Talen Energy Corp (PK:TLNE)
Business Focus: Independent Power Producers
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEC Form 4 filings for TLNE*US within the last 6 months
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Company News
May 13, 2024 16:00 ET
Talen Energy Reports First Quarter Results, Increases 2024 Guidance for Remaining Fleet and Announces Upsizing of Share Repurchase Program to $1 Billion
HOUSTON, May 13, 2024 /PRNewswire/ --Talen Energy Corporation ("Talen", the "Company", "we", or "our") (OTCQX: TLNE), an independent power producer ("IPP") and infrastructure company committed to the energy transition, today reported its first quarter 2024 financial and operating results.
May 08, 2024 16:30 ET
Talen Energy Announces Successful Repricing and Amendment of Term Loans
HOUSTON, May 8, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) today announced the successful completion of a favorable repricing (the "Repricing") of its existing $863 million Term Loan B credit facility and its $470 million Term Loan C credit facility (collectively, the "Term Loans"). The new applicable rate for the Term Loans is the Secured Overnight Financing Rate ("SOFR") plus 350 basis points, which reduces the interest rate margin by 100 basis points. The Repricing also reduces the applicable SOFR floor from 50 to 0 basis points. This transaction is expected to
Valuation Ratios
Industry
Sector
Beta
N/A
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Price to Sales - TTM
1.49
1.20
2.05
Price to Book - most recent quarter
2.95
3.16
1.69
Price to Cash Flow per share - TTM
7.86
5.13
8.04
Price to Free Cash Flow per share - TTM
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6.30
23.62
Business Summary
| Sector: Utilities | Industry: Independent Power Producers |
Talen Energy Corporation is an independent power producer and infrastructure company. The Company owns and operates approximately 10.7 gigawatts of power infrastructure in the United States. The Company produces and sells electricity, capacity, and ancillary services into wholesale United States power markets, including PJM and WECC, with its generation fleet principally located in the Mid-Atlantic and Montana. While the majority of its power is already generated at zero-carbon nuclear and lower-carbon gas-fired facilities, it is reducing the carbon profile of its wholly owned coal fleet through conversion to lower-carbon fuels. Its plants generate power using a variety of fuels, ranging from zero-carbon energy like nuclear to gas, coal and oil, with some possessing dual fuel switching capabilities. In addition, the Company is developing a hyperscale data center campus adjacent to its Susquehanna nuclear plant that utilizes the carbon-free energy that Susquehanna generates.
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