Energy & Other Revenues was Talen Energy’s largest product and service line in fiscal 2025, bringing in $2.14B of $2.58B (83%).
| Product and Service | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|
| Energy & Other Revenues | $2.04B | $1.88B | $2.14B |
| Capacity Revenues | $377.00M | $192.00M | $485.00M |
| Unrealized Gain (Loss) On Derivative Instruments (Note 2) | — | $42.00M | -$45.00M |
| Unrealized Gain (Loss) On Derivative Instruments (Note 5) | $677.00M | — | — |
| Total | $3.09B | $2.12B | $2.58B |
Talen Energy brought in $2.58B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 22.0% from $2.12B in fiscal 2024. Energy & Other Revenues was the largest at $2.14B (83.0%), ahead of Capacity Revenues at $485.00M (18.8%).
Compared with fiscal 2024, Capacity Revenues grew 152.6% to $485.00M and Energy & Other Revenues grew 13.8% to $2.14B.
Talen Energy began breaking out Unrealized Gain (Loss) On Derivative Instruments (Note 2) in fiscal 2024, when it brought in $42.00M. Talen Energy stopped reporting Unrealized Gain (Loss) On Derivative Instruments (Note 5) as a separate line after fiscal 2022, when it brought in $677.00M. The total is net of Unrealized Gain (Loss) On Derivative Instruments (Note 2), which took $45.00M off revenue in fiscal 2025.
Pjm was Talen Energy’s largest segment in fiscal 2025, bringing in $2.48B of $2.58B (96%).
| Segment | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|
| Pjm | $2.90B | $1.87B | $2.48B |
| Other | $194.00M | $367.00M | $161.00M |
| Corporate & Eliminations | -$7.00M | -$118.00M | -$57.00M |
| Total | $3.09B | $2.12B | $2.58B |
Talen Energy brought in $2.58B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 22.0% from $2.12B in fiscal 2024. Pjm was the largest at $2.48B (96.0%), ahead of Other at $161.00M (6.2%).
Compared with fiscal 2024, Pjm grew 32.7% to $2.48B, while Other fell 56.1% to $161.00M. From fiscal 2022 to 2025, combined revenue from these segments fell from $3.09B to $2.58B, a compound annual decline of 5.8%. Pjm's share of the total rose from 93.9% to 96.0%.
The total is net of Corporate & Eliminations, which took $57.00M off revenue in fiscal 2025.
Talen Energy (TLN) reports its revenue by product and service and by segment. In fiscal 2025, Energy & Other Revenues was its largest product and service line, bringing in $2.14B (83.0% of the total), followed by Capacity Revenues at $485.00M (18.8%).
Energy & Other Revenues was Talen Energy's largest product and service line in fiscal 2025, bringing in $2.14B, or 83.0% of the $2.58B total across its three product and service lines.
Pjm was Talen Energy's largest segment in fiscal 2025, bringing in $2.48B, or 96.0% of the $2.58B total across its three segments.
Capacity Revenues grew faster than Energy & Other Revenues in fiscal 2025, up 152.6% from $192.00M to $485.00M. Energy & Other Revenues grew 13.8% to $2.14B.
Every figure comes from Talen Energy's annual financial filings, as reported. Each line keeps the name Talen Energy gives it, and years follow its fiscal calendar.
Talen Energy's revenue by product and service goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.