TLNNasdaqElectric ServicesUS GAAP · USD

Talen Energy Corp

Talen Energy Corp is a U.S.-based independent power producer that owns and operates a diversified fleet of electricity generation assets, including nuclear, natural gas, and other dispatchable facilities. The company sells electricity, capacity, and ancillary services into wholesale power markets, with operations concentrated in the Mid-Atlantic, Ohio, and Montana.

Kysy yhtiöstä
Liikevaihto2 581milj. USD
+22,0 %v/v
Liikevoitto (EBIT)−90,0milj. USD
−139,8 %v/v
EBIT-marginaali−3,5%
−14,2 %-yks.v/v
Nettotulos−219milj. USD
−121,9 %v/v
Vapaa kassavirta606milj. USD
+254,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2015–2025

−1 00001 0002 0003 0004 000milj. USD2015: EBIT −39 milj. USD20152022: 3 209 milj. USD2022: EBIT 241 milj. USD20222024: 2 115 milj. USD2024: EBIT 226 milj. USD20242025: 2 581 milj. USD2025: EBIT −90 milj. USD20252 581−90
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Talen Energy Corp

Liiketoiminta

Osuus liikevaihdosta
Wholesale power sales55 %

Electricity sold into regional wholesale markets through spot, bilateral, and contracted arrangements.

Capacity revenues20 %

Payments for making generation available to the grid in capacity auctions and related markets.

Ancillary services10 %

Grid support services such as balancing and reliability services provided by generation assets.

Nuclear generation and related credits10 %

Power output and associated nuclear-related revenue streams from the Susquehanna asset.

Contracted digital and industrial supply5 %

Long-term power supply arrangements for data centers and other large-load customers.

Tuotteet

Raportoitu · osuus liikevaihdosta
77,0%19,3%FY2025100 %
  • Electricity Sales and Ancillary Services77,0 %
  • Operating Revenue Capacity19,3 %
  • Physical Electricity Sales Bilateral Contracts Other3,7 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Talen sells primarily to wholesale market participants, including regional transmission organizations and independent system operators, as well as counterparties under bilateral power contracts. It also targets large-load customers such as hyperscale data centers, industrial users, and other end users that value reliable, long-duration power supply.

Wholesale power markets

Regional market operators and market participants buy electricity, capacity, and ancillary services for grid balancing and reliability.

Hyperscale data centers

Large digital infrastructure customers buy long-term, reliable power supply for adjacent or nearby campuses.

Industrial and manufacturing customers

Large industrial users buy firm power contracts to support continuous operations and load growth.

Commercial and other end users

Other large electricity consumers buy contracted supply where reliability and price certainty matter.

Strategia

Talen’s strategy centers on maximizing value from its existing generation fleet through operational reliability, market participation, and disciplined contracting. The company is also building more long-term power supply relationships, especially with large digital and industrial customers, while retaining some merchant exposure to benefit from market volatility.

Expand long-term power contractingLyhyt aikaväli

Long-duration contracts improve earnings visibility and reduce merchant exposure.

Monetize reliable baseload and dispatchable assetsKeskipitkä aikaväli

The fleet’s nuclear and fossil assets can serve customers that need firm power.

Preserve market flexibility through a balanced portfolioKeskipitkä aikaväli

A merchant backstop allows the company to capture upside and manage contract risk.

Grow through selective asset acquisitionsKeskipitkä aikaväli

Adding complementary gas-fired generation can deepen market presence and scale.

Maantiede

Talen’s generation fleet is principally located in the Mid-Atlantic, Ohio, and Montana, with a major presence in the PJM wholesale market. Its business is tied to regional power market structures, transmission access, and local demand patterns rather than a broad retail footprint.

Riskit

Talen’s earnings and cash flows are exposed to wholesale power prices, fuel costs, transmission constraints, and market rule changes in PJM and other regional markets. The company also faces operational hazards from running large generation assets, including nuclear and fossil facilities, as well as cyber and counterparty risks tied to long-term contracting and market hedging.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →PJM market structure and rule changes1Wholesale power and fuel price volatility2Operational and safety hazards at generation facilities3Cybersecurity disruption4Counterparty and contract renewal risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. PJM market structure and rule changesVaikutus: KorkeaTodennäköisyys: Korkea

    Capacity market reforms or state interference can change the value of generation assets.

    Kohdistuu: Primary operating market

  2. Wholesale power and fuel price volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends on market prices for electricity, capacity, and fuel-linked generation economics.

    Kohdistuu: PJM and other U.S. wholesale power markets

  3. Operational and safety hazards at generation facilitiesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Power plants involve mechanical, environmental, and nuclear operating risks that can cause outages or liabilities.

    Kohdistuu: Nuclear and fossil fleet

  4. Cybersecurity disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Generation and trading operations rely on digital systems that can be targeted by attackers.

    Kohdistuu: Operational technology and corporate systems

  5. Counterparty and contract renewal riskVaikutus: KeskitasoTodennäköisyys: Matala

    Long-term contracts may not be renewed on acceptable terms, affecting earnings visibility.

    Kohdistuu: Wholesale and digital infrastructure customers

Kysy Clarifolta: Talen Energy Corp

Kirjanpito

Harkinnanvaraiset erät
Commodity derivatives and hedging

Fair value changes on power and fuel hedges are recognized through earnings and can be volatile.

Vaikutus: Can materially affect operating revenue, energy expense, and EBITDA

Nuclear fuel amortization

Fuel costs are amortized over time and affect the timing of expense recognition.

Vaikutus: Impacts nuclear generation margin comparability

Asset sale gains and losses

Disposition gains can materially affect reported earnings in periods with transactions.

Vaikutus: Can create non-recurring earnings volatility

Asset retirement obligations and environmental liabilities

Large generation assets require long-dated estimates for decommissioning and remediation.

Vaikutus: Affects liabilities, expense recognition, and cash planning

Fair value estimates for long-lived assets and trusts

Valuation assumptions influence impairment testing and trust fund marks.

Vaikutus: Can affect reported asset values and non-operating gains/losses

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Exelon Corporation

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Public Service Enterprise Group Incorporated

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Public Service Co Of New Mexico

PNMXO · Electric & Other Services Combined

Päivitetty: 24.9.2026

Talen Energy Corp (TLN) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo