Articles from NRG Energy, Inc.

NRG today celebrated surpassing $6 million in contributions to Ann & Robert H. Lurie Children’s Hospital of Chicago from its charitable program, Choose to Give. The milestone was celebrated at an event held at the hospital with a dedication ceremony for the hospital’s emergency department waiting area.

NRG Energy, Inc. (NYSE: NRG) celebrated some of its top energy customers today for their remarkable efforts in community, sustainability, and energy efficiency during the fifth annual Excellence in Energy Awards.

NRG Energy, Inc. (NYSE: NRG) today reports strong third quarter 2024 financial results and reaffirms its raised guidance ranges.

NRG Energy, Inc. (NYSE:NRG) announced today the pricing terms of the previously announced offer to purchase for cash (the “Tender Offer”) for any and all of the outstanding 6.75% senior secured notes due 2027 (the “Notes”) issued by APX Group, Inc. (“APX”), a wholly-owned subsidiary of NRG. The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the offer to purchase and consent solicitation statement, dated October 15, 2024 (the “Offer to Purchase and Consent Solicitation Statement”).

NRG Energy, Inc. (NYSE:NRG) announced today the early results of its previously announced offer to exchange (the “Exchange Offer”) any and all outstanding 5.75% Senior Notes due 2029 (the “Existing APX Unsecured Notes”) issued by APX Group, Inc. (“APX”) for new notes to be issued by NRG (the “New NRG Exchange Notes”) and cash.

NRG Energy, Inc. (NYSE:NRG) announced today the early results of the previously announced offer to purchase for cash (the “Tender Offer”) for any and all of the outstanding 6.75% senior secured notes due 2027 (the “Notes”) issued by APX Group, Inc. (“APX”), a wholly-owned subsidiary of NRG.

NRG Energy, Inc. (NYSE:NRG) has priced its offering of $1,875 million in aggregate principal amount of senior unsecured notes, consisting of (i) $925 million aggregate principal amount of 6.00% senior notes due 2033 (the “2033 Notes”) and (ii) $950 million aggregate principal amount of 6.25% senior notes due 2034 (the “2034 Notes” and, together with the 2033 Notes, the “Notes”). The aggregate principal amount of the offering was increased from the previously announced offering size of $1,500 million.

NRG Energy, Inc. (NYSE:NRG) announced the commencement of an offering of $1,500 million in aggregate principal amount of senior unsecured notes in two tranches, consisting of (i) senior notes due 2033 (the “2033 Notes”) and (ii) senior notes due 2034 (the “2034 Notes” and, together with the 2033 Notes, the “Notes”). The Notes will be guaranteed by each of NRG’s current and future subsidiaries that guarantee indebtedness under NRG’s credit agreement.

NRG Energy, Inc. (NYSE:NRG) announced today the commencement of an offer to exchange (the “Exchange Offer”) any and all outstanding 5.75% Senior Notes due 2029 (the “Existing APX Unsecured Notes”) issued by APX Group, Inc. (“APX”) for new notes to be issued by NRG (the “New NRG Exchange Notes”) and cash, as set forth in the table below.

NRG Energy, Inc. (NYSE:NRG) announced today that its wholly-owned subsidiary, APX Group, Inc. (“APX”), has commenced an offer to purchase for cash (the “Tender Offer”) any and all of APX’s outstanding 6.75% senior secured notes due 2027 (the “Notes”), of which $600 million aggregate principal amount is currently outstanding.

NRG Energy, Inc. (NYSE: NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on November 15, 2024, to stockholders of record as of November 1, 2024.

NRG Energy, Inc. (NYSE: NRG) today increases its 2024 guidance as follows:

NRG Energy, Inc.’s (NYSE:NRG) 17th annual positiveNRG Impact Week united thousands of employees in 30 cities and provinces across the United States and Canada to provide one million meals for local nonprofits. From September 16-20, the NRG family worked to combat food insecurity in their communities, packing, sorting, and preparing an estimated 1.2 million pounds of food for individuals and families in need.

NRG Energy, Inc. (NYSE: NRG) today reported second quarter 2024 Net Income of $738 million. Adjusted EBITDA for the second quarter was $935 million, Cash Provided by Operating Activities was $1,056 million, and Free Cash Flow Before Growth Investments (FCFbG) was $663 million.

NRG Energy, Inc. (NYSE: NRG) (“NRG” or the “Company”) today announced the appointment of Lawrence Coben, Ph.D., as President and Chief Executive Officer. Dr. Coben has been serving as Interim Chief Executive Officer since November 20, 2023. He was appointed Chair of the NRG Board of Directors in 2017 and will continue as Chair of the Board as part of his new role.

NRG Energy, Inc. (NYSE: NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on August 15, 2024, to stockholders of record as of August 1, 2024.

NRG Energy, Inc. (NYSE: NRG) plans to report its Second Quarter 2024 financial results on Thursday, August 8, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSE: NRG) today reported first quarter 2024 Net Income of $511 million. Adjusted EBITDA for the first quarter was $849 million, Cash Provided by Operating Activities was $267 million, and Free Cash Flow Before Growth Investments (FCFbG) was $(40) million. Cash Provided by Operating Activities and FCFbG for the first quarter were primarily impacted by annual incentive payments, in addition to payment of Vivint Smart Home interest and seasonal inventory buildup in anticipation of the summer selling season.

NRG Energy, Inc. (NYSE: NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on May 15, 2024, to stockholders of record as of May 1, 2024.

NRG Energy, Inc. (NYSE:NRG) plans to report its First Quarter 2024 financial results on Tuesday, May 7, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSE:NRG) announced today that it has entered into separate, privately negotiated transactions with certain holders of its existing 2.75% convertible senior notes due 2048 (the “Convertible Notes”) to repurchase approximately $251 million aggregate principal amount of the Convertible Notes. The Convertible Notes repurchases are expected to close over a period ending on or about April 18, 2024, subject to customary closing conditions. Following the closing of the repurchases, and after giving effect to approximately $92 million aggregate principal amount of Convertible Notes that the Company had previously repurchased, approximately $232 million aggregate principal amount of Convertible Notes will remain outstanding.

NRG Energy, Inc. (NYSE: NRG) today reported Net Income for the three months ended December 31, 2023 of $482 million and a full year Net Loss of $202 million. The Net Loss was driven by unrealized non-cash mark-to-market losses on economic hedges due to large movements in natural gas and power prices. Adjusted EBITDA for full year 2023 was $3.3 billion, Net Cash Used by Operating Activities was $221 million, and Free Cash Flow Before Growth (FCFbG) was $1.9 billion.

NRG Energy, Inc. (NYSE: NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.4075 per share, or $1.63 per share on an annualized basis. This dividend represents an 8% increase from the prior year, in line with the Company’s previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 15, 2024, to stockholders of record as of February 1, 2024.

NRG Energy, Inc. (NYSE:NRG) plans to report its full year and fourth quarter 2023 financial results on Wednesday, February 28, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

NRG Energy, Inc. (NYSE:NRG) announced today the early results of its previously announced offers to purchase for cash (collectively, the “Tender Offer”) up to $620 million aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 3.875% senior notes due 2032 (the “2032 Notes”), 3.625% senior notes due 2031 (the “2031 Notes”), and 3.375% senior notes due 2029 (the “2029 Notes” and, collectively with the 2032 Notes and the 2031 Notes, the “Notes”). The Maximum Tender Amount is subject to order of priority (the “Acceptance Priority Level”) and proration arrangements as set forth in the Offer to Purchase, dated November 6, 2023 (as amended by the press release dated November 20, 2023, the “Offer to Purchase”).