--- title: "Talen Energy | 8-K: FY2026 Q1 Revenue: USD 1.129 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285303721.md" datetime: "2026-05-06T03:21:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285303721.md) - [en](https://longbridge.com/en/news/285303721.md) - [zh-HK](https://longbridge.com/zh-HK/news/285303721.md) --- # Talen Energy | 8-K: FY2026 Q1 Revenue: USD 1.129 B Revenue: As of FY2026 Q1, the actual value is USD 1.129 B. EPS: As of FY2026 Q1, the actual value is USD 1.33, missing the estimate of USD 5.2342. EBIT: As of FY2026 Q1, the actual value is USD 200 M. ### First Quarter 2026 Financial Highlights Talen Energy Corporation reported a GAAP Net Income of $63 million for the first quarter of 2026, a significant increase from a GAAP Net Loss of - $135 million in the first quarter of 2025, primarily driven by higher capacity revenues and energy and other revenues, net of fuel and energy purchases . Adjusted EBITDA reached $473 million, up from $200 million in the prior-year quarter, and Adjusted Free Cash Flow increased to $350 million from $87 million . #### Revenue - **Operating Revenues**: Totaled $1,129 million in Q1 2026, compared to $390 million in Q1 2025 . - **Energy and other revenues**: $1,034 million in Q1 2026, up from $582 million in Q1 2025 . - **Capacity revenues**: $207 million in Q1 2026, significantly higher than $49 million in Q1 2025 . #### Operational Metrics - **Operating Income (Loss)**: Reported $210 million in Q1 2026, an improvement from an operating loss of - $106 million in Q1 2025 . - **Energy Expenses**: Totaled - $629 million in Q1 2026, compared to - $235 million in Q1 2025 . This includes Fuel and energy purchases of - $563 million (Q1 2026) versus - $268 million (Q1 2025) and Nuclear fuel amortization of - $24 million (Q1 2026) versus - $26 million (Q1 2025) . - **Operating Expenses**: Included Operation, maintenance and development costs of - $165 million (Q1 2026) versus - $146 million (Q1 2025), General and administrative expenses of - $24 million (Q1 2026) versus - $34 million (Q1 2025), and Depreciation, amortization and accretion of - $92 million (Q1 2026) versus - $74 million (Q1 2025) . - **Total Generation**: Increased to 15.6 TWh in Q1 2026 from 9.7 TWh in Q1 2025 . - **Capacity Factor**: Rose to 55.1% in Q1 2026 from 42.5% in Q1 2025 . - **Interest expense and other finance charges**: Increased to - $119 million in Q1 2026 from - $74 million in Q1 2025 . #### Balance Sheet and Liquidity (as of March 31, 2026) - **Cash and cash equivalents**: $1,025 million, up from $689 million as of December 31, 2025 . - **Total Assets**: $10,993 million, compared to $10,905 million as of December 31, 2025 . - **Total Liabilities**: $9,920 million, compared to $9,812 million as of December 31, 2025 . - **Total Stockholders’ Equity**: $1,073 million, compared to $1,093 million as of December 31, 2025 . - **Available Liquidity**: Approximately $1.9 billion, comprising $1.0 billion in unrestricted cash and $900 million in available capacity under the revolving credit facility . #### Cash Flow - **Net cash provided by operating activities**: $461 million in Q1 2026, up from $119 million in Q1 2025 . - **Net cash used in investing activities**: - $72 million in Q1 2026, compared to - $68 million in Q1 2025 . - **Net cash used in financing activities**: - $114 million in Q1 2026, compared to - $96 million in Q1 2025 . #### Other Key Metrics - **Share Repurchases**: Talen Energy Corporation repurchased 300,000 shares for $100 million during the quarter, with $1.9 billion remaining under the program through year-end 2028 . - **Hedging Activities**: As of March 31, 2026, approximately 85% of expected generation volumes for 2026 were hedged, 65% for 2027, and 20% for 2028, including the impact of the Nuclear PTC . - **Interest Savings**: More than an aggregate $40 million in annual interest savings are expected due to the redemption of 8.625% Senior Secured Notes . ### Outlook / Guidance Talen Energy Corporation reaffirmed its 2026 guidance, expecting Adjusted EBITDA to range between $1,750 million and $2,050 million . Adjusted Free Cash Flow guidance for 2026 remains between $980 million and $1,180 million . This guidance excludes the impact of the Cornerstone Acquisition . ### Related Stocks - [TLN.US](https://longbridge.com/en/quote/TLN.US.md) ## Related News & Research - [A Look At Talen Energy (TLN) Valuation After Q1 EPS Miss And Insider Stock Sales](https://longbridge.com/en/news/286786137.md) - [Wells Fargo Reaffirms Their Buy Rating on Talen Energy Corp (TLN)](https://longbridge.com/en/news/286684888.md) - [CBAK Energy Reports First Quarter 2026 Unaudited Financial Results | CBAT Stock News](https://longbridge.com/en/news/286784807.md) - [EU cuts 2026 growth forecast as Strait of Hormuz crisis pushes inflation up](https://longbridge.com/en/news/287195145.md) - [ClearSign Technologies Corporation Provides First Quarter 2026 Update](https://longbridge.com/en/news/287113457.md)