Talen Energy Corp
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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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.
Jun 30, 2024 · Filed Aug 13, 2024
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14. Earnings Per Share
- Earnings Per Share
Basic EPS is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the applicable period. Diluted EPS is computed by dividing income by the weighted-average number of shares of common stock outstanding, increased by incremental shares that would be outstanding if potentially dilutive non-participating securities were converted to common stock as calculated using the treasury stock method. EPS for the periods were:
| Successor · Predecessor · Successor · Predecessor | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended June 30, 2024 | May 18 through June 30, 2023 | April 1 through May 17, 2023 | Six Months Ended June 30, 2024 | May 18 through June 30, 2023 | January 1 through May 17, 2023 | |
| Numerator: (Millions of Dollars) | ||||||
| Net Income (Loss) | $458 | $31 | $419 | $777 | $31 | $465 |
| Less: | ||||||
| Net income (loss) attributable to noncontrolling interest | 4 | 2 | (12) | 29 | 2 | (14) |
| Net Income (Loss) Attributable to Stockholders (Successor) / Member (Predecessor) | $454 | $29 | $431 | $748 | $29 | $479 |
| Denominator: (Thousands) | ||||||
| Weighted-Average Number of Common Shares Outstanding - Basic | 57,434 | 59,029 | — | 58,119 | 59,029 | — |
| Warrants | 268 | 32 | — | 234 | 32 | — |
| Restricted stock units | 332 | 28 | — | 262 | 28 | — |
| Performance stock units | 1,741 | — | — | 1,654 | — | — |
| Weighted-Average Number of Common Shares Outstanding - Diluted | 59,775 | 59,088 | — | 60,269 | 59,088 | — |
| Earnings per Share - Basic | $7.90 | $0.49 | N/A | $12.87 | $0.49 | N/A |
| Earnings per Share - Diluted | 7.60 | 0.49 | N/A | 12.41 | 0.49 | N/A |
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