NRG Q2 Adj. EBITDA $819M (up from $386M); raises 2023 growth target to $60M; reaffirms guidance

NRG ENERGY, INC.

2023-Q2 EPS reported -$4.56 revenue$14,070,000,000

GAAP Net Income $308M vs $513M YoY; Adjusted EBITDA $819M, more than double prior year.
FCF Before Growth Investments (FCFbG) $425M vs $97M YoY.
Reaffirms FY2023 guidance: Adj. EBITDA $3,010-$3,250M, FCFbG $1,620-$1,860M.
Increasing 2023 growth contribution target to $60M from $30M; $2.7B share repurchase authorized.
Vivint Smart Home revenue up 12%, reached 2M+ customers; Adj. EBITDA $217M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NRG ENERGY, INC. reported the quarter ended June 30, 2023 results: net income $308 million. Guidance raised.

Period: the quarter ended June 30, 2023
Net income: $308 million
Guidance: raised
Result: reported results

Exact text from the filing

NRG Energy, Inc. Reports Second Quarter 2023 Results and Reaffirms 2023 Financial Guidance • Strong second quarter performance resulted in GAAP Net Income of $308 million and Adjusted EBITDA of $819 million

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Source: SEC EDGAR

accession 0001013871-23-000015

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