NRG Energy reported Q3 2024 results with revenue of $7.2 billion, down from $7.9 billion in Q3 2023. The company recorded a net loss of $767 million compared to net income of $343 million in the prior year quarter, primarily due to mark-to-market losses. Economic gross margin increased to $2.15 billion from $2.04 billion year-over-year.NRG completed the sale of its Airtron business unit for net proceeds of $484 million, recording a gain of $208 million. The company repurchased $319 million of shares during the quarter at an average price of $79.26. An additional $225 million in share repurchases were executed through October 31 at $89.23 per share.In Q4 2024, NRG announced a comprehensive debt refinancing, issuing $2.7 billion in new notes to repay existing debt. The company also increased its term loan by $450 million and extended its revolving credit facility to 2029. NRG plans to increase its annual dividend by 8% to $1.76 per share in 2025, targeting 7-9% annual dividend growth thereafter.

NRG Energy reported Q3 2024 results with revenue of $7.2 billion, down from $7.9 billion in Q3 2023. The company recorded a net loss of $767 million compared to net income of $343 million in the prior year quarter, primarily due to mark-to-market losses. Economic gross margin increased to $2.15 billion from $2.04 billion year-over-year.NRG completed the sale of its Airtron business unit for net proceeds of $484 million, recording a gain of $208 million. The company repurchased $319 million of shares during the quarter at an average price of $79.26. An additional $225 million in share repurchases were executed through October 31 at $89.23 per share.In Q4 2024, NRG announced a comprehensive debt refinancing, issuing $2.7 billion in new notes to repay existing debt. The company also increased its term loan by $450 million and extended its revolving credit facility to 2029. NRG plans to increase its annual dividend by 8% to $1.76 per share in 2025, targeting 7-9% annual dividend growth thereafter.