Talen Energy (NasdaqGS:TLN) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Company ParticipantsCole Muller - CFOCraig Shere - Director of ResearchDavid Arcaro - xecutive Director of Equity ResearchMac McFarland - President and CEOMichael Sullivan - Director of Equity ResearchNicholas Campanella - DirectorNick Amicucci - VP of Equity ResearchSergio Castro - VP and TreasurerTerry Nutt - PresidentConference Call ParticipantsAngie Storozynski - Senior Equity Research AnalystJeremy Tonet - Research Analyst ...

Talen Energy (NasdaqGS:TLN) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Company ParticipantsCole Muller - CFOCraig Shere - Director of ResearchDavid Arcaro - xecutive Director of Equity ResearchMac McFarland - President and CEOMichael Sullivan - Director of Equity ResearchNicholas Campanella - DirectorNick Amicucci - VP of Equity ResearchSergio Castro - VP and TreasurerTerry Nutt - PresidentConference Call ParticipantsAngie Storozynski - Senior Equity Research AnalystJeremy Tonet - Research Analyst ...

Talen Energy (NasdaqGS:TLN) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Speaker8Ladies and gentlemen, thank you for standing by. Welcome to the Talen Energy Corporation fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. We as ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-37388 Talen Energy Corporation (Exact name of registrant as specified in its charter) Delaware 47-1197305 (Sta ...

Q4 2025 Results Talen Energy Corporation | February 26, 2026 Disclaimer Key Highlights Forward Looking Statements Statements contained in this presentation concerning expectations, beliefs, plans, objectives, goals, strategies, future events or performance, shareholder returns and underlying assumptions, and other statements that are not statements of historical fact are "forward-looking statements," and should be considered estimates, assumptions or projections. These statements often include words such as ...

Operating Results (Unaudited) | | Three Months Ended | | | | | Year Ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | December 31, | | December 31, | | December 31, | | December 31, | | | (Millions of Dollars Unless Otherwise Stated) | 2025 | | 2024 | | 2025 | | 2024 | | | GAAP Net Income (Loss) Attributable to Stockholders | $ $ | (363) | | 82 $ | $ | (219) | | 998 | | Adjusted EBITDA | | 382 | | 164 | | 1,035 | | 770 | | Adjusted Free Cash Flow | | 292 | | 21 | | 524 | | 283 | | (a) ...

Earnings Release Highlights Full year GAAP Net Loss Attributable to Stockholders of $(219) million.Full year Adjusted EBITDA of $1,035 million and Adjusted Free Cash Flow of $524 million.Completed the Freedom and Guernsey acquisitions in November 2025 which have increased the Company’s generating capacity by approximately 2.8 gigawatts (“GW”) and provides efficient baseload generation and cash flow diversification.Reaffirming 2026 Adjusted EBITDA and Adjusted Free Cash Flow guidance ranges of $1,750 million ...

Core Viewpoint - Talen Energy Corporation (NASDAQ:TLN) is identified as a strong investment opportunity, particularly following recent price target increases from major analysts, indicating positive market sentiment and strategic developments within the company [1][3]. Group 1: Analyst Ratings and Price Targets - Wells Fargo analyst Shahriar Pourreza raised the price target for Talen Energy to $506 from $445, maintaining an Overweight rating, highlighting the company's role in PJM colocation and resource adequacy discussions [1]. - Morgan Stanley also increased its price target for Talen Energy to $470 from $443, citing the acquisition of 2.6 GW of gas generation assets as a strategic move to enhance data center agreements and capitalize on rising power prices [3]. Group 2: Strategic Developments - The positive outlook from Wells Fargo is bolstered by the completion of 2025 deals and the announcement of a 2026 ECP transaction, alongside a focus on the company's cash flow generation [2]. - The acquisition of gas generation assets is viewed as a significant step in expanding Talen Energy's operational capabilities and market presence [3]. Group 3: Company Overview - Talen Energy Corporation operates as an independent power producer, engaging in the production and sale of electricity, capacity, and ancillary services in the U.S. wholesale power markets, with a diverse portfolio that includes nuclear, fossil, oil, natural gas, and coal power plants [4].

Core Viewpoint - Talen Energy Corporation is set to release its full year and fourth quarter 2025 financial results on February 26, 2026, with a subsequent earnings call to discuss these results [1]. Company Overview - Talen Energy is a leading independent power producer and energy infrastructure company, operating approximately 13.1 gigawatts of power infrastructure in the United States, which includes 2.2 gigawatts of nuclear power [3]. - The company generates and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, primarily located in the Mid-Atlantic, Ohio, and Montana regions [3]. - Talen Energy is positioned to support the growing demand for reliable power from artificial intelligence data centers, indicating a strategic focus on the digital infrastructure sector [3]. - The company is headquartered in Houston, Texas [3].

Core Viewpoint - The article discusses the complexities and potential justifications for investing in an energy producer that appears to have irrational valuation multiples, specifically a forward P/E ratio of nearly 70x for 2025 and a high EV/EBITDA multiple [1]. Group 1 - The energy producer in question is characterized by a forward P/E ratio of nearly 70x for the year 2025, indicating a high valuation compared to earnings [1]. - The EV/EBITDA multiple is also highlighted as being significantly elevated, suggesting that the market may be pricing in future growth or other factors that are not immediately apparent [1]. - The article implies that understanding the rationale behind such high multiples requires a deeper analysis of market conditions, potential growth opportunities, and the overall investment strategy [1].