NRG Energy reports lower Q1 profit as revenue rises
Updated
Updated · MarketWatch · May 6
NRG Energy reports lower Q1 profit as revenue rises
10 articles · Updated · MarketWatch · May 6
The Houston company earned $125 million, or 52 cents a share, versus $750 million, while revenue climbed 19% to $10.26 billion in the quarter ended 31 March.
Adjusted earnings of $1.49 a share missed FactSet estimates of $1.75, though revenue beat forecasts of $8.43 billion.
NRG said unrealized hedge losses, lower natural gas prices, mild Texas weather and higher eastern supply costs hurt results, but it reaffirmed full-year guidance.
After a $625M profit drop, how will NRG’s new CEO fix its volatile hedging strategy?
Can NRG’s smart home pivot shield it from the energy market volatility that erased its profits?
As AI data centers strain the grid, can NRG prevent soaring electricity bills for its customers?