Integrated energy company NRG Energy, Inc. (NYSE: NRG) announced operating results for the second quarter of 2024. The company also reaffirmed its 2024 guidance.
- June-quarter revenues increased to $6.66 billion from $6.35 billion in the corresponding period of 2023
- Net Income available to the company’s stockholders was $721 million or $3.37 per share in Q2, compared to $291 million or $1.25 per share last year
- Q2 operating income more than doubled to $1.41 billion from $530 million in the second quarter of last year
- The management reaffirmed its adjusted EBITDA guidance for fiscal 2024 between $3.30 billion and $3.55 billion
- The guidance for cash provided by operating activities has been confirmed in the range of $1.825 billion to $2.075 billion
- The company expects full-year free cash flow before growth investments to be in the range of $1.825 billion to $2.075 billion, which is in line with the earlier forecast
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