Talen Energy Corp TLN
Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 13.1 GW of power infrastructure in the United States, including 2.2 GW of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic, Ohio, and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable power.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $1.57B | — | $3.21B | — | — | — | — | — |
| SG&A | $624.0M | $163.0M | — | $106.0M | — | — | — | — | — |
| Operating income | -$90.0M | $226.0M | — | $241.0M | — | -$39.0M | $397.0M | -$293.0M | — |
| Interest expense | — | — | — | — | — | $211.0M | $124.0M | $159.0M | — |
| Pre-tax income | -$166.0M | $1.11B | — | -$1.33B | — | -$368.0M | $303.0M | -$420.0M | — |
| Income tax | $53.0M | $98.0M | — | $35.0M | — | $27.0M | $116.0M | $159.0M | — |
| Net income | -$219.0M | $998.0M | — | -$1.29B | — | -$341.0M | $410.0M | -$230.0M | — |
| EPS, basic | -4.79 | 18.40 | — | — | — | -3.10 | 4.91 | -2.75 | — |
| EPS, diluted | -4.79 | 17.67 | — | — | — | -3.10 | 4.91 | -2.75 | — |
| Shares, diluted (wtd. avg.) | $45.7M | $56.5M | — | $0 | — | $109.9M | $83.5M | $83.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $689.0M | $328.0M | $901.0M | $169.0M | $743.0M | $141.0M | $352.0M | $239.0M | $413.0M |
| Receivables | $160.0M | $66.0M | $52.0M | — | — | $205.0M | $186.0M | — | — |
| Inventory | $278.0M | $302.0M | $375.0M | $307.0M | — | $508.0M | $455.0M | — | — |
| Total current assets | $1.35B | $1.04B | $1.55B | $1.52B | — | $2.76B | $2.70B | — | — |
| Property, plant and equipment | $7.55B | $3.15B | $3.84B | $3.86B | — | $8.59B | $6.44B | — | — |
| Goodwill | — | — | — | — | — | $0 | $72.0M | $86.0M | — |
| Other intangibles | — | — | — | — | — | $310.0M | $257.0M | — | — |
| Total assets | $10.90B | $6.11B | $7.12B | $7.80B | — | $12.83B | $10.76B | — | — |
| Accounts payable | — | — | — | — | — | $291.0M | $361.0M | — | — |
| Short-term debt | $29.0M | $17.0M | $9.0M | $5.0M | — | $399.0M | $535.0M | — | — |
| Total current liabilities | $1.05B | $455.0M | $486.0M | $519.0M | — | $2.09B | $2.89B | — | — |
| Long-term debt | $6.78B | $2.99B | $2.81B | $2.84B | — | $3.80B | $1.68B | — | — |
| Total liabilities | $9.81B | $4.72B | $4.59B | $9.80B | — | — | — | — | — |
| Retained earnings | -$612.0M | -$326.0M | $134.0M | — | — | -$373.0M | $0 | — | — |
| Total equity | $1.09B | $1.39B | $2.53B | $2.32B | — | $4.30B | $3.91B | $4.80B | $3.85B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $704.0M | $256.0M | — | $187.0M | — | $768.0M | $462.0M | $410.0M | — |
| Depreciation and amortisation | $279.0M | $298.0M | — | $520.0M | — | $356.0M | $297.0M | $299.0M | — |
| Stock-based compensation | $526.0M | $33.0M | — | $0 | — | — | — | — | — |
| Capital expenditure | $98.0M | $85.0M | — | $232.0M | — | $451.0M | $416.0M | $583.0M | — |
| Investing cash flow | -$4.00B | $1.17B | — | -$368.0M | — | -$915.0M | $497.0M | -$631.0M | — |
| Financing cash flow | $3.69B | -$1.96B | — | $426.0M | — | -$64.0M | -$846.0M | $47.0M | — |
| Buybacks | $103.0M | $1.96B | — | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001622536-26-000017.
Others in SIC 4911
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NEE | NEXTERA ENERGY INC | $173.98B | 25.3x | 9.8% |
| CEG | Constellation Energy Corp | $105.92B | 40.4x | 19.5% |
| AEP | AMERICAN ELECTRIC POWER CO INC | $67.74B | 18.7x | 8.7% |
| D | DOMINION ENERGY, INC | $57.90B | 19.1x | 16.5% |
| VST | Vistra Corp. | $50.11B | 68.5x | 19.1% |
| DTE | DTE ENERGY CO | $28.31B | 19.4x | — |
| FE | FIRSTENERGY CORP | $27.05B | 26.6x | 12.0% |
| ES | EVERSOURCE ENERGY | $26.76B | 15.6x | 14.3% |