Talen Energy Corp (TLN) financial statements: income statement, balance sheet and cash flow

Talen Energy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Talen Energy Corp reported revenue of $2.6B (+22.0% year on year) and net income of ($219.0M) (-121.9% year on year).

Income statement

Talen Energy Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2015 · FY
Operating revenues	$2.6B	$2.1B	—
Fuel and energy purchases	($908.0M)	($694.0M)	—
Nuclear fuel amortization	($97.0M)	($123.0M)	—
Unrealized gain (loss) on derivative instruments (Note 2)	($61.0M)	$20.0M	—
Energy Expenses	($1.1B)	($797.0M)	—
Operation, maintenance and development	($620.0M)	($592.0M)	—
General and administrative	($624.0M)	($163.0M)	—
Depreciation, amortization and accretion (Note 7)	($279.0M)	($298.0M)	—
Impairments (Note 7)	$0	($1.0M)	—
Other operating income (expense), net	($82.0M)	($38.0M)	—
Operating Income (Loss)	($90.0M)	$226.0M	($39.0M)
Nuclear decommissioning trust funds gain (loss), net (Note 6)	$182.0M	$178.0M	—
Interest expense and other finance charges (Note 10)	($302.0M)	($238.0M)	—
Reorganization income (expense), net (Note 20)	$0	$0	—
Gain (loss) on sale of assets, net (Note 17)	$34.0M	$884.0M	—
Other non-operating income (expense), net	$10.0M	$61.0M	($118.0M)
Income (Loss) Before Income Taxes	($166.0M)	$1.1B	—
Income tax benefit (expense) (Note 4)	($53.0M)	($98.0M)	($27.0M)
Income (Loss) Before Income Taxes	($219.0M)	$1.0B	($341.0M)
Less: Net income (loss) attributable to noncontrolling interest	$0	$15.0M	$0
Net Income (Loss) Attributable to Stockholders (Successor) / Member (Predecessor)	($219.0M)	$998.0M	($341.0M)
Net Income (Loss) Attributable to Stockholders - Basic (in dollars per share)	-$4.79	$18.40	-$3.10
Net Income (Loss) Attributable to Stockholders - Diluted (in dollars per share)	-$4.79	$17.67	-$3.10
Weighted-Average Number of Common Shares Outstanding - Basic (in shares)	45.7M	54.3M	109.9M
Weighted-Average Number of Common Shares Outstanding - Diluted (in shares)	45.7M	56.5M	109.9M

Talen Energy Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Operating revenues	$747.0M	$1.1B	$812.0M	$630.0M
Fuel and energy purchases	($357.0M)	($563.0M)	($259.0M)	($150.0M)
Nuclear fuel amortization	($22.0M)	($24.0M)	($27.0M)	($18.0M)
Unrealized gain (loss) on derivative instruments (Note 2)	$1.0M	($42.0M)	($6.0M)	($84.0M)
Energy Expenses	($378.0M)	($629.0M)	($292.0M)	($252.0M)
Operation, maintenance and development	($210.0M)	($165.0M)	($131.0M)	($192.0M)
General and administrative	($98.0M)	($24.0M)	($38.0M)	($41.0M)
Depreciation, amortization and accretion (Note 7)	($103.0M)	($92.0M)	($61.0M)	($70.0M)
Other operating income (expense), net	($30.0M)	($9.0M)	($27.0M)	($9.0M)
Operating Income (Loss)	($72.0M)	$210.0M	$263.0M	$66.0M
Nuclear decommissioning trust funds gain (loss), net (Note 6)	$134.0M	($22.0M)	$81.0M	$80.0M
Interest expense and other finance charges (Note 10)	($214.0M)	($119.0M)	($67.0M)	($62.0M)
Other non-operating income (expense), net	$23.0M	$12.0M	$2.0M	$4.0M
Income (Loss) Before Income Taxes	($129.0M)	$81.0M	$304.0M	$97.0M
Income tax benefit (expense) (Note 4)	$37.0M	($18.0M)	($97.0M)	($25.0M)
Net Income (Loss)	($92.0M)	$63.0M	$207.0M	$72.0M
Net Income (Loss) Attributable to Stockholders - Basic (in dollars per share)	-$2.00	$1.38	$4.52	$1.58
Net Income (Loss) Attributable to Stockholders - Diluted (in dollars per share)	-$2.00	$1.33	$4.25	$1.50
Weighted-Average Number of Common Shares Outstanding - Basic (in shares)	45.9M	45.6M	45.7M	45.6M
Weighted-Average Number of Common Shares Outstanding - Diluted (in shares)	45.9M	47.4M	48.6M	47.9M
Net Income (Loss) Attributable to Stockholders	($92.0M)	—	$207.0M	$72.0M

Balance sheet

Talen Energy Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2015 · FY
Cash and cash equivalents	$689.0M	$328.0M	$141.0M
Restricted cash and cash equivalents (Note 16)	$63.0M	$37.0M	$106.0M
Accounts receivable (Note 3)	$196.0M	$123.0M	—
Inventory, net (Note 5)	$278.0M	$302.0M	$508.0M
Derivative instruments (Notes 2 and 11)	$56.0M	$66.0M	—
Other current assets	$67.0M	$184.0M	$12.0M
Total current assets	$1.3B	$1.0B	$2.8B
Property, plant and equipment, net (Note 7)	$7.5B	$3.2B	$8.6B
Nuclear decommissioning trust funds (Notes 6 and 11)	$1.9B	$1.7B	—
Derivative instruments (Notes 2 and 11)	$4.0M	$5.0M	—
Other noncurrent assets	$106.0M	$183.0M	$60.0M
Total Assets	$10.9B	$6.1B	$12.8B
Long-term debt, due within one year (Notes 10 and 11)	$29.0M	$17.0M	$399.0M
Accrued interest	$60.0M	$18.0M	$43.0M
Accounts payable and other accrued liabilities	$281.0M	$266.0M	—
Derivative instruments (Notes 2 and 11)	$101.0M	$0	—
Stock-based compensation liabilities (Note 13)	$501.0M	—	—
Other current liabilities	$78.0M	$154.0M	$267.0M
Total current liabilities	$1.1B	$455.0M	$2.1B
Long-term debt (Notes 10 and 11)	$6.8B	$3.0B	$3.8B
Derivative instruments (Notes 2 and 11)	$67.0M	$7.0M	—
Postretirement benefit obligations (Note 12)	$229.0M	$305.0M	—
Asset retirement obligations and accrued environmental costs (Note 8)	$494.0M	$468.0M	—
Deferred income taxes (Note 4)	$486.0M	$362.0M	—
Acquired fuel supply contract liabilities (Note 17)	$662.0M	—	—
Other noncurrent liabilities	$42.0M	$135.0M	$91.0M
Total Liabilities	$9.8B	$4.7B	—
Common stock	$0	$0	$0
Additional paid-in capital	$1.7B	$1.7B	$4.7B
Accumulated retained earnings (deficit)	($612.0M)	($326.0M)	($373.0M)
Accumulated other comprehensive income (loss)	($4.0M)	($12.0M)	($26.0M)
Total Stockholders' Equity	$1.1B	$1.4B	$4.3B
Total Liabilities and Stockholders' Equity	$10.9B	$6.1B	$12.8B

Talen Energy Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$231.0M	$1.0B	$497.0M	$122.0M
Restricted cash and cash equivalents (Note 16)	$7.0M	$2.0M	$0	$13.0M
Accounts receivable (Note 3)	$294.0M	$158.0M	$180.0M	$226.0M
Inventory, net (Note 5)	$298.0M	$244.0M	$263.0M	$224.0M
Derivative instruments (Notes 2 and 11)	$131.0M	$33.0M	$45.0M	$80.0M
Other current assets	$67.0M	$47.0M	$63.0M	$165.0M
Total current assets	$1.0B	$1.5B	$1.0B	$830.0M
Property, plant and equipment, net (Note 7)	$11.9B	$7.5B	$3.1B	$3.1B
Nuclear decommissioning trust funds (Notes 6 and 11)	$2.0B	$1.9B	$1.9B	$1.8B
Derivative instruments (Notes 2 and 11)	$9.0M	$10.0M	$1.0M	$0
Other noncurrent assets	$106.0M	$106.0M	$103.0M	$118.0M
Total Assets	$15.1B	$11.0B	$6.1B	$5.8B
Long-term debt, due within one year (Notes 10 and 11)	$29.0M	$29.0M	$17.0M	$17.0M
Accrued interest	$167.0M	$126.0M	$53.0M	$30.0M
Accounts payable and other accrued liabilities	$347.0M	$248.0M	$192.0M	$226.0M
Derivative instruments (Notes 2 and 11)	$573.0M	$250.0M	$44.0M	$32.0M
Stock-based compensation liabilities (Note 13)	$6.0M	$477.0M	—	—
Other current liabilities	$194.0M	$80.0M	$151.0M	$77.0M
Total current liabilities	$1.3B	$1.2B	$457.0M	$452.0M
Long-term debt (Notes 10 and 11)	$9.5B	$6.8B	$3.0B	$3.0B
Derivative instruments (Notes 2 and 11)	$150.0M	$49.0M	$37.0M	$62.0M
Postretirement benefit obligations (Note 12)	$214.0M	$221.0M	$243.0M	$282.0M
Asset retirement obligations and accrued environmental costs (Note 8)	$497.0M	$496.0M	$477.0M	$478.0M
Deferred income taxes	$904.0M	$487.0M	$409.0M	$297.0M
Acquired contract liabilities (Note 17)	$769.0M	$633.0M	—	—
Other noncurrent liabilities	$36.0M	$46.0M	$36.0M	$38.0M
Total Liabilities	$13.4B	$9.9B	$4.6B	$4.6B
Common stock ($0.001 par value, 350,000,000 shares authorized)	0	0	0	0
Additional paid-in capital	$2.5B	$1.7B	$1.7B	$1.7B
Accumulated retained earnings (deficit)	($905.0M)	($638.0M)	($249.0M)	($456.0M)
Accumulated other comprehensive income (loss)	($12.0M)	($11.0M)	($8.0M)	($9.0M)
Total Stockholders' Equity	$1.6B	$1.1B	$1.5B	$1.2B
Noncontrolling interests	$23.0M	—	—	—
Total Equity	$1.6B	—	—	—
Total Liabilities and Stockholders' Equity	$15.1B	$11.0B	$6.1B	$5.8B

Cash flow statement

Talen Energy Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2015 · FY
Net income (loss)	($219.0M)	$1.0B	($341.0M)
Stock-based compensation (Note 13)	$526.0M	—	—
Depreciation, amortization and accretion (Note 16)	$279.0M	$285.0M	—
Nuclear decommissioning trust funds (gain) loss, net (excluding interest and fees) (Note 6)	($132.0M)	($130.0M)	—
Unrealized (gains) losses on derivative instruments (Note 2)	$121.0M	($69.0M)	—
Deferred income taxes	$120.0M	($46.0M)	—
Nuclear fuel amortization (Note 7)	$97.0M	$123.0M	—
(Gain) loss on sales of assets, net (Note 17)	($36.0M)	$0	—
(Gain) loss on AWS Data Campus Sale and ERCOT Sale (Note 17)	$0	($886.0M)	$0
Reorganization (income) expense, net (Note 20)	$0	$0	—
Impairments (Note 7)	$0	$1.0M	—
Other (Note 16)	$51.0M	($26.0M)	$46.0M
Accounts receivable	($44.0M)	$14.0M	$115.0M
Inventory, net	$29.0M	$67.0M	$12.0M
Other assets	$182.0M	($61.0M)	$4.0M
Accounts payable and accrued liabilities	($48.0M)	($69.0M)	—
Accrued interest	$42.0M	($15.0M)	—
Collateral received (posted), net	($33.0M)	—	—
Other liabilities	($231.0M)	$55.0M	($23.0M)
Net cash provided by (used in) operating activities	$704.0M	$256.0M	$768.0M
Freedom and Guernsey Acquisitions, net (Note 17)	($3.8B)	—	—
Nuclear decommissioning trust funds investment purchases (Note 6)	($2.0B)	($2.3B)	—
Nuclear decommissioning trust funds investment sale proceeds (Note 6)	$1.9B	$2.3B	—
Nuclear fuel expenditures (Note 7)	($108.0M)	($104.0M)	—
Property, plant and equipment expenditures (Note 7)	($98.0M)	($85.0M)	($451.0M)
Proceeds from AWS Data Campus Sale and ERCOT Sale (Note 17)	$0	$1.4B	$0
Proceeds from the sale of assets	$40.0M	$2.0M	—
Other	($9.0M)	$2.0M	($49.0M)
Net cash provided by (used in) investing activities	($4.0B)	$1.2B	($915.0M)
Debt issuances (Note 10)	$3.9B	$849.0M	—
Share repurchases (Note 15)	($103.0M)	($2.0B)	—
Deferred financing costs	($89.0M)	($13.0M)	—
Revolving credit facility borrowings (Note 10)	$75.0M	$0	—
Revolving credit facility repayments (Note 10)	($75.0M)	$0	—
Debt repayments (Note 10)	($17.0M)	($479.0M)	—
Cumulus Digital TLF repayment	$0	($182.0M)	—
Repurchase of noncontrolling interest	$0	($125.0M)	—
Cash settlement of restricted stock units	$0	($32.0M)	—
Exercise or repurchase of warrants	$0	($16.0M)	—
LMBE-MC TLB payments	$0	$0	—
TLB-1 proceeds, net	$0	$0	—
Repayment of prepetition secured indebtedness	$0	$0	—
Financing proceeds at Emergence, net of discount	$0	$0	—
Contributions from member	$0	$0	$82.0M
Payment of claims under other prepetition secured indebtedness	$0	$0	—

Talen Energy Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net Income (Loss)	($29.0M)	$63.0M	$144.0M	($63.0M)
Unrealized (gains) losses on derivative instruments (Note 2)	$352.0M	$152.0M	$68.0M	$103.0M
Depreciation, amortization and accretion (Note 16)	$158.0M	$66.0M	$208.0M	$141.0M
Nuclear decommissioning trust funds (gain) loss, net (excluding interest and fees) (Note 6)	($85.0M)	$35.0M	($112.0M)	($44.0M)
Nuclear fuel amortization (Note 7)	$46.0M	$24.0M	$71.0M	$44.0M
Deferred income taxes	($34.0M)	$5.0M	$44.0M	($66.0M)
Stock-based compensation (Note 13)	$69.0M	($1.0M)	—	—
Other (Note 16)	$35.0M	$4.0M	$80.0M	$34.0M
Accounts receivable	($59.0M)	$38.0M	($57.0M)	($103.0M)
Inventory, net	$10.0M	$34.0M	$35.0M	$78.0M
Other assets	$14.0M	$19.0M	$202.0M	$15.0M
Accounts payable and accrued liabilities	$20.0M	($23.0M)	($91.0M)	($57.0M)
Accrued interest	$107.0M	$66.0M	$36.0M	$12.0M
Collateral received (posted), net	($35.0M)	($8.0M)	($7.0M)	($58.0M)
Cash settlement of stock-based awards (Note 13)	($495.0M)	—	—	—
Other liabilities	($47.0M)	($13.0M)	($161.0M)	($101.0M)
Net cash provided by (used in) operating activities	$27.0M	$461.0M	$424.0M	($65.0M)
Property, plant and equipment expenditures (Note 7)	($181.0M)	($42.0M)	($72.0M)	($51.0M)
Nuclear fuel expenditures (Note 7)	($66.0M)	($27.0M)	($94.0M)	($50.0M)
Nuclear decommissioning trust funds investment purchases (Note 6)	($195.0M)	($112.0M)	($1.9B)	($1.2B)
Nuclear decommissioning trust funds investment sale proceeds (Note 6)	$173.0M	$99.0M	$1.8B	$1.2B
Cornerstone Acquisition, net (Note 17)	($2.6B)	—	—	—
Other	$13.0M	$10.0M	($5.0M)	$2.0M
Net cash provided by (used in) investing activities	($2.8B)	($72.0M)	($156.0M)	($114.0M)
Debt issuances (Note 10)	$4.0B	—	—	—
Debt repayments (Note 10)	($1.2B)	($7.0M)	($13.0M)	($9.0M)
Deferred financing costs	($58.0M)	($3.0M)	($29.0M)	($9.0M)
Revolving credit facility borrowings (Note 10)	$500.0M	$500.0M	$75.0M	$75.0M
Revolving credit facility repayments (Note 10)	($500.0M)	($500.0M)	($75.0M)	($5.0M)
Share repurchases (Note 15)	($298.0M)	($100.0M)	($103.0M)	($103.0M)
Tax payments related to net-settled stock-based awards (Note 13)	($140.0M)	—	—	—
Other	($6.0M)	($4.0M)	$9.0M	$0
Net cash provided by (used in) financing activities	$2.3B	($114.0M)	($136.0M)	($51.0M)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	($514.0M)	$275.0M	$132.0M	($230.0M)
Beginning of period cash and cash equivalents and restricted cash and cash equivalents	$752.0M	$752.0M	$365.0M	$365.0M
End of period cash and cash equivalents and restricted cash and cash equivalents	$238.0M	$1.0B	$497.0M	$135.0M

Talen Energy Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.