NRG Energy, Inc. - NRG STOCK NEWS

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 The company has withdrawn its 2021 financial guidance, citing unpredictable regulatory changes and an estimated $750 million loss.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.

NRG Energy (NYSE: NRG) has committed $10 million to aid Texans impacted by Winter Storm Uri, consisting of $3 million in cash donations and $7 million for in-kind services and customer support. The relief will target immediate community needs, financial relief for customers, and assistance for affected employees. NRG's retail brands will pause disconnections and waive fees for impacted customers. In addition, the company has allocated funding for the NRG Employee Relief Fund to support employees facing financial hardships due to the storm. NRG emphasizes its commitment to community recovery.

NRG Energy (NYSE:NRG) announced a change in the reporting date for its Full Year and Fourth Quarter 2020 financial results. Originally scheduled for February 25, 2021, the results will now be reported on March 1, 2021, at 9:00 a.m. Eastern due to a scheduling conflict with NRG's President and CEO, who will be addressing the Texas Legislature. Investors can access the live webcast of the conference call and presentation materials on NRG’s website.

NRG Energy (NYSE: NRG) announces that Kirkland Andrews is resigning as Chief Financial Officer (CFO), effective February 4, 2021, though he will remain as an advisor until February 19, 2021. Gaetan Frotte, Senior Vice President and Treasurer, has been appointed as Interim CFO. NRG’s President, Mauricio Gutierrez, praised Andrews for his contributions to the company’s financial stability and strategic flexibility. NRG will seek a permanent CFO while Frotte continues as Treasurer until a replacement is found.

NRG Energy has been awarded the 2020-2021 Supplier of the Year by The Energy Professionals Association (TEPA) for its commitment to customer service and innovative offerings. The award reflects NRG's dedication to ethical practices, competitive pricing, and market knowledge, as assessed by TEPA's members, comprising energy brokers and consultants. Robert Gaudette, NRG's Senior VP, emphasized the importance of a customer-first model. This recognition is significant within the energy sector, highlighting NRG's role in enhancing customer experiences through quality solutions and strategic vision.

NRG Energy, Inc. (NYSE:NRG) will report its Full Year and Fourth Quarter 2020 financial results on February 25, 2021, at 9:00 a.m. Eastern. The results will be presented via a conference call and webcast, accessible through NRG’s website. The company focuses on generating electricity and providing energy solutions to millions of customers in the U.S. and Canada, advocating for competitive energy markets and a sustainable energy future.