NRG Energy Q3 net income $67M; narrows 2022 guidance, initiates 2023 outlook

NRG ENERGY, INC.

2022-Q3 EPS reported $9.73 revenue$23,688,000,000

Q3 net income of $67M ($0.29 EPS), down from $1.6B in Q3 2021 due to mark-to-market hedges.
Adjusted EBITDA of $452M vs $767M YoY; Texas segment impacted by W.A. Parish outage.
Narrowing 2022 Adjusted EBITDA guidance to $1.95-$2.05B; 2023 guidance initiated at $2.27-$2.47B.
Board approves $600M incremental share repurchase for 2023; annual dividend raised 8% to $1.51/share.
Astoria site sale for $212M expected to close Q4 2022; $43M impairment recorded.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NRG ENERGY, INC. reported quarter ended September 30, 2022 results: net income $67 million, EPS $0.29 per diluted common share.

Period: quarter ended September 30, 2022
Net income: $67 million
EPS: $0.29 per diluted common share
Result: reported results

Exact text from the filing

NRG Energy, Inc. (NYSE: NRG) today reported a third quarter 2022 Net Income of $67 million, or $0.29 per diluted common share, and Adjusted EBITDA for the third quarter of $452 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NRG ENERGY, INC. updated its fiscal year 2023 guidance (initiated).

Period: fiscal year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

NRG is narrowing its 2022 Adjusted EBITDA as well as narrowing and adjusting down the 2022 FCFbG guidance, and is initiating guidance for the 2023 fiscal year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

NRG ENERGY, INC. reported nine months ended September 30, 2022 results: net income $2,316 million.

Period: nine months ended September 30, 2022
Net income: $2,316 million
Result: reported results

Exact text from the filing

Three Months Ended Nine Months Ended ($ in millions) 9/30/2022 9/30/2021 9/30/2022 9/30/2021 Net Income $ 67 $ 1,618 $ 2,316 $ 2,614

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Source: SEC EDGAR

accession 0001013871-22-000024

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