secwatch.observer — SEC 8-K summary
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Issuer:     Talen Energy Corp (TLN)
CIK:        0001622536
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001622536-26-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Talen Energy reports FY2025 Adj. EBITDA $1,035M; signs Cornerstone Acquisition
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- Full year GAAP Net Loss $(219)M vs prior year income $998M; Adjusted EBITDA $1,035M up from $770M.
- Q4 GAAP Net Loss $(363)M; Adjusted EBITDA $382M vs $164M prior year.
- Completed Freedom & Guernsey acquisitions (2.8 GW) Nov 2025; signed Cornerstone Acquisition (Waterford, Darby, Lawrenceburg) from ECP.
- Reaffirmed 2026 guidance: Adj EBITDA $1,750M-$2,050M, Adj FCF $980M-$1,180M.
- Recorded $501M charge due to stock-based awards modification; expanded Amazon PPA to 1,920 MW; repurchase program up to $2B through 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622536/000162253626000014/0001622536-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622536/000162253626000014/tln-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001622536-26-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer