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Talen Energy Reports First Quarter 2025 Results, Affirms and Narrows 2025 Guidance
Earnings Release Highlights First quarter GAAP Net Income (Loss) Attributable to Stockholders of $(135) million. First quarter Adjusted EBITDA of $200 million
About this update from Talen Energy Corporation
[{"type":"text","content":"Earnings Release Highlights First quarter GAAP Net Income (Loss) Attributable to Stockholders of $(135) million. First quarter Adjusted EBITDA of $200 million and Adjusted Free Cash Flow of $87 million, ahead of internal estimates. Affirming and narrowing 2025 guidance; 2026 outlook unchanged. Extended the Susquehanna Unit 2 refueling outage to perform incremental maintenance that is expected to improve capacity performance and efficiency. The Federal Energy Regulatory Commission (the “FERC”) approved the terms of the reliability-must-run (“RMR”) settlement agreement between Talen, PJM, and key stakeholders to run units at Brandon Shores and H.A. Wagner generation facilities through May 31, 2029. HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” the “Company,” “we,” or “our”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, today reported its first quarter 2025 financial and operating results. “We are pleased today to report Talen’s solid start to the year. Our fleet ran well during periods of high demand demonstrating the value of our dispatchable fleet, earning $200 million of Adjusted EBITDA and $87 million of Adjusted Free Cash Flow. We are affirming and narrowing guidance. We remain committed to shareholders and continued to repurchase stock during the first quarter under our share repurchase program,” said Talen President and Chief Executive Officer Mac McFarland. McFarland continued, “The FERC approved our RMR settlement agreement, ensuring the units at our Brandon Shores and H.A. Wagner assets continue to support the grid in and around Baltimore. The AWS campus is energized and we are actively executing under this arrangement. We continue to pursue commercial and regulatory solutions for the Susquehanna ISA amendment.” Summary of Financial and Operating Results (Unaudited) Three Months Ended March 31,(Millions of Dollars Unless Otherwise Stated) 2025 2024GAAP Net Income (Loss) Attributable to Stockholders $(135) $294 Adjusted EBITDA 200 289 Adjusted Free Cash Flow 87 194 Total Generation (TWh) (a) 9.7 8.1 Carbon-Free Generation 46% 58%OSHA TRIR (b) 0.4 0.3 Fleet EFOF (c) 1.2% 1.9% ______________________ (a)Total generation is net of station use consumption, where applicable, includes volumes produced by Susquehanna in support of Nautilus operations and includes gen...