Talen Energy Corp
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity (Unaudited)
| (Millions of Dollars, except share data) | Common stock shares (a) | Additional paid-in capital | Accumulated earnings (deficit) | AOCI | Treasury Stock | Noncontrolling Interest | Total Equity |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 45,962 | $1,725 | $(326) | $(12) | $— | $— | $1,387 |
| Net income (loss) | — | — | (135) | — | — | — | (135) |
| Other comprehensive income (loss) | — | — | — | 2 | — | — | 2 |
| Share repurchases | (452) | — | — | — | (85) | — | (85) |
| Retirement of treasury stock | — | (18) | (67) | — | 85 | — | — |
| Stock-based compensation | — | 11 | — | — | — | — | 11 |
| March 31, 2025 | 45,510 | $1,718 | $(528) | $(10) | $— | $— | $1,180 |
| Net income (loss) | — | — | 72 | — | — | — | 72 |
| Other comprehensive income (loss) | — | — | — | 1 | — | — | 1 |
| Stock-based compensation (b) | 149 | (7) | — | — | — | — | (7) |
| June 30, 2025 | 45,659 | $1,711 | $(456) | $(9) | $— | $— | $1,246 |
| Net income (loss) | — | — | 207 | — | — | — | 207 |
| Other comprehensive income (loss) | — | — | — | 1 | — | — | 1 |
| Employee incentive plans | 13 | — | — | — | — | — | — |
| Stock-based compensation (b) | 15 | 15 | — | — | — | — | 15 |
| September 30, 2025 | 45,688 | $1,726 | $(249) | $(8) | $— | $— | $1,469 |
(a)Shares in thousands.
(b)Includes cash payments for tax withholding obligations related to vesting of stock-based awards during the three months ended June 30, 2025 and September 30, 2025 of $23 million and $3 million, respectively.
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED)
| (Millions of Dollars, except share data) · Common stock shares (a) · Additional paid-in capital · Accumulated earnings (deficit) · AOCI · Treasury stock · Noncontrolling Interest · Total Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 31, 2023 | 59,029 | $2,346 | $134 | $(23) | $— | $77 | $2,534 | |||||||||
| Net income (loss) | — | — | 294 | — | — | 25 | 319 | |||||||||
| Other comprehensive income (loss) | — | — | — | (4) | — | — | (4) | |||||||||
| Share repurchases | (493) | — | — | — | (39) | — | (39) | |||||||||
| Purchase of noncontrolling interest (b) | — | (15) | — | — | — | (24) | (39) | |||||||||
| Cash distributions | — | — | — | — | — | (1) | (1) | |||||||||
| Non-cash distributions (c) | — | — | — | — | — | (12) | (12) | |||||||||
| Stock-based compensation | — | 8 | — | — | — | — | 8 | |||||||||
| March 31, 2024 | 58,536 | $2,339 | $428 | $(27) | $(39) | $65 | $2,766 | |||||||||
| Net income (loss) | — | — | 454 | — | — | 4 | 458 | |||||||||
| Other comprehensive income (loss) | — | — | — | (2) | — | — | (2) | |||||||||
| Share repurchases | (5,281) | — | — | — | (622) | — | (622) | |||||||||
| Retirement of treasury stock | — | (227) | (434) | — | 661 | — | — | |||||||||
| Cash settlement of restricted stock units | — | (28) | — | — | — | — | (28) | |||||||||
| Non-cash distributions (c) | — | — | — | — | — | (8) | (8) | |||||||||
| Stock-based compensation | — | 8 | — | — | — | — | 8 | |||||||||
| June 30, 2024 | 53,255 | $2,092 | $448 | $(29) | $— | $61 | $2,572 | |||||||||
| Net income (loss) | — | — | 168 | — | — | — | 168 | |||||||||
| Other comprehensive income (loss) | — | — | — | 24 | — | — | 24 | |||||||||
| Share repurchases | (2,560) | — | — | — | (304) | — | (304) | |||||||||
| Retirement of treasury stock | — | (100) | (204) | — | 304 | — | — | |||||||||
| Cash settlement of restricted stock units | — | (3) | — | — | — | — | (3) | |||||||||
| Exercise of warrants | 160 | (16) | — | — | — | — | (16) | |||||||||
| Non-cash distributions (c) | — | — | — | — | — | (3) | (3) | |||||||||
| Stock-based compensation | — | 7 | — | — | — | — | 7 | |||||||||
| September 30, 2024 | 50,855 | $1,980 | $412 | $(5) | $— | $58 | $2,445 | |||||||||
(a)Shares in thousands.
(b)Relates to the purchase of remaining equity in Cumulus Digital held by Orion Energy Partners and two former member of Talen senior management.
(c)Relates to distributions of Bitcoin to TeraWulf.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.