Welcome to our dedicated page for NRG Energy news (Ticker: NRG), a resource for investors and traders seeking the latest updates and insights on NRG Energy stock.
NRG Energy, Inc. (NRG) is a leading integrated power company in the United States, recognized for its commitment to providing cleaner and smarter energy solutions. With a diverse portfolio of power generating facilities capable of producing more than 50,000 megawatts, NRG Energy supports nearly one-third of the U.S. population. This Fortune 200 company operates a variety of energy resources, including coal, gas, and oil power plants, with a significant presence in Texas where it manages 13 gigawatts of capacity.
NRG Energy's retail electricity providers serve nearly 6 million customers across all 50 states and the District of Columbia. The company's acquisition of Vivint Smart Home in 2023 expanded its customer base by an additional 2 million home services customers, emphasizing NRG's role as one of the largest retail energy providers in the U.S.
NRG has been at the forefront of the energy transition, being a pioneer in developing some of the largest solar power projects and the nation's first privately funded electric vehicle charging infrastructure. They provide customers with the latest smart energy solutions, helping them better manage and optimize their energy use.
Financially, NRG emerged from Chapter 11 bankruptcy in December 2003 and has since been operating as a stand-alone entity. The company's recent activities include the sale of the Hunterstown power generation facility to LS Power, as announced on January 16, 2024. This facility is a combined-cycle gas turbine plant located in Gettysburg, Pennsylvania, providing 810 MW to the PJM grid, enough to supply energy to over 600,000 homes.
NRG's commitment to innovation and sustainable energy solutions positions it as a significant player in the energy sector, continuously adapting to changing market dynamics and customer needs.
NRG Energy, Inc. (NYSE:NRG) is set to announce its Second Quarter 2021 financial results on August 5, 2021, at 9:00 a.m. Eastern during a conference call and webcast. Investors can access the live presentation via the company's website, where it will also be archived for later viewing. NRG operates in the US and Canada, providing electricity and energy solutions to millions of customers through various retail brands, focusing on customer-centric service and sustainable energy solutions.
NRG Energy, Inc. (NYSE:NRG) has declared a quarterly dividend of $0.325 per share, equating to $1.30 annually. This dividend is set for payment on August 16, 2021, to stockholders registered by August 2, 2021. NRG operates across the U.S. and Canada, providing electricity and energy solutions while emphasizing competitive energy markets and sustainability.
NRG Energy today announced an upcoming Investor Day, scheduled for June 17, 2021, at 09:00 AM Eastern Time. The event will be hosted virtually and feature a live webcast, along with presentation materials available on NRG’s website at www.nrg.com. For those unable to attend, the event will be archived on the site for later viewing.
NRG is a Fortune 500 company that focuses on customer-centered energy solutions, generating electricity and providing natural gas across the U.S. and Canada.
NRG Energy reported a net loss of $(82) million, or $(0.33) per diluted share, for Q1 2021, primarily impacted by Winter Storm Uri, which resulted in a $967 million loss. Adjusted EBITDA rose to $567 million, compared to $349 million in Q1 2020, bolstered by the acquisition of Direct Energy and reduced supply costs. The company’s liquidity stood at $3.2 billion as of March 31, 2021, down from $3.8 billion at the end of 2020. NRG reinstated its 2021 guidance for Adjusted EBITDA between $2,400 - $2,600 million. A dividend of $0.325 per share was declared, payable on May 17, 2021.
NRG Energy (NYSE:NRG) has appointed Alberto Fornaro as the new Executive Vice President and Chief Financial Officer, effective June 1, 2021. He succeeds Gaetan Frotte, who served as interim CFO since February 2021. Fornaro brings over 30 years of finance experience, including roles at Coupang and International Gaming Technology. NRG's President and CEO, Mauricio Gutierrez, expressed enthusiasm about Fornaro's leadership abilities, noting the strategic relevance of this transition for the company in fostering customer-centered energy solutions.
NRG Energy, Inc. (NYSE:NRG) is set to announce its First Quarter 2021 financial results on May 6, 2021. The company's management will present these results during a conference call and webcast scheduled for 9:00 a.m. Eastern. A live webcast, along with the presentation materials, will be available on NRG's website. NRG serves approximately 6 million customers through a variety of retail brands and aims to promote competitive energy markets while working toward a sustainable energy future.
NRG Energy, Inc. (NYSE:NRG) has declared a quarterly dividend of $0.325 per share, equivalent to an annualized amount of $1.30. The dividend is set to be paid on May 17, 2021, to stockholders on record by May 3, 2021. NRG is a leading energy provider, generating electricity and offering energy solutions across the U.S. and Canada. Focused on sustainability and innovative solutions, NRG aims to enhance customer experience while supporting competitive energy markets.
NRG Energy announced an interim financial update due to the significant impact of Winter Storm Uri on the ERCOT system. The company has withdrawn its 2021 financial guidance, citing unpredictable regulatory changes and an estimated $750 million loss. The winter storm caused a peak demand of 77 GWs in February 2021 and led NRG to implement demand response programs. As of March 15, 2021, NRG reported $3.3 billion in available liquidity. The full financial ramifications remain uncertain amid ongoing market volatility and regulatory developments.
NRG reported 2020 income from continuing operations at $510 million, or $2.07 per diluted share. Adjusted EBITDA reached $2.0 billion, with cash from operations at $1.8 billion. A key event was the completion of the Direct Energy acquisition and the planned sale of 4.8 GW of fossil generating assets for $760 million. NRG's liquidity totaled $3.8 billion as of February 26, 2021, an increase from 2019. The company anticipates its 2021 Adjusted EBITDA to be in the range of $2,400-$2,600 million while increasing its quarterly dividend by 8% to $0.325 per share.
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