Talen reported FY 2025 GAAP net loss attributable to stockholders of USD 219 million and Q4 2025 GAAP net loss attributable to stockholders of USD 363 million. FY 2025 adjusted EBITDA was USD 1.035 billion and adjusted free cash flow was USD 524 million; in Q4 2025, adjusted EBITDA was USD 382 million and adjusted free cash flow was USD 292 million. FY 2025 total generation was 39.9 TWh and carbon-free generation was 42%; in Q4 2025, total generation was 11.7 TWh and carbon-free generation was 40%. For FY 2025, energy and other revenues were USD 2.141 billion and capacity revenues were USD 485 million. Talen said it completed the Freedom and Guernsey acquisitions in November 2025, adding approximately 2.8 GW of generating capacity for an aggregate USD 3.8 billion cash purchase price funded from new debt. The company also highlighted an expanded Amazon PPA to 1,920 MW and reaffirmed 2026 guidance (excluding the Cornerstone Acquisition) for adjusted EBITDA of USD 1.750 billion to USD 2.050 billion and adjusted free cash flow of USD 980 million to USD 1.180 billion. Talen also announced a definitive agreement for the Cornerstone Acquisition from ECP (Waterford, Darby and Lawrenceburg) for an aggregate USD 3.45 billion purchase price, consisting of approximately USD 2.55 billion in cash and 2,400,000 shares valued at USD 900 million at signing, with closing expected early in the second half of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Talen Energy Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602261605PRIMZONEFULLFEED9662410) on February 26, 2026, and is solely responsible for the information contained therein.