Talen Energy
Produces wholesale power from nuclear and gas assets, with long-term sales to Amazon.
Something off on this page? Send us feedback.
Profile
Produces electricity across a U.S. fleet anchored by the Susquehanna nuclear plant and a growing PJM gas portfolio. Revenue comes from wholesale energy, capacity, and ancillary services, alongside contracted nuclear power sales to Amazon; results depend on market rules, commodity relationships, plant availability, and transmission delivery.
Produces electricity from a U.S. fleet anchored by the Susquehanna nuclear plant and gas-fired generation in PJM, with additional coal exposure in Montana. Revenue comes from wholesale energy, capacity, and ancillary services, plus contracted nuclear power sales to Amazon.
Operations are concentrated in the Mid-Atlantic, Ohio, Indiana, and Montana. Nuclear output and dispatchable fossil generation serve wholesale markets, while plant operations and commodity hedging support participation in volatile merchant power markets.
Earnings depend on PJM market rules, commodity-price relationships, plant availability, and collateral demands from hedging. The Amazon agreement also relies on Susquehanna performance, nuclear oversight, and transmission delivery; recent gas-plant expansion adds acquisition integration and debt-management dependencies.
Company facts
Key statistics
Year to date −25.3% · Average volume (30d) 804.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | New Street | Target | $405 | |||
| Aug 21, 2026 | Morgan Stanley | Reiterate | Overweight | $508 | $503 | |
| Aug 19, 2026 | BNP Paribas | Target | $560 | |||
| Aug 10, 2026 | Goldman Sachs | Reiterate | Buy | $499 | $509 | |
| Aug 7, 2026 | Susquehanna | Target | $449 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $3.21 | −$2.00 | −162.3% | $832.8M | $747.0M | −10.3% | +2.57% |
| May 5, 2026Q1 FY26 | $5.28 | $5.55 | +5.1% | $1.05B | $1.13B | +7.8% | +6.52% |
| Feb 26, 2026Q4 FY25 | $2.62 | −$7.60 | −390.1% | $664.0M | $749.0M | +12.8% | −4.89% |
| Nov 5, 2025Q3 FY25 | $3.18 | $2.38 | −25.2% | $745.5M | $770.0M | +3.3% | −4.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $631.0M | $454.0M | $770.0M | $771.0M | $1.24B | $747.0M | |
| Gross profit | $191.0M | $94.0M | $353.0M | $363.0M | $489.0M | $368.0M | |
| Operating income | $76.0M | −$26.0M | $227.0M | −$261.0M | $364.0M | −$72.0M | |
| Net income | −$135.0M | $72.0M | $207.0M | −$363.0M | $63.0M | −$92.0M | |
| Diluted EPS | −$2.94 | $1.50 | $4.26 | −$7.70 | $1.33 | −$2.00 | |
| Gross margin | 30.3% | 20.7% | 45.8% | 47.1% | 39.4% | 49.3% | |
| Operating margin | 12.0% | -5.7% | 29.5% | -33.9% | 29.3% | -9.6% |
Fiscal years (4-quarter sums)FY23 $2.54B · FY24 $2.07B · FY25 $2.63B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $231.0M · Total debt $9.57B · Total assets $15.07B · Shareholders' equity $1.62B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 45.40M · Float 36.11M · 79.5% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.36M | 9.60% | 13F | Aug 7, 2026 |
| Rubric Capital Management LP | 3.60M | 7.94% | 13F | Aug 14, 2026 |
| MFN Partners Management, LP | 3.00M | 6.61% | 13F | Aug 12, 2026 |
| Ecp Controlco, LLC | 2.40M | 5.29% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 2.17M | 4.77% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Gizman I. Abbas | director | −2,600 | $380.00 |
Peers
- Constellation Energy
Largest overlap in merchant nuclear, gas, and large-load power supply
- Vistra
Broad PJM overlap across nuclear, gas, capacity, and hyperscaler PPAs
- NRG Energy
Scaled gas, PJM capacity, demand response, and large-load supply rival
- Dominion Energy
Large regulated PJM fleet and data-center power supplier in Virginia
- American Electric Power
PJM generation and take-or-pay large-load contracts in Ohio and Indiana
- Public Service Enterprise Group
Independent PJM nuclear fleet competing in baseload energy and capacity
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Talen Energy | $298.70 | +0.85% | $13.44B | — | 11.1 | 3.8 | +64.5% |
| Constellation Energy | $277.11 | +0.13% | $99.38B | 26.9 | 22.4 | 3.2 | +23.0% |
| Vistra | $138.00 | +0.67% | $46.22B | 23.1 | 14.6 | 2.9 | −5.5% |
| NRG Energy | $111.50 | +0.38% | $23.44B | 29.2 | 10.7 | 0.6 | +11.0% |
| Dominion Energy | $65.52 | −0.02% | $57.63B | 22.8 | 17.1 | 3.1 | +17.6% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| Public Service Enterprise Group | $73.19 | −0.01% | $36.47B | 18.2 | 16.3 | 2.9 | −9.0% |
| Median | 22.9 | 16.7 | 2.9 | +9.0% |