Articles from NRG Energy, Inc.

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.44 per share, or $1.76 per share on an annualized basis. This dividend represents an 8% increase from the prior year, in line with the Company’s previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 18, 2025, to stockholders of record as of February 3, 2025.

NRG today celebrated surpassing $6 million in contributions to Ann & Robert H. Lurie Children’s Hospital of Chicago from its charitable program, Choose to Give. The milestone was celebrated at an event held at the hospital with a dedication ceremony for the hospital’s emergency department waiting area.

NRG Energy, Inc. (NYSENRG) celebrated some of its top energy customers today for their remarkable efforts in community, sustainability, and energy efficiency during the fifth annual Excellence in Energy Awards.

NRG Energy, Inc. (NYSENRG) today reports strong third quarter 2024 financial results and reaffirms its raised guidance ranges.

NRG Energy, Inc. (NYSENRG) announced today the pricing terms of the previously announced offer to purchase for cash (the “Tender Offer”) for any and all of the outstanding 6.75% senior secured notes due 2027 (the “Notes”) issued by APX Group, Inc. (“APX”), a wholly-owned subsidiary of NRG. The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the offer to purchase and consent solicitation statement, dated October 15, 2024 (the “Offer to Purchase and Consent Solicitation Statement”).

NRG Energy, Inc. (NYSENRG) announced today the early results of its previously announced offer to exchange (the “Exchange Offer”) any and all outstanding 5.75% Senior Notes due 2029 (the “Existing APX Unsecured Notes”) issued by APX Group, Inc. (“APX”) for new notes to be issued by NRG (the “New NRG Exchange Notes”) and cash.

NRG Energy, Inc. (NYSENRG) announced today the early results of the previously announced offer to purchase for cash (the “Tender Offer”) for any and all of the outstanding 6.75% senior secured notes due 2027 (the “Notes”) issued by APX Group, Inc. (“APX”), a wholly-owned subsidiary of NRG.

NRG Energy, Inc. (NYSENRG) has priced its offering of $1,875 million in aggregate principal amount of senior unsecured notes, consisting of (i) $925 million aggregate principal amount of 6.00% senior notes due 2033 (the “2033 Notes”) and (ii) $950 million aggregate principal amount of 6.25% senior notes due 2034 (the “2034 Notes” and, together with the 2033 Notes, the “Notes”). The aggregate principal amount of the offering was increased from the previously announced offering size of $1,500 million.

NRG Energy, Inc. (NYSENRG) announced the commencement of an offering of $1,500 million in aggregate principal amount of senior unsecured notes in two tranches, consisting of (i) senior notes due 2033 (the “2033 Notes”) and (ii) senior notes due 2034 (the “2034 Notes” and, together with the 2033 Notes, the “Notes”). The Notes will be guaranteed by each of NRG’s current and future subsidiaries that guarantee indebtedness under NRG’s credit agreement.

NRG Energy, Inc. (NYSENRG) announced today the commencement of an offer to exchange (the “Exchange Offer”) any and all outstanding 5.75% Senior Notes due 2029 (the “Existing APX Unsecured Notes”) issued by APX Group, Inc. (“APX”) for new notes to be issued by NRG (the “New NRG Exchange Notes”) and cash, as set forth in the table below.

NRG Energy, Inc. (NYSENRG) announced today that its wholly-owned subsidiary, APX Group, Inc. (“APX”), has commenced an offer to purchase for cash (the “Tender Offer”) any and all of APX’s outstanding 6.75% senior secured notes due 2027 (the “Notes”), of which $600 million aggregate principal amount is currently outstanding.

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on November 15, 2024, to stockholders of record as of November 1, 2024.

NRG Energy, Inc. (NYSENRG) today increases its 2024 guidance as follows:

NRG Energy, Inc.’s (NYSENRG) 17th annual positiveNRG Impact Week united thousands of employees in 30 cities and provinces across the United States and Canada to provide one million meals for local nonprofits. From September 16-20, the NRG family worked to combat food insecurity in their communities, packing, sorting, and preparing an estimated 1.2 million pounds of food for individuals and families in need.

NRG Energy, Inc. (NYSENRG) today reported second quarter 2024 Net Income of $738 million. Adjusted EBITDA for the second quarter was $935 million, Cash Provided by Operating Activities was $1,056 million, and Free Cash Flow Before Growth Investments (FCFbG) was $663 million.

NRG Energy, Inc. (NYSENRG) (“NRG” or the “Company”) today announced the appointment of Lawrence Coben, Ph.D., as President and Chief Executive Officer. Dr. Coben has been serving as Interim Chief Executive Officer since November 20, 2023. He was appointed Chair of the NRG Board of Directors in 2017 and will continue as Chair of the Board as part of his new role.

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on August 15, 2024, to stockholders of record as of August 1, 2024.

NRG Energy, Inc. (NYSENRG) plans to report its Second Quarter 2024 financial results on Thursday, August 8, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) today reported first quarter 2024 Net Income of $511 million. Adjusted EBITDA for the first quarter was $849 million, Cash Provided by Operating Activities was $267 million, and Free Cash Flow Before Growth Investments (FCFbG) was $(40) million. Cash Provided by Operating Activities and FCFbG for the first quarter were primarily impacted by annual incentive payments, in addition to payment of Vivint Smart Home interest and seasonal inventory buildup in anticipation of the summer selling season.

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on May 15, 2024, to stockholders of record as of May 1, 2024.

NRG Energy, Inc. (NYSENRG) plans to report its First Quarter 2024 financial results on Tuesday, May 7, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) announced today that it has entered into separate, privately negotiated transactions with certain holders of its existing 2.75% convertible senior notes due 2048 (the “Convertible Notes”) to repurchase approximately $251 million aggregate principal amount of the Convertible Notes. The Convertible Notes repurchases are expected to close over a period ending on or about April 18, 2024, subject to customary closing conditions. Following the closing of the repurchases, and after giving effect to approximately $92 million aggregate principal amount of Convertible Notes that the Company had previously repurchased, approximately $232 million aggregate principal amount of Convertible Notes will remain outstanding.

NRG Energy, Inc. (NYSENRG) today reported Net Income for the three months ended December 31, 2023 of $482 million and a full year Net Loss of $202 million. The Net Loss was driven by unrealized non-cash mark-to-market losses on economic hedges due to large movements in natural gas and power prices. Adjusted EBITDA for full year 2023 was $3.3 billion, Net Cash Used by Operating Activities was $221 million, and Free Cash Flow Before Growth (FCFbG) was $1.9 billion.

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. This dividend represents an 8% increase from the prior year, in line with the Company’s previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 15, 2024, to stockholders of record as of February 1, 2024.

NRG Energy, Inc. (NYSENRG) plans to report its full year and fourth quarter 2023 financial results on Wednesday, February 28, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) announced today the early results of its previously announced offers to purchase for cash (collectively, the “Tender Offer”) up to $620 million aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 3.875% senior notes due 2032 (the “2032 Notes”), 3.625% senior notes due 2031 (the “2031 Notes”), and 3.375% senior notes due 2029 (the “2029 Notes” and, collectively with the 2032 Notes and the 2031 Notes, the “Notes”). The Maximum Tender Amount is subject to order of priority (the “Acceptance Priority Level”) and proration arrangements as set forth in the Offer to Purchase, dated November 6, 2023 (as amended by the press release dated November 20, 2023, the “Offer to Purchase”).

NRG Energy, Inc. (NYSENRG) announced today that it has extended the early tender date relating to its previously announced offers to purchase for cash (collectively, the “Tender Offer”) up to $600 million aggregate principal amount (subject to increase by NRG in its sole discretion, the “Maximum Tender Amount”) of its outstanding 3.875% senior notes due 2032 (the “2032 Notes”), 3.625% senior notes due 2031 (the “2031 Notes”), and 3.375% senior notes due 2029 (the “2029 Notes” and, collectively with the 2032 Notes and the 2031 Notes, the “Notes”). The Tender Offer is being made pursuant to the Offer to Purchase, dated November 6, 2023 (the “Offer to Purchase”).

NRG Energy, Inc. (NYSENRG) (“NRG” or the “Company”) today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG’s President and Chief Executive Officer, has departed the Company and resigned from the Board. The NRG Board has initiated a search to identify a permanent CEO and retained a leading search firm to assist with this process. NRG director Anne Schaumburg has also been appointed Lead Independent Director.

NRG Energy, Inc. (NYSENRG) honored some of its top energy customers today for their leadership in community, sustainability, and energy efficiency during the fourth annual Excellence in Energy Awards.

NRG Energy, Inc. (NYSENRG) announced today the commencement of offers to purchase for cash (collectively, the “Tender Offer”) up to $600 million aggregate principal amount (subject to increase by NRG in its sole discretion, the “Maximum Tender Amount”) of its outstanding 3.875% senior notes due 2032 (the “2032 Notes”), 3.625% senior notes due 2031 (the “2031 Notes”) and 3.375% senior notes due 2029 (the “2029 Notes” and, collectively with the 2032 Notes and the 2031 Notes, the “Notes”). The Tender Offer is being made pursuant to the Offer to Purchase dated November 6, 2023 (the “Offer to Purchase”).

NRG Energy, Inc. (NYSENRG) announced today that it has entered into accelerated share repurchase (“ASR”) agreements with multiple dealers to repurchase $950 million of NRG’s common stock.

NRG Energy, Inc. (NYSENRG) today reported third quarter 2023 Net Income of $343 million. Adjusted EBITDA for the third quarter was $973 million, Cash Provided by Operating Activities was $566 million, and Free Cash Flow Before Growth Investments (FCFbG) was $355 million.

NRG Energy, Inc. (NYSENRG) announced today its subsidiaries Texas Genco LP LLC and Texas Genco GP LLC have completed the sale of NRG South Texas LP, which owns a 44% interest in the South Texas Project Electric Generating Station (STP), to Constellation for $1.75 billion.

NRG Energy, Inc. (NYSENRG) plans to report its Third Quarter 2023 financial results on Thursday, November 2, 2023. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.3775 per share, or $1.51 per share on an annualized basis. The dividend is payable on November 15, 2023, to stockholders of record as of November 1, 2023.

NRG Energy, Inc. (NYSENRG) announced that Alexander Funding Trust II, a newly-formed Delaware statutory trust (the “Trust”), has priced its private offering of pre-capitalized trust securities redeemable July 31, 2028 (the “P-Caps”) to certain qualified institutional buyers for an initial purchase price of $500.0 million. The P-Caps will have a Distribution Rate of 7.467% per annum, which equals a spread of 3.100% to the five-year US treasury yield at the time of pricing of 4.367%. The P-Caps are intended to replace NRG’s existing pre-capitalized trust securities redeemable 2023 issued by Alexander Funding Trust, which mature on November 15, 2023.

NRG Energy, Inc. (NYSENRG) announced a proposed offering of pre-capitalized trust securities redeemable 2028 (the “P-Caps”) by Alexander Funding Trust II, a newly-formed Delaware statutory trust (the “Trust”). The P-Caps are intended to replace NRG’s existing pre-capitalized trust securities redeemable 2023 issued by Alexander Funding Trust, which mature on November 15, 2023.

NRG Energy, Inc. (NYSENRG) today reported second quarter 2023 results.

NRG Energy, Inc. (NYSENRG) plans to report its Second Quarter 2023 financial results on Tuesday, August 8, 2023. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.3775 per share, or $1.51 per share on an annualized basis. The dividend is payable on August 15, 2023, to stockholders of record as of August 1, 2023.

NRG Energy, Inc. (NYSENRG) today announced that it has entered into a definitive agreement to sell its 44% equity interest in South Texas Project Electric Generating Station (STP) to Constellation Energy for a purchase price of $1.75 billion, subject to customary purchase price adjustments. The purchase price represents an implied valuation multiple of 11.7x EV/EBITDA and 17.5x Free Cash Flow.

NRG Energy, Inc. today received a letter and presentation from Elliott Associates, L.P. and Elliott International, L.P. and its affiliates (collectively, “Elliott”) that they have acquired more than thirteen percent (13%) economic interest in the Company. NRG is committed to creating shareholder value and appreciates Elliott’s interest. The Company welcomes all shareholders’ input and looks forward to an open dialogue with Elliott.

NRG Energy, Inc. (NYSENRG) today reported a first quarter 2023 Net Loss of $1.3 billion, or $(5.82) per common share. Adjusted EBITDA for the first quarter was $646 million, Net Cash Used by Operating Activities was $1.6 billion, and Free Cash Flow Before Growth (FCFbG) was $203 million.

NRG Energy, Inc. (NYSENRG) plans to report its First Quarter 2023 financial results on Thursday, May 4, 2023. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.3775 per share, or $1.51 per share on an annualized basis. The dividend is payable on May 15, 2023, to stockholders of record as of May 1, 2023.

NRG Energy, Inc. (NYSENRG) completed its acquisition of Vivint Smart Home, Inc., effective today, accelerating the realization of NRG’s consumer-focused growth strategy and offering consumers simple, connected experiences to power, protect, and manage their homes intelligently. The acquisition improves and diversifies NRG’s financial profile while also expanding the total market opportunity available to NRG.

NRG Energy, Inc. (NYSENRG) has priced its offerings of (i) $740.0 million aggregate principal amount of 7.000% Senior Secured First Lien Notes due 2033 at a price to the public of 98.749% of their face value (the “Notes”) and (ii) 650,000 shares of 10.25% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, with a $1,000 liquidation preference per share (the “Preferred Shares”).

NRG Energy, Inc. (NYSENRG) announced the commencement of an offering of (i) $740.0 million aggregate principal amount of senior secured first lien notes due 2033 (the “Notes”) and (ii) 650,000 shares of Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (the “Preferred Shares”). The Notes will be senior secured first lien obligations of NRG and will be guaranteed by each of NRG’s current and future subsidiaries that guarantee indebtedness under NRG’s credit agreement. The Preferred Shares will have a $1,000 liquidation preference per share and will not be guaranteed by NRG’s current and future subsidiaries.

NRG Energy, Inc. (NYSENRG) today reported full year 2022 Net Income of $1.2 billion, or $5.17 per diluted common share. Adjusted EBITDA for the full year 2022 was $1.8 billion, Net Cash Provided by Operating Activities was $0.4 billion, and Free Cash Flow Before Growth (FCFbG) was $0.6 billion.

NRG Energy, Inc. (NYSENRG) plans to report its Full Year and Fourth Quarter 2022 financial results on Thursday, February 16, 2023. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.3775 per share, or $1.51 per share on an annualized basis. This dividend represents an 8% increase from the prior year, in line with the Company’s previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 15, 2023, to stockholders of record as of February 1, 2023.

NRG Energy, Inc. (NYSENRG) and Vivint Smart Home, Inc. NYSE: VVNTNYSEVVNT)

NRG Energy, Inc. (NYSENRG) honored its top energy customers today for their leadership in sustainability, community support, and energy efficiency during the third annual Excellence in Energy Awards.

NRG Energy, Inc. (NYSENRG) today reported a third quarter 2022 Net Income of $67 million, or $0.29 per diluted common share, and Adjusted EBITDA for the third quarter of $452 million.

NRG Energy, Inc. (NYSENRG) plans to report its third quarter 2022 financial results on Monday, November 7, 2022. Management will present the results during a conference call and webcast at 9:00 a.m. ET (8:00 a.m. CT).

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.35 per share, or $1.40 per share on an annualized basis. The dividend is payable on November 15, 2022 to stockholders of record as of November 1, 2022.

NRG Energy, Inc., in collaboration with Smart Energy Decisions, today published new research that shows reputational risk and cost reduction as top motivators for organizations when considering decarbonization solutions. The 2022 State of Decarbonization Study provides insight into the many factors that influence businesses as they look to pursue net-zero.

NRG Energy, Inc. (NYSENRG) today reported a second quarter 2022 Net Income of $513 million, or $2.16 per diluted common share, and Adjusted EBITDA for the second quarter of $358 million.

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.35 per share, or $1.40 per share on an annualized basis. The dividend is payable on August 15, 2022, to stockholders of record as of August 1, 2022.

NRG Energy, Inc. (NYSENRG) plans to report its second quarter 2022 financial results on Thursday, August 4, 2022. Management will present the results during a conference call and webcast at 9:00 a.m. ET (8:00 a.m. CT).

NRG Energy, Inc. (NYSENRG) today reported a first quarter 2022 Net Income of $1,736 million, or $7.17 per diluted common share, Adjusted EBITDA for the first quarter of $509 million, and Free Cash Flow before Growth (FCFbG) of $239 million.

NRG Energy, Inc. (NYSENRG) plans to report its First Quarter 2022 financial results on Friday, May 6, 2022. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.35 per share, or $1.40 per share on an annualized basis. The dividend is payable on May 16, 2022 to stockholders of record as of May 2, 2022.

NRG Energy, Inc. (NYSENRG) today reported a full year 2021 Net Income of $2.2 billion, or $8.93 per diluted common share. Adjusted EBITDA for the full year 2021 was $2.4 billion, Net Cash Provided by Operating Activities was $0.5 billion, and Free Cash Flow Before Growth (FCFbG) was $1.5 billion.

NRG Energy, Inc. (NYSENRG) plans to report its Full Year and Fourth Quarter 2021 financial results on Thursday, February 24, 2022. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.35 per share, or $1.40 per share on an annualized basis. This dividend represents an 8% increase from the prior year in-line with the Company’s previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 15, 2022 to stockholders of record as of February 1, 2022.

Today, NRG Energy, Inc. announced it received the SEAL Award for Environmental Initiatives at the 2021 SEAL Business Sustainability Awards.

NRG Energy, Inc.’s (NYSENRG) fourteenth annual week of employee volunteerism—dubbed positiveNRG week by the organization —brought more than 500 NRG employees across 20 states together to donate over 1,600 hours to help alleviate the impact of food insecurity in their communities. From November 8-12, the NRG family donated over 100,000 pounds of food and packed and delivered over 74,000 meals.

Today, NRG Energy, Inc. (NYSENRG) in collaboration with Smart Energy Decisions published new research that shows cost savings and sustainability continue to top the list for customer needs when considering distributed energy resources (DERs). The goal of the 2021 State of Distributed Energy Resources Study was to better understand DER energy trends with the nation’s largest electric power users.

NRG Energy, Inc. (NYSENRG) honored its top energy customers for their leadership in energy efficiency, sustainability, and community support during the second annual Excellence in Energy Awards on November 17, 2021.

NRG Energy, Inc. announced its participation in the Climate Group's EV100 initiative, committing to electrify 100 percent of its light-duty fleet by 2030. This commitment expands the number of vehicles to be electrified beyond the goal first announced in June in the company’s 11th annual Sustainability Report1. NRG estimates that annual greenhouse gas emissions from the use of its light-duty vehicles are approximately 25,000 metric tons of CO₂ equivalent.

NRG Energy, Inc. (NYSENRG) today reported a third quarter 2021 net income of $1,618 million, or $6.60 per diluted common share and Adjusted EBITDA for the third quarter of $767 million.

NRG Energy, Inc. (NYSENRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable on November 15, 2021 to stockholders of record as of November 1, 2021.

NRG Energy, Inc. today announced it received a Climate Leadership Award for Greenhouse Gas Management (Goal Setting Certificate) at the 2021 Climate Leadership Conference, hosted by the Center for Climate and Energy Solutions (C2ES) and The Climate Registry (TCR).

NRG Energy, Inc. (NYSENRG) plans to report Third Quarter 2021 financial results on Thursday, November 4, 2021. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).