NRG Q3 net income $343M; raises 2023 guidance mid-point by $95M; initiates 2024 guidance above plan

NRG ENERGY, INC.

2023-Q3 EPS reported -$3.14 revenue$22,016,000,000

Q3 GAAP Net Income $343M, Adjusted EBITDA $973M, Free Cash Flow Before Growth Investments $355M.
Raised 2023 Adjusted EBITDA guidance mid-point by $95M to $3.15-3.30B; 2024 guidance initiated at $3.30-3.55B.
Increasing 2023 share repurchase allocation to $1.15B (15% increase); $950M ASR planned.
Completed STP sale for $1.75B; on track to reduce debt by $1.4B in 2023 ($800M done, $600M by year-end).
2024 capital allocation: $1.16B returned to shareholders, $500M debt reduction, 8% dividend increase to $1.63/sh.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NRG ENERGY, INC. reported the quarter ended September 30, 2023 results: net income $343 million. Guidance raised.

Period: the quarter ended September 30, 2023
Net income: $343 million
Guidance: raised
Result: reported results

Exact text from the filing

NRG Energy, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001013871-23-000020

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