NRG Energy (NRG)

NRG Energy, Inc. (NYSE:NRG) today announced the appointment of Brad Bentley as President, NRG Consumer, effective July 28, 2025. Mr. Bentley will report directly to Larry Coben, Chair, President, and Chief Executive Officer of NRG Energy.

In support of our fellow Texans impacted by the recent devastating flooding in Central Texas, NRG (NYSE: NRG) and Reliant today announced an initial commitment of $500,000 for disaster relief. This funding aims to provide both immediate and long-term support for overall recovery efforts, first responders, and related mental health needs. NRG and Reliant’s commitment includes direct funding for the Kerr County Flood Relief Fund and Central Texas Community Foundation, as well as customer assistance across impacted counties; triple matching for all eligible employee donations supporting flood recovery efforts; and support for impacted employees through the NRG Employee Relief Fund.

NRG Energy, Inc. (NYSE:NRG) announced that it issued a notice of redemption for any and all of its outstanding 2.75% Convertible Senior Notes due 2048 (the “Notes”). NRG has elected to redeem all of the Notes outstanding on the Redemption Date (as defined below) pursuant to Section 4.04 of the indenture, dated as of May 24, 2018 (as amended, the “Indenture”), by and among NRG, as issuer, the guarantors party thereto, and CSC Delaware Trust Company (formerly known as Delaware Trust Company), as trustee and Section 9 of the Notes.

NRG Energy, Inc. (NYSE: NRG) today reports GAAP Net Income of $750 million for the three months ended March 31, 2025. GAAP EPS — basic is $3.70, Cash Provided by Operating Activities is $855 million, Adjusted Net Income is $531 million, Adjusted EPS is $2.68, Adjusted EBITDA is $1,126 million, and Free Cash Flow before Growth Investments (FCFbG) is $293 million for the first quarter of 2025.

NRG Energy Inc. (NYSE: NRG) and LS Power Equity Advisors, LLC (“LS Power”) today announced that they have entered into a definitive agreement under which NRG will acquire a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power (the “Portfolio”) in a cash and common stock transaction valued at approximately $12.0 billion Enterprise Value, representing an acquisition multiple of 7.5x 2026 EV/EBITDA, or 50% of estimated new build replacement cost.

Over the past 25 years, Vivint has grown from a singular focus on home security to pioneering an integrated smart home experience with security at its core. Today’s unveiling of a new visual identity represents both an evolution and expansion of that focus, redefining a truly smarter home experience to include smarter energy management.

NRG Energy, Inc. (NYSE:NRG) plans to report its first quarter 2025 financial results on Monday, May 12, 2025. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).

Recognizing the evolving needs of consumers, today Reliant introduced the Smarter Home Bundle, a new innovative offer that makes home energy management easier than ever. Qualifying current and new Reliant customers will receive a free Vivint Doorbell Camera Pro and award-winning Vivint Smart Thermostat paired with complimentary white-glove installation to ensure everything is perfectly set up from day one. Reliant customers enrolled in the Smarter Home Bundle will also have access to an exclusive Vivint app experience that provides personalized energy insights powered by Reliant alongside seamless control of Vivint smart home devices – all in one place.

NRG Energy, Inc. (NYSE: NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.44 per share, or $1.76 per share on an annualized basis. The dividend is payable on May 15, 2025, to stockholders of record as of May 1, 2025.

NRG Energy Inc. (NYSE:NRG) today announced that Rasesh Patel, President, NRG Consumer, has decided to retire, effective May 19, 2025. Afterward, Mr. Patel will remain available in an advisory role to ensure a seamless transition. The Company anticipates naming a successor during the second quarter.

NRG Energy Inc. (NYSE:NRG) has entered into a definitive agreement to acquire six power generation facilities from Texas-based Rockland Capital, LLC, adding 738 Megawatts (MW) of modern, flexible natural gas-fired capacity to its portfolio. The acquisition includes one combined-cycle unit and five peaker units, further strengthening NRG’s position in the rapidly growing market.

NRG Energy Inc. today announced a $2.5 MM investment in Equilibrium Energy, an energy technology platform that leverages AI to enhance energy portfolio optimization capabilities. With this investment, NRG aims to gain market intelligence and explore solutions to address grid volatility created by load growth, intermittent renewable generation, and extreme weather events.

NRG Energy Inc. (NYSE:NRG) today joined GE Vernova, Inc. (NYSE: GEV) and TIC – The Industrial Company (TIC), a subsidiary of Kiewit Corporation (Kiewit) in announcing a new venture aimed at rapidly bringing new electricity generation capacity to market in response to growing demand for computing power and generative AI (GenAI).

NRG Energy, Inc. (NYSE: NRG) today reported GAAP Net Income of $643 million for the three months ended December 31, 2024 and $1.1 billion for the full year 2024. GAAP EPS — basic was $5.14, Cash Provided by Operating Activities was $2.3 billion, Adjusted Net Income was $1.4 billion, Adjusted EPS was $6.83, Adjusted EBITDA was $3.8 billion, and Free Cash Flow before Growth (FCFbG) was $2.1 billion for the full year 2024.

NRG Energy Inc. (NYSE:NRG) NRG Energy is proud to announce its partnership with the FIFA World Cup 26 Houston™ Host Committee and bring seven exciting international soccer matches to Houston at our namesake stadium. NRG is excited to support this monumental sporting event and the expansion and development of local soccer communities to inspire the next generation of players.

NRG Energy, Inc. (NYSE:NRG) plans to report its full year and fourth quarter 2024 financial results on Wednesday, February 26, 2025. 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 announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.44 per share, or $1.76 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 18, 2025, to stockholders of record as of February 3, 2025.

Eight nonprofits from Pennsylvania and New Jersey collectively received $100,000 in donations after NRG, a leading consumer services and energy company, recently announced the results of its annual charitable-giving program, NRG Gives.

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 announced it is partnering with Renew Home, a leading virtual power plant (VPP) company to boost its residential VPP capabilities. Together, NRG and Renew Home aim to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP – enabled by Google Cloud technology – to improve the Texas grid's resiliency and help households manage and lower their energy costs.

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.