NRG Energy Misses Q3 Expectations But Powers Up Guidance And Stock Buyback: Details
NRG Energy Misses Q3 Expectations But Powers Up Guidance And Stock Buyback: Details
NRG Energy, Inc. (NYSE:NRG) reported a third-quarter revenue decline of 9.1% year-over-year to $7.22 billion, missing the consensus of $9.381 billion. Adjusted EPS stood at $1.85, missing the consensus of $2.00.
NRG Energy公司(紐交所:NRG)報告,第三季度營業收入同比下降9.1%,達到72.2億美元,低於93.81億美元的共識。調整後的每股收益爲1.85美元,低於2.00美元的共識。
"NRG's financial position has never been stronger as evidenced by our raised 2024 guidance and the 2025 guidance we initiated today. We continue to look to add new capacity to our portfolio, and our exciting new partnership with Renew Home provides further validation of our customer-focused strategy," commented Larry Coben, NRG Chair, President, and Chief Executive Officer.
「NRG的財務狀況從未像我們今年提高的2024年指引和今天啓動的2025年指引所證明的那樣強勁。我們繼續尋求向我們的投資組合增加新的產能,而我們與Renew Home的令人興奮的新夥伴關係進一步驗證了我們以客戶爲中心的策略,」NRG主席、總裁兼首席執行官Larry Coben評論道。
Operating cash flow for the quarter was $31 million, compared to $566 million a year ago. Free Cash Flow Before Growth Investments was $815 million.
本季度經營性現金流爲3100萬美元,低於一年前的56600萬美元。增長投資前的自由現金流爲81500萬美元。
Adjusted EBITDA rose 6.9% YoY to $1.055 billion, and the margin expanded 218 bps YoY to 14.6%.
調整後的EBITDA同比增長6.9%至10.55億美元,邊際增長218個點子至14.6%。
As of September 30, 2024, NRG had $1.1 billion in cash and $5.3 billion in credit availability, boosting total liquidity to $6.4 billion, driven by increased receivables and Airtron sale proceeds.
截至2024年9月30日,NRG現金11億美元,信貸可用額度53億美元,推動總流動性提高到64億美元,由增加的應收賬款和銷售Airtron所得推動。
On September 16, 2024, NRG sold its Airtron HVAC unit for $500 million, netting $484 million ($425 million post-tax). Acquired in 2021, Airtron's divestiture was at an 8.6x multiple on 2023 Adjusted EBITDA.
2024年9月16日,NRG以50000萬美元出售其Airtron暖通空調部門,淨得48400萬美元(稅後42500萬美元)。Airtron在2021年收購,根據2023年調整後的EBITDA爲8.6倍進行剝離。
NRG reaffirmed its policy to allocate 80% of cash for capital returns and 20% for growth, increasing 2024 share buybacks to $925 million.
NRG重申將80%的現金用於資本回報,20%用於增長,將2024年的股票回購增加到92500萬美元。
NRG raised its 2024 buyback plan from $825 million to $925 million, repurchasing $544 million by October. Completion is expected near the end of the fourth quarter.
NRG將2024年回購計劃從82500萬美元上調至92500萬美元,截至十月回購 54400萬美元。預計在第四季度末完成。
NRG targets a long-term Adjusted EPS CAGR above 10%, driven by organic growth initiatives. The plan excludes power price changes and potential boosts from ERCOT projects. It aims for $750 million in added EBITDA by 2029 and over $8 billion in capital returns.
nrg energy的長期調整每股收益複合年增長率目標在10%以上,主要受有機增長計劃推動。該計劃不包括電力價格變化和可能來自ERCOt項目的刺激。到2029年,目標是實現增加75000萬美元的息稅折舊及攤銷前利潤(EBITDA),並實現超過80億美元的資本回報。
Guidance: NRG Energy now sees 2024 Adjusted EPS of $5.95 – $6.75 (original guidance $5.00 – $6.30) versus $6.67 consensus.
指引:NRG Energy現在預計2024年調整每股收益爲5.95美元至6.75美元(原指引爲5.00美元至6.30美元),而市場共識值爲6.67美元。
The company expects 2025 Adjusted EPS of $6.75 – $7.75 versus the $6.80 consensus and Adjusted EBITDA of $3.725 billion – $3.975 billion.
該公司預計2025年調整每股收益爲6.75美元至7.75美元,而市場共識值爲6.80美元,調整後息稅折舊及攤銷前利潤(EBITDA)爲37.25億美元至39.75億美元。
Price Action: NRG shares are trading higher by 1.34% at $97.69 at the last check Friday.
股價走勢:NRG股票最近交易價格爲97.69美元,較上一次檢查時上漲了1.34%。
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譯文內容由第三人軟體翻譯。