NRG Energy, Inc. (NYSE: NRG) reported an increase in revenue and adjusted earnings for the first quarter of 2025. The company also reaffirmed its guidance ranges and capital allocation for fiscal 2025.
First-quarter revenue increased to $8.59 billion from $7.43 billion in the corresponding quarter of fiscal 2024The company reported net income of $750 million or $3.61 per share for Q1, compared to $494 million or $2.31 per share in the year-ago quarterOn an adjusted basis, earnings rose sharply to $2.68 per share from $1.46 per share in the same period last yearAdjusted EBITDA was $1.13 billion in the March quarter, compared to $870 million a year earlierThe company announced the strategic acquisition of a premier portfolio of 13 GW of natural gas generation It also closed the acquisition of 738 MW of flexible natural gas generation in Texas at an attractive value well below the new build costThe management said that 1.5 GW of eligible Texas Energy Fund projects are now all in active due diligence review, with the recent addition of Greens BayouFor fiscal 2025, NRG plans to return a total of $1.3 billion in share repurchases and common stock dividends of approximately $345 million
