Record Financial Performance
NRG Energy delivered record financial results for 2024, with an adjusted EPS of $6.83, which exceeded the midpoint of the guidance range by 8% and was 45% higher than 2023.
EPS Growth Forecast
NRG expects at least 10% EPS CAGR growth through 2029, driven by key strategic initiatives and market trends.
Strategic Partnerships and Initiatives
NRG established an integrated partnership for new natural gas generation development and signed multiple letters of intent with data center developers.
Strong Business Segment Performance
The company achieved the highest adjusted EBITDA and free cash flow in its history, with notable performance in the East and West segments and increased customer growth in Spartan Oil.
Capital Return and Credit Metrics
NRG returned $1.3 billion to shareholders, increased its dividend by 8%, and achieved investment-grade credit metrics a year ahead of schedule.
Data Center Strategy Execution
NRG is advancing its data center strategy with a planned 5.4 gigawatts of capacity by 2032 and has formed a landmark collaboration with GE Vernova and KeyWitt.