Filing Flows › Talen Energy (TLN) › Q1 2025
Talen Energy (TLN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Talen Energy (TLN) reported revenue of $390M for the first quarter 2025 (Q1 2025), -23% from a year earlier and -16% from the quarter before. Operating margin was -27.2%, net loss $135M (34.6% of revenue).
Talen Energy, Q1 2025: revenue $390M (-23% year over year), operating margin -27.2%, net loss $135M, operating cash flow $119M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $390M | -16% | -23% |
| Operating profit | −$106M | — | — |
| Net earnings | −$135M | — | — |
| Operating cash flow | $119M | 12× | -31% |
| Free cash flow | $101M | — | -32% |
What changed
Revenue was $390.0M in Q1 2025, down 23% year over year and down 16% from the previous quarter. Energy and other revenues was the largest line, $582.0M against total revenue of $390.0M (other lines net negative). Physical electricity sales, bilateral contracts, other lost $41.0M year over year (down 64%), 34% of the total change.
Operating costs exceeded revenue by $106.0M, an operating margin of -27.2%. Total costs grew 2% against a revenue fall of 23%. The quarter ended with a net loss of $135.0M, after a profit of $68.0M the previous quarter. Net interest and other expense of $81.0M was the main reason.
Operating cash flow was $119.0M (down 31% year over year). Non-cash charges added back $72.0M of depreciation and amortization and $11.0M of share-based compensation. Working capital and other items added $171.0M. Capital expenditures of $18.0M left free cash flow of $101.0M.
Questions
What was Talen Energy's revenue in the first quarter 2025?
Talen Energy (TLN) reported revenue of $390M for the first quarter 2025 (Q1 2025), -23% from a year earlier and -16% from the quarter before.
Was Talen Energy profitable in the first quarter 2025?
Operating loss was $106M (-27.2% of revenue) and net loss $135M.
Source: Talen Energy 10-Q on SEC EDGAR.