NRG Energy is a leading integrated energy and power company focused on providing reliable and sustainable energy solutions. The company operates a diverse portfolio of power generation facilities, including natural gas, coal, nuclear, and renewable energy sources like solar and wind. NRG aims to deliver affordable electricity while promoting environmental stewardship and carbon reduction initiatives. Additionally, it offers a range of retail electricity services and innovative energy products designed to enhance customer experience and support energy efficiency. Through its commitment to sustainability and energy innovation, NRG Energy seeks to adapt to the rapidly changing energy landscape and contribute to a cleaner energy future. Read More
Activist investor Elliott Investment Management scored a victory on Monday when Institutional Shareholder Services recommended investors elect all four of Elliott's director nominees to the Phillips 66 board, bolstering the hedge fund's campaign for strategic changes at the oil refiner.
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CEO Larry Coben said the transaction is financially compelling as it strengthens the company’s credit profile, boosts its growth rate, and supports continued robust capital returns.
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NRG stock soars after beating Q1 2025 expectations and acquiring Premier Power Portfolio, doubling capacity and adding VPP business. Guidance reaffirmed.
NRG Energy, Inc. (NYSE: NRG) today reports GAAP Net Income of $750 million for the three months ended March 31, 2025. GAAP EPS — basic is $3.70, Cash Provided by Operating Activities is $855 million, Adjusted Net Income is $531 million, Adjusted EPS is $2.68, Adjusted EBITDA is $1,126 million, and Free Cash Flow before Growth Investments (FCFbG) is $293 million for the first quarter of 2025.
NRG Energy Inc. (NYSE: NRG) and LS Power Equity Advisors, LLC (“LS Power”) today announced that they have entered into a definitive agreement under which NRG will acquire a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power (the “Portfolio”) in a cash and common stock transaction valued at approximately $12.0 billion Enterprise Value, representing an acquisition multiple of 7.5x 2026 EV/EBITDA, or 50% of estimated new build replacement cost.
