# Talen Energy Corp: overview

TLN · Nasdaq · CIK 1622536 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tln.md) · [Financials](/companies/tln/financials.md) · [Filings](/companies/tln/filings.md) · [Insiders](/companies/tln/insiders.md)

Latest reported revenue: [$894.0m](/filings/0001622536-26-000066.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001622536-26-000066).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [459](/filings/0001622536-25-000032.md) | [353 d](/filings/0001622536-26-000017.md) | [654](/filings/0001622536-26-000036.md) | [409](/filings/0001622536-26-000066.md) | [697](/filings/0001622536-25-000032.md) | [758 d](/filings/0001622536-26-000017.md) | [1,568](/filings/0001622536-26-000036.md) | [894](/filings/0001622536-26-000066.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [34.4%](/filings/0001622536-25-000032.md) | [4.5% d](/filings/0001622536-26-000017.md) | [(16.2%)](/filings/0001622536-26-000036.md) | [16.1%](/filings/0001622536-26-000066.md) | [37.7%](/filings/0001622536-25-000032.md) | [(41.3%) d](/filings/0001622536-26-000017.md) | [13.4%](/filings/0001622536-26-000036.md) | [(8.1%)](/filings/0001622536-26-000066.md) |
| Net margin | % | [36.6%](/filings/0001622536-25-000032.md) | [23.2% d](/filings/0001622536-26-000017.md) | [(20.6%)](/filings/0001628280-25-023501.md) | [17.6%](/filings/0001622536-26-000066.md) | [29.7%](/filings/0001622536-25-000032.md) | [(47.9%) d](/filings/0001622536-26-000017.md) | [4.0%](/filings/0001622536-26-000066.md) | [(10.3%)](/filings/0001622536-26-000066.md) |
| Diluted EPS | $ per share | [3.16](/filings/0001622536-25-000032.md) | not reported | [(2.94)](/filings/0001622536-26-000036.md) | [1.50](/filings/0001622536-26-000066.md) | [4.25](/filings/0001622536-25-000032.md) | not reported | [1.33](/filings/0001622536-26-000036.md) | [(2.00)](/filings/0001622536-26-000066.md) |
| Free cash flow | $m | [83.0 d](/filings/0001622536-25-000032.md) | [(17.0) d](/filings/0001622536-26-000017.md) | [101](/filings/0001622536-26-000036.md) | [(217) d](/filings/0001622536-26-000066.md) | [468 d](/filings/0001622536-25-000032.md) | [254 d](/filings/0001622536-26-000017.md) | [419](/filings/0001622536-26-000036.md) | [(573) d](/filings/0001622536-26-000066.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2014-12-31) | FY2015 (2015-12-31) | FY (2022-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | [3,209](/filings/0001628280-25-008786.md) | [1,574](/filings/0001622536-26-000017.md) | [2,518](/filings/0001622536-26-000017.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | [7.5%](/filings/0001628280-25-008786.md) | [14.4%](/filings/0001622536-26-000017.md) | [(3.6%)](/filings/0001622536-26-000017.md) |
| Net margin | % | not reported | not reported | [(40.3%)](/filings/0001628280-25-008786.md) | [63.4%](/filings/0001622536-26-000017.md) | [(8.7%)](/filings/0001622536-26-000017.md) |
| Diluted EPS | $ per share | [4.91](/filings/0001622536-16-000111.md) | [(3.10)](/filings/0001622536-16-000111.md) | not reported | [17.67](/filings/0001622536-26-000017.md) | [(4.79)](/filings/0001622536-26-000017.md) |
| Free cash flow | $m | [46.0](/filings/0001622536-16-000111.md) | [317](/filings/0001622536-16-000111.md) | [(45.0)](/filings/0001628280-25-008786.md) | [171](/filings/0001622536-26-000017.md) | [606](/filings/0001622536-26-000017.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/tln/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.67bn | 4,355,914 |  | Added +265,417 |
| [Rubric Capital Management LP](/funds/1687509.md) | 2026-06-30 | $1.38bn | 3,602,171 |  | Unchanged |
| [MFN Partners Management, LP](/funds/1732811.md) | 2026-06-30 | $1.15bn | 3,000,000 |  | Unchanged |
| [ECP ControlCo, LLC](/funds/1707921.md) | 2026-06-30 | $922.2m | 2,399,998 |  | New +2,399,998 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $832.7m | 2,166,978 |  | Added +70,779 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $789.1m | 2,053,489 |  | Added +7,124 |
| [FRED ALGER MANAGEMENT, LLC](/funds/3520.md) | 2026-06-30 | $594.2m | 1,546,473 |  | Added +360,520 |
| [REAVES W H & CO INC](/funds/740913.md) | 2026-06-30 | $567.4m | 1,476,664 |  | Reduced −34,033 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $530.2m | 1,379,899 |  | Added +36,884 |
| [Sachem Head Capital Management LP](/funds/1582090.md) | 2026-06-30 | $526.4m | 1,370,000 |  | Reduced −177,500 |

## Recent filings

[All 429 filings](/companies/tln/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-29 | 17:02 ET | [8-K](/filings/0001622536-26-000074.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001622536-26-000074 |
| 2026-08-12 | 17:08 ET | [8-K/A](/filings/0001622536-26-000070.md) | 9.01 Financial statements and exhibits | 0001622536-26-000070 |
| 2026-08-05 | 17:17 ET | [10-Q](/filings/0001622536-26-000066.md) | Quarterly report, period 2026-06-30 | 0001622536-26-000066 |
| 2026-08-05 | 16:07 ET | [8-K](/filings/0001622536-26-000065.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001622536-26-000065 |
| 2026-07-14 | 17:29 ET | [8-K](/filings/0001622536-26-000058.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001622536-26-000058 |
| 2026-06-18 | 16:05 ET | [8-K/A](/filings/0001622536-26-000053.md) | 9.01 Financial statements and exhibits | 0001622536-26-000053 |
| 2026-06-15 | 16:07 ET | [8-K](/filings/0001622536-26-000048.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001622536-26-000048 |
| 2026-05-21 | 17:27 ET | [8-K](/filings/0001622536-26-000042.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001622536-26-000042 |
| 2026-05-07 | 16:10 ET | [8-K](/filings/0001622536-26-000039.md) | 5.07 Shareholder vote results | 0001622536-26-000039 |
| 2026-05-05 | 17:10 ET | [10-Q](/filings/0001622536-26-000036.md) | Quarterly report, period 2026-03-31 | 0001622536-26-000036 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001622536-26-000017.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/851f9838-9213-4a7f-8ddc-7b0e2d0d455f)

## About the filer

- CIK: 1622536
- Tickers: TLN
- Exchange: Nasdaq
- SIC code: 4911 Electric Services
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:44 ET. No prices; not investment advice.