earnings
confidence high
sentiment positive
materiality 0.90
NRG Energy reports FY2024 adjusted EPS of $6.83, announces 5.4 GW gas-fired development with GE Vernova and Kiewit
NRG ENERGY, INC.
2024-FY EPS reported
$4.99
revenue$28,130,000,000
- FY2024 GAAP Net Income $1.1B, Adjusted EPS $6.83 exceeded raised guidance, returned $1.3B to shareholders.
- Announced Project Development Agreement with GE Vernova and Kiewit for up to 5.4 GW new gas-fired generation online between 2029-2032.
- Signed Letters of Intent with two data center developers for NRG-owned sites; initial phase targets 400 MW.
- 1.1 GW of eligible Texas Energy Fund projects in active due diligence; turbine onsite at T.H. Wharton (415 MW of 1.5 GW Texas gas development).
- Reaffirmed 2025 guidance: Adjusted EPS $6.75-$7.75, FCFbG $1,975-$2,225 million.