TLN
Market read
The latest filing is mixed. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Invalidation: The isolated read changes if TLN's group or a disclosed connection begins moving with it.
Research brief
The latest filing is mixed. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“The proposed Cornerstone Acquisition is subject to regulatory approvals and the satisfaction of other customary closing conditions, and is expected to close early in the second half of 2026.”10-Q · May 5, 2026 ↗
“Additionally, TETCO M-3 natural gas prices settled higher in the period due to the effect of increased electric demand resulting from the extreme temperature days in PJM driving natural gas prices to historic highs on those days.”10-Q · May 5, 2026 ↗
“Additionally, TETCO M-3 natural gas prices settled higher in the period due to the effect of increased electric demand resulting from the extreme temperature days in PJM driving natural gas prices to historic highs on those days.”10-Q · May 5, 2026 ↗
“This primarily consisted of: ◦ $(120) million increase in cash interest expense on the TLB-3 and Unsecured Notes due 2034 and 2036, each issued in the fourth quarter 2025 in connection with the Freedom and Guernsey acquisitions that were completed in November…”10-Q · Aug 5, 2026 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for TLN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-05 against the comparable filing from 2025-08-07.
Capital and cash conversion
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“Financing activities A change of $2.3 billion in net cash provided by (used in) financing activities was primarily due to (i) $4.0 billion in new debt from the issuance of the Unsecured Notes due 2031 and 2033; (ii) $(1.2) billion redemption of the Secured Notes; (iii) $(195) million decrease in share repurchases; and (iv) $(140) million in payments for tax withholdings related to stock-based awards.”
“This is primarily driven by: (i) higher cleared capacity prices, partially offset by a decrease to lowered cleared volumes through the 2025/2026 PJM BRA compared to the 2024/2025 PJM BRA; and (ii) higher capacity results due to the Freedom and Guernsey acquisitions that were completed in November 2025. ◦ Unrealized gain (loss) on derivative instruments, net. $(275) million unfavorable decrease.”
“This is primarily driven by higher cleared capacity prices received through the 2025/2026 PJM BRA compared to the 2024/2025 PJM BRA, and higher capacity results due to the Freedom and Guernsey acquisitions that were completed in November 2025. ◦ Unrealized gain (loss) on derivative instruments, net. $(303) million unfavorable decrease.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Freedom and Guernsey Acquisitions In July 2025, we entered into definitive agreements to acquire Caithness Energy’s 1,045 MW (summer rating) Freedom Energy Center in Pennsylvania and 1,836 MW (summer rating) Guernsey Power Station in Ohio, both gas fired comb…”
“Nautilus Cryptomine LLC, a cryptocurrency project that was previously a joint venture between the Company and TeraWulf.”
Depended on by
“The Nautilus Cryptomine Facility Located in Berwick, Pennsylvania, Nautilus was a joint venture between TeraWulf and Talen Member.”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
TLN is currently a Leader in the organic co-movement group Independent Power Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.