)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Talen Energy
Talen Energy (TLNE) investor relations material
Talen Energy Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary5 Aug, 2026
Executive summary
Achieved $374 million Adjusted EBITDA and $212 million Adjusted Free Cash Flow in Q2 2026, reflecting significant operational improvement year-over-year, driven by the Cornerstone Acquisition and strong fleet performance.
Completed the Cornerstone Acquisition in June 2026, adding 2.6 GW of generation capacity and diversifying cash flows.
Repurchased 550,000 shares for approximately $200 million in Q2 2026; $1.7 billion share repurchase program remains through December 2028.
Strategy centers on advantaged baseload assets, long-term contracts, and a flexible, market-responsive approach.
Issued $4.0 billion in new unsecured notes and upsized revolving credit and LC facilities to support the acquisition.
Financial highlights
Q2 2026 Adjusted EBITDA: $374 million, up from $90 million in Q2 2025; Adjusted Free Cash Flow: $212 million, up from $(78) million.
YTD 2026 Adjusted EBITDA: $847 million; Adjusted Free Cash Flow: $562 million.
Operating revenues for Q2 2026 were $747 million, up from $630 million year-over-year; capacity revenues rose to $237 million from $88 million.
Liquidity as of July 31, 2026: $1.9 billion; cash and cash equivalents at June 30, 2026: $231 million.
Net loss attributable to stockholders was $(92) million in Q2 2026, or $(2.00) per diluted share, versus $72 million ($1.50 per diluted share) in Q2 2025, mainly due to unrealized losses on derivatives and higher interest expense.
Outlook and guidance
2026 Adjusted EBITDA guidance raised to $2,025–$2,225 million; Adjusted Free Cash Flow guidance to $1,200–$1,350 million.
2027 and 2028 outlooks increased, with Adjusted Free Cash Flow per share projected to grow by 30% by 2028; 2027 guidance and 2028–2029 outlooks to be provided in Q3 earnings call.
Hedged approximately 85% of expected 2026 generation, 70% for 2027, and 30% for 2028, supporting cash flow stability.
Over $4 billion adjusted free cash flow expected through 2028, with at least $2.8 billion to be returned to shareholders.
Additional upside from M&A, new PPAs, spark spread expansion, and basis normalization.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Talen Energy
- All proposals, including director elections and auditor ratification, were approved.TLNE
AGM 2026 - Q1 2026 saw strong earnings, major acquisition, and robust guidance reaffirmed.TLNEQ1 2026
- Annual meeting covers director elections, executive pay, and auditor ratification, with strong governance focus.TLNEProxy filing
- Virtual meeting to elect directors, approve pay, and ratify auditor, all board-recommended.TLNEProxy filing
- 2025 Adjusted EBITDA and Free Cash Flow rose, with strong 2026 outlook and growth from acquisitions.TLNEQ4 2025
- $3.45B deal for 2.6 GW gas assets boosts free cash flow and expands PJM footprint.TLNEM&A announcement
- Major acquisitions, AWS contracts, and expanded buybacks drive strong FCF/share growth.TLNEInvestor Update
- Raised 2024 guidance after strong Q2, $931M in share repurchases, and major asset sales.TLNEQ2 2024
- Q1 2025 Adjusted EBITDA and Free Cash Flow beat estimates as guidance is reaffirmed and AWS ramps up.TLNEQ1 2025
Next Talen Energy earnings date
Q3 20263 Nov, 2026
Talen Energy
Next Talen Energy earnings date
Q3 20263 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Talen Energy Corporation is an independent power producer and infrastructure company in the United States. It operates across different wholesale power markets, including PJM, ERCOT, and WECC, and primarily serves regions like the Mid-Atlantic, Texas, and Montana. The company owns and manages a diverse generation fleet, comprising nuclear, fossil, solar, gas, and coal power plants. Talen Energy focuses on producing and selling electricity, capacity, and ancillary services. Additionally, it is engaged in battery storage projects and advancing clean energy through decarbonization efforts, including converting coal plants to lower-carbon fuels and developing zero-carbon solutions like its hyperscale data center campus next to its Susquehanna nuclear plant. The company is headquartered in Houston, Texas, and its shares are listed on the OTC Markets.