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U.S. equities soared at midday after the U.S. and China agreed to slash their tariffs for 90 days. The Nasdaq jumped about 3.5%, while the Dow Jones Industrial Average and S&P 500 were up more than 2%.
Larry Coben, NRG Energy CEO, joins 'Money Movers' to discuss the company's $12 billion deal to acquire assets from LS Power and impact from tariffs.
NRG Energy, Inc. (NYSE:NRG ) Q1 2025 Earnings Conference Call May 12, 2025 9:00 AM ET Company Participants Kevin Cole - Senior Vice President of Corporate Finance, Treasury & Investor Relations Larry Coben - President, CEO & Chairman of the Board Bruce Chung - EVP & CFO Rob Gaudette - Executive Vice President of NRG Business Rasesh Patel - Executive Vice President, President of NRG Consumer Conference Call Participants Julien Dumoulin-Smith - Jefferies Shahriar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Carly Davenport - Goldman Sachs Operator Good day and thank you for standing by. Welcome to the NRG Energy Inc.'s First Quarter 2025 Business Update and Earnings Conference Call.
This de-escalation in the burgeoning trade war has opened the floodgates to stock buyers this morning.
The deal, to acquire a portfolio of natural gas generation facilities from LS Power Equity Advisors, will double NRG's power-generation capacity, the company says.
NRG Energy (NRG) came out with quarterly earnings of $2.62 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $0.80 per share a year ago.
NRG's first-quarter 2025 earnings and revenues increase year over year. Adjusted EBITDA also increases during the same period.
NRG Energy has agreed to acquire LS Power's portfolio of natural gas generation facilities and power plant platform in a cash-and-stock deal with an enterprise value of about $12 billion.
HOUSTON--(BUSINESS WIRE)--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 achieved exceptional financial and operational performance in the first q.
U.S. utility NRG Energy said on Monday it would acquire natural gas generation facilities and a virtual power plant from LS Power in a cash-and-stock deal valued at $12 billion.