Talen Energy Corp
TLN · Electric Services · 45.4M shares · EDGAR filings ↗
Reference price $380.00 · est. market cap ~$17.3B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56Merchant/IPP power producer with standout cash generation and revenue growth but negative GAAP earnings and very high leverage.
Strengths
- FCF margin 24% (96th pct), FCF $606M (90th pct) and revenue growth 60% (100th pct)
- Strong cash balance (67th pct) and improving quick/current ratios
Risks
- Net margin -8.7%, ROE -20%, ROIC negative (4th pct); net income down 122%
- Debt/equity 6.2 (100th pct) — top of sector leverage range
Notable findings
- High leverageHigh leverage (debt/equity 6.20)
- Net lossNet loss (net margin -8.5%)
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$988,000, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-3.5%
Net margin
-8.5%
Return on equity
-20.0%
Return on assets
-2.0%
ROIC
-0.9%
Revenue growth (QoQ)
109.3%
Net-income growth
-121.9%
Debt / equity
6.2×
Net debt / EBITDA
32.2×
Current ratio
1.3×
Free cash flow
$606M
EBITDA
$189M
Tangible book value
$1.1B
Cash & investments
$689M
Stock comp / revenue
20.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | ABBAS GIZMAN I | Sell | 2.6K | $380.00 |
| 2026-06-08 | McFarland Mark Allen | Other | 260K | — |
| 2026-06-08 | McFarland Mark Allen | Other | 260K | — |
| 2026-05-22 | McFarland Mark Allen | Tax withheld | 140K | $324.21 |
| 2026-05-22 | Berryman Brad | Option exercise | 8.3K | — |
| 2026-05-22 | Berryman Brad | Option exercise | 91K | — |
| 2026-05-22 | Berryman Brad | Tax withheld | 43K | $324.21 |
| 2026-05-22 | Wright Andrew M | Option exercise | 8.0K | — |
| 2026-05-22 | Wright Andrew M | Option exercise | 88K | — |
| 2026-05-22 | Wright Andrew M | Tax withheld | 38K | $324.21 |
| 2026-05-22 | Lebsack Dale E Jr. | Option exercise | 78K | — |
| 2026-05-22 | Lebsack Dale E Jr. | Tax withheld | 34K | $324.21 |
| 2026-05-22 | Muller Cole | Option exercise | 5.3K | — |
| 2026-05-22 | Muller Cole | Option exercise | 58K | — |
| 2026-05-22 | Muller Cole | Tax withheld | 27K | $324.21 |
| 2026-05-22 | Morice Christopher E | Option exercise | 5.6K | — |
| 2026-05-22 | Morice Christopher E | Option exercise | 61K | — |
| 2026-05-22 | Morice Christopher E | Tax withheld | 26K | $324.21 |
| 2026-05-22 | Casulli Edward T. | Option exercise | 2.5K | — |
| 2026-05-22 | Casulli Edward T. | Option exercise | 3.8K | — |
| 2026-05-22 | Casulli Edward T. | Tax withheld | 2.8K | $324.21 |
| 2026-05-22 | Plagens Anthony J | Option exercise | 2.3K | — |
| 2026-05-22 | Plagens Anthony J | Option exercise | 3.4K | — |
| 2026-05-22 | Plagens Anthony J | Tax withheld | 2.2K | $324.21 |
| 2026-05-22 | Nutt Terry L | Option exercise | 91K | — |
| 2026-05-22 | Nutt Terry L | Tax withheld | 36K | $324.21 |
| 2026-05-22 | Olagues Darren J | Option exercise | 7.4K | — |
| 2026-05-22 | Olagues Darren J | Tax withheld | 2.9K | $324.21 |
| 2026-05-22 | SCHAEFER STEPHEN | Option exercise | 4.1K | — |
| 2026-05-22 | SCHAEFER STEPHEN | Option exercise | 18K | — |
| 2026-05-22 | SCHAEFER STEPHEN | Disposition | 6.8K | $324.21 |
| 2026-05-22 | ABBAS GIZMAN I | Option exercise | 4.1K | — |
| 2026-05-22 | ABBAS GIZMAN I | Disposition | 1.5K | $324.21 |
| 2026-05-22 | Horton Anthony R | Option exercise | 4.1K | — |
| 2026-05-22 | Hyde Karen T | Option exercise | 4.1K | — |
| 2026-05-22 | Hyde Karen T | Disposition | 1.5K | $324.21 |
| 2026-05-22 | Nigro Joseph | Option exercise | 4.1K | — |
| 2026-05-22 | Nigro Joseph | Disposition | 1.5K | $324.21 |
| 2026-05-22 | Schwartzstein Christine Benson | Option exercise | 4.1K | — |
| 2026-05-22 | Lebsack Dale E Jr. | Option exercise | 7.2K | — |
| 2026-05-22 | McFarland Mark Allen | Option exercise | 30K | — |
| 2026-05-22 | McFarland Mark Allen | Option exercise | 325K | — |
| 2025-07-18 | Nutt Terry L | Option exercise | 21K | — |
| 2025-07-18 | Nutt Terry L | Tax withheld | 8.2K | $267.62 |
| 2025-06-27 | Wander John C | Option exercise | 21K | — |
| 2025-06-27 | Wander John C | Tax withheld | 8.2K | $288.66 |
| 2025-06-27 | Rubric Capital Management LP | Other | 1.3M | — |
| 2025-06-27 | Rubric Capital Management LP | Sell | 1.1K | $298.14 |
| 2025-06-27 | Rubric Capital Management LP | Sell | 26K | $297.70 |
| 2025-06-27 | Rubric Capital Management LP | Sell | 77K | $296.38 |
| 2025-06-27 | Rubric Capital Management LP | Sell | 52K | $295.62 |
| 2025-06-27 | Rubric Capital Management LP | Sell | 12K | $294.65 |
| 2025-06-27 | Rubric Capital Management LP | Sell | 2.4K | $293.34 |
| 2025-06-27 | Rubric Capital Management LP | Sell | 8.0K | $292.82 |
| 2025-06-26 | Rubric Capital Management LP | Sell | 33K | $293.34 |
| 2025-06-26 | Rubric Capital Management LP | Sell | 1.3K | $289.46 |
| 2025-06-26 | Rubric Capital Management LP | Sell | 19K | $290.19 |
| 2025-06-26 | Rubric Capital Management LP | Sell | 16K | $291.08 |
| 2025-06-26 | Rubric Capital Management LP | Sell | 33K | $292.19 |
| 2025-06-26 | Rubric Capital Management LP | Sell | 100 | $294.00 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 100 | $297.14 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 5.0K | $295.18 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 14K | $294.47 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 22K | $293.63 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 17K | $292.50 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 200 | $290.49 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 6.4K | $289.25 |
| 2025-06-25 | Rubric Capital Management LP | Sell | 44K | $288.55 |
| 2025-06-09 | Muller Cole | Option exercise | 13K | — |
| 2025-06-09 | Muller Cole | Tax withheld | 5.7K | $240.30 |
| 2025-06-09 | Lebsack Dale E Jr. | Option exercise | 18K | — |
| 2025-06-09 | Lebsack Dale E Jr. | Tax withheld | 7.1K | $240.30 |
| 2025-06-09 | Berryman Brad | Option exercise | 21K | — |
| 2025-06-09 | Berryman Brad | Tax withheld | 9.1K | $240.30 |
| 2025-06-09 | Nigro Joseph | Option exercise | 4.1K | — |
| 2025-06-09 | Nigro Joseph | Disposition | 1.5K | $240.30 |
| 2025-06-09 | Wright Andrew M | Option exercise | 20K | — |
| 2025-06-09 | Wright Andrew M | Tax withheld | 7.9K | $240.30 |
| 2025-06-09 | McFarland Mark Allen | Option exercise | 74K | — |
| 2025-06-09 | McFarland Mark Allen | Tax withheld | 29K | $240.30 |
| 2025-06-09 | SCHAEFER STEPHEN | Option exercise | 4.1K | — |
| 2025-06-09 | Schwartzstein Christine Benson | Option exercise | 4.1K | — |
| 2025-06-09 | Schwartzstein Christine Benson | Disposition | 1.5K | $240.30 |
| 2025-06-09 | ABBAS GIZMAN I | Option exercise | 4.1K | — |
| 2025-06-09 | ABBAS GIZMAN I | Disposition | 1.5K | $240.30 |
| 2025-06-09 | Morice Christopher E | Option exercise | 14K | — |
| 2025-06-09 | Morice Christopher E | Tax withheld | 5.5K | $240.30 |
| 2025-06-09 | Plagens Anthony J | Option exercise | 5.7K | — |
| 2025-06-09 | Plagens Anthony J | Tax withheld | 2.2K | $240.30 |
| 2025-06-09 | Hyde Karen T | Option exercise | 4.1K | — |
| 2025-06-09 | Hyde Karen T | Disposition | 1.5K | $240.30 |
| 2025-06-09 | Horton Anthony R | Option exercise | 4.1K | — |
| 2025-03-06 | Horton Anthony R | Buy | 250 | $187.96 |
| 2025-03-06 | Horton Anthony R | Buy | 250 | $192.59 |
| 2025-03-06 | Horton Anthony R | Buy | 500 | $190.90 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Exhibits | filing ↗ |
| 2026-06-15 | Material agreementAcquisition/dispositionDebt obligation3.02Reg FDExhibits | filing ↗ |
| 2026-05-21 | Material agreementExhibits | filing ↗ |
| 2026-05-07 | Shareholder vote | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-04-17 | OtherExhibits | filing ↗ |
| 2026-02-26 | ResultsExhibits | filing ↗ |
| 2026-02-09 | Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K/A | 2026-06-18 | 2025-11-25 | 0001622536-26-000053 ↗ |
| 8-K | 2026-06-15 | 2026-06-15 | 0001622536-26-000048 ↗ |
| 8-K | 2026-05-21 | 2026-05-20 | 0001622536-26-000042 ↗ |
| 8-K | 2026-05-07 | 2026-05-05 | 0001622536-26-000039 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001622536-26-000036 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001622536-26-000035 ↗ |
| 8-K | 2026-04-17 | 2026-04-17 | 0001622536-26-000030 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001622536-26-000017 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001622536-26-000014 ↗ |
| 8-K/A | 2026-02-09 | 2025-11-25 | 0001622536-26-000007 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0001622536-26-000004 ↗ |
| 8-K | 2025-12-17 | 2025-12-17 | 0001622536-25-000045 ↗ |