NRG Energy, Inc. (NYSE: NRG) announced operating results for the third quarter of 2024. The integrated energy company also guided fiscal 2024 and 2025.
- September-quarter revenues decreased to $7.22 billion from $7.95 billion in the corresponding period of 2023
- Net loss available to the company’s stockholders was $784 million or $3.79 per share in Q3, compared to a profit of $326 million or $1.41 per share last year
- Q3 operating loss was $812 million, compared to an operating profit of $561 million in the third quarter of 2023
- The management raised its adjusted EBITDA guidance for fiscal 2024 to $3.525-$3.675 billion from the previous forecast of $3.30-$3.55 billion
- The guidance for Free Cash Flow Before Growth has been increased to the range of $1.975 billion to $2.125 billion
- For fiscal 2025, the company expects adjusted EBITDA to be between $3.725 billion and $3.975 billion
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