Talen Energy Reports Second Quarter 2024 Results and Raises 2024 Guidance
Talen Energy Corporation (TLN)
Company Research
Source: GlobeNewswire
HOUSTON, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” the “Company,” “we,” or “our”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, today reported its second quarter 2024 financial and operating results. “Talen has had another active quarter. Our fleet ran well during unseasonably high temperatures in PJM, and year-to-date, we are reporting $376 million of Adjusted EBITDA and $165 million of Adjusted Free Cash Flow. Building on our strong results, we are raising guidance for 2024. Furthermore, the PJM 2025/2026 capacity auction was held in July and cleared at significantly higher prices than prior auctions. We cleared 6.8 GW of capacity at approximately $270 per megawatt-day,” said Talen President and Chief Executive Officer Mac McFarland. “We remain committed to our shareholders, completing a $612 million tender offer in June and repurchasing $280 million in shares in a private transaction and uplisting to the NASDAQ in July.
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News
- Is Talen Energy Corporation (NASDAQ:TLN) an Unstoppable Growth Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance
- Talen Energy Announces Increase in Share Repurchase Program CapacityGlobeNewswire
- Talen Energy Announces Receipt of Escrowed Funds for Cumulus Data Center Campus TransactionGlobeNewswire
- Talen Statement on FERC’s Issuance of a Deficiency Letter Regarding Susquehanna ISA and New Generic Proceeding Initiating a Commissioner-led Technical ConferenceGlobeNewswire
- Talen Reports PJM Auction Results for 2025/2026 Planning YearGlobeNewswire
TLN
Sec Filings
- 9/5/24 - Form 8-K
- 7/12/24 - Form 4
- TLN's page on the SEC website