Talen Energy Reports Second Quarter 2026 Results, Raises 2026 Guidance
Talen Energy reported second quarter Adjusted EBITDA of $374 million and Adjusted Free Cash Flow of $212 million, a significant increase compared to the prior year. Following the June completion of the Cornerstone Acquisition, which added 2.6 GW of generation, the company raised its 2026 guidance for Adjusted EBITDA to $2.025-$2.225 billion and Adjusted Free Cash Flow to $1.200-$1.350 billion.
Key figures
- Eps
- -2
- Revenue
- 747
- Guidance
- 2026 Adjusted EBITDA $2,025M - $2,225M; Adjusted Free Cash Flow $1,200M - $1,350M
- Revenue Yoy
- 18.6%
- Adjusted Fcf
- 212
- Adjusted Ebitda
- 374
- Total liquidity
- $1.9 billion
- Buyback spend q2
- approximately $200 million
- Pjm auction price
- $325.00 per MWd
- Net leverage target
- 3.5x
- Shares repurchased q2
- 550000
- Pjm auction clearance gw
- 10 GW
- Buyback capacity remaining
- $1.7 billion
- Cornerstone acquisition gw
- 2.6 GW
AI analysis
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