Filing Flows › Talen Energy (TLN) › Q1 2026
Talen Energy (TLN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Talen Energy (TLN) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +189% from a year earlier and +51% from the quarter before. Operating margin was 18.6%, net earnings $63.0M (5.6% of revenue).
Talen Energy, Q1 2026: revenue $1.1B (+190% year over year), operating margin 18.6%, net earnings $63.0M, operating cash flow $461M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +51% | +189% |
| Operating profit | $210M | — | — |
| Net earnings | $63.0M | — | — |
| Operating cash flow | $461M | +65% | +287% |
| Free cash flow | $419M | +65% | +315% |
What changed
Revenue was $1.1B in Q1 2026, up 189% year over year and up 51% from the previous quarter. Electricity sales and ancillary services, ISO/RTO was the largest line, $1.3B against total revenue of $1.1B (other lines net negative). Electricity sales and ancillary services, ISO/RTO added $0.75B year over year (up 130%), 102% of the total change.
Operating profit was $0.21B, a 18.6% margin (up 45.8 points year over year). Total costs grew 85% against revenue growth of 189%. The fastest-growing cost line was Other operating costs (+94%). Net earnings were $0.06B. The effective tax rate was 22.2%.
Operating cash flow was $0.46B (up 287% year over year), 732% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization. Working capital and other items added $0.33B. Capital expenditures of $0.04B left free cash flow of $0.42B.
Questions
What was Talen Energy's revenue in the first quarter 2026?
Talen Energy (TLN) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +189% from a year earlier and +51% from the quarter before.
Was Talen Energy profitable in the first quarter 2026?
Operating profit was $210M (18.6% of revenue) and net earnings $63.0M.
Source: Talen Energy 10-Q on SEC EDGAR.