secwatch.observer — SEC 8-K summary
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Issuer:     NRG ENERGY, INC. (NRG)
CIK:        0001013871
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001013871-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013871/000101387124000003/0001013871-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013871/000101387124000003/nrg-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001013871-24-000003

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