Quarterly ResultAug 5, 2026, 04:17 PM
Talen Energy Q2 Adjusted EBITDA $374M; Raises 2026 Guidance
AI Summary
Talen Energy Corporation reported strong second quarter 2026 financial results, with Adjusted EBITDA reaching $374 million and Adjusted Free Cash Flow at $212 million. The company completed the Cornerstone Acquisition in June 2026, increasing its generation capacity by approximately 2.6 GW. Following these results and the acquisition, Talen Energy raised its full-year 2026 Adjusted EBITDA guidance to $2,025 million - $2,225 million and Adjusted Free Cash Flow guidance to $1,200 million - $1,350 million. Additionally, the company repurchased 550,000 shares for $200 million during the quarter and completed significant financing transactions.
Key Highlights
- Reported Q2 GAAP Net Loss Attributable to Stockholders of $(92) million.
- Achieved Q2 Adjusted EBITDA of $374 million, up $284 million YoY.
- Generated Q2 Adjusted Free Cash Flow of $212 million, up $290 million YoY.
- Raised 2026 Adjusted EBITDA guidance to $2,025M - $2,225M.
- Raised 2026 Adjusted Free Cash Flow guidance to $1,200M - $1,350M.
- Completed Cornerstone Acquisition, adding 2.6 GW generation capacity.
- Repurchased 550,000 shares for $200 million in Q2, $1.7B capacity remains.
- Issued $4.0 billion in senior unsecured notes to fund acquisition and refinance debt.
Price Impact
More from TLN