Nrg Energy Inc. Stock Price, News & Analysis

NRG Energy, Inc. (NYSE:NRG) has declared a quarterly dividend of $0.35 per share, equating to an annualized dividend of $1.40. This dividend is set to be paid on November 15, 2022, to stockholders on record as of November 1, 2022. The announcement reflects NRG's commitment to returning value to its shareholders amidst ongoing efforts to deliver reliable and sustainable energy solutions across the US and Canada.

NRG Energy, Inc. has published the 2022 State of Decarbonization Study in collaboration with Smart Energy Decisions. Key findings reveal that 65% of organizations prioritize reputational risk and nearly 60% focus on cost reduction when pursuing decarbonization. Additionally, 85% of respondents have set emissions reduction goals, with nearly half committing to net-zero. The study reflects the growing commitment of companies to address environmental challenges and highlights the importance of experienced energy partners in achieving these targets.

NRG Energy reported Q2 2022 net income of $513 million, down from $1,078 million in Q2 2021, impacted by lower mark-to-market gains. Adjusted EBITDA also decreased to $358 million versus $656 million a year ago. The company maintained its 2022 guidance for adjusted EBITDA between $1.95 billion and $2.25 billion. Notably, NRG received $689 million from ERCOT related to Winter Storm Uri. A $1 billion share repurchase program is ongoing, with $595 million remaining, and a quarterly dividend of $0.35 per share has been declared for payment on August 15, 2022.

NRG Energy, Inc. (NYSE:NRG) has declared a quarterly dividend of $0.35 per share, translating to an annualized rate of $1.40. This dividend will be payable on August 15, 2022, to stockholders of record as of August 1, 2022. NRG focuses on providing energy solutions while advocating for competitive energy markets, aiming for a sustainable energy future.

NRG Energy, Inc. (NYSE:NRG) is set to announce its second quarter 2022 financial results on August 4, 2022, at 9:00 a.m. ET. Investors can participate in a conference call and webcast accessible on NRG’s website. This event highlights NRG's commitment to transparency with its stakeholders as it continues to provide innovative energy solutions across the U.S. and Canada, focusing on customer-centric strategies and advocating for competitive energy markets.

Palm Energy, LLC has acquired a Behind the Meter (BTM) portfolio from NRG Energy (NYSE: NRG), encompassing approximately 15 MW in commercial and industrial customers across PJM and New England. This strategic acquisition will enhance Palm's managed MWs in these regions and enable the company to optimize microgrids for cost efficiency and reliability. The acquisition supports Palm's growth and reinforces its capability to provide essential energy management solutions using its Virtual Utility®IQ platform.

NRG Energy reported a first quarter 2022 net income of $1.736 billion, or $7.17 per diluted share, a significant improvement from $(82) million in Q1 2021. Adjusted EBITDA was $509 million, slightly down from $567 million year-over-year. Free Cash Flow before Growth stood at $239 million. The company is executing a $1 billion share repurchase program, with $301 million completed as of April 30, 2022. NRG maintains its 2022 Adjusted EBITDA and FCFbG guidance and expects $689 million from ERCOT related to Winter Storm Uri.

NRG Energy, Inc. (NYSE: NRG) is set to release its First Quarter 2022 financial results on May 6, 2022, at 9:00 a.m. EST. Management will conduct a conference call and webcast to present the results. Interested parties can access the live webcast through NRG's website. NRG is a Fortune 500 company, providing energy solutions and natural gas to millions in the U.S. and Canada, focusing on customer-centric services and sustainable energy solutions.