earnings
confidence high
sentiment positive
materiality 0.70
NRG Energy Q3 net income $1.6B, EPS $6.60; raises dividend 8%; CAO resigns
NRG ENERGY, INC.
2021-Q3 EPS reported
$10.67
revenue$19,943,000,000
- Net income $1,618M ($6.60 diluted EPS); Adjusted EBITDA $767M vs $752M prior year.
- Narrows 2021 Adjusted EBITDA guidance to $2,400-$2,500M; initiates 2022 guidance at $1,950-$2,250M.
- Annual dividend increased 8% to $1.40/share starting Q1 2022; Q4 dividend $0.325/share paid Nov 15.
- CAO David Callen resigns effective Nov 30, 2021; departure not due to any disagreement.
- Winter Storm Uri pre-tax loss of $1,070M; expected mitigants $370-$570M; net cash impact ~$600M.