NRG Energy, Inc. has just announced an increase in its 2024 guidance, reflecting its strong financial and operational performance throughout the year. The company's adjusted EBITDA guidance has been raised to a range of $3,525 million * $3,675 million, representing a midpoint increase of $175 million from the previous guidance. Additionally, the free cash flow before growth (FCFBG) guidance has been increased to $1,975 million * $2,125 million, reflecting a midpoint increase of $100 million.
The company's Chair, President, and CEO, Larry Coben, expressed confidence in the company's ability to drive growth and capitalize on emerging opportunities in its markets.
For a clearer picture of the changes, the original and revised 2024 guidance for adjusted EBITDA, cash provided by operating activities, and FCFBG are as follows:
- Adjusted EBITDA: Original guidance * $3,300 * $3,550 million, Revised guidance * $3,525 * $3,675 million
- Cash provided by operating activities: Original guidance * $1,825 * $2,075 million, Revised guidance * $1,975 * $2,125 million
- FCFBG: Original guidance * $1,825 * $2,075 million, Revised guidance * $1,975 * $2,125 million
NRG Energy, Inc. is set to report its third quarter 2024 financial results on Friday, November 8, 2024. During the conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST), the management will present quarterly results and initiate 2025 financial guidance.
Investors and stakeholders can access the live webcast and presentation materials on the company's website, with a replay available for those unable to listen in real-time.
NRG Energy, Inc. is a leading energy and home services company operating in the United States and Canada, advocating for competitive energy markets and customer choice. Today the company's shares have moved 1.5% to a price of $90.58. Check out the company's full 8-K submission here.
