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NRG Energy, Inc.(NRG - Free Report) delivered earnings of 34 per share in first-quarter 2019, which missed the Zacks Consensus Estimate of 39 cents by 12.8%. The figure declined 61.8% on a year-over-year basis.
Revenues
NRG Energy generated revenues of $2,165 million in the quarter, which beat the Zacks Consensus Estimate of $2,072 million by 4.5%. The top line increased 5% from the year-ago quarter’s figure.
Highlights of the Release
First-quarter Adjusted EBITDA was $333 million compared with $336 million in the year-ago quarter.
As part of the Transformation Plan, the company realized $131 million of its 2019 cost savings target.
During the quarter, NRG Energy completed $500 million of the $1-billion 2019 share repurchase program.
NRG Energy, Inc. Price, Consensus and EPS Surprise
As of Mar 31, 2019, the company had cash and cash equivalents of $859 million compared with $563 million as of Dec 31, 2018.
As of Mar 31, 2019, the company’s long-term debt and capital leases amounted to $6,366 million compared with $6,449 million as of Dec 31, 2018.
The company’s net cash used in operating activities in the first quarter was $127 million compared with $350 million cash provided by operating activities in the year-ago quarter.
Capital expenditure in the first quarter was $49 million compared with $155 million in the prior-year quarter.
Guidance
The company reaffirmed 2019 adjusted EBITDA guidance in the range of $1,850-$2,050 million and free cash flow before growth investments in the band of $1,250-$1,450 million.
DTE Energy Company (DTE - Free Report) delivered first-quarter 2019 operating earnings per share of $2.05, which beat the Zacks Consensus Estimate of $1.95 by 5.1%.
NextEra Energy, Inc (NEE - Free Report) generated first-quarter 2019 adjusted earnings of $2.20 per share, which beat the Zacks Consensus Estimate of $2.01 by 9.4%.
FirstEnergy Corporation (FE - Free Report) delivered first-quarter 2019 operating earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 66 cents by 1.52%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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NRG Energy's (NRG) Q1 Earnings Miss, Revenues Beat Estimates
NRG Energy, Inc.(NRG - Free Report) delivered earnings of 34 per share in first-quarter 2019, which missed the Zacks Consensus Estimate of 39 cents by 12.8%. The figure declined 61.8% on a year-over-year basis.
Revenues
NRG Energy generated revenues of $2,165 million in the quarter, which beat the Zacks Consensus Estimate of $2,072 million by 4.5%. The top line increased 5% from the year-ago quarter’s figure.
Highlights of the Release
First-quarter Adjusted EBITDA was $333 million compared with $336 million in the year-ago quarter.
As part of the Transformation Plan, the company realized $131 million of its 2019 cost savings target.
During the quarter, NRG Energy completed $500 million of the $1-billion 2019 share repurchase program.
NRG Energy, Inc. Price, Consensus and EPS Surprise
NRG Energy, Inc. Price, Consensus and EPS Surprise | NRG Energy, Inc. Quote
Financial Highlights
As of Mar 31, 2019, the company had cash and cash equivalents of $859 million compared with $563 million as of Dec 31, 2018.
As of Mar 31, 2019, the company’s long-term debt and capital leases amounted to $6,366 million compared with $6,449 million as of Dec 31, 2018.
The company’s net cash used in operating activities in the first quarter was $127 million compared with $350 million cash provided by operating activities in the year-ago quarter.
Capital expenditure in the first quarter was $49 million compared with $155 million in the prior-year quarter.
Guidance
The company reaffirmed 2019 adjusted EBITDA guidance in the range of $1,850-$2,050 million and free cash flow before growth investments in the band of $1,250-$1,450 million.
Zacks Rank
NRG Energy has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Utility Releases
DTE Energy Company (DTE - Free Report) delivered first-quarter 2019 operating earnings per share of $2.05, which beat the Zacks Consensus Estimate of $1.95 by 5.1%.
NextEra Energy, Inc (NEE - Free Report) generated first-quarter 2019 adjusted earnings of $2.20 per share, which beat the Zacks Consensus Estimate of $2.01 by 9.4%.
FirstEnergy Corporation (FE - Free Report) delivered first-quarter 2019 operating earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 66 cents by 1.52%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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