NRG Energy (NRG) closed the most recent trading day at $78.66, moving -1.08% from the previous trading session. This change lagged the S&P 500's 0.09% gain on the day. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq increased by 0.3%. Investors will be eagerly watching for the performance of NRG Energy in its upcoming earnings disclosure. In that report, analysts expect NRG Energy to post earnings of $1.38 per share. This would mark year-over-year growth of 25.45%. O ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about NRG Energy (NRG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. NRG currently has an average b ...

A month has gone by since the last earnings report for NRG Energy (NRG) . Shares have added about 7.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is NRG due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. NRG Energy Q1 Earnings Beat Estimates, Sales Decline Y/Y NRG ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (713) 537-3000 (Registrant's telephone number, including area code) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: March 31, 2024 ☐ 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 ...

Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of $849 million for Q1 2024, which is a 31% increase from the previous year, exceeding Q1 2023 by $203 million [37][63] - The increase in adjusted EBITDA was partly due to the inclusion of a full quarter's worth of smart home EBITDA, contributing $150 million to the year-over-year increase [37] - The company reaffirmed its 2024 guidance for both EBITDA and free cash flow before growth, indicating strong momentum in its consumer and business platforms [63] Business Line Data and Key Metrics Changes - The consumer energy and smart home platforms saw customer counts increase year-over-year by 8% and 6%, respectively [57] - The smart home platform demonstrated strong execution, with service margins increasing by 5% year-over-year and monthly recurring revenue per subscriber also growing by 5% [58] - The company added 35,000 customers from the newly opened Lubbock market in Texas, capturing a healthy share of the available customer base [38] Market Data and Key Metrics Changes - The company operates one of the leading business-to-business power and natural gas platforms in North America, serving nearly 100 terawatt hours of electricity and almost 1.8 trillion cubic feet of natural gas annually [16] - The Texas generation fleet is diverse, with 8.5 gigawatts of generation capacity and 1.6 gigawatts of long-term power purchase agreements, positioning the company to capitalize on medium- to long-term margin expansion driven by higher power prices [33] Company Strategy and Development Direction - The company is focused on capitalizing on the expected super cycle of power demand driven by electrification, manufacturing, and data center growth [25][22] - The strategic diversification across technologies, fuel types, and merit orders ensures near-term stability and positions the company to capture significant margin upside in a rising price environment [35][33] - The company is committed to a capital allocation plan of approximately $1.2 billion for 2024, which includes common dividends and share repurchases [40] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the transformative opportunities in the sector, highlighting a step change in long-term power demand driven by various factors [25][22] - The company is well-positioned to navigate the tightening supply and demand dynamics in core markets, leveraging its technology-led consumer platform and diversified generation portfolio [140] - Management noted that the current market conditions allow for flexibility in capital allocation while maintaining strong shareholder returns [131] Other Important Information - The company concluded a $950 million accelerated share repurchase program, repurchasing nearly 19 million shares at an average price of $50.43 per share [60] - The company owns 21 sites with 21,000 acres of land in competitive markets, which are prime locations for new large loads and power plant development [55] Q&A Session Summary Question: What is the impact of recent EPA regulations on the generation profile? - Management indicated that the regulations will be litigated and emphasized that their investment decisions are based on market opportunities rather than regulatory changes [72] Question: Any updates on the CEO search? - Management stated that there is no rush in the CEO search and that they are focused on finding the right candidate [51] Question: How does the company view the new build generation opportunities? - Management expressed confidence in funding new builds through the Texas Energy Fund and internal cash flow without impacting capital allocation commitments [109] Question: What is the outlook for ERCOT prices? - Management believes there is room for upside in ERCOT prices due to large loads entering the system [116] Question: How does the company maintain retail margins amid rising power prices? - Management highlighted their ability to pass through price increases to consumers over time, maintaining strong retail margins [123]

NRG Energy, Inc. (NRG) reported first-quarter 2024 earnings of 80 cents per share, which beat the Zacks Consensus Estimate of 51 cents by 56.9%. However, the bottom line declined 7% from the year-ago quarter’s figure of 86 cents.RevenuesTotal revenues came in at $7.43 billion, down 3.8% from the prior-year quarter’s reported level of $7.72 billion. Highlights of the ReleaseThe company recorded adjusted EBITDA of $849 million, up 31.4% from $646 million recorded a year ago.Operating costs and expenses totale ...

Exhibit 99.1 NRG Energy, Inc. Reports First Quarter Results and Reaffirms 2024 Financial Guidance HOUSTON—May 7, 2024—NRG Energy, Inc. (NYSE: NRG) today reported first quarter 2024 Net Income of $511 million. Adjusted EBITDA for the first quarter was $849 million, Cash Provided by Operating Activities was $267 million, and Free Cash Flow Before Growth Investments (FCFbG) was $(40) million. Cash Provided by Operating Activities and FCFbG for the first quarter were primarily impacted by annual incentive payme ...

NRG Energy (NRG) ended the recent trading session at $73.95, demonstrating a +1.57% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.32%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.The power company's shares have seen an increase of 7.56% over the last month, surpassing the Utilities sector's loss of 4.88% and the S&P 500's loss of 2%.The investment community will be closely monitoring the performance of NRG En ...

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, 2023. ☐ 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 ...

Financial Data and Key Metrics Changes - In 2023, the company achieved adjusted EBITDA of $3.282 billion, a 76% increase compared to the previous year, primarily driven by improved operational performance and the addition of the Smart Home business [54][108] - Free cash flow before growth reached $1.925 billion, setting a new record and representing an improvement of $1.4 billion over the prior year [59][109] - The company reported $9.25 of free cash flow before growth per share, exceeding the $8.50 target set during the Investor Day [60][109] Business Line Data and Key Metrics Changes - The Smart Home business contributed $753 million in adjusted EBITDA, achieving 6% subscriber growth and improving monthly recurring service margins to 9% [58][109] - The Texas region saw an increase in adjusted EBITDA by $806 million over 2022, driven by higher revenue rates and lower supply costs [55][109] - The East/West services segments experienced a decline of $142 million compared to the prior year due to asset retirements and a challenging housing market [57][109] Market Data and Key Metrics Changes - The company is positioned to benefit from the growing demand for power, particularly from data centers and AI, which is expected to expand margins across its existing generation portfolio [51][87] - The Lubbock market opened with 65% of consumers making a choice for their electricity provider, indicating strong customer engagement [93][96] - The company maintains a 39% share of customers in Texas, outperforming expectations in the residential market [96] Company Strategy and Development Direction - The company is committed to achieving a 15% to 20% growth in free cash flow per share and is focused on integrating Smart Home with its energy businesses [39][71] - The strategic plan includes a $550 million target for growth and cost initiatives by the end of 2025, with a focus on leveraging synergies and optimizing capital allocation [49][105] - The company is evaluating additional storage options and has three brownfield projects ready to go in Texas, indicating a proactive approach to meeting future energy demands [46][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to handle load demands and maintain performance during extreme weather events, citing successful operations during Winter Storm Heather [5][62] - The outlook for 2024 remains positive, with expectations for continued growth in consumer energy and improved margins across various customer segments [43][56] - Management highlighted the importance of adapting to market conditions and the potential for improved valuations in the energy sector due to tightening supply-demand fundamentals [71][72] Other Important Information - The company has executed over $1.5 billion in debt repayment and returned another $1.5 billion to shareholders, demonstrating a strong capital allocation strategy [42][66] - The company is not actively pursuing an investment-grade rating but is focused on achieving metrics that align with such a rating [33][100] - The company plans to continue its disciplined capital allocation strategy, including significant share repurchases and dividends [66][107] Q&A Session Summary Question: How does the company view its positioning relative to the free cash flow per share target? - Management reaffirmed commitment to achieving the 15% to 20% growth in free cash flow per share, with expectations for $150 million above previous guidance for 2024 [4][39] Question: What is the status of the CEO search process? - Management indicated that they are looking for a candidate who spans both consumer and energy sectors, with a timeline of three to nine months for the search [19][20] Question: How does the company plan to address the tightening supply-demand fundamentals in the energy market? - Management emphasized the importance of being asset optimal rather than asset-light, with plans for brownfield projects and partnerships to meet growing demand [25][32] Question: What are the expectations for the Smart Home business in 2024? - Management expects continued growth in subscriber numbers and recurring revenue, with a focus on maintaining high customer retention rates [84][85] Question: How does the company view the impact of data centers on its business? - Management noted that increased demand from data centers is expected to expand margins and drive customers towards larger, quality providers like the company [87][88]