Topic 1: Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses were reduced by 8% due to cost-cutting measures [3]. Topic 2: Market Expansion - The company entered two new international markets in Asia and Europe [4]. - Market share in the domestic market grew by 5% [1]. - A new product line was launched to target younger demographics [2]. Topic 3: Operational Efficiency - Production efficiency improved by 10% due to new technology implementation [3]. - Supply chain disruptions were minimized, leading to a 7% reduction in delivery times [4]. - Employee productivity increased by 12% following training programs [1]. Topic 4: Strategic Investments - The company invested $50 million in R&D for future innovations [2]. - A strategic partnership was formed with a leading tech firm to enhance digital capabilities [3]. - Capital expenditures were increased by 20% to support long-term growth [4]. Topic 5: Risk Management - Cybersecurity measures were strengthened to protect customer data [1]. - A new risk assessment framework was implemented to mitigate financial risks [2]. - Insurance coverage was expanded to cover potential supply chain disruptions [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: September 30, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 41-1724239 (I.R.S. E ...

Financial Data and Key Metrics Changes - NRG Energy reported adjusted EBITDA of $973 million for Q3 2023, a 103% increase from the same period last year, bringing year-to-date adjusted EBITDA to $2.438 billion, a 74% increase year-over-year [7][34][28] - The company raised and narrowed its full-year 2023 guidance for adjusted EBITDA to a range of $3.15 billion to $3.3 billion and for free cash flow before growth to $1.725 billion to $1.875 billion [34][41] Business Line Data and Key Metrics Changes - The Integrated Energy Business in Texas saw adjusted EBITDA increase by $356 million year-over-year, driven by higher gross margins and improved plant performance [31] - Vivint contributed $225 million in adjusted EBITDA, with a 9% revenue growth year-over-year, driven by a 7% increase in subscribers and improved retention [33][17] Market Data and Key Metrics Changes - The Texas market experienced record demand during the hottest summer, with the power grid performing well despite high demand [12] - Retail supply strategies provided predictable supply costs, enhancing performance during volatile load and price conditions [14] Company Strategy and Development Direction - NRG is focusing on behind-the-meter load management opportunities for homes and businesses, with a target to optimize existing customer peak demand and expand Virtual Power Plant services [6][21] - The company is committed to a capital allocation framework of 80% return on capital and 20% growth, with plans for significant share repurchases and debt reduction [10][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of margin expansion and operational improvements, indicating a strong outlook for 2024 and beyond [60][41] - The company is monitoring changes in market design and regulatory conditions in ERCOT to inform future decisions regarding asset acquisitions and development [68][106] Other Important Information - NRG is raising its 2023 share repurchase target by 15% to $1.5 billion, with $200 million completed year-to-date and plans for an accelerated share repurchase program [10][39] - The company is also focusing on integrating Vivint, with an increased target for 2023 from $60 million to $75 million [9] Q&A Session Summary Question: Can you unpack the $160 million in improved operations and margins in the 2024 EBITDA guidance? - Management indicated that the $160 million is primarily due to margin expansion across the business, driven by revenue management and cost of supply improvements [55][60] Question: What is the strategy regarding new builds in ERCOT? - Management is evaluating the economics of owning versus renting generation assets and is awaiting regulatory changes to inform future decisions [66][68] Question: Can you discuss the buyback program and its impact on 2024? - Management confirmed that the accelerated share repurchase program will be executed efficiently, with completion expected in the first quarter of next year, allowing for continued repurchase momentum into 2024 [72][75] Question: How is the customer mix evolving? - Management stated that there is no significant change in customer mix, with new customers taking more products and maintaining high credit quality [119]

1 Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated herein include, among others, general economic conditions, including increasing interest rates and rising inflation, hazards customary in the power industry, weather conditions and extreme weather events, competition in wholesale power, gas and smart ...

Commission File Number: 001-15891 NRG Energy, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: June 30, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 41-1724239 (I.R.S. Employ ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------|-------|-------|-------|------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NRG Energy Inc. | | | | | | | | | | | Second Quarter 2023 Earnings Presentation August 08, 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | \| NRG 2Q23 Earnings | | | ...

Draft 4 04/21/2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: March 31, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 41-17 ...

Strong Retail Performance – Ending Quarter at 7.4 MM Home Customers 1 The cash impact of deferred revenue is the net change in the balance sheet from capitalizing proceeds received from installation and equipment and then recognizing those proceeds as revenue on a straight-line basis over the expected period of benefit; 2 Amortization of customer fulfillment costs, which are included in the calculation of Adjusted EBITDA, is the P&L recognition of capitalized contract costs related to the sale and installat ...

NRG Energy, Inc. (NYSE:NRG) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Kevin Cole - Treasurer & Head of Investor Relations Mauricio Gutierrez - President & Chief Executive Officer Alberto Fornaro - Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Operator Good day and thank you for standing by. Welcome to the NRG Energy First Quarter 2023 Earnings Call. At this time, all participants are in listen-only mode. After the speakers' pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2022. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to . Commission file No. 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organizatio ...