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Mar 31, 2022

NRG Energy Q1 2022 Earnings Report

Reported strong first quarter results with net income of $1.7 billion and Adjusted EBITDA of $509 million.

Key Takeaways

NRG Energy reported a strong first quarter in 2022, with a Net Income of $1,736 million and Adjusted EBITDA of $509 million. The company is maintaining its 2022 Adjusted EBITDA and FCFbG guidance and is executing a $1 billion share repurchase program.

Reported $1.7 billion of net income

Delivered $509 million of Adjusted EBITDA; in line with prior year adjusted for divestitures

Executing $1 billion share repurchase program; $301 million completed through April 30, 2022

Maintaining 2022 Adjusted EBITDA and FCFbG guidance

Total Revenue
$7.9B
Previous year: $8.09B
-2.4%
EPS
$7.17
Previous year: -$0.23
-3217.4%
Adjusted EBITDA
$509M
Previous year: $567M
-10.2%
Gross Profit
$2.97B
Previous year: $1.23B
+141.7%
Cash and Equivalents
$387M
Previous year: $501M
-22.8%
Free Cash Flow
$239M
Previous year: $1.44B
-83.4%
Total Assets
$29.5B
Previous year: $19.2B
+53.2%

NRG Energy

NRG Energy

Forward Guidance

NRG is maintaining its Adjusted EBITDA, Adjusted Cash from Operations, and FCFbG guidance for 2022.