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Jun 30, 2024
NRG Energy Q2 2024 Earnings Report
Reported strong second quarter financial results with increased Net Income and Adjusted EBITDA.
Key Takeaways
NRG Energy, Inc. reported a strong second quarter in 2024, with a Net Income of $738 million and Adjusted EBITDA of $935 million. The company focused on safe and reliable operations, customer experiences, and disciplined execution of strategy and capital allocation plans. NRG reaffirmed its 2024 financial guidance.
Reported Net Income of $738 million and Adjusted EBITDA of $935 million.
Completed preventative maintenance program for ERCOT fleet.
Announced agreement to sell Airtron HVAC business.
Submitted applications to Texas Energy Fund for 1.5 GW of generation capacity.
NRG Energy
NRG Energy
Forward Guidance
NRG is reaffirming its Adjusted EBITDA and FCFbG guidance for 2024.
Positive Outlook
- Adjusted EBITDA guidance: $3,300 - $3,550 million
- Cash Provided by Operating Activities guidance: $1,825 - $2,075 million
- FCFbG guidance: $1,825 - $2,075 million