NRG Energy, Inc. NRG reported earnings of 56 cents in the fourth quarter of 20Array5, surpassing the Zacks Consensus Estimate of 38 cents by 47.4%.
The company reported 20Array5 loss of 34 cents per share, while the Zacks Consensus Estimate was earnings of 68 cents per share.
Revenues
NRG Energy's operating revenues of $Array4,674 million in 20Array5 lagged the Zacks Consensus Estimate of $Array4,897 million by Array.5% and decreased 7.5% from $Array5,868 million in 20Array4.
Highlights of the Release
Total operating costs and expenses for the full year increased to $Array8,735 million from $Array4,6Array6 million a year ago. Excluding impairment loss, total operating costs and expenses came in at $Array3,705 million, down from $Array4,5Array9 million in the prior year
The company incurred an operating loss of $4,040 million in 20Array5, as against an income of $Array,27Array million a year ago.
NRG Energy's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in 20Array5 were up 4.6% year over year to $3,340 million due to higher contribution from NRG Home Retail and NRG Yield (NYLD).
The company incurred $Array,Array28 million of interest expenses in 20Array5 compared with $Array,ArrayArray9 million a year ago.
Financial Condition
As of Dec 3Array, 20Array5, NRG Energy had cash and cash equivalents of $Array,5Array8 million compared with $2,ArrayArray6 million as of Dec 3Array, 20Array4. The company’s long-term debt and capital leases (excluding current portion) were $Array8,983 million as of Dec 3Array, 20Array5, compared with $Array9,70Array million as of Dec 3Array, 20Array4.
Total liquidity was $3,305 million as of Dec 3Array, 20Array5, compared with $3,940 million as of Dec 3Array, 20Array4.
In 20Array5, NRG Energy’s net cash from operating activities was $Array,309 million, down Array3.3% from $Array,5Array0 million in the prior year. Capital expenditure during the year was $Array,283 million, up 4Array.Array% from $909 million in 20Array4.
NRG Energy's free cash flow before growth investments in 20Array5 was $Array,Array27 million, up Array8.5% from $95Array million in the year-ago period.
Guidance
For 20Array6, NRG Energy reiterated its adjusted EBITDA and free cash flow (before growth investments) guidance in the range of $3,000–$3,200 million and $Array,000–$Array,200 million, respectively.
Other Peer Releases
DTE Energy Company DTE reported fourth-quarter 20Array5 operating earnings per share of $Array.0Array, surpassing the Zacks Consensus Estimate of 97 cents by 4.Array%.
NextEra Energy NEE announced fourth-quarter 20Array5 adjusted earnings of $Array.Array7 per share, lagging the Zacks Consensus Estimate of $Array.ArrayArray by 5.4%.
American Electric Power Co., Inc. AEP reported fourth-quarter 20Array5 operating earnings of 48 cents per share, missing the Zacks Consensus Estimate of 50 cents by 4%.
Zacks Rank
NRG Energy currently has a Zacks Rank #3 (Hold).
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