U.S. Markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.44 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.96 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.65 (-0.90%)
     
  • Gold

    1,753.90
    -2.80 (-0.16%)
     
  • Silver

    22.42
    -0.33 (-1.44%)
     
  • EUR/USD

    1.1732
    -0.0040 (-0.3402%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • Vix

    20.81
    +2.12 (+11.34%)
     
  • GBP/USD

    1.3737
    -0.0059 (-0.4286%)
     
  • USD/JPY

    109.8950
    +0.1770 (+0.1613%)
     
  • BTC-USD

    48,740.02
    +666.78 (+1.39%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.71 (+0.58%)
     

NRG Energy (NRG) Earnings & Revenues Increase Y/Y in 2019

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

NRG Energy, Inc. NRG posted earnings of $15.59 per share in 2019, up from earnings of $1.49 in 2018.

Revenues

NRG Energy posted revenues of $2,214 million in the quarter under review, which increased 5.9% from $2,091 million in the year-ago quarter.

In 2019, the company generated revenues of $9.82 billion that missed the Zacks Consensus Estimate of $9.89 billion by 0.7%. The top line improved from $9.47 billion in 2018.

NRG Energy, Inc. Price, Consensus and EPS Surprise

 

NRG Energy, Inc. Price, Consensus and EPS Surprise
NRG Energy, Inc. Price, Consensus and EPS Surprise

NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote

 

Highlights of the Release

Fourth-quarter Adjusted EBITDA was $384 million compared with $273 million in the year-ago quarter.

The company realized $590 million of its 2019 cost savings target and $135 million in margin enhancement, as part of its Transformation Plan.

NRG Energy completed $250 million of share repurchase authorization that was announced during second-quarter 2019 earnings call. Since Jan 1 2019, the company has completed $1.6-billion share repurchase.

Financial Highlights

As of Dec 31, 2019, NRG Energy had cash and cash equivalents of $345 million compared with $563 million as of Dec 31, 2018.

As of Dec 31, the company’s long-term debt and capital leases amounted to $5,803 million compared with $6,449 million as of Dec 31, 2018.

The company’s net cash provided operating activities at the end of 2019 was $1,413 million compared with $1,377 million at the end of 2018.

Capital expenditures in 2019 were $228 million compared with $388 million in 2018.

Guidance

The company expects 2020 adjusted EBITDA guidance in the range of $1,900-$2,100 million. It also anticipates free cash flow before growth investments in the range of $1,275-$1,475 million.

Zacks Rank

NRG Energy has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Releases

NextEra Energy, Inc. NEE reported fourth-quarter 2019 adjusted earnings of $1.44 per share, which lagged the Zacks Consensus Estimate of $1.54 by 6.5%.

FirstEnergy Corporation FE reported fourth-quarter 2019 operating earnings of 55 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 14.6%.

WEC Energy Group WEC delivered fourth-quarter 2019 adjusted earnings per share of 77 cents, which beat the Zacks Consensus Estimate of 72 cents by 6.9%.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
FirstEnergy Corporation (FE) : Free Stock Analysis Report
 
WEC Energy Group, Inc. (WEC) : Free Stock Analysis Report
 
NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
 
NRG Energy, Inc. (NRG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research