Energy is not quantized in this case because the free particle does not represent a possible physical state. Rather, it is a useful description in the study of one dimensional scattering. None of the eigenfunctions of the moment operator live in Hilbert Space, thus they do not represent a physically realizable state. However, you can recover Dirac Orthonormality and the eigenfunctions are complete, so the free particle is very useful when applied to other problems.