earnings
confidence high
sentiment positive
materiality 0.75
Talen Energy FY2024 Adj EBITDA $770M beats midpoint; repurchased 22% of shares
Talen Energy Corp
2024-FY EPS reported
$17.67
revenue$2,115,000,000
- GAAP Net Income $998M; Adjusted EBITDA $770M and Free Cash Flow $283M exceeded 2024 guidance midpoints.
- Reaffirming 2025 Adjusted EBITDA guidance $925-1,175M and 2026 outlook $1,130-1,530M, unchanged.
- Reached RMR settlement for Brandon Shores and H.A. Wagner through May 2029; annual payments $145M and $35M.
- Repurchased ~13M shares (22% of outstanding) in 2024 for $1.95B; $1.1B repurchase capacity remaining.
- Total liquidity $1.2B as of Feb 21, 2025; net leverage ~3.3x, below 3.5x target.