Strong Financial Performance
Talen Energy reported $230 million of adjusted EBITDA and $97 million of adjusted free cash flow for Q3 2024. Full-year guidance for 2024 adjusted EBITDA was raised to $750 million to $780 million, and free cash flow guidance was raised to $265 million to $285 million.
Operational Achievements
Generated over 27 terawatt hours, with an equivalent forced outage rate of 2.4%, an improvement from 3.5% last year. The Susquehanna nuclear facility contributed significantly.
Strategic Acquisitions and Partnerships
Acquired TeraWulf’s 25% share in Nautilus, providing strategic flexibility. Suspended operations at Nautilus to release 150 megawatts of power for profitable sales.
Increased Index Inclusion
Added to 5 equity indices, driving passive fund demand for Talen's stock.