Talen Energy Shares Fall 33.3% as Earnings Miss Tests Cash Flow Story

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โดย Zacks Investment Research·US·Read original
Summary · why it matters

Talen Energy Corporation shares have dropped 33.3% over the past 12 weeks, compared with an 18.2% decline for the Zacks sub-industry, as weaker earnings signals test the company's improving cash flow story. Second-quarter 2026 adjusted earnings of 16 cents per share missed the Zacks Consensus Estimate of $3.20 by 95%, while revenues of $747 million rose 18.6% year over year but came in 5.8% below the $793 million consensus mark. Adjusted EBITDA climbed to $374 million from $90 million a year earlier, and adjusted free cash flow improved to $212 million from a negative $78 million, with first-half 2026 adjusted EBITDA reaching $847 million and adjusted free cash flow totaling $562 million. Talen carried about $9.7 billion of total principal debt at June 30, 2026, and had about $1.9 billion of liquidity at July 31, including $525 million of unrestricted cash. The PPL discount to PJM West Hub widened to roughly $20 per megawatt-hour after historically remaining below $10, while Talen's long-term deal with Amazon Web Services allows the Susquehanna nuclear plant to supply up to 1,920 megawatts through 2042, alongside about 4 gigawatts of potential data-center sites and more than 2 gigawatts of new generation capacity still in development. TLN currently carries a Zacks Rank #3 (Hold).

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Energy Transition & Power Demand▼ · 3 stocks
Talen Energy Corporation
TLN
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Q2 2026 adjusted EPS of 16 cents missed the $3.20 consensus by 95% and revenue fell short, testing the cash-flow story.

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