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Dec 31, 2022

NRG Energy Q4 2022 Earnings Report

NRG Energy reported mixed Q4 2022 results, with a net loss but positive Adjusted EBITDA, while reaffirming 2023 guidance.

Key Takeaways

NRG Energy reported a net loss of $1.1 billion for Q4 2022, which was $668 million lower than the same quarter in the previous year. However, the company's Adjusted EBITDA for the quarter was $435 million, slightly higher than the $433 million reported in Q4 2021. The company reaffirmed its 2023 Adjusted EBITDA and FCFbG guidance and is moving forward with the Vivint acquisition.

NRG reported a Q4 2022 Net Loss of $1.1 billion, a $668 million decrease compared to Q4 2021.

The company's Adjusted EBITDA for Q4 2022 was $435 million, compared to $433 million in Q4 2021.

NRG reaffirmed its 2023 Adjusted EBITDA and FCFbG guidance.

The acquisition of Vivint is on track to close in the first quarter of 2023.

Total Revenue
$7.86B
Previous year: $7.05B
+11.5%
EPS
-$4.56
Previous year: -$1.74
+162.1%
Adjusted EBITDA
$435M
Previous year: $433M
+0.5%
Gross Profit
-$972M
Previous year: $60M
-1720.0%
Cash and Equivalents
$430M
Previous year: $250M
+72.0%
Free Cash Flow
$274M
Previous year: $349M
-21.5%
Total Assets
$29.1B
Previous year: $23.2B
+25.7%

NRG Energy

NRG Energy

Forward Guidance

NRG is reaffirming its standalone Adjusted EBITDA and FCFbG guidance for 2023.