Filing Flows › Talen Energy (TLN) › Q2 2025
Talen Energy (TLN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Talen Energy (TLN) reported revenue of $630M for the second quarter 2025 (Q2 2025), +29% from a year earlier and +62% from the quarter before. Operating margin was 10.5%, net earnings $72.0M (11.4% of revenue).
Talen Energy, Q2 2025: revenue $630M (+29% year over year), operating margin 10.5%, net earnings $72.0M, operating cash flow −$184M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $630M | +62% | +29% |
| Operating profit | $66.0M | — | +144% |
| Net earnings | $72.0M | — | -84% |
| Operating cash flow | −$184M | -255% | — |
What changed
Revenue was $630.0M in Q2 2025, up 29% year over year and up 62% from the previous quarter. Energy and other revenues was the largest line at 58% of revenue. Unrealized gain (loss) on derivative instruments (Note 2) added $100.0M year over year (up 132%), 71% of the total change.
Operating profit was $66.0M, a 10.5% margin (up 5.0 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 6% margin then. Total costs grew 22% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+24%). Net earnings were $72.0M, down 84% year over year. The effective tax rate was 25.8%. Non-operating items added $31.0M, 32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$184.0M. Non-cash charges added back $69.0M of depreciation and amortization and $16.0M of share-based compensation. Working capital and other items used $341.0M. Capital expenditures of $33.0M exceeded it, leaving free cash flow of −$217.0M.
Questions
What was Talen Energy's revenue in the second quarter 2025?
Talen Energy (TLN) reported revenue of $630M for the second quarter 2025 (Q2 2025), +29% from a year earlier and +62% from the quarter before.
Was Talen Energy profitable in the second quarter 2025?
Operating profit was $66.0M (10.5% of revenue) and net earnings $72.0M.
Source: Talen Energy 10-Q on SEC EDGAR.