Talen Energy Corp
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
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16. Stockholders' Equity
- Stockholders’ Equity
Common Stock Transactions
Share Repurchases and Retirements. Summary of activity under the SRP:
| Number of Shares | Share Price (a) | Total Amount | |
|---|---|---|---|
| Share repurchases | 452,130 | $186.24 | $85 |
| Share retirements | (452,130) | 186.24 | (85) |
(a)Weighted average price per share, including transaction costs and excise taxes.
As of May 8, 2025, TEC had 45,509,780 shares of common stock outstanding.
Share Repurchase Program
As of March 31, 2025, the Company had repurchased approximately 23% of its outstanding shares of common stock for a total of approximately $2.0 billion, exclusive of transaction costs and excise taxes. The Board of Directors approved an $850 million portion of the share repurchases executed with Rubric in December 2024 outside of the existing authorization in the SRP. The remaining capacity of the SRP as of March 31, 2025 is $995 million. See Note 18 to the Annual Financial Statements for additional information relating to the SRP.
Accumulated Other Comprehensive Income
Changes in AOCI for the periods were:
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Beginning balance | $(12) | $(23) |
| Gains (losses) arising during the period | 6 | — |
| Reclassifications to Consolidated Statements of Operations | (2) | (7) |
| Income tax benefit (expense) | (2) | 3 |
| Other comprehensive income (loss) | 2 | (4) |
| Accumulated other comprehensive income (loss) | $(10) | $(27) |
The components of AOCI, net of tax, as of March 31, were:
| 2025 | 2024 | |
|---|---|---|
| Available-for-sale securities unrealized gain (loss), net | $— | $1 |
| Postretirement benefit prior service credits (costs), net | 13 | — |
| Postretirement benefit actuarial gain (loss), net | (23) | (28) |
| Accumulated other comprehensive income (loss) | $(10) | $(27) |
Reclassification adjustments from AOCI to the Consolidated Statements of Operations were non-material amounts for the three months ended March 31, 2025 and 2024.
The postretirement obligations components of AOCI are not presented in their entirety on the Consolidated Statements of Operations during the periods; rather, they are included in the computation of net periodic defined benefit costs (credits). See Note 13 for additional information.
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