AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Talen's Q2 2026 operating revenues rose 19% to $747M, but the quarter swung to a $92M net loss driven by a $212M unrealized derivative loss and $214M of interest expense.
Biggest Revenue Drivers
Energy and other revenues$722M+97% YoY
Primarily related to an increase in generation volumes from the Freedom and Guernsey acquisitions and higher output at Susquehanna and dispatchable fossil facilities.
Biggest Revenue Drivers
Total revenue: $747M+19% YoY
Energy and other revenues$722M+97% YoY
Primarily related to an increase in generation volumes from the Freedom and Guernsey acquisitions and higher output at Susquehanna and dispatchable fossil facilities.
Largest Expense Items
Fuel and energy purchases$357M+138% YoY
Associated with higher generation volumes from the Freedom and Guernsey acquisitions and increased dispatch at Susquehanna and fossil facilities.
General and administrative$98M+139% YoY
Mainly stock-based compensation expense for awards granted in Q1 2026 and a change from equity to liability classification for certain awards.
Operation, maintenance and development$210M+9% YoY
Higher generation facility operating costs from Freedom and Guernsey, outage projects, and RMR agreement operating costs.
Margins: Operating income swung to a $(72)M loss from $66M a year earlier, driven by the unrealized derivative loss and higher G&A. Adjusted EBITDA rose to $374M from $90M, per the filing's non-GAAP reconciliation.
Watch Items from the Filing
Net loss of $(92)M in the quarter versus $72M net income a year ago, with interest expense rising to $214M following $4.0B of new debt issued in 2026.
Ten largest single net credit exposures account for 84% of total net credit exposure, primarily investment-grade counterparties.
Cleared 10,180 MW in the 2028/2029 PJM BRA at $325.00/MWd, with expected capacity revenues of $1,186M for that capacity year.
Brandon Shores and H.A. Wagner RMR extension filed at FERC; Maryland Office of People's Counsel and Independent Market Monitor protested, decision expected mid-September.
Legacy coal ash (CCR) and EPA GHG/MATS rules remain uncertain; Colstrip retirement or costly controls could be required before litigation resolves.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Schaefer StephenDirectorOption exercise · May 22, 2026
Olagues Darren JChief Development OfficerOption exercise · May 22, 2026
Plagens Anthony JSVP & Chief Accounting OfficerOption exercise · May 22, 2026
About Talen Energy Corp (TLN): stock profile, AI score and financials
Talen Energy Corp (TLN) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores TLN at 53.0/100 on a composite quality score built from its SEC filings, placing it at rank #1,431 of 2,925 stocks — the top half of the AI-ranked universe. TLN scores in the top quartile across earnings quality (87.9). Areas of concern include profitability (21.2) and balance sheet strength (28.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 8.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Talen Energy Corp reports quarterly revenue of $747.0M, net income of $-92.0M, an operating margin of -9.6%. Top institutional holders of TLN by reported 13-F value include BlackRock, Rubric Capital Management, MFN Partners Management, based on the most recent SEC filings. TLN trades on the Nasdaq exchange and files with the SEC under CIK 1622536. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TLN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Talen Energy Corp directly from SEC EDGAR.