NRG Q1 net income $511M, adjusted EBITDA $849M; reaffirms 2024 guidance

NRG ENERGY, INC.

2024-Q1 EPS reported $2.31 revenue$7,429,000,000

Q1 2024 GAAP net income $511M vs. loss of $1.335B a year ago; adjusted EBITDA $849M vs. $646M.
Reaffirmed FY 2024 adjusted EBITDA guidance $3.3B-$3.55B and FCFbG $1.825B-$2.075B.
Concluded $950M accelerated share repurchase at avg $50.43/share; plans $825M additional repurchases in 2024.
Annual dividend raised 8% to $1.63/common share from $1.51; Vivint Smart Home customers up 6% YoY.
Texas segment adjusted EBITDA $219M (-$35M YoY) due to mild winter; East +$37M, West +$51M.

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 March 31, 2024 results: net income $511 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Net income: $511 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NRG Energy, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

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