Talen Energy Corp
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
TLN$338.64+7.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Successor · Predecessor | |||||
|---|---|---|---|---|---|
| (Millions of Dollars, except share data) | Three Months Ended September 30, 2024 | Three Months Ended September 30, 2023 | Nine Months Ended September 30, 2024 | May 18 through September 30, 2023 | January 1 through May 17, 2023 |
| Capacity revenues | $50 | $44 | $141 | $70 | $108 |
| Energy and other revenues | 505 | 600 | 1,444 | 788 | 1,042 |
| Unrealized gain (loss) on derivative instruments (Note 3) | 95 | (128) | 63 | (41) | 60 |
| Operating Revenues (Note 4) | 650 | 516 | 1,648 | 817 | 1,210 |
| Fuel and energy purchases | (222) | (253) | (535) | (310) | (176) |
| Nuclear fuel amortization | (30) | (47) | (93) | (72) | (33) |
| Unrealized gain (loss) on derivative instruments (Note 3) | 7 | 44 | (5) | (2) | (123) |
| Energy Expenses | (245) | (256) | (633) | (384) | (332) |
| Operating Expenses | |||||
| Operation, maintenance and development | (127) | (140) | (445) | (209) | (285) |
| General and administrative | (38) | (37) | (121) | (55) | (51) |
| Depreciation, amortization and accretion (Note 8) | (75) | (66) | (225) | (94) | (200) |
| Impairments (Note 8) | — | (2) | — | (2) | (381) |
| Other operating income (expense), net | (7) | (8) | (14) | (11) | (37) |
| Operating Income (Loss) | 158 | 7 | 210 | 62 | (76) |
| Nuclear decommissioning trust funds gain (loss), net | 67 | (24) | 169 | 15 | 57 |
| Interest expense and other finance charges (Note 11) | (66) | (68) | (187) | (101) | (163) |
| Reorganization income (expense), net | — | — | — | — | 799 |
| Gain (loss) on sale of assets, net (Note 17) | — | — | 885 | — | 50 |
| Other non-operating income (expense), net | 20 | (7) | 60 | (18) | 10 |
| Income (Loss) Before Income Taxes | 179 | (92) | 1,137 | (42) | 677 |
| Income tax benefit (expense) (Note 5) | (11) | 16 | (192) | (3) | (212) |
| Net Income (Loss) | 168 | (76) | 945 | (45) | 465 |
| Less: Net income (loss) attributable to noncontrolling interest | — | 1 | 29 | 3 | (14) |
| Net Income (Loss) Attributable to Stockholders (Successor) / Member (Predecessor) | $168 | $(77) | $916 | $(48) | $479 |
| Per Common Share (Successor) | |||||
| Net Income (Loss) Attributable to Stockholders - Basic | $3.30 | $(1.30) | $16.44 | $(0.81) | N/A |
| Net Income (Loss) Attributable to Stockholders - Diluted | 3.16 | (1.30) | 15.86 | (0.81) | N/A |
| Weighted-Average Number of Common Shares Outstanding - Basic (in thousands) | 50,924 | 59,029 | 55,703 | 59,029 | N/A |
| Weighted-Average Number of Common Shares Outstanding - Diluted (in thousands) | 53,169 | 59,029 | 57,756 | 59,029 | N/A |
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