Filing Flows › Talen Energy (TLN) › Q3 2026
Talen Energy (TLN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Talen Energy (TLN) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +63% from a year earlier and +78% from the quarter before. Operating margin was 19.2%, net earnings $138M (10.4% of revenue).
Talen Energy, Q3 2026: revenue $1.3B (+63% year over year), operating margin 19.2%, net earnings $138M, operating cash flow $463M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +78% | +63% |
| Operating profit | $255M | — | -3% |
| Net earnings | $138M | — | -33% |
| Operating cash flow | $463M | — | -5% |
| Free cash flow | $296M | — | -37% |
What changed
Revenue was $1.3B in Q3 2026, up 63% year over year and up 78% from the previous quarter. Electricity sales and ancillary services, ISO/RTO was the largest line at 97% of revenue. Electricity sales and ancillary services, ISO/RTO added $0.79B year over year (up 159%), 153% of the total change.
Operating profit was $0.26B, a 19.2% margin (down 13.2 points year over year). Operating profit fell $0.01B even though revenue rose $0.52B versus Q3 2025, so costs grew faster than sales. Total costs grew 95% against revenue growth of 63%. The fastest-growing cost line was General & admin (+100%). Net earnings were $0.14B, down 33% year over year. The effective tax rate was 29.2%.
Operating cash flow was $0.46B (down 5% year over year), 336% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.17B left free cash flow of $0.30B.
Questions
What was Talen Energy's revenue in the third quarter 2026?
Talen Energy (TLN) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +63% from a year earlier and +78% from the quarter before.
Was Talen Energy profitable in the third quarter 2026?
Operating profit was $255M (19.2% of revenue) and net earnings $138M.
Source: Talen Energy 10-Q on SEC EDGAR.