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Dec 31, 2021

NRG Energy Q4 2021 Earnings Report

Reported full year results and maintained 2022 guidance.

Key Takeaways

NRG Energy, Inc. reported full year 2021 Net Income of $2.2 billion, or $8.93 per diluted common share. The company is reducing its expected Winter Storm Uri financial loss to $380 million. NRG is maintaining its Adjusted EBITDA, Adjusted Cash from Operations, and Free Cash Flow Before Growth Investments (FCFbG) guidance for 2022.

2021 financial results in line with guidance

Reduced Winter Storm Uri financial impact to $380 million

Closed 4.8 GW asset sale and corresponding $500 million debt reduction

Executing $1 billion 2022 share repurchase program

Total Revenue
$7.05B
Previous year: $2.03B
+247.6%
EPS
-$1.74
Previous year: -$0.7
+148.6%
Adjusted EBITDA
$433M
Previous year: $330M
+31.2%
Gross Profit
$60M
Previous year: $412M
-85.4%
Cash and Equivalents
$250M
Previous year: $3.91B
-93.6%
Free Cash Flow
$349M
Previous year: $387M
-9.8%
Total Assets
$23.2B
Previous year: $14.9B
+55.6%

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 2022.