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Talen Energy Corporation (TLN) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · UTILITIES - INDEPENDENT POWER PRODUCERS · DATA UPDATED 2026-09-19

Talen Energy Corporation (TLN) operates in the UTILITIES - INDEPENDENT POWER PRODUCERS industry and is headquartered in Houston, United States with about 1,880 employees. Its market capitalization is roughly $14 billion. In the fiscal year ended 2025-12-31, TLN reported $2.6B in revenue and ($219M) in net income.

Talen Energy Corporation, an independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

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TLN Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312015-12-312014-12-31
Total Revenue$3.7B$2.6B$2.1B$2.4B$2.4B$1.8B$1.8B$3.6B$4.3B
Gross Profit$1.6B$1.0B$664M$1.1B$770M$241M$451M$203M$487M
Gross Margin %42.1%38.1%32.0%43.3%31.9%13.6%25.1%5.6%11.4%
Operating Income (EBIT)$469M$16M$165M$84M$104M($446M)($159M)$138M$409M
Operating Margin %12.5%0.6%8.0%3.4%4.3%-25.1%-8.9%3.8%9.6%
Net Income($185M)($219M)$998M$613M($1.3B)($989M)($664M)($341M)$139M
Net Margin %-5.0%-8.3%48.1%25.1%-53.4%-55.7%-37.0%-9.4%3.2%
EBITDA$512M$1.8B$977M($326M)($309M)$422M$775M
Earnings Per Share (EPS)$-4.11$-4.79$17.67$10.38$-28.66$-21.99$-3.10$1.08
Shares Outstanding (M)46M56M59M45M45M110M128M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TLN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$959M$1.2B$771M$770M$454M$631M$488M$555M$413M
Gross Profit$370M$489M$363M$353M$94M$191M$152M$176M$58M
Gross Margin %38.6%39.4%47.1%45.8%20.7%30.3%31.1%31.7%14.0%
Operating Income (EBIT)$139M$364M($261M)$227M($26M)$76M$13M$158M$27M
Operating Margin %14.5%29.3%-33.9%29.5%-5.7%12.0%2.7%28.5%6.5%
Net Income($92M)$63M($363M)$207M$72M($135M)$82M$168M$454M
Net Margin %-9.6%5.1%-47.1%26.9%15.9%-21.4%16.8%30.3%109.9%
EBITDA$290M($184M)$465M$246M($15M)$124M$347M$730M
Earnings Per Share (EPS)$-2.00$1.33$-7.70$4.26$1.50$-2.94$1.78$3.16$7.60
Shares Outstanding (M)47M47M49M48M46M46M53M60M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TLN Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312015-12-31
Cash from Operations (CFO)$796M$615M$243M$864M$187M($294M)$102M$768M
Capital Expenditures (CapEx)$352M$206M$189M$348M$312M$224M$161M$521M
Free Cash Flow (FCF)$444M$409M$54M$516M($125M)($518M)($59M)$247M
FCF Margin %11.9%15.6%2.6%21.2%-5.2%-29.2%-3.3%6.8%
Dividends Paid$217M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TLN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)($434M)$461M$280M$489M($184M)$119M$10M$96M($23M)
Capital Expenditures (CapEx)$178M$69M$40M$65M$37M$64M$42M$58M$23M
Free Cash Flow (FCF)($612M)$392M$240M$424M($221M)$55M($32M)$38M($46M)
FCF Margin %-63.8%31.6%31.1%55.1%-48.7%8.7%-6.6%6.9%-11.1%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TLN Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312015-12-312014-12-31
Total Assets$15.1B$10.9B$6.1B$7.1B$10.7B$10.1B$12.8B$13.9B
Cash & Cash Equivalents$231M$752M$329M$400M$988M$276M$247M$1.1B
Total Liabilities$13.4B$9.8B$4.7B$4.6B$11.2B$9.3B$8.5B$8.5B
Total Debt (Short + Long-Term)$9.6B$6.8B$3.0B$2.8B$4.4B$4.7B$1.0B$1.2B
Total Shareholders' Equity$1.6B$1.1B$1.4B$2.5B($573M)$733M$4.3B$5.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TLN viewer.

TLN Metric Deep Dives

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