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Talen Energy Corp (TLN)
NASDAQ:TLN
Earnings Data
Report Date
Apr 30, 2026TBA (Not Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
4.08Last Year’s EPS
-2.94Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: FY2025 results beat expectations, Q4 free cash flow was notably robust (Q4 alone exceeded full-year 2024), large acquisitions expanded the fleet (~2.8 GW added) and the Amazon PPA (1.9 GW) plus announced Cornerstone deal provide substantial upside. Management reaffirmed ambitious 2026 guidance (implying ~84% EBITDA and ~106% FCF increases vs FY2025 actuals at midpoints), maintained >$2B liquidity, and raised the $2B share repurchase program. Offsetting these positives are tangible near-term risks: a public setback/uncertainty around Montour, Susquehanna operational and PTC issues, PJM regulatory uncertainty (RBP/cost allocation), and gas/commodity risk complexities that affect PPA structuring. Overall, positive financial and strategic momentum outweigh the operational and regulatory headwinds, but execution and regulatory clarity will be key to realizing the upside.Company Guidance
Strong Full-Year Financial Performance
FY2025 adjusted EBITDA of $1.035 billion and adjusted free cash flow of $524 million, exceeding the high end of the company’s revised guidance issued last quarter.
Quarterly Free Cash Flow Acceleration
Q4 2025 adjusted EBITDA of $382 million and adjusted free cash flow of $292 million; Q4 adjusted free cash flow alone exceeded total adjusted free cash flow for all of 2024, highlighting meaningful cash flow improvement.
Aggressive 2026 Guidance Reaffirmed
Reaffirmed 2026 guidance of adjusted EBITDA $1.75B–$2.05B and adjusted free cash flow $980M–$1.18B. Midpoint comparisons imply ~84% higher adjusted EBITDA and ~106% higher adjusted free cash flow versus FY2025 actuals (midpoint vs FY2025: adjusted EBITDA midpoint $1.9B vs $1.035B; adjusted FCF midpoint $1.08B vs $524M).
Strategic Acquisitions and Pipeline Growth
Closed Freedom and Guernsey in late Nov 2025, adding ~2.8 GW of efficient CCGTs; announced pending Cornerstone acquisition (3 assets in OH/IN) expected to close in summer with management projecting more than $4 of incremental annual adjusted free cash flow per share upon close.
Large-Load Contracting Momentum (AWS/Amazon PPA)
Executed Amazon 'front-of-the-meter' PPA upsized to 1.9 GW (Amazon 2.0), with the AWS ramp contributing to contracted cash flows and upside as the campus progresses; management highlighted potential acceleration mechanics (e.g., 480 MW increments under Susquehanna).
Improved Operations and Safety
Fleet generated ~40 TWh in 2025, ~10% higher vs 2024, with an equivalent forced outage rate of 4.7% and a recordable incident rate of 0.55 (below industry average), demonstrating reliable and relatively safe operations during a busy year and cold winter conditions.
Balance Sheet and Liquidity Strength
More than $2 billion of available liquidity, including $1.2 billion cash and full availability of a $900 million revolver; stated long-term net leverage target below 3.5x and 3.0x net leverage computed as of Feb 20 using 2026 EBITDA guidance midpoint.
Shareholder Capital Return and Cash Conversion
Increased share repurchase program to $2 billion through 2028 and highlighted high free cash flow conversion characteristics of acquired assets, with management focused on maximizing adjusted free cash flow per share.
Hedging and Commercial Discipline
Pragmatic (not programmatic) hedging approach: management layered in additional hedges for 2026 and 2027 when forward spark spreads moved higher; company noted spark spreads appreciation of over 15% in 2026–2028 forwards from end-July to year-end, enabling opportunistic hedging.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $231.31 | $228.61 | -1.17% |
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 Apr 30, 2026, TBA (Not Confirmed).
What is Talen Energy Corp (TLN) earnings time?
Talen Energy Corp (TLN) earnings time is at Apr 30, 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 (Q1) is 4.08.