Talen Energy Q2 Adj EBITDA $87M, raises 2024 guidance to $720-780M

Talen Energy Corp

2024-Q2 EPS reported $12.41 revenue$998,000,000

Q2 2024: Adjusted EBITDA $87M; H1 2024: $376M. Adjusted Free Cash Flow $(29)M Q2, $165M H1.
Raising full-year 2024 guidance: Adj EBITDA $720-780M (prev. $650-750M), Adj FCF $245-285M.
PJM 2025/2026 capacity auction cleared 6,820 MW at ~$270 per megawatt-day, a significant price increase.
Year-to-date $931M in stock repurchases (~14% of shares); $280M bought from largest shareholder in July.
Started trading on NASDAQ on July 10, 2024; Investor Day set for September 5, 2024.

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