Welcome to our dedicated page for Talen Energy SEC filings (Ticker: TLN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Talen Energy Corporation (NASDAQ: TLN) SEC filings page provides access to the company’s regulatory disclosures, including current reports on Form 8-K and other documents filed with the U.S. Securities and Exchange Commission. As an independent power producer and energy infrastructure company, Talen uses these filings to report material events related to its power generation portfolio, financing activities, executive management changes, and shareholder programs.
Through recent Forms 8-K, Talen has disclosed completed and proposed acquisitions of natural gas-fired plants such as the Freedom Generating Station, Guernsey Power Station, and the Waterford, Darby, and Lawrenceburg facilities. Filings describe purchase agreements, closing dates, and related financing structures, including senior notes due 2034 and 2036, a senior secured term loan B facility, amendments to credit agreements, and expanded revolving and letter of credit facilities.
Talen’s SEC reports also cover financial results and outlook, with earnings releases furnished on Form 8-K that discuss operating revenues, capacity revenues, energy and other revenues, Adjusted EBITDA, Adjusted Free Cash Flow, and hedging positions. Additional filings detail share repurchase program authorizations and changes, nuclear production tax credit sales, and pro forma financial information reflecting major acquisitions and new debt.
Corporate governance and executive compensation matters appear in filings describing amended and restated employment agreements for key executives, retention and incentive structures, and transition and retirement arrangements. Investors can review these documents to understand leadership responsibilities, incentive design, and potential severance protections. With real-time updates from EDGAR and AI-powered summaries, this page helps users quickly interpret Talen’s 8-K disclosures, annual and quarterly reports when filed, and any insider-related information reported on forms such as Form 4, providing a clearer view of the company’s regulatory and financial profile.
ABBAS GIZMAN I reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp director Abbas Gizman I received a grant of 448 "2026 Restricted Stock Units" on February 26, 2026. These RSUs were issued under the Talen Energy Corporation 2023 Equity Incentive Plan and represent rights to receive an equal number of common shares or cash. The award will vest on February 25, 2027, subject to his continued service.
Horton Anthony R reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp reported that director Anthony R. Horton received a grant of 448 2026 Restricted Stock Units on February 26, 2026. The units were granted at a price of $0.00 per unit under the company’s 2023 Equity Incentive Plan.
Each RSU represents a potential right to receive one share of Talen Energy common stock or its cash equivalent, as determined at settlement by the Compensation Committee. The entire award is scheduled to vest on February 25, 2027, conditioned on Horton’s continued service with the company.
Nigro Joseph reported acquisition or exercise transactions in this Form 4 filing.
Talen Energy Corp director Joseph Nigro received an equity award in the form of restricted stock units. On February 26, 2026, he was granted 448 "2026 Restricted Stock Units" at no purchase price, under the Talen Energy Corporation 2023 Equity Incentive Plan.
Each RSU represents a contingent right to receive one share of Talen Energy common stock, or its cash equivalent, as determined at settlement by the Board’s Compensation Committee. These 448 RSUs will vest on February 25, 2027, as long as Nigro continues to serve the company through that date.
Talen Energy Corp President Terry L. Nutt received new equity awards tied to time and performance. On February 26, 2026, he was granted 7,090 time-based 2026 Restricted Stock Units that vest in tranches on February 25, 2027, 2028, and 2029, conditioned on continued service.
He was also granted 33,086 2026 Performance-Based Restricted Stock Units that may vest based on both continued service and achievement of performance goals, with 13,234 eligible to vest based on performance as of February 25, 2028 and 19,852 as of February 25, 2029. The disclosed PSU and share amounts reflect the maximum 200% performance level. Following these awards, he directly holds 12,676 shares of common stock, including 74 shares acquired through the 2025 Employee Stock Purchase Plan.
Talen Energy Corporation files its annual report describing a 13.1 GW U.S. power portfolio anchored by 2.2 GW of nuclear capacity. The company emphasizes low- and zero-carbon baseload generation, including a 90% interest in the 2.5 GW Susquehanna nuclear facility, which produced about 17 TWh in 2025 at roughly $27 per MWh.
Talen highlights long-term contracted revenues, including an expanded AWS power purchase agreement for up to 1,920 MW of carbon-free nuclear power through 2042 and reliability-must-run contracts for its Brandon Shores and H.A. Wagner plants providing $145 million and $35 million in fixed annual payments starting June 2025. The report also details recent and pending acquisitions of efficient natural gas plants totaling about 5.3 GW for roughly $7.25 billion in aggregate consideration, funded largely with new senior notes and additional debt, along with clearing 8,745 MW in PJM’s 2027/2028 capacity auction at $333.44 per MW-day.
Talen Energy reported a 2025 GAAP net loss attributable to stockholders of $(219) million, down from $998 million in 2024, mainly because 2024 included large asset sale gains and 2025 reflected a $501 million stock-based compensation charge.
Underlying operations strengthened, with 2025 Adjusted EBITDA rising to $1,035 million from $770 million and Adjusted Free Cash Flow increasing to $524 million from $283 million, helped by higher capacity and energy revenues. Management reaffirmed 2026 guidance for Adjusted EBITDA of $1,750–$2,050 million and Adjusted Free Cash Flow of $980–$1,180 million, excluding the Cornerstone Acquisition.
Talen closed the Freedom and Guernsey acquisitions for $3.8 billion in cash, adding about 2.8 GW of baseload capacity funded with new debt. It also agreed to buy the Waterford, Darby and Lawrenceburg plants for $3.45 billion (including $2.55 billion cash and 2,400,000 shares), targeting net leverage below 3.5% net debt-to-Adjusted EBITDA by year-end 2026 and reporting about $2.1 billion of liquidity as of February 20, 2026.
Talen Energy Corporation filed an amended current report to add detailed financial statements and pro forma information for its previously closed power plant acquisitions. Talen bought the Freedom Generating Station (1,045 MW) and Guernsey Power Station (1,836 MW) from Caithness Energy for approximately $3.5 billion.
For the nine months ended September 30, 2025, Moxie Freedom LLC generated $246.8 million in electricity revenue and $51.9 million in net income, while Guernsey Power Holdings, LLC produced $437.0 million in electricity revenue and $71.7 million in net income. The filing also includes unaudited pro forma combined financials showing Talen’s results as if these plants had been owned earlier.
Talen Energy Corporation agreed to acquire Cornerstone Generation Holdings’ parent entities in a $3.45 billion deal. The purchase price includes approximately $2.55 billion in cash, subject to customary adjustments, plus 2,400,000 shares of Talen common stock issued as consideration. Through this transaction, Talen will indirectly own three natural gas power plants: a 480 MW combustion turbine facility in Ohio, a 1,218 MW combined cycle gas facility in Indiana, and an 869 MW combined cycle gas facility in Ohio.
Closing depends on customary conditions, including required regulatory approvals. At closing, Talen and the sellers will enter a registration rights agreement under which Talen will register the resale of the stock portion of the consideration, with additional demand and piggy-back rights and lock-ups of 90 days on half of the shares and 180 days on the rest. Talen also announced the deal in a press release and scheduled an investor call to discuss the acquisition.
Talen Energy Corporation filed a current report to share that it has released information about its results in the PJM Base Residual Auction for the 2027/2028 planning year. The company furnished a press release as an exhibit, which contains the details of those auction results.
The auction outcomes relate to Talen’s participation in the PJM capacity market, which helps determine how its power assets may be compensated for being available to serve future electricity demand. The press release is provided for informational purposes and is expressly furnished rather than filed, meaning it is not subject to certain Exchange Act liability provisions and is not automatically incorporated into other securities law documents.
Talen Energy Corporation is reshaping its senior leadership team and extending key executive employment agreements as part of ongoing succession and retention planning. The board prolonged CEO Mark “Mac” McFarland’s contract through February 2027 with automatic one-year renewals and elevated Terry Nutt to President, Cole Muller to Chief Financial Officer, Brad Berryman to Chief Operating Officer, and Dale Lebsack to Chief Asset Development Officer, all effective immediately. General Counsel John Wander plans to retire at the end of June 2026 and will transition to a Senior Advisor role.
New amended employment agreements set higher pay and performance-linked incentives, including a salary of $1,400,000 for Mr. McFarland with a target short-term bonus of 135% and long-term incentives at 700% of salary. A portion of 2026 PSUs and RSUs will be partially cash-settled and any shares received will be locked up through November 13, 2026. The contracts also define severance and change-of-control protections, with potential cash payouts up to 2.99 times salary and target bonus, and impose non-compete and non-solicitation obligations for one year after employment.