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NRG Energy, Inc. (NRG)

  • Aug. 7, 2014, 7:33 AM
    • NRG Energy (NYSE:NRG): Q2 EPS of -$0.30 may not be comparable to consensus of $0.15.
    • Revenue of $3.62B (+23.5% Y/Y) beats by $1.12B.
    • Press Release
    | Aug. 7, 2014, 7:33 AM | Comment!
  • Jul. 31, 2014, 8:46 AM
    • FuelCell Energy (NASDAQ:FCEL) +5.1% premarket on news that NRG Energy (NYSE:NRG) is providing financial assistance, including the purchase of $35M in FCEL common stock and establishment of a new $40M revolving construction and term loan facility to use for project development.
    • After the sale of 14.6M common shares to NRG at $2.39/share, NRG now owns ~17M FCEL shares for a total 6% stake.
    | Jul. 31, 2014, 8:46 AM | 1 Comment
  • Jul. 18, 2014, 7:30 AM
    • NRG Energy, Inc. (NYSE:NRG) declares $0.14/share quarterly dividend, in line with previous.
    • Forward yield 1.76%
    • Payable Aug. 15; for shareholders of record Aug. 1; ex-div July 30.
    | Jul. 18, 2014, 7:30 AM | Comment!
  • Jul. 15, 2014, 2:12 PM
    • NRG Energy (NRG -1.3%) says it is working with Japan's JX Nippon Oil & Gas Exploration to build a $1B project it touts as the world's largest carbon capture project of its kind.
    • NRG says the project will capture 90% of the carbon dioxide emitted from the WA Parish power plant near Houston and use the captured CO2 to inject into its nearby West Ranch oil field to boost oil production.
    • The field currently produces ~500 bbl/day, but that could increase to more than 15K with the help of carbon dioxide injections, NRG says; essentially, the increased oil production would pay for the new infrastructure at the power plant.
    | Jul. 15, 2014, 2:12 PM | Comment!
  • Jul. 1, 2014, 11:59 AM
    • NRG Yield (NYLD +4.6%) says it completed its previously announced acquisition of three right of first offer assets from NRG Energy (NRG -2.4%), and raises its FY 2014 guidance for EBITDA to $410M from $292M and cash available for distribution to $140M as a result.
    • NYLD is now targeting an annualized dividend of $1.50/share by Q4, up from $1.20; with a pipeline of nearly 2.1 GW of assets identified by NRG as being eligible for drop-down and the pending acquisition of the 947 MW Alta Wind portfolio, NYLD also raises its five-year target dividend per share compound annual growth rate to 15%-18% from 10%-15%.
    | Jul. 1, 2014, 11:59 AM | Comment!
  • Jun. 4, 2014, 8:12 AM
    • NRG Yield (NYLD) confirms it has agreed to acquire the Alta Wind facility located in Tehachapi, Calif., for $870M, plus the assumption of $1.6B of non-recourse project financing, from Terra-Gen Power (earlier).
    • The acquisition, which totals 947 MW of operating wind capacity, also includes a portfolio of land leases associated with the Alta Wind facility.
    • NYLD expects the deal to increase its annual run-rate EBITDA by ~$220M and cash available for distribution by ~$70M by 2016.
    • NRG +0.4% premarket.
    | Jun. 4, 2014, 8:12 AM | Comment!
  • Jun. 3, 2014, 6:42 PM
    • NRG Energy (NRG) is nearing a deal to acquire the Alta Wind Energy Center, the largest wind farm in North America, for more than $800M, WSJ reports.
    • Alta Wind is currently owned by an affiliate of P-E firms Global Infrastructure Partners and ArcLight Capital Partners.
    • Alta Wind's farms have long-term purchase agreements with Southern California Edison (EIX), which serves more than 1M people in the region north of Los Angeles.
    | Jun. 3, 2014, 6:42 PM | 1 Comment
  • Jun. 3, 2014, 12:45 PM
    | Jun. 3, 2014, 12:45 PM | 6 Comments
  • Jun. 2, 2014, 3:31 PM
    • Walter Energy (WLT -6.3%) shares aren't helped by the coal producer's statement that new EPA proposals aimed at controlling carbon emissions from U.S. power plants should have no material impact on the company; in fact, WLT is down more than peers: CNX +1.1%, BTU +0.1%, CLD -0.3%, ACI -2.8%, ANR -4.6%.
    • Long-term losers also will include electric companies that burn lots of coal - such as American Electric Power (AEP +0.1%), Duke Energy (DUK -0.3%), Southern Co. (SO -0.3%) and NRG Energy (NRG -0.1%) - but stiff regulations have been expected for some time.
    • Likely winners include companies that pump natural gas and those that use it as their primary fuel, such as Calpine (CPN +0.3%), and companies that operate nuclear plants that generate little carbon but have been expensive to run, such as Exelon (EXC -1%), hope that their aging plants will become more competitive.
    • A reduction in coal-fired capacity would increase utilities' demand for natural gas by 3B-10B cf/day from 22B cf/day now, potential benefiting major natural gas producers like Chesapeake Energy (CHK +2.1%), Cabot Oil & Gas (COG -0.8%) and Range Resources (RRC -0.6%).
    | Jun. 2, 2014, 3:31 PM | 26 Comments
  • May 6, 2014, 9:47 AM
    • NRG Energy (NRG +1.9%) opens strong after reporting a sharply reduced Q1 loss on soaring revenue that far outpaced market expectations, and agreeing to a drop-down of assets to NRG Yield (NYLD -0.2%) for $349M cash and the assumption of $657M in project debt.
    • The deal consists of two solar facilities and a fast-start, gas-fired facility in California.
    • NRG also raises its FY 2014 guidance, seeing adjusted EBITDA of $3.2B-$3.4B vs. its prior view of $2.7B-$2.9B; also raises its free cash flow outlook to $1.2B-$1.4B from $950M-$1.15B.
    | May 6, 2014, 9:47 AM | Comment!
  • May 6, 2014, 6:59 AM
    • NRG Energy (NRG): Q1 EPS of -$0.18 misses by $0.08.
    • Revenue of $3.48B (+67.3% Y/Y) beats by $1.35B.
    • Press Release
    | May 6, 2014, 6:59 AM | Comment!
  • May 5, 2014, 5:30 PM
  • Apr. 21, 2014, 8:59 AM
    • NRG Energy, Inc. (NRG) declares $0.14/share quarterly dividend, 16.7% increase from prior dividend of $0.12.
    • Forward yield 1.74%
    • Payable May 15; for shareholders of record May 1; ex-div April 28.
    | Apr. 21, 2014, 8:59 AM | Comment!
  • Mar. 11, 2014, 2:19 PM
    • NRG Energy (NRG +1.7%) agrees to acquire Dominion Resources' (D -0.2%) retail electric business for an undisclosed sum, in a bid to expand its presence in the northeastern U.S. and Texas.
    • Dominion's retail electric business serves more than 600K customers in northern states from Illinois to New York, while its Cirro Energy brand is focused on Texas.
    • NRG has made a steady series of deals to boost its retail power business and its collection of power plants; it became the biggest wholesale electric company in the U.S. last year after it acquired GenOn Energy for ~$1.7B, and it is buying coal plants, wind farms and other assets out of bankruptcy from an Edison International subsidiary.
    | Mar. 11, 2014, 2:19 PM | 4 Comments
  • Mar. 11, 2014, 2:08 PM
    • Edison Mission Energy wins court approval of a plan to exit Chapter 11 protection through a $2.64B asset sale to NRG Energy (NRG +1.7%) that will give NRG coal-burning power plants in the Midwest that may boost revenue if natural gas prices rebound.
    • Edison Mission’s non-bankrupt parent, Edison International (EIX -1%), agreed last month to a nearly $1B settlement that resolved the unit’s tax, pension and other liabilities.
    • NRG is paying $2.29B in cash and $350M in stock for the assets; EIX will continue to own what’s left of Edison Mission after the sale.
    | Mar. 11, 2014, 2:08 PM | Comment!
  • Feb. 28, 2014, 7:19 AM
    | Feb. 28, 2014, 7:19 AM | Comment!
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Company Description
NRG Energy Inc is engaged in ownership & operation of power generation facilities; the trading of energy, capacity & related products; transacting in & trading of fuel & transportation services & the direct sale of energy, services to retail customers.
Sector: Utilities
Country: United States