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Nrg Energy (NRG)
NYSE:NRG
Holding NRG?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.96Last Year’s EPS
2.24Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 9.96%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with increased financial guidance, strategic partnerships, and strong quarterly performance. However, there are concerns about market dynamics in Texas and potential tax impacts in the future. Overall, the positive elements outweigh the negatives.Company Guidance
In the NRG Energy's Q3 2024 earnings call, the company announced an increase in their 2024 financial guidance by $175 million, reaffirming this outlook and introducing strong guidance for 2025. The updated 2025 guidance includes an adjusted EPS of $7.25, adjusted EBITDA of $3.85 billion, and free cash flow before growth of $2.1 billion, reflecting a 14% increase in adjusted EPS from the raised 2024 guidance and a 28% increase from the initial 2024 guidance. The company also plans to achieve $550 million in run rate synergies and deliver 15% free cash flow growth per share. Additionally, NRG is increasing its share repurchase authorization by $1 billion and has set a multiyear growth outlook targeting at least a 10% CAGR through 2029. Furthermore, NRG announced a strategic partnership with Renew Home and Google to develop a 1-gigawatt Virtual Power Plant (VPP) in Texas, aiming for 650 megawatts of dispatchable capacity by 2030 and a gigawatt by 2035, with the expectation to generate significant recurring margin.Increased Financial Guidance
NRG raised its 2024 financial guidance by $175 million, marking the second consecutive year of surpassing original earnings target. The company also initiated strong guidance for 2025 with expectations of an adjusted EPS of $7.25, adjusted EBITDA of $3.85 billion, and free cash flow before growth of $2.1 billion, reflecting a 14% increase in adjusted EPS from 2024.
Strategic Partnership for Virtual Power Plant (VPP)
NRG announced a partnership with Renew Home and Google to accelerate Virtual Power Plant efforts, creating a 1-gigawatt residential VPP in Texas. This initiative is expected to reach 650 megawatts by 2030 and a gigawatt by 2035, with a projected annual incremental margin exceeding $160 million.
Share Repurchase Authorization Increase
NRG increased its share repurchase authorization by an additional $1 billion, underscoring its commitment to returning capital to shareholders.
Strong Quarterly Performance
NRG delivered a third-quarter adjusted EBITDA of $1.055 billion, a $68 million increase over Q3 of the prior year. The Smart Home segment saw an $18 million increase, reflecting mid-single-digit growth in subscriber count.
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NRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $96.40 | $96.14 | -0.27% |
| Aug 08, 2024 | $71.74 | $77.62 | +8.20% |
| May 07, 2024 | $77.12 | $72.67 | -5.77% |
| Feb 28, 2024 | $53.21 | $53.86 | +1.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nrg Energy (NRG) report earnings?
Nrg Energy (NRG) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Nrg Energy (NRG) earnings time?
Nrg Energy (NRG) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRG EPS forecast?
NRG EPS forecast for the fiscal quarter 2024 (Q4) is 0.96.
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