Talen Energy reported third-quarter 2026 Adjusted EBITDA of $669 million. Adjusted Free Cash Flow reached $433 million for the same quarter. In a new filing, the company said it would use $1.5 billion in cash from PJM capacity auctions to fund share buybacks.
The company used $1.3 billion in net proceeds from the sale of future cash flows to fund an accelerated buyback, after raising the remaining capacity of its program to $3 billion.
Read the full storyAdjusted operating metrics surged, but net income fell to $138 million on unrealized derivative losses and higher interest on acquisition financing.