Integrated energy company NRG Energy, Inc. (NYSE: NRG) announced operating results for the second quarter of 2023. The company also reaffirmed its 2023 guidance.
- June-quarter revenues decreased to $6.35 billion from $7.28 billion in the corresponding period of 2022
- Net Income available to the company’s stockholders was $291 million or $1.25 per share in Q2, compared to $513 million or $2.16 per share last year
- Q2 operating income decreased sharply to $530 million from $754 million in the second quarter of last year
- The management has reaffirmed its adjusted EBITDA guidance for fiscal 2023 between $3.01 billion and $3.25 billion
- The guidance for cash provided by operating activities has been confirmed in the range of $1.61 billion to $1.85 billion
- The company expects full-year free cash flow before growth investments to be in the range of $1.62 billion to $1.86 billion, which is in line with the earlier forecast
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
