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NRG Energy Inc (NRG.N)

NRG.N on New York Stock Exchange

41.67USD
11 Dec 2018
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Latest Key Developments (Source: Significant Developments)

NRG Energy Reports Third Quarter 2018 Results
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - NRG Energy Inc ::NRG ENERGY, INC. REPORTS THIRD QUARTER 2018 RESULTS AND INITIATES 2019 GUIDANCE.C. JOHN WILDER ANNOUNCES RETIREMENT FROM BOARD OF DIRECTORS.ANNOUNCING AN ADDITIONAL $500 MILLION SHARE REPURCHASE AUTHORIZATION.NARROWED RANGE OF ITS ADJUSTED EBITDA AND FCF BEFORE GROWTH INVESTMENTS GUIDANCE FOR 2018.QTRLY TOTAL OPERATING REVENUES $3,061 MILLION VERSUS $2,740 MILLION.QTRLY DILUTED LOSS PER WEIGHTED AVERAGE COMMON SHARE $0.24.QTRLY ON TRACK TO REALIZE $500 MILLION IN SAVINGS IN 2018..Q3 EARNINGS PER SHARE VIEW $1.31 -- THOMSON REUTERS I/B/E/S.$1 BILLION SALE OF SOUTH CENTRAL IS TARGETED TO CLOSE BY YEAR END 2018 AND BALANCE, CARLSBAD AND AGUA CALIENTE, IN 2019.C. JOHN WILDER INFORMED BOARD OF DIRECTORS THAT HE WILL RETIRE FROM BOARD, EFFECTIVE NOVEMBER 8, 2018.IN CONNECTION WITH WILDER'S RESIGNATION, SIZE OF BOARD WILL BE REDUCED FROM ELEVEN TO TEN MEMBERS.SEES 2018 ADJUSTED EBITDA $1,700-$1,800 MILLION, $1,850-$2,050 MILLION IN 2019.SEES 2018 FREE CASH FLOW BEFORE GROWTH INVESTMENTS $1,050 MILLION - $1,150 MILLION.SEES 2019 FREE CASH FLOW BEFORE GROWTH INVESTMENTS $1,250 MILLION - $1,450 MILLION.  Full Article

NRG Energy Qtrly Diluted Earnings Per Weighted Average Common Share $0.23
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - NRG Energy Inc ::UP TO $3 BILLION IN ASSET SALES ON TRACK TO CLOSE IN 2018.NRG ENERGY - TRANSFORMATION PLAN ON TRACK WITH $225 MILLION IN COST SAVINGS REALIZED THROUGH Q2 OF 2018, AND UP TO $3 BILLION IN ASSET SALES ON TRACK TO CLOSE IN 2018.MAINTAINING ITS GUIDANCE FOR 2018 WITH RESPECT TO CONSOLIDATED ADJUSTED EBITDA, CASH FROM OPERATIONS.QTRLY DILUTED EARNINGS PER WEIGHTED AVERAGE COMMON SHARE EARNINGS PER SHARE $0.23.QTRLY TOTAL OPERATING REVENUES $2,922 MILLION VERSUS $2,701 MILLION.FOR FY18 SEES ADJUSTED EBITDA IN RANGE OF $2,800 MILLION - $3,000 MILLION.IN JULY , NRG CONSUMMATED A SETTLEMENT WITH GENON.PAID GENON ABOUT $125 MILLION IN JULY AFTER SETTLEMENT.Q2 REVENUE VIEW $2.89 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

U.S. FERC brief
Wednesday, 30 May 2018 

May 30 (Reuters) - * U.S. energy regulators said federal rules do not preempt Illinois' program to provide money to nuclear reactors that provide carbon-free energy to help prevent the units from shutting early, according to a filing with a federal appeals court.:* The U.S. Department of Justice and Federal Energy Regulatory Commission (FERC) made their comments in a brief on Tuesday in an appeal of a case brought by power generators opposed to Illinois' Zero Emission Credit (ZEC) program..* Several nuclear reactors in the United States are in danger of shutting for economic reasons because cheap and abundant natural gas from shale formations and subsidies paid to renewable energy projects have reduced power prices to their lowest levels on record in several parts of the country..* Illinois adopted the ZEC program in 2016 to keep some nuclear power plants in service to help meet the state's greenhouse gas reduction goals after Illinois power company Exelon Corp said it would shut its Clinton and Quad Cities nuclear plants because they were losing money..* In most states, the bulk of carbon-free energy comes from nuclear power plants..* Power generators, like NRG Energy Inc and Vistra Energy Inc , challenged the Illinois law in federal court, arguing it favors nuclear power over other energy resources, like gas, and boosts consumers' costs, among other things..* That legal challenge continues in the U.S. Court of Appeals for the Seventh Circuit..  Full Article

NRG Energy Prices Offering Of $500 Million Convertible Senior Notes
Tuesday, 22 May 2018 

May 21 (Reuters) - NRG Energy Inc ::NRG ENERGY, INC. PRICES OFFERING OF $500 MILLION CONVERTIBLE SENIOR NOTES.HAS PRICED ITS OFFERING OF $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS 2.75% CONVERTIBLE SENIOR NOTES DUE 2048.  Full Article

NRG Energy Announces Proposed Offering Of $500 Mln Convertible Senior Notes
Monday, 21 May 2018 

May 21 (Reuters) - NRG Energy Inc ::NRG ENERGY, INC. ANNOUNCES PROPOSED OFFERING OF $500 MILLION CONVERTIBLE SENIOR NOTES.NRG ENERGY - INTENDS TO COMMENCE OFFERING OF $500 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2048.NRG ENERGY INC - NOTES OFFERING IS EXPECTED TO BE LEVERAGE NEUTRAL.NRG ENERGY INC - INTENDS TO USE CASH ON HAND TO REPURCHASE SHARES TO COMPLETE NRG'S $500 MILLION SHARE REPURCHASE PROGRAM.NRG ENERGY INC - INTENDS TO ENTER INTO ACCELERATED SHARE REPURCHASE TRANSACTIONS WITH ONE OR MORE FINANCIAL INSTITUTIONS.  Full Article

Nrg Energy Announces Redemption Of Its Outstanding 6.625 pct Senior Notes Due 2023
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Nrg Energy Inc ::NRG ENERGY, INC. ANNOUNCES REDEMPTION OF ITS OUTSTANDING 6.625% SENIOR NOTES DUE 2023.NRG ENERGY INC - TO REDEEM FOR CASH ALL OF ITS OUTSTANDING 6.625% SENIOR NOTES DUE 2023 ON DEC 29, 2017.NRG ENERGY INC - REDEMPTION PRICE WILL BE AN AMOUNT EQUAL TO 103.313% OF PRINCIPAL AMOUNT OF 2023 NOTES TO BE REDEEMED, PLUS INTEREST.NRG ENERGY INC - PREVIOUS TENDER OFFER TO PURCHASE 2023 NOTES EXPIRES AT 11:59 P.M., NEW YORK CITY TIME, ON DEC 28, 2017.NRG ENERGY INC - GAVE REQUIRED NOTICE UNDER RESPECTIVE GOVERNING INDENTURES TO REDEEM 2023 NOTES.  Full Article

NRG Energy Inc prices senior notes offering
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - NRG Energy Inc ::NRG ENERGY, INC. PRICES SENIOR NOTES OFFERING.SAYS ‍HAS PRICED ITS OFFERING OF $870 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.75% SENIOR NOTES DUE 2028​.SAYS NEW NOTES MATURE ON JANUARY 15, 2028.  Full Article

Nrg Energy, Inc. Announces Proposed Offering Of Senior Notes
Thursday, 30 Nov 2017 

Nrg Energy Inc ::NRG ENERGY, INC. ANNOUNCES PROPOSED OFFERING OF SENIOR NOTES.NRG ENERGY INC - INTENDS TO COMMENCE AN OFFERING OF $870 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2028.  Full Article

NRG Energy Inc Announces Cash Tender Offer For Its Outstanding 6.625% Senior Notes Due 2023
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - NRG Energy Inc ::NRG ENERGY, INC. ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 6.625% SENIOR NOTES DUE 2023.NRG ENERGY INC - TENDER OFFER WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON DECEMBER 28, 2017.NRG ENERGY - ‍COMMENCED TENDER OFFER TO PURCHASE ABOUT $869.2 MILLION OUTSTANDING 6.625% SENIOR NOTES DUE 2023​.  Full Article

NRG Energy announces proposed offering of senior notes
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Nrg Energy Inc :Announces proposed offering of senior notes.‍Intends to commence an offering of $870 million in aggregate principal amount of senior notes due 2028​.‍To use proceeds from offering to repurchase any or all of about $869.2 million outstanding of 6.625 pct senior notes due 2023​.  Full Article

Former energy exec David Crane is on a mission to save the planet

NEW YORK, Nov 20 What if one of the largest U.S. coal-burning utilities became a leader in green energy? When David W. Crane was chief executive of NRG Energy, he pursued that vision, pushing the company to transform itself by investing in solar power and electric vehicle charging networks.