secwatch.observer — SEC 8-K summary
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Issuer:     NRG ENERGY, INC. (NRG)
CIK:        0001013871
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001013871-23-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NRG Energy Q1 2023 net loss $1.3B on mark-to-market hedges; completes Vivint acquisition
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- Net loss of $1.3B ($5.82/share) vs net income of $1.736B in Q1 2022; Adjusted EBITDA rose to $646M from $536M.
- Closed $2.609B cash acquisition of Vivint Smart Home on March 10; Vivint contributed $73M Adjusted EBITDA in March.
- Updated 2023 guidance: Adjusted EBITDA $3.01B-$3.25B; FCFbG $1.62B-$1.86B, reflecting Vivint and harmonized definitions.
- Sale of Astoria land for $209M net proceeds closed Jan 6; W.A. Parish Unit 8 outage expected to return by end of Q2 2023.
- Board declared quarterly dividend of $0.3775/share ($1.51 annual), payable May 15 to holders of record May 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013871/000101387123000009/0001013871-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013871/000101387123000009/nrg-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001013871-23-000009

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