Talen Energy Corp (TLN)
Talen Energy Corp brought in $4.6B of revenue over the twelve months to September 30, 2026, up 79.9% from a year earlier. It posted a net loss of $254M. Operating cash flow minus capital spending left $606M of free cash flow in fiscal 2025. At September 30, 2026 it held $335M in cash against $9.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Talen Energy Corp
- Net worth
- Talen Energy Corp has a market value (market cap) of $17.3B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.6B (+22.0% year on year), with a net loss of $219M. Over the 12 months to September 30, 2026: revenue $4.6B, net loss $254M.
- Cash flow
- In fiscal 2025 operations brought in $704M of cash; after $98M of capital spending, free cash flow was $606M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Talen Energy Corp's next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Talen Energy Corp does
Talen Energy Corp is registered with the SEC under industry code SIC 4911 (Electric Services). Its shares trade on NASDAQ under the ticker TLN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.6B | -$219M | -$4.79 | $606M |
| 2024 | $2.1B | $998M | $17.67 | $171M |
| 2022 | $3.2B | -$1.3B | n/a | -$45M |
| 2015 | $4.5B | -$341M | -$3.10 | $317M |
| 2015 | $4.6B | $410M | $4.91 | $46M |
| 2013 | $4.5B | -$230M | -$2.75 | -$173M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where TLN ranks in Utilities
Latest SEC filings
What Talen Energy Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 105% to $1.7B versus the same quarter last year; diluted EPS $2.88 versus $4.25.
- November 3, 2026
- September 29, 2026Executive or director change8-KTalen Energy announced Terry Nutt as its next CEO, an upsized share repurchase program of $3.0 billion, and $1.5 billion in accelerated share repurchases.
- August 12, 2026Exhibits 8-K/A
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 42% to $894M versus the same quarter last year; diluted EPS -$2.00 versus $1.50.
- August 5, 2026
- July 14, 2026
- June 23, 2026Passive stake (5% or more) SCHEDULE 13G
- June 18, 2026
- June 18, 2026Exhibits 8-K/A
What is TLN worth? A DCF from its reported cash flow
Insider trades
What the people running Talen Energy Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 15, 2026 | Nutt Terry LPresident | Exercised options | 8,312 | - |
| July 15, 2026 | Nutt Terry LPresident | Shares withheld for tax | 3,271 | $1.3M |
| June 15, 2026 | Abbas Gizman IDirector | Sold | 2,600 | $988K |
| June 8, 2026 | McFarland Mark AllenChief Executive Officer, Director | Other change | 260,335 | - |
| June 8, 2026 | McFarland Mark AllenChief Executive Officer, Director | Other changeindirect | 260,335 | - |
| May 22, 2026 | Schwartzstein Christine BensonDirector | Exercised options | 4,133 | - |
| May 22, 2026 | Nigro JosephDirector | Exercised options | 4,133 | - |
| May 22, 2026 | Nigro JosephDirector | Other change | 1,530 | $496K |
Who owns TLN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Rubric Capital Management LP13G, passive with 1 related filers | 22.29% | November 13, 2024 |
| David Rosen13G, passive with 1 related filers | 7.88% | November 14, 2025 |
| Vanguard Capital Management13G, passive | 5.25% | April 30, 2026 |
| ECP ControlCo, LLC13G, passive with 6 related filers | 5.01% | June 23, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 644 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 4,355,914 | +265,417 |
| Rubric Capital Management LP | 3,602,171 | 0 |
| MFN Partners Management, LP | 3,000,000 | 0 |
| ECP ControlCo, LLC | 2,399,998 | new |
| Vanguard Portfolio Management LLC | 2,166,978 | +70,779 |
| Vanguard Capital Management LLC | 2,053,489 | +7,124 |
| Fred Alger Management, LLC | 1,546,473 | +360,520 |
| Reaves W H & Co Inc | 1,476,664 | -34,033 |
| State Street Corp | 1,379,899 | +36,884 |
| Sachem Head Capital Management LP | 1,370,000 | -177,500 |
| Geode Capital Management, LLC | 953,572 | +43,662 |
| Assenagon Asset Management S.A. | 869,456 | +716,019 |
| Carronade Capital Management, LP | 795,514 | +151,030 |
| Millennium Management LLC | 781,457 | -5,704 |
| Capital World Investors | 757,999 | -17,000 |
| Invesco Ltd. | 588,573 | -374,999 |
| Attestor Capital Ltd | 587,470 | +107,534 |
| Norges Bank | 579,885 | new |
| Two Seas Capital LP | 507,208 | -71,921 |
| William Blair Investment Management, LLC | 497,660 | -27,554 |
Insiders
16 insiders reported holding 693,839 shares in total, about $250.3M at the last price.
| Holder | Shares |
|---|---|
| McFarland Mark AllenChief Executive Officer, Director | 260,452260,335 held indirectly |
| Nutt Terry LPresident | 72,865 |
| Wright Andrew MChief Administrative Officer | 70,200 |
| Berryman BradChief Operating Officer | 67,729 |
| Lebsack Dale E Jr.Chief Asset Dev. Officer | 62,927 |
| Morice Christopher EChief Commercial Officer | 49,174 |
| Muller ColeChief Financial Officer | 42,968 |
| Schaefer StephenDirector | 19,825 |
| Horton Anthony RDirector | 9,265 |
| Casulli Edward T.SVP & Chief Nuclear Officer | 7,205 |
Questions about TLN
What does Talen Energy Corp do?
Talen Energy Corp is a company in the Utilities sector, listed on NASDAQ as TLN. Its shares trade on NASDAQ under the ticker TLN.
What is Talen Energy Corp's net worth?
Talen Energy Corp has a market value (market cap) of $17.3B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Talen Energy Corp profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $254M on revenue of $4.6B.
How much revenue does Talen Energy Corp make?
Over the twelve months to September 30, 2026 Talen Energy Corp reported revenue of $4.6B. That is 79.9% more than a year earlier.
When did Talen Energy Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026.
When is Talen Energy Corp's next earnings report?
Talen Energy Corp's next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Talen Energy Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.