Talen Energy Corporation (TLN)财务
NASDAQ · Utilities · Independent Power Producers · 员工1,880人 · CEO Mark Allen McFarland
- 股价
- $343.12 -1.64%
- 市值
- $162亿
- 企业价值
- $256亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-03 EPS预期 $8.33
营收(TTM)$35.3亿+65.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)7.3%-3.1 百分点 对比去年同期营业利润 $2.58亿
净利润(TTM)-$1.85亿-198.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$5.1亿+418.8% 对比去年同期资本支出 $2.86亿
稀释EPS(TTM)-$4.11-217.4% 对比去年同期最近4个季度之和
净现金-$93.4亿-218.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $162亿 EV $256亿
- 营收
- $35.3亿 过去12个月
- 营收增速
- +69% FY2026年一致预期
- 净利润率
- -5.2% 净利润 / 营收,TTM
- P/E
- -84.9× 预期 18.3×(FY2026)
- P/S
- 4.6× 股价 / 营收,TTM
- EV / EBITDA
- 35.5× TTM
- 自由现金流
- $5.1亿 过去12个月
- 净利润
- -$1.85亿 过去12个月
- 营收预期
- $44.4亿 FY2026年一致预期
- 盈利
- 2026-11-03 营收预期 $13亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收低于预期10.3%,EPS 低于预期162.3%营收$7.47亿,预期$8.33亿(-10.3%);EPS -$2.00,预期$3.21(-162.3%)。
- 营收增长加速:同比64.5%Q2 '26营收$7.47亿,此前四个季度的平均值为50.8%。
- 营业利润率7.3%(TTM),较去年同期-3.1 百分点营收增长65.8%,营业利润增长16.7%。
- 资本支出占营收的8.1%(去年为9.4%)最近4个季度投入$2.86亿(同比+42.3%)。自由现金流$5.1亿。
- 股东回报$2.98亿 = 自由现金流的58.4%回购$2.98亿(去年为$14.1亿),股息$0,股权激励$5.53亿(TTM)。
- 稀释股数一年内减少4.2%Q2 '26稀释股数4590万,一年前为4790万。
- 净债务 $93.4亿现金 + 短期投资 $2.31亿,含租赁债务 $95.7亿;一年前净债务 $29.4亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $7.47亿 | $4.54亿 | +64.5% |
| 毛利率 | 49.3% | 20.7% | +28.6 百分点 |
| 营业利润 | -$7200万 | -$2600万 | -176.9% |
| 营业利润率 | -9.6% | -5.7% | -3.9 百分点 |
| 净利润 | -$9200万 | $7200万 | -227.8% |
| 稀释EPS | -$2.00 | $1.50 | -233.3% |
| 经营现金流 | -$4.34亿 | -$1.84亿 | -135.9% |
| 资本支出 | $1.12亿 | $3700万 | +202.7% |
| 自由现金流 | -$5.46亿 | -$2.21亿 | -147.1% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $7000万 | $0 | – |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $7.47亿 | $8.33亿 | -10.3% |
| EPS(一致预期口径) | -$2.00 | $3.21 | -162.3% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Electricity Sales And Ancillary Services | $6.26亿 | +103.9% | 70.5% | $30.1亿 | – | |
| Commodity Contracts, Unrealized Gain (Loss) | -$600万 | -185.7% | -0.7% | $3.03亿 | – | |
| Operating Revenue, Capacity | $2.37亿 | +169.3% | 26.7% | $7.92亿 | – | |
| Physical Electricity Sales, Bilateral Contracts, Other | $3100万 | +121.4% | 3.5% | $1.12亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $7.96亿
- 资本支出
- -$2.86亿
- 股票回购
- -$2.98亿
- 股息
- $0
- 收购
- -$63.6亿
- 债务净发行
- $27.1亿
- 股权激励费用
- $5.53亿
- 自由现金流
- $5.1亿
- 股东回报 / FCF
- 58.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -84.9× | 8.6× 5年中的2年 | 6.2× – 11.0× |
| EV / EBITDA | 35.5× | 19.8× 5年中的3年 | 6.3× – 45.3× |
| EV / 营收 | 7.2× | 4.8× | 2.3× – 8.8× |
| 股价 / FCF | 31.8× | 83.9× 5年中的3年 | 7.3× – 202.4× |
| 股价 / 净资产 | 9.7× | 7.0× 5年中的4年 | 1.5× – 15.7× |
| FCF收益率 | 3.1% | -2.8% | -24.8% – 13.7% |
| 投入资本回报率 | 1.9% | 0.1% | -4.5% – 2.7% |
| 净资产收益率 | -14.1% | 33.4% | -134.9% – 225.0% |
分析师
一致目标价 $465.94 (+35.8%)
区间 $387.00 – $560.00 · 评级 Buy
强烈买入0
买入12
持有2
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $44.4亿 | +69.0% | $18.76 | +491.7% | 18.3× | 7 |
| FY2027 | $51.9亿 | +17.0% | $30.30 | +61.5% | 11.3× | 7 |
| FY2028 | $55.5亿 | +6.8% | $37.24 | +22.9% | 9.2× | 7 |
| FY2029 | $57.4亿 | +3.6% | $45.86 | +23.1% | 7.5× | 2 |
| FY2030 | $59.1亿 | +3.0% | $52.27 | +14.0% | 6.6× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Talen Energy Corporation在近期10-Q / 10-K文件中标记的全部277项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts and Other Receivables, Net, Current | $2.94亿 | $2.26亿 | +30.1% | $1.96亿 | $1.23亿 | +59.3% |
| Accounts Payable and Other Accrued Liabilities, Current | $3.47亿 | $2.26亿 | +53.5% | $2.81亿 | $2.66亿 | +5.6% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $2.4亿 | $1.54亿 | +55.8% | $1.6亿 | $6600万 | +142.4% |
| Accretion Expense, Including Asset Retirement Obligations | $1500万 | $1500万 | 0.0% | $5800万 | $5700万 | +1.8% |
| Accrual for Environmental Loss Contingencies | $1900万 | $2100万 | -9.5% | $2000万 | $2100万 | -4.8% |
| Accrual for Environmental Loss Contingencies, Discount Rate | 8.4%2025-12-31 | 8.4% | -0.1% | 8.4% | 8.4% | -0.1% |
| Accrual for Environmental Loss Contingencies, Gross | $3000万2025-12-31 | $3200万 | -6.3% | $3000万 | $3200万 | -6.3% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $8.5亿 | $5.63亿 | +51.0% | $7.1亿 | $4.65亿 | +52.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1200万 | -$900万 | -33.3% | -$400万 | -$1200万 | +66.7% |
| Additional Paid in Capital | $25.3亿 | $17.1亿 | +48.0% | $17.1亿 | $17.3亿 | -0.9% |
| Amortization | $0 | $300万 | -100.0% | $1000万 | $1600万 | -37.5% |
| Amortization of Nuclear Fuel Lease | $2200万 | $1800万 | +22.2% | $9700万 | $1.23亿 | -21.1% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | -$9500万 | -$700万 | -1,257.1% | $200万 | $3300万 | -93.9% |
| Asset Retirement Obligation | $5.31亿 | $5.11亿 | +3.9% | $5.14亿 | $4.98亿 | +3.2% |
| Asset Retirement Obligation, Accretion Expense | $1500万 | $1400万 | +7.1% | $5600万 | $5500万 | +1.8% |
| Asset Retirement Obligation, Cash Paid to Settle | $1000万 | $800万 | +25.0% | $2700万 | $1300万 | +107.7% |
| Asset Retirement Obligation, Liabilities Incurred | – | – | – | $0 | $900万 | -100.0% |
| Asset Retirement Obligation, Revision of Estimate | $1000万2025-12-31 | – | – | $1300万 | $1700万 | -23.5% |
| Assets | $151亿 | $58.3亿 | +158.6% | $109亿 | $61.1亿 | +78.6% |
| Assets, Current | $10.3亿 | $8.3亿 | +23.9% | $13.5亿 | $10.4亿 | +29.7% |
| Assets, Fair Value Disclosure | $21.4亿 | $18.7亿 | +14.3% | $19.6亿 | $18亿 | +9.2% |
| Capital Expenditures Incurred but Not yet Paid | $1.06亿 | -$300万 | +3,633.3% | $2300万 | $1400万 | +64.3% |
| Cash and Cash Equivalents, at Carrying Value | $2.31亿 | $1.22亿 | +89.3% | $6.89亿 | $3.28亿 | +110.1% |
| Cash and Cash Equivalents, Fair Value Disclosure | $900万 | $1400万 | -35.7% | $1600万 | $300万 | +433.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.38亿 | $1.35亿 | +76.3% | $7.52亿 | $3.65亿 | +106.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$7.89亿 | -$1.85亿 | -326.5% | $3.87亿 | -$5.36亿 | +172.2% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 3.5亿 | 3.5亿 | 0.0% | 3.5亿 | 3.5亿 | 0.0% |
| Common Stock, Shares, Issued | 4790万 | 4570万 | +4.9% | 4570万 | 4600万 | -0.6% |
| Common Stock, Shares, Outstanding | 4790万 | 4570万 | +4.9% | 4570万 | 4600万 | -0.6% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $02025-12-31 | -$1400万 | +100.0% | $0 | $1500万 | -100.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$9300万 | $7300万 | -227.4% | -$2.11亿 | $10.1亿 | -120.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $5600万2026-03-31 | -$1.33亿 | +142.1% | -$2.11亿 | $10.2亿 | -120.6% |
| Contract with Customer, Liability, Noncurrent | $6.62亿2025-12-31 | $0 | – | $6.62亿 | $0 | – |
| Credit Derivative, Maximum Exposure, Undiscounted | $13亿 | $6.96亿 | +86.8% | $6.52亿 | $3.5亿 | +86.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$5400万 | $1.13亿 | -147.8% |
| Current Income Tax Expense (Benefit) | – | – | – | -$6700万 | $1.44亿 | -146.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$1300万 | $3100万 | -141.9% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $1.24亿 | $4100万 | +202.4% | $1亿 | $3400万 | +194.1% |
| Debt Securities, Available-for-sale | $7.86亿 | $6.17亿 | +27.4% | $7.77亿 | $6.11亿 | +27.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $400万 | $700万 | -42.9% | $700万 | $300万 | +133.3% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $900万 | $500万 | +80.0% | $300万 | $700万 | -57.1% |
| Debt Securities, Available-for-sale, Amortized Cost | $7.91亿 | $6.15亿 | +28.6% | $7.73亿 | $6.15亿 | +25.7% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $2.21亿 | $1.96亿 | +12.8% | $2.33亿 | $2.2亿 | +5.9% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $2100万 | $6600万 | -68.2% | $2300万 | $8200万 | -72.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $1.15亿 | $9400万 | +22.3% | $1.01亿 | $1500万 | +573.3% |
| Debt Securities, Available-for-sale, Realized Gain | $100万 | $400万 | -75.0% | $1000万 | $1200万 | -16.7% |
| Debt Securities, Available-for-sale, Realized Loss | -$100万 | -$300万 | +66.7% | -$600万 | -$1300万 | +53.8% |
| Debt Securities, Available-for-sale, Unrealized Loss | $0 | $100万 | -100.0% | $300万 | $700万 | -57.1% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $5.63亿 | $1.51亿 | +272.8% | $2.39亿 | $3.57亿 | -33.1% |
| Debtor Reorganization Items, Debtor-in-Possession Facility Financing Costs | – | – | – | $7000万2022-12-31 | – | – |
| Debtor Reorganization Items, Other Expense (Income) | – | – | – | $900万2022-12-31 | – | – |
| Debtor Reorganization Items, Revaluation of Assets and Liabilities | – | – | – | $02022-12-31 | – | – |
| Debtor Reorganization Items, Write-off of Debt Issuance Costs and Debt Discounts | – | – | – | $3000万2022-12-31 | – | – |
| Decommissioning Fund Investments, Fair Value | $20亿 | $17.9亿 | +11.6% | $19亿 | $17.2亿 | +10.2% |
| Deferred Compensation Share-based Arrangements, Liability, Current | $600万 | – | – | $5.01亿 | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $1.35亿 | -$4700万 | +387.2% |
| Deferred Income Tax Expense (Benefit) | -$3900万 | $400万 | -1,075.0% | $1.2亿 | -$4600万 | +360.9% |
| Deferred Income Tax Liabilities, Net | $9.04亿 | $2.97亿 | +204.4% | $4.86亿 | $3.62亿 | +34.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02