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Nasdaq · Utilities

Talen Energy Corp (TLN)

As-reported financials and SEC filings for Talen Energy Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Talen Energy Corp

Talen Energy Corp is an independent power producer and energy infrastructure company operating approximately 13.1 gigawatts of power generation capacity in the United States. The company owns a diverse fleet including nuclear, natural gas, and coal-fired facilities, primarily serving wholesale power markets in the Mid-Atlantic, Ohio, and Montana regions. Talen sells electricity, capacity, and ancillary services to wholesale customers and has long-term contracts such as a power purchase agreement with Amazon Web Services for carbon-free nuclear power.

Snapshot

Revenue
$2.52B
Revenue growth (YoY)
60.0%
Net income
$-219.0M
Diluted EPS
$-4.79
Gross margin
Operating margin
-3.6%
Net margin
-8.7%
FCF margin
24.1%
ROE
-20.0%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$14.19B
Long-term debt / equity
6.20×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Talen Energy

  • Revenue grew 60.0% to $2.5B in FY2025, after a 51.0% decline the year before.
  • Most recent quarter Q2 FY2026: revenue $894M, up 118.6% from Q2 FY2025.
  • Free cash flow was $606M in FY2025, 24.1% of revenue.
  • Net income turned to a $219M loss in FY2025, from a $998M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Talen Energy’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-3.6%
5th percentile of 86
Net margin-8.7%
4th percentile of 91
FCF margin24.1%
95th percentile of 76
Revenue growth (YoY)+60.0%
98th percentile of 94
ROE-20.0%
9th percentile of 89
Long-term debt / equity6.20×
99th percentile of 84
Short interest2.79d
20th percentile of 98

Talen Energy’s long-term debt to equity of 6.20 ranks in the 99th percentile of the 84 Utilities companies reporting it. Talen Energy’s revenue growth of +60.0% ranks in the 98th percentile of the 94 Utilities companies reporting it. Talen Energy’s net margin of -8.7% ranks in the 4th percentile of the 91 Utilities companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $988,000. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
6
+5 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
8
6 trimmed, 2 exited
Combined position
$1.07B
reported long value
InvestorAs ofPosition valueSharesChange
Sachem Head Capital ManagementQ2 2026$526.4M1.4MReduced
Millennium ManagementquantQ2 2026$300.3M781.5KReduced
Yacktman Asset ManagementQ2 2026$138.3M359.8KReduced
Bridgewater AssociatesQ2 2026$46.7M121.5KReduced
Gotham Asset ManagementQ2 2026$33.0M86.0KAdded
AQR Capital ManagementquantQ2 2026$9.1M23.6KAdded
Citadel AdvisorsquantQ2 2026$8.0M20.7KReduced
Two Sigma InvestmentsquantQ2 2026$3.5M9.1KReduced
Soros Fund ManagementQ2 2026$704,3491.8KNew
Point72 Asset ManagementquantQ2 2026$576,3901.5KHeld
Polen Capital ManagementQ2 2026$566,0151.5KAdded

No longer held by: D. E. Shaw (as of Q2 2026), Lone Pine Capital (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$988K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-15
filed 2026-06-17
ABBAS GIZMAN IDirectorSell2.6K$380.00$988K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.2M
settled 2026-08-14
Change vs prior
-5.0%
vs previous settlement
Days to cover
2.79
at avg daily volume
Avg daily volume
773.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.2M-5.0%2.79
2026-07-312.3M-9.7%3.31
2026-07-152.5M-0.9%3.71
2026-06-302.5M+7.1%2.02
2026-06-152.4M+5.5%3.28
2026-05-292.2M-2.8%2.85
2026-05-152.3M-1.6%3.06
2026-04-302.3M-5.4%4.02

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2022FY2015FY2014
Revenue$2.52B$1.57B$3.21B
Gross profit
Operating income$-90.0M$226.0M$241.0M$-39.0M$397.0M
Net income$-219.0M$998.0M$-1.29B$-341.0M$410.0M
Diluted EPS$-4.79$17.67$-3.10$4.91

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2022FY2015FY2014
Cash and equivalents$689.0M$328.0M$988.0M$141.0M$352.0M
Current assets$1.35B$1.04B$2.76B$2.70B
Total assets$10.90B$6.11B$12.81B$10.76B
Current liabilities$1.05B$455.0M$2.09B$2.89B
Long-term debt$6.78B$2.99B$3.79B$1.68B
Total liabilities$9.81B$4.72B$8.51B$6.85B
Total equity$1.09B$1.39B$-482.0M$4.30B$3.91B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2022FY2015FY2014
Operating cash flow$704.0M$256.0M$187.0M$768.0M$462.0M
Capital expenditure$98.0M$85.0M$232.0M$451.0M$416.0M
Free cash flow$606.0M$171.0M$-45.0M$317.0M$46.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$894.0M118.6%$-92.0M$-2.00
Q1 FY2026$1.57B139.8%$63.0M$1.33
Q4 FY2025$758.0M114.7%$-363.0M$-9.78
Q3 FY2025$697.0M51.9%$207.0M$4.25
Q2 FY2025$409.0M18.2%$72.0M$1.50
Q1 FY2025$654.0M57.2%$-135.0M$-2.94
Q4 FY2024$353.0M$82.0M$1.56
Q3 FY2024$459.0M$168.0M$3.16

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorUtilities
SIC industryElectric Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1622536

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K/A2026-08-12
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-14
View on EDGAR →
8-K/A2026-06-18
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.