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Dec 31, 2020

NRG Energy Q4 2020 Earnings Report

NRG Energy reported full year results and maintained 2021 guidance.

Key Takeaways

NRG Energy reported full year 2020 income from continuing operations of $510 million. The company is focused on aiding Texas communities and performing a root-cause analysis of the February 2021 extreme weather event. NRG is maintaining its Adjusted EBITDA, Adjusted Cash from Operations and Free Cash Flow before Growth Investments (FCFbG) guidance for 2021.

Closed Direct Energy acquisition on January 5, 2021.

Closed on sale of Agua Caliente on February 3, 2021.

Announced sale of 4.8GW of fossil generation assets.

Maintaining 2021 guidance.

Total Revenue
$2.03B
Previous year: $2.21B
-8.4%
EPS
-$0.7
Previous year: $1.73
-140.5%
Adjusted EBITDA
$330M
Previous year: $384M
-14.1%
Gross Profit
$412M
Previous year: $541M
-23.8%
Cash and Equivalents
$3.91B
Previous year: $345M
+1031.9%
Free Cash Flow
$387M
Previous year: $575M
-32.7%
Total Assets
$14.9B
Previous year: $12.5B
+18.9%

NRG Energy

NRG Energy

Forward Guidance

NRG is maintaining its Adjusted EBITDA, Adjusted Cash from Operations and Free Cash Flow before Growth Investments (FCFbG) guidance for 2021.