Filing Flows › Talen Energy (TLN) › Q2 2026
Talen Energy (TLN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Talen Energy (TLN) reported revenue of $747M for the second quarter 2026 (Q2 2026), +19% from a year earlier and -34% from the quarter before. Operating margin was -9.6%, net loss $92.0M (12.3% of revenue).
Talen Energy, Q2 2026: revenue $747M (+19% year over year), operating margin -9.6%, net loss $92.0M, operating cash flow −$434M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $747M | -34% | +19% |
| Operating profit | −$72.0M | -134% | -209% |
| Net earnings | −$92.0M | -246% | -228% |
| Operating cash flow | −$434M | -194% | — |
What changed
Revenue was $747.0M in Q2 2026, up 19% year over year and down 34% from the previous quarter. Electricity sales and ancillary services, ISO/RTO was the largest line at 84% of revenue. Electricity sales and ancillary services, ISO/RTO added $319.0M year over year (up 104%), 273% of the total change.
Operating costs exceeded revenue by $72.0M, an operating margin of -9.6%. Total costs grew 45% against revenue growth of 19%. The fastest-growing cost line was General & admin (+139%). The quarter ended with a net loss of $92.0M, after a profit of $63.0M the previous quarter. Net interest and other expense of $57.0M was the main reason.
Operating cash flow was −$434.0M. Non-cash charges added back $92.0M of depreciation and amortization and $70.0M of share-based compensation. Working capital and other items used $504.0M. Capital expenditures of $139.0M exceeded it, leaving free cash flow of −$573.0M.
Questions
What was Talen Energy's revenue in the second quarter 2026?
Talen Energy (TLN) reported revenue of $747M for the second quarter 2026 (Q2 2026), +19% from a year earlier and -34% from the quarter before.
Was Talen Energy profitable in the second quarter 2026?
Operating loss was $72.0M (-9.6% of revenue) and net loss $92.0M.
Source: Talen Energy 10-Q on SEC EDGAR.