Core Viewpoint - Talen Energy Corporation (NASDAQ:TLN) is highlighted as a promising investment opportunity in the AI energy sector, particularly following its recent acquisition of three gas-fired power plants, which enhances its capacity and valuation [2][3]. Group 1: Acquisition Details - Talen Energy acquired three gas-fired power plants from Energy Capital Partners for a total consideration of $3.45 billion, comprising $2.55 billion in cash and $900 million in stock [3]. - The acquisition adds approximately 2.6 GW of PJM capacity, which is expected to drive over 15% annual adjusted free cash flow per share growth through 2030 [3]. Group 2: Financial Metrics and Valuation - Scotiabank raised its price target for Talen Energy from $428 to $463, maintaining a 'Sector Perform' rating, citing an attractive valuation of 6.6x EBITDA, which is below the market average of 9-11x [2]. - The firm increased its EBITDA and free cash flow per share estimates by approximately 25% due to strong financing and geographic diversification into Ohio and Indiana [2]. Group 3: Company Focus and Market Position - Talen Energy focuses on operating power infrastructure and producing and selling electricity, capacity, and ancillary services through its subsidiaries, with a strategic emphasis on wholesale markets and expansion in the PJM Interconnection [4].

HOUSTON, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, today reported its results from the PJM Base Residual Auction for the 2027/2028 planning year. Talen cleared a total of 8,745 megawatts at a clearing price of $333.44 per megawatt-day across the PJM Interconnection Regional Transmission Organization, equating to approximately $1,067 million in capacity revenues for the 2027/2028 planning year. The planning year r ...

Core Insights - Talen Energy Corporation has completed the acquisition of two natural gas-fired power plants, adding 2.9 gigawatts of capacity to its portfolio, enhancing its ability to provide reliable, low-carbon energy solutions [1][2] Group 1: Acquisitions - The acquired assets include the Freedom Generating Station in Pennsylvania and the Guernsey Power Station in Ohio, both recognized as best-in-class natural gas facilities within the PJM region [2] - The acquisitions are expected to be immediately accretive to Talen's financial performance and align with the company's strategic focus on maintaining balance sheet discipline [2] Group 2: Financial Strategy - Talen successfully financed the acquisitions through various transactions, including $2.7 billion in senior unsecured notes and a $1.2 billion senior secured term loan B credit facility [2] - The company also secured commitments to increase its revolving credit facility to $900 million and its letter of credit facility to $1.1 billion, further supporting its financial operations [2] Group 3: Operational Integration - Talen's team is prepared to integrate the new assets into its existing portfolio, with a focus on maintaining safe and efficient operations [3] - The company expresses confidence in the operational teams from the acquired plants to continue their track record of compliance and efficiency as part of Talen's fleet [3] Group 4: Company Overview - Talen Energy operates approximately 13.2 gigawatts of power infrastructure across the United States, including a significant fossil fuel fleet and 2.2 gigawatts of nuclear power [4] - The company is positioned to meet the growing energy demands of hyperscale data centers, which increasingly require reliable and clean power solutions [4]

Core Insights - Talen Energy Corporation plans to release its third quarter 2025 financial results on November 5, 2025, after market close [1] - The earnings call will be hosted by President and CEO Mac McFarland and CFO Terry Nutt at 4:15 p.m. ET on the same day [1] Company Overview - Talen Energy is a leading independent power producer and energy infrastructure company, operating approximately 10.3 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power [3] - The company produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, primarily in the Mid-Atlantic and Montana regions [3] - Talen is positioned to support the growing demand for reliable, clean power from artificial intelligence data centers, contributing to the digital infrastructure revolution [3]

Core Viewpoint - Talen Energy Corporation has announced the pricing of $1.40 billion in 6.250% senior notes due 2034 and $1.29 billion in 6.500% senior notes due 2036 to fund acquisitions of two natural gas-fired power plants [1][2] Group 1: Offerings and Financial Details - The total amount of the offerings is $2.69 billion, consisting of the 2034 Notes and 2036 Notes [1] - The offerings are expected to close on October 27, 2025, subject to customary closing conditions [1] - The company plans to use the net proceeds from these offerings along with a new $1.2 billion senior secured term loan B credit facility to fund the acquisitions [2] Group 2: Acquisitions - The acquisitions include the Freedom Energy Center, a 1,045 MW natural gas-fired combined cycle generation plant in Pennsylvania, and the Guernsey Power Station, a 1,836 MW natural gas-fired combined cycle generation plant in Ohio [2] - Both acquisitions are being made under purchase agreements dated July 17, 2025, with affiliates of Caithness Energy, L.L.C. [2] Group 3: Redemption Conditions - If the acquisitions are not completed by July 17, 2026, or if a triggering event occurs, the company will be obligated to redeem portions of the senior notes [3] - The redemption amounts include $625 million of the 2034 Notes and $575 million of the 2036 Notes related to the Freedom Acquisition, and $900 million of the 2034 Notes and $790 million of the 2036 Notes related to the Guernsey Acquisition [3] Group 4: Company Overview - Talen Energy is a leading independent power producer with approximately 10.3 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power [6] - The company is positioned to serve the growing demand for reliable, clean power, particularly for artificial intelligence data centers [6]

Core Viewpoint - Talen Energy Corporation is proposing to offer senior notes due 2034 and 2036 to fund acquisitions of two natural gas-fired power plants, with a total capacity of 2,881 MW [1][2]. Group 1: Offerings and Financing - Talen Energy Supply, LLC plans to sell senior notes due 2034 and 2036 in private offerings exempt from registration under the Securities Act [1]. - The net proceeds from these offerings, along with a new $1.2 billion senior secured term loan B credit facility, will be used to fund the acquisitions of the Freedom Energy Center (1,045 MW) and the Guernsey Power Station (1,836 MW) [2]. Group 2: Acquisition Details - The acquisitions are governed by purchase agreements dated July 17, 2025, between Talen Generation, LLC and affiliates of Caithness Energy, L.L.C. [2]. - If the acquisitions are not completed by July 17, 2026, or if certain conditions are met, the company will redeem the notes [3]. Group 3: Regulatory Compliance - The notes will be offered only to qualified institutional buyers and non-U.S. persons, in compliance with Rule 144A and Regulation S under the Securities Act [4]. - The notes and related guarantees have not been registered under the Securities Act, limiting their sale in the U.S. [4]. Group 4: Company Overview - Talen Energy operates approximately 10.3 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power [6]. - The company is positioned to support the growing demand for reliable, clean power, particularly for artificial intelligence data centers [6].

Group 1 - Talen Energy Corporation reported clearing 6,702 megawatts in the PJM Base Residual Auction for the 2026/2027 planning year at a price of $329.17 per megawatt-day, resulting in approximately $805 million in capacity revenues [1] - The planning year for the auction runs from June 1, 2026, to May 31, 2027 [1] - Talen Energy operates approximately 10.7 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power and a significant fossil fleet [2] Group 2 - The company is positioned to serve the growing demand for reliable, clean power from artificial intelligence data centers [2] - Talen Energy is dedicated to generating power safely and reliably while delivering maximum value per megawatt produced [2]

Core Viewpoint - Talen Energy Corporation is set to release its second quarter 2025 financial results on August 7, 2025, with a subsequent earnings call to discuss these results [1]. Company Overview - Talen Energy is a leading independent power producer and energy infrastructure company, operating approximately 10.7 gigawatts of power infrastructure in the U.S., which includes 2.2 gigawatts of nuclear power [3]. - The company produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, primarily located in the Mid-Atlantic and Montana regions [3]. - Talen Energy is positioned to support the growing demand for reliable and clean power, particularly from artificial intelligence data centers [3]. Earnings Call Details - The earnings call will be held at 8:00 a.m. EDT (7:00 a.m. CDT) on August 7, 2025, featuring discussions led by President and CEO Mac McFarland and CFO Terry Nutt [1]. - Participants can join the call via a webcast or by phone, with a digital replay available for approximately one year [2].

Financial Performance - The company's consolidated adjusted EBITDA for 2024 was $78.9 million, with an adjusted EBITDA margin of 13.8%[5,6,8] - Full year 2024 revenue was $571.1 million[5,8] - Free cash flow for 2024 was $50.4 million[8,12] - Q4 2024 revenue was $143.1 million, with an adjusted EBITDA of $21.9 million and an adjusted EBITDA margin of 15.3%[14,16] - Q4 2024 free cash flow was $27.3 million[12,16] Segment Highlights - High Specification Rigs business experienced 7% year-over-year growth in core business[9] - High-Specification Rigs segment Q4 2024 Adjusted EBITDA increased 23% over the prior year's quarter[21] - Processing Solutions & Ancillary Services segment achieved a full year 2024 Adjusted EBITDA margin of 21.3%[27] - Wireline Services segment realized 11% year-over-year revenue growth in Production Wireline[32] Shareholder Returns - The company announced a 20% increase to the base dividend[12] - $20 million, representing 40% of the $50.4 million in 2024 Free Cash Flow, was returned to shareholders[12] - The company repurchased 1,520,000 shares during 2024 for $15.5 million at an average price of $10.11 per share[12]

As filed with the Securities and Exchange Commission on July 3, 2024. Registration No. 333-280341 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Talen Energy Corporation (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 2929 Allen Pkwy, S ...