NRG posts full year 2023 Adj EBITDA of $3.28B, FCFbG of $1.93B; reaffirms 2024 guidance

NRG ENERGY, INC.

2023-FY EPS reported -$1.12 revenue$28,823,000,000

Full year 2023 Net Loss of $202M due to unrealized mark-to-market losses; Adj EBITDA $3.28B, up 76% YoY.
FCFbG of $1.93B exceeded revised guidance; Q4 Net Income $482M vs loss of $1.1B a year ago.
Returned $1.5B to shareholders; raised annual dividend 8% for fifth consecutive year.
Reduced debt by $1.52B using $1.4B cash; completed $300M Direct Energy synergy program.
Reaffirmed 2024 guidance for Adj EBITDA $3.3-3.55B and FCFbG $1.825-2.075B; $100M realized on growth program.

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 0.95

NRG ENERGY, INC. reported full year and quarter ended December 31, 2023 results: net income Net Income for the three months ended December 31, 2023 of $482 million and a full year Net Loss of $202 million. Guidance reaffirmed.

Period: full year and quarter ended December 31, 2023
Net income: Net Income for the three months ended December 31, 2023 of $482 million and a full year Net Loss of $202 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 28, 2024 , NRG Energy, Inc. issued a press release announcing its financial results for the full year and quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001013871-24-000003

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