year following the Freedom and Guernsey acquisitions.
Reaffirmed 2026 Guidance
Reaffirmed full-year 2026 ranges: adjusted EBITDA $1.75B–$2.05B and adjusted free cash flow $980M–$1.18B (guidance excludes pending Cornerstone contribution).
Material Balance Sheet and Financing Actions
Raised $4.0 billion in senior unsecured notes at a blended rate just above 6.25% and retired $1.2 billion of senior secured notes (8.625% coupon), delivering >$40 million per year in interest savings (roughly +$1 of FCF/share). Secured increased liquidity commitments (revolver to $1.35B and L/C to $1.5B).
Healthy Leverage Position
Forecasted 2026 net leverage ratio of 3.1x, below the company target of 3.5x, with expectation to remain below 3.5x upon closing Cornerstone.
Robust 2027–2028 Outlook and Shareholder Returns
Preliminary outlook (including Cornerstone) projects ~ $34/ share FCF in 2027 and ~$36/share in 2028 (a 15% improvement vs January); with assumed 70% FCF used for buybacks, 2028 FCF per share ~ $41 (approx. 30% improvement vs January). Stated program supports continued share repurchases (Q1 buyback $100M).
Operational Performance and Safety
Fleet generated ~16 TWh in Q1 with a 55% fleet capacity factor; recordable incident rate of 0.37 (below industry average). Susquehanna Unit 1 refueling outage completed and synced back to the grid after leveraging prior learnings.
Commercial and Market Tailwinds
Noted appreciation in spark spreads for 2026–2028, summer spark spreads increasing, and ~3% incremental deliveries (weather-adjusted) in PJM in Q1 vs 2025—supporting higher dispatch of flexible assets and upside to merchant revenues (management cited ~ $5/MWh improvement since Mar 31 as additional upside).
Development Pipeline and Strategic M&A
Cornerstone transaction signed (financing closed), pending regulatory approvals (FERC and Indiana expected by summer); development pipeline includes up to ~3,000 acres supporting 3–4 GW of data center capacity and >2 GW of prospective gas+storage projects; >2 GW recently submitted into PJM interconnection cluster.
TLN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TLN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $384.90 | $409.99 | +6.52% |
Feb 26, 2026 | $390.05 | $370.97 | -4.89% |
Nov 05, 2025 | $403.49 | $385.93 | -4.35% |
Aug 07, 2025 | $378.67 | $375.58 | -0.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Talen Energy Corp (TLN) report earnings?
Talen Energy Corp (TLN) is schdueled to report earning on Aug 06, 2026, TBA (Not Confirmed).
What is Talen Energy Corp (TLN) earnings time?
Talen Energy Corp (TLN) earnings time is at Aug 06, 2026, TBA (Not Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TLN EPS forecast?
TLN EPS forecast for the fiscal quarter 2026 (Q2) is 3.86.