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NRG Energy's Q4 Earnings and Revenues Surpass Estimates
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NRG Energy, Inc. (NRG - Free Report) reported fourth-quarter 2024 earnings of $1.52 per share, which surpassed the Zacks Consensus Estimate of 95 cents by 60%. The bottom line also increased 33.3% from the year-ago quarter’s figure of $1.14.
Total revenues were $6.82 billion, which beat the Zacks Consensus Estimate of $6.06 billion by 12.6%. The top line also increased 0.1% from the prior-year quarter’s level of $6.81 billion.
Full-year 2024 revenues totaled $28.1 billion compared with $28.8 billion last year.
NRG Energy, Inc. Price, Consensus and EPS Surprise
The company recorded adjusted EBITDA of $902 million in the fourth quarter, up 4.8% from $861 million a year ago period.
Total operating costs and expenses in 2024 amounted to $25.9 billion, down 13.6% from $30 billion in the prior year.
Operating income for the year totaled $2.4 billion compared with $0.38 billion last year.
In 2024, the company returned $1.263 billion to shareholders through $925 million in share repurchases, exceeding its original share repurchase target by $100 million, and $338 million in common stock dividends.
NRG’s Financial Highlights
As of Dec. 31, 2024, NRG had cash and cash equivalents worth $966 million compared with $541 million as of Dec. 31, 2023.
As of Dec. 31, 2024, long-term debt and finance leases amounted to $9.81 billion compared with $10.13 billion as of Dec. 31, 2023.
Cash provided by operating activities in 2024 totaled $2.31 billion against $0.22 billion cash used last year.
Capital expenditures totaled $472 million in 2024 compared with $598 million last year.
NRG’s Guidance
NRG Energy expects 2025 adjusted net income and adjusted EPS to be in the range of $1.33-$1.53 billion and $6.75-$7.75, respectively.
Free Cash Flow before Growth is estimated to be in the range of $1.975-$2.225 billion.
The company anticipates adjusted EBITDA to be in the range of $3.725-$3.975 billion.
NRG’s Zacks Rank
The company has a Zacks Rank #4 (Sell) at present.
Eversource Energy (ES - Free Report) reported fourth-quarter 2024 adjusted earnings of $1.01 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 2%.
ES’ long-term (three to five years) earnings growth rate is 5.66%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.91 billion, implying a year-over-year increase of 8.5%.
DTE Energy Company (DTE - Free Report) reported fourth-quarter 2024 operating earnings per share of $1.51, which beat the Zacks Consensus Estimate of $1.46 by 3.4%.
DTE’s long-term earnings growth rate is 7.57%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.98 billion, implying a year-over-year increase of 4.2%.
Exelon Corporation’s (EXC - Free Report) fourth-quarter 2024 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 8.5%.
EXC’s long-term earnings growth rate is 5.71%. The Zacks Consensus Estimate for 2025 sales is pinned at $23.8 billion, implying a year-over-year increase of 3.4%.
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NRG Energy's Q4 Earnings and Revenues Surpass Estimates
NRG Energy, Inc. (NRG - Free Report) reported fourth-quarter 2024 earnings of $1.52 per share, which surpassed the Zacks Consensus Estimate of 95 cents by 60%. The bottom line also increased 33.3% from the year-ago quarter’s figure of $1.14.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Revenues of NRG Energy
Total revenues were $6.82 billion, which beat the Zacks Consensus Estimate of $6.06 billion by 12.6%. The top line also increased 0.1% from the prior-year quarter’s level of $6.81 billion.
Full-year 2024 revenues totaled $28.1 billion compared with $28.8 billion last year.
NRG Energy, Inc. Price, Consensus and EPS Surprise
NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote
Highlights of NRG’s Earnings Release
The company recorded adjusted EBITDA of $902 million in the fourth quarter, up 4.8% from $861 million a year ago period.
Total operating costs and expenses in 2024 amounted to $25.9 billion, down 13.6% from $30 billion in the prior year.
Operating income for the year totaled $2.4 billion compared with $0.38 billion last year.
In 2024, the company returned $1.263 billion to shareholders through $925 million in share repurchases, exceeding its original share repurchase target by $100 million, and $338 million in common stock dividends.
NRG’s Financial Highlights
As of Dec. 31, 2024, NRG had cash and cash equivalents worth $966 million compared with $541 million as of Dec. 31, 2023.
As of Dec. 31, 2024, long-term debt and finance leases amounted to $9.81 billion compared with $10.13 billion as of Dec. 31, 2023.
Cash provided by operating activities in 2024 totaled $2.31 billion against $0.22 billion cash used last year.
Capital expenditures totaled $472 million in 2024 compared with $598 million last year.
NRG’s Guidance
NRG Energy expects 2025 adjusted net income and adjusted EPS to be in the range of $1.33-$1.53 billion and $6.75-$7.75, respectively.
Free Cash Flow before Growth is estimated to be in the range of $1.975-$2.225 billion.
The company anticipates adjusted EBITDA to be in the range of $3.725-$3.975 billion.
NRG’s Zacks Rank
The company has a Zacks Rank #4 (Sell) at present.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
Eversource Energy (ES - Free Report) reported fourth-quarter 2024 adjusted earnings of $1.01 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 2%.
ES’ long-term (three to five years) earnings growth rate is 5.66%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.91 billion, implying a year-over-year increase of 8.5%.
DTE Energy Company (DTE - Free Report) reported fourth-quarter 2024 operating earnings per share of $1.51, which beat the Zacks Consensus Estimate of $1.46 by 3.4%.
DTE’s long-term earnings growth rate is 7.57%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.98 billion, implying a year-over-year increase of 4.2%.
Exelon Corporation’s (EXC - Free Report) fourth-quarter 2024 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 8.5%.
EXC’s long-term earnings growth rate is 5.71%. The Zacks Consensus Estimate for 2025 sales is pinned at $23.8 billion, implying a year-over-year increase of 3.4%.