Talen Energy (TLN)
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-11-04
$326.78-8.54%
Close 2026-11-04 · 1-day change
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-11-04
QuarterlyIQ Insights · TLN
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within utilities on a research-validated quality screen. As of 2026-11-04.
The screen ranks TLN against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated weak grew net income 56% of the time over the next year (vs 67% for the rest of the cohort, n=1121).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
This quarter, we increased our share repurchase program to $3.0 billion, including a $1.5 billion accelerated share repurchase program.
Stated in 2 of 4 supplied quarters. Management reported: “▪ Announced $1.5 billion accelerated share repurchase program (“ASR”) expected to be complete by the end of the first quarter 2027.” “On October 1, 2026, the Company received and retired approximately 3.8 million shares of TEC common stock repurchased under the ASR program, which is equivalent to 80% of the aggregate $1.5 billion value of the ASR program.”
“This quarter, we increased our share repurchase program to $3.0 billion, including a $1.5 billion accelerated share repurchase program.”
“Talen joined the Russell 1000, Russell 3000, and S&P 400 indices, as well as increased and extended our Share Repurchase Program to $2 billion through year end 2028.”
Balance Sheet and Liquidity We are focused on maintaining our net leverage target of 3.5x net debt-to-Adjusted EBITDA.
Stated in 3 of 4 supplied quarters. Management reported: “Balance Sheet and Liquidity We are focused on maintaining our net leverage target of 3.5x net debt-to-Adjusted EBITDA.” “We continue to have a direct line of sight to achieving our targeted net leverage ratio of 3.5x by the second half of 2027.””
“Balance Sheet and Liquidity We are focused on maintaining our net leverage target of 3.5x net debt-to-Adjusted EBITDA.”
We are also introducing our 2027 guidance that reflects strong PJM fundamentals and a full year of contributions from our recently acquired assets,” said Talen Chief Executive Officer Mac McFarland.
Stated in 2 of 4 supplied quarters. Management reported: “We are also introducing our 2027 guidance that reflects strong PJM fundamentals and a full year of contributions from our recently acquired assets,” said Talen Chief Executive Officer Mac McFarland.” “▪ Introducing 2027 Adjusted EBITDA and Adjusted Free Cash Flow guidance ranges of $2,500 million - $2,850 million and $1,500 million - $1,750 million, representing approximately 26% and 27% growth at the midpoints compared with 2026 guidance.”
He continued, “We remain committed to our flywheel strategy, leveraging our advantaged portfolio of assets, building our development pipeline of powered land and new capacity all of which allows us t…
1 SRP and ASRs The Board also increased the remaining capacity under Talen’s SRP to $3.0 billion through December 31, 2028.
Over the trailing year it converted 3.53x of net income into operating cash flow. Historically, Utilities names rated robust grew net income 71% of the time over the next year (vs 62% for the rest of the cohort, n=929).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
29 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Utilities names rated volatile grew net income 62% of the time over the next year (vs 66% for the rest of the cohort, n=1048).
Not investment advice. As of 2026-11-04.
“Balance Sheet and Liquidity We are focused on maintaining net leverage below our target of 3.5x net debt-to-Adjusted EBITDA.”
“Balance Sheet and Liquidity We are focused on maintaining net leverage below our target of 3.5x net debt-to-Adjusted EBITDA.”
“We are also introducing our 2027 guidance that reflects strong PJM fundamentals and a full year of contributions from our recently acquired assets,” said Talen Chief Executive Officer Mac McFarland.”
“McFarland added, “We are well positioned to continue executing our Talen Flywheel strategy in 2026 and remain focused on creating additional value through free cash flow per share growth.””