---
schema_version: "secwatch.filing_event.v1"
accession: "0001013871-24-000019"
form_type: "8-K"
ticker: "NRG"
cik: "0001013871"
company_name: "NRG ENERGY, INC."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:39:03.359756+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NRG Q3 adj EBITDA $1,055M, raises 2024 guidance, initiates 2025 outlook with 10%+ adj EPS growth

## Summary
- Q3 GAAP net loss $767M due to mark-to-market losses; adj EBITDA $1,055M (+7% YoY), adj EPS $1.90 (vs $1.57), FCFbG $815M (+$460M YoY).
- Raised 2024 adj EBITDA guidance to $3,655-$3,805M; adj EPS guidance to $5.95-$6.75; FCFbG guidance to $1,975-$2,125M.
- Initiated 2025 guidance targeting >10% adj EPS growth; 2025 share repurchases $1.355B; buyback authorization increased to $3.7B.
- Partnered with Renew Home and Google Cloud to develop 1 GW virtual power plant in Texas; selected for 415 MW T.H. Wharton peaking facility.
- Introduced Adjusted Net Income ($393M Q3) and Adjusted EPS; recast customer acquisition cost amortization into depreciation and amortization.

## SEC filing metadata
- accession: 0001013871-24-000019
- form_type: 8-K
- ticker: NRG
- cik: 0001013871
- company_name: NRG ENERGY, INC.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013871/000101387124000019/0001013871-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013871/000101387124000019/nrg-20241108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013871-24-000019
- JSON: https://secwatch.observer/filing/0001013871-24-000019.json
- Plain text: https://secwatch.observer/filing/0001013871-24-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.