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Screener / SEC EDGAR /CIK 0001622536 /10-K filed Feb 26, 2026, compared with Feb 28, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
PORTLNHEOGEATOLNT
Nasdaq Utilities · Electric Utilities

Talen Energy Corp TLN

TLN quote by TradingView

Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future. 10-K, Item 1

Employees
1,880
Headquarters
Houston, TX
CEO
Mark Allen McFarland
Next results
around Feb 25, 2027
Compare with peers Embed

TLN among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 58 peers the company is above, not a score.

Compare
Revenue growth: 22.0%, above 91% of 58 peers (their median 9.5%) REVENUE GROWTH 22.0% · above 91% Operating margin: 2.0%, above 0% of 56 peers (their median 22.9%) OPERATING MARGIN 2.0% · above 0% Net margin: -6.4%, above 0% of 58 peers (their median 13.5%) NET MARGIN -6.4% · above 0% FCF margin: 10.0%, above 89% of 47 peers (their median -11.7%) FCF MARGIN 10.0% · above 89%
TLN Peer median Below the median

What changed

15 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 26, 2026 against Feb 28, 2025.

Risk factors
15 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +142.4% ($66.0M to $160.0M) vs revenue +22.0% ($2.1B to $2.6B), +120.4 pts apart
10-K · XBRL
Critical audit matters changed
New this year: Acquisition of Freedom and Guernsey - Valuation of Plant and Equipment and Fuel Supply Contract Liabilities (“As described in Note 17 to the consolidated financial statements, on November 25, 2025, the Company purchased all the ownership interests of Freedom and Guernsey for an aggregate purchase price of $3.8 billion in cash. Of the acquired assets and liabilities assumed, $4,509 million related to propert”). Same as last year: Commodity Derivatives Valuation
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
6 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +142.4% ($66.0M to $160.0M) vs revenue +22.0% ($2.1B to $2.6B), +120.4 pts apart
  • Critical audit matters changed
    New this year: Acquisition of Freedom and Guernsey - Valuation of Plant and Equipment and Fuel Supply Contract Liabilities (“As described in Note 17 to the consolidated financial statements, on November 25, 2025, the Company purchased all the ownership interests of Freedom and Guernsey for an aggregate purchase price of $3.8 billion in cash. Of the acquired assets and liabilities assumed, $4,509 million related to propert”). Same as last year: Commodity Derivatives Valuation
  • Cash from operations $704.0M vs net income −$219.0M (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Inventory -7.9% ($302.0M to $278.0M) vs revenue +22.0% ($2.1B to $2.6B), -30.0 pts apart
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

15 paragraphs in Risk Factors that were not in the 10-K filed Feb 28, 2025. Quoted as filed.

All 15 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    Additionally, United States and international laws, rules, and practices pertaining to trade are currently undergoing frequent changes, including the imposition of new or expanded tariffs on international trade by U.S. and foreign governments. Moreover, President Trump has directed various federal agencies to further evaluate key…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    If an "ownership change" (as defined in Sections 382 and 383 of the Code) occurs, the amount of attributes that could be used in any one year following such ownership change could be substantially limited. In general, an "ownership change" would occur when there is a greater than 50 percentage point increase in ownership of a company's…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    Beginning with this Report we are required to furnish a report by management on the effectiveness of our internal control over financial reporting, pursuant to Section 404 of the Sarbanes-Oxley Act. Additionally, our independent registered public accounting firm is also required to express an opinion as to the effectiveness of our…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 28, 2025 10-K, ITEM 1A
    The proposed Cornerstone Acquisition is subject to a number of conditions which, if not satisfied or waived, could delay or impair our ability to complete the transactions on the agreed terms or at all. Failure to consummate the Cornerstone Acquisition as contemplated or at all could adversely affect us and the price of our common…

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2015FY2022FY2024FY2025
Revenue$4.5B$3.2B$2.1B$2.6B
Net income−$341.0M−$1.3B$998.0M−$219.0M
Operating cash flow$768.0M$187.0M$256.0M$704.0M
Free cash flow$317.0M−$45.0M$171.0M$606.0M

Revenue, FY2013 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$2.6B ▲ 22.0% in FY2025

FY2013FY2014FY2015FY2022FY2024FY2025
Every number, year by year

Recent filings

6 filings in the last 30 days · SEC EDGAR

All filings
1 more

About the company

Talen Energy Corp, Houston, TX · from the 10-K filed Feb 26, 2026

Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 13.1 GW of power infrastructure in the United States, including 2.2 GW of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic, Ohio, and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution.

Headquarters
Houston, TX
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Nov 3, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had approximately 1,880 full-time employees, approximately 43% of which were represented by labor unions" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 26, 2026 (open at SEC), compared with the 10-K filed Feb 28, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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