Talen Energy Corporation balance sheet TLN

Annual Quarterly

As of Sep 30, 2026, Talen Energy Corporation had total assets of $15.1 billion and total liabilities of $13.5 billion. Total assets were up 147.4% from a year earlier. Stockholders' equity was $1.6 billion. It held $1.2 billion in cash and investments against $9.6 billion of total debt, net debt of $8.3 billion. The current ratio, current assets divided by current liabilities, was 0.89.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Line	Q3 FY2026 Sep 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024
Assets
Cash	335 -32.6%	231 +89.3%	1,025 +247.5%	689 +110.1%	497 -23.3%	122 -80.7%	295	328
Cash and investments	1,239 +11.0%	1,017 +37.6%	1,800 +96.3%	1,466 +56.1%	1,116 -10.1%	739 -39.9%	917	939
Receivables	258 +124.3%	240 +55.8%	109 +109.6%	160 +142.4%	115 +130.0%	154 +48.1%	52	66
Inventory	316 +20.2%	298 +33.0%	244 +11.4%	278 -7.9%	263 -11.4%	224 -20.0%	219	302
Total current assets	1,152 +9.9%	1,028 +23.9%	1,509 +78.4%	1,349 +29.7%	1,048 -37.4%	830 -57.5%	846	1,040
Property and equipment, net	11,858 +285.6%	11,928 +286.1%	7,499 +139.0%	7,546 +139.3%	3,075 -4.7%	3,089 -5.0%	3,138	3,154
Total assets	15,087 +147.4%	15,068 +158.6%	10,993 +87.4%	10,905 +78.6%	6,097 -11.0%	5,827 -17.7%	5,865	6,106
Liabilities and equity
Total current liabilities	1,290 +182.3%	1,316 +191.2%	1,210 +131.8%	1,050 +130.8%	457 +12.0%	452 +4.4%	522	455
Total liabilities	13,484 +191.4%	13,429 +193.1%	9,920 +111.7%	9,812 +107.9%	4,628 +5.1%	4,581 +1.6%	4,685	4,719
Stockholders' equity	1,580 +7.6%	1,616 +29.7%	1,073 -9.1%	1,093 -21.2%	1,469 -38.5%	1,246 -50.4%	1,180	1,387
Debt
Debt due within a year	29 +70.6%	29 +70.6%	29 +70.6%	29 +70.6%	17 +88.9%	17 +88.9%	17	17
Long-term debt	9,540 +221.3%	9,543 +221.1%	6,778 +127.8%	6,782 +127.1%	2,969 +13.5%	2,972 +13.6%	2,975	2,987
Total debt	9,569 +220.5%	9,572 +220.2%	6,807 +127.5%	6,811 +126.7%	2,986 +13.8%	2,989 +13.8%	2,992	3,004
Net cash	-8,330 -345.5%	-8,555 -280.2%	-5,007 -141.3%	-5,345 -158.8%	-1,870 -35.1%	-2,250 -61.2%	-2,075	-2,065
Ratios
Current ratio	0.89x	0.78x	1.25x	1.28x	2.29x	1.84x	1.62x	2.29x
Debt to equity	6.06x	5.92x	6.34x	6.23x	2.03x	2.40x	2.54x	2.17x
Debt to EBITDA	18.91x	22.90x	13.02x	36.04x	—	—	—	5.73x
Return on equity	-16.08%	-11.45%	—	-20.04%	—	—	—	—
Return on assets	-1.68%	-1.23%	—	-2.01%	—	—	—	—
Book value per share	33.39	33.74	23.64	23.92	32.15	27.29	25.93	30.18

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Electric Services (SIC 4911)
Listed as: TLN (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Houston, TX
SEC filer status: Large accelerated filer
SEC CIK: 1622536

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.