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Talen Energy quarterly profit falls on higher expenses, Susquehanna outage
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Talen Energy quarterly profit falls on higher expenses, Susquehanna outage
Aug 7, 2025 4:08 AM

Aug 7 (Reuters) - Utility Talen Energy reported

a fall in second-quarter profit on Thursday, hurt by higher

energy purchase costs and maintenance expenses associated with a

refueling outage at its Susquehanna nuclear facility.

In May, the utility identified extra maintenance work in

Unit 2 of the Susquehanna facility that had already been placed

under a planned outage in March.

The company said it paid a total of $252 million for energy

expenses during the second quarter, compared with $176 million a

year ago. Its operation, maintenance and development expenses

rose 17% to $192 million.

In June, Talen Energy ( TLN ) expanded a nuclear energy partnership

with Amazon.com ( AMZN ) to supply up to 1,920 megawatts of

electricity from its Susquehanna plant in Pennsylvania to Amazon

Web Services (AWS) data centers.

The company said last month it was also acquiring two power

plants in Pennsylvania and Ohio for a net $3.5 billion, and

expects the purchase to boost free cash flow per share by more

than 40% in 2026.

Talen owns and operates about 10.7 gigawatts of power

infrastructure in the United States. It produces and sells

electricity, capacity, and ancillary services into wholesale

U.S. power markets.

Its quarterly operating revenue came in at $630 million for

the quarter ended June 30, compared with $489 million a year

earlier. Analysts, on average, expected revenue of $434.5

million, according to data compiled by LSEG.

The company reaffirmed its 2025 adjusted core profit

forecast of between $975 million and $1.13 billion.

The Houston-Texas based company's net income fell to $72

million, or $1.50 per share, for the quarter ended June 30, from

$454 million, or $7.60 per share, a year ago.

(Reporting by Pooja Menon in Bengaluru; Editing by Devika

Syamnath)

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