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Talen Energy Reports Full Year 2024 Results, Exceeds 2024 Guidance and Reaffirms 2025 Guidance
Earnings Release Highlights Full year GAAP Net Income (Loss) Attributable to Stockholders of $998 million.Full year Adjusted EBITDA of $770 million and
About this update from Talen Energy Corporation
[{"type":"text","content":"Earnings Release Highlights Full year GAAP Net Income (Loss) Attributable to Stockholders of $998 million.Full year Adjusted EBITDA of $770 million and Adjusted Free Cash Flow of $283 million, exceeding the 2024 guidance midpoints.Reaffirming 2025 guidance; 2026 outlook unchanged.Reached reliability-must-run (“RMR”) settlement agreement with PJM and key stakeholders to run Brandon Shores and H.A. Wagner generation facilities through May 31, 2029.Repurchased approximately 13 million shares in 2024 (22% of total outstanding shares). HOUSTON, Feb. 27, 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 full year 2024 financial and operating results. “Talen had an exciting year focused on unlocking value from existing assets. Our fleet ran well this year, earning $770 million of Adjusted EBITDA and $283 million of Adjusted Free Cash Flow. We sold our data center campus to AWS and announced a major agreement providing power directly to them, making Talen the first power company to do so. We are actively executing under this arrangement and pursuing commercial and regulatory solutions for the Susquehanna ISA amendment,” said Talen President and Chief Executive Officer Mac McFarland. “We sold our ERCOT assets earlier in the year, realizing significant value that was largely returned to our shareholders, and in Q4, we reached a settlement with PJM and other stakeholders to continue running our Brandon Shores and H.A. Wagner generation facilities through May 2029, supporting grid reliability in Maryland.” McFarland continued. “We have simplified our capital structure and prioritized shareholder returns, repurchasing 22% of our outstanding shares this year. We remain focused on maximizing value and cash flow per share.” Summary of Financial and Operating Results (Unaudited) (Millions of Dollars) Year EndedDecember 31,2024GAAP Net Income (Loss) Attributable to Stockholders $998Adjusted EBITDA 770Adjusted Free Cash Flow 283 Year EndedDecember 31, 2024 Year EndedDecember 31,2023Total Generation (TWh) (a) 36.3 32.5 Carbon-Free Generation 50% 55%OSHA TRIR (b) 0.34 0.58 Fleet EFOF (c) 2.2% 5.5% __________________(a) Total generation is net of station use consumption, where applicable, includes volumes produced...