NRG Energy raises FY24 adjusted EPS view to $5.95-$6.75 from $5.00-$6.30

Consensus $6.67. Raises FY24 adjusted EBITDA view to $3.66B-$3.81B from $3.43B-$3.68B. The company said, “On September 25, 2024, NRG raised its 2024 Adjusted EBITDA guidance to $3,525 – $3,675 million from $3,300 – $3,550 million and FCFbG guidance to $1,975 – $2,125 million from $1,825 – $2,075 million. With the recasting of the amortization of capitalized customer acquisition costs described above, the 2024 Adjusted EBITDA guidance issued on September 25, 2024 is now $3,655 – $3,805 million, an increase of $130 million. 2024 FCFbG guidance is not changed by the recasting of capitalized contract costs which are non-cash items. NRG is also providing 2024 ranges for Adjusted Net Income and Adjusted EPS of $1,235 – $1,385 and $5.95 – $6.75, respectively. In the third quarter 2024, the Company earned $393 million of Adjusted Net Income and $1.90 of Adjusted EPS.”