Talen Energy (TLN) Q4 FY2024 earnings: revenue $467 million

Talen Energy Corp. (TLN) reported revenue of $467 million for Q4 FY2024, the quarter ended 31 December 2024. Net income was $82 million, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.

Revenue$467 million

Net income$82 million

Diluted EPS$2.07

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	467	650	n/a	n/a
Research and development	n/a	1.0	n/a	n/a
Operating income	16.0	158	n/a	n/a
Operating margin	3.4%	24.3%	n/a
Pre-tax income	-26.0	179	n/a	n/a
Income tax	-94.0	11.0	n/a	n/a
Effective tax rate	n/a	6.1%	n/a
Net income	82.0	168	n/a	n/a
Net margin	17.6%	25.8%	n/a
Diluted EPS	$2.07	$3.16	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	10.0	96.0	n/a	n/a
Capital expenditure	27.0	13.0	n/a	n/a
Free cash flow	-17.0	83.0	n/a	n/a
Free cash flow margin	-3.6%	12.8%	n/a
Cash from investing	-54.0	246	n/a	n/a
Cash from financing	-723	-325	n/a	n/a
Depreciation and amortisation	73.0	75.0	n/a	n/a
Share-based compensation	9.0	8.0	n/a	n/a
Buybacks	1,002	302	n/a	n/a
Diluted shares, weighted	56m	53m	n/a	n/a
Shares outstanding at period end	46m	51m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	1,387	2,387	n/a	n/a
Non-controlling interest	0.0	58.0	n/a	n/a
Short-term borrowings	0.0	0.0	n/a	n/a
Debt	3,004	2,625	n/a	n/a
Other liabilities	1,715	1,778	n/a	n/a
Total liabilities and equity	6,106	6,848	n/a	n/a
Fixed assets	3,154	3,228	n/a	n/a
Securities held for sale or to maturity	611	593	n/a	n/a
Cash and equivalents	328	648	n/a	n/a
Receivables	66.0	50.0	n/a	n/a
Inventory	302	297	n/a	n/a
Other assets	1,645	2,032	n/a	n/a
Total assets	6,106	6,848	n/a	n/a

Quarterly results, the last 12 quarters

	Q2 FY2023 ‡	Q3 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	438	516	509	489	650	467	390	630	812	749	1,129	747
R&D	5.0	5.0	n/a	0.0	1.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating income	-137	7.0	25.0	27.0	158	16.0	-106	66.0	263	-313	210	-72.0
Operating margin	-31%	1%	5%	6%	24%	3%	-27%	10%	32%	-42%	19%	-10%
Pre-tax income	667	-92.0	388	570	179	-26.0	-187	97.0	304	-380	81.0	-129
Tax rate	33%	n/a	18%	20%	6%	n/a	n/a	26%	32%	n/a	22%	n/a
Net income	460	-77.0	294	454	168	82.0	-135	72.0	207	-363	63.0	-92.0
Net margin	105%	-15%	58%	93%	26%	18%	-35%	11%	25%	-48%	6%	-12%
Diluted EPS	n/a	-$1.30	$4.84	$7.60	$3.16	$2.07	-$2.94	$1.50	$4.25	-$7.60	$1.33	-$2.00
Operating cash flow	n/a	181	173	-23.0	96.0	10.0	119	-184	489	280	461	-434
Capital expenditure	n/a	40.0	25.0	20.0	13.0	27.0	18.0	33.0	21.0	26.0	42.0	139
Free cash flow	n/a	141	148	-43.0	83.0	-17.0	101	-217	468	254	419	-573
Buybacks	n/a	0.0	30.0	624	302	1,002	83.0	20.0	0.0	0.0	100	198
Shares outstanding	51m	51m	46m	53m	51m	46m	46m	46m	46m	46m	45m	48m
Filing	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. ‡ Filed in two parts, up to 17 May 2023 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2024, filed 28 February 2025, accession 0001628280-25-008786: the filing on EDGAR. All of Talen Energy Corp.'s filings: EDGAR company page.

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