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Talen Energy Reports First Quarter 2026 Results, Reaffirms 2026 Guidance
Earnings Release Highlights First quarter GAAP Net Income of $63 million.First quarter Adjusted EBITDA of $473 million and Adjusted Free Cash Flow of $350 million.Reaffirming 2026 Adjusted EBITDA and Adjusted Free Cash Flow guidance ranges of $1,750 million - $2,050 million and $980 million - $1,180 million, respectively.Signed definitive agreement to acquire the Lawrenceburg Power Plant (“Lawrenceburg”) in Indiana, and the Waterford Energy Center (“Waterford”) and Darby Generating Station (“Dar
About this update from Talen Energy Corporation
[{"type":"text","content":"Earnings Release Highlights","length":27,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter GAAP Net Income of $63 million.","length":45,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter Adjusted EBITDA of $473 million and Adjusted Free Cash Flow of $350 million.","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Reaffirming 2026 Adjusted EBITDA and Adjusted Free Cash Flow guidance ranges of $1,750 million - $2,050 million and $980 million - $1,180 million, respectively.","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"Signed definitive agreement to acquire the Lawrenceburg Power Plant (“Lawrenceburg”) in Indiana, and the Waterford Energy Center (“Waterford”) and Darby Generating Station (“Darby”) each in Ohio (collectively, the “Cornerstone Acquisition”) from Energy Capital Partners (“ECP”).","length":278,"tagName":"p"}]},{"val":[{"type":"text","content":"Raised $4 billion to finance the Cornerstone Acquisition and redeem $1.2 billion of 8.625% Senior Secured Notes.","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"Expecting more than an aggregate $40 million annual interest savings as a result of the 8.625% Senior Secured Notes redemption.","length":127,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":812,"olType":false},{"type":"text","content":"HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” the “Company,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, today reported its first quarter 2026 financial results and other highlights.","length":238,"tagName":"p"},{"type":"text","content":"“Talen started the year strong and today we are reporting first quarter results, earning $473 million of Adjusted EBITDA and $350 million of Adjusted Free Cash Flow. We continue to progress the Cornerstone Acquisition and secured financing in April. During the quarter, we repurchased 300,000 shares for $100 million under our share repurchase program and have $1.9 billion remaining through year end 2028. With strong first quarter results, and until we close the Cornerstone Acquisition, we are reaffirming our 2026 guidance,” said Talen Chief Executive Officer Mac McFarland. He continued, “We continue to progress on several land development and contracting growth options through our flywheel s...