NRG Energy posts Q3 core profit beat, raises annual forecast [Yahoo! Finance Canada]
NRG Energy, Inc. (NRG)
Last nrg energy, inc. earnings: 11/7 07:06 am
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Source: Yahoo! Finance Canada
U.S. natural gas prices fell in the quarter compared to the previous year, making it cheaper to supply the fuel across NRG's service territory. The utility, however, reported a loss of $767 million in the third quarter, compared with a year-ago profit of $343 million due to setbacks on its economic hedges. NRG said declining ERCOT forward power prices in Texas led to a hit of $1.63 billion on net profit. Hedging can help companies reduce risk and protect energy traders from unexpected or adverse price fluctuations. The Houston, Texas-based utility said it now expects the 2024 adjusted profit forecast to be between $5.95 and $6.75 per share, from a prior outlook of $5.00-$6.30 per share. In 2025, the company expects annual adjusted profit of $6.75-$7.75 per share, the midpoint of which is higher than analysts' expectations of $6.80 per share, according to data compiled by LSEG. NRG Energy reported adjusted earnings before interest, taxes, depreciation and amortization of $1.
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NRG
News
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NRG
Earnings
- 11/8/24 - Beat
NRG
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- NRG's page on the SEC website