Talen Energy Corporation (TLNE) Reports Q1 EPS of $4.84, raises guidance

Talen Energy Corporation (OTC: TLNE) reported Q1 EPS of $4.84. Revenue for the quarter came in at $509 million.

Guidance:

Adjusted EBITDA: $600 – $800 millions.

Adjusted Free Cash Flow: $160 – $310 millions.

Talen is increasing our 2024 Adjusted EBITDA and Adjusted Free Cash Flow guidance ranges to reflect forward spark spread expansion and lower debt service costs, while also updating to account for the sale of the ERCOT plants. We are removing approximately $70 million of earnings from the ERCOT fleet for the balance of 2024 while increasing the ranges for the rest of the fleet by approximately $30 million for forward power price growth and spark spread expansion. We are also increasing the Adjusted Free Cash Flow range by approximately $5 million for lower debt service costs after the term loan repricing. The new range for 2024 Adjusted EBITDA is $600 to $800 million, and the new range for Adjusted Free Cash Flow is $160 to $310 million.

For earnings history and earnings-related data on Talen Energy Corporation (TLNE) click here.

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