Talen Energy Q3 revenue meets estimates on higher power prices
TLN•TLN•TLN•TLN•Talen Energy's third-quarter revenue was $1.33 billion, in line with estimates, while adjusted EPS of $2.88 missed the $9.04 consensus. Adjusted EBITDA and free cash flow rose, and the company announced a $1.5 billion accelerated share repurchase and introduced 2027 adjusted EBITDA guidance of $2.5 billion-$2.85 billion.
Talen Energy said third-quarter revenue was $1.33 billion, matching analyst estimates, while adjusted EPS of $2.88 fell short of the $9.04 consensus. Adjusted EBITDA and free cash flow rose, with the company citing acquired generation assets, higher settled power prices and generation volumes, and higher capacity revenues.
The company announced a $1.5 billion accelerated share repurchase as part of its $3.0 billion buyback program. Talen reaffirmed 2026 adjusted EBITDA guidance of $2.05 billion-$2.2 billion and introduced 2027 guidance of $2.5 billion-$2.85 billion; it expects 2027 adjusted free cash flow of $1.5 billion-$1.75 billion.
