Talen 8-K/A: Cornerstone acquisition financials show 2025 revenue $323M, net loss $3M

Talen Energy Corp

Cornerstone Generation (acquired assets) 2025: operating revenue $323.2M, operating income $62.9M, net loss $3.0M.
Deal closed June 15, 2026 for $3.5B: $2.6B cash + 2,399,998 TEC shares valued at $927M.
Acquired plants: Lawrenceburg 1,196 MW CCGT, Waterford 893 MW CCGT, Darby 427 MW CT, all in PJM.
Cornerstone at Dec 31, 2025: total assets $2.845B, long-term debt $1.346B, member's equity $1.349B.
Pro forma statements for FY2025 and H1 2026 provided in Exhibit 99.4.

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