Talen Reports Q1 Revenue of $1.12B, Beating Consensus
Reports Q1 revenue $1.12B, consensus $1.07B. "Talen started the year strong and today we are reporting first quarter results, earning $473 million of Adjusted EBITDA and $350 million of Adjusted Free Cash Flow. We continue to progress the Cornerstone Acquisition and secured financing in April. During the quarter, we repurchased 300,000 shares for $100 million under our share repurchase program and have $1.9 billion remaining through year end 2028. With strong first quarter results, and until we close the Cornerstone Acquisition, we are reaffirming our 2026 guidance," said Talen Chief Executive Officer Mac McFarland. He continued, "We continue to progress on several land development and contracting growth options through our flywheel strategy."
