Talen Q1 Adj EBITDA $473M; signs 3-plant deal with ECP, raises $4B

Talen Energy Corp

2026-Q1 EPS reported $1.33 revenue$1,129,000,000

Q1 GAAP Net Income $63M (vs -$135M YoY); Adj EBITDA $473M (vs $200M); Adj FCF $350M (vs $87M).
Signed definitive agreement to acquire Lawrenceburg, Waterford, Darby plants from ECP; raised $4B to finance deal and redeem $1.2B 8.625% Notes.
Expects >$40M annual interest savings from note redemption; reaffirmed 2026 Adj EBITDA guidance $1.75B-$2.05B and FCF $980M-$1.18B.
Repurchased 300k shares for $100M in Q1; $1.9B remaining under buyback through 2028.
Total generation 15.6 TWh (55.1% capacity factor) vs 9.7 TWh (42.5%) YoY; capacity and energy revenues drove improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Talen Energy Corp updated its first quarter 2026 guidance (reaffirmed).

Period: first quarter 2026
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

On May 5, 2026, Talen Energy Corporation (“Talen”) announced via press release its first quarter 2026 financial and operating results.

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Source: SEC EDGAR

accession 0001622536-26-000035

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