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NRG Energy Inc (NRG)

NRG on New York Consolidated

29.22USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

NRG Energy announces cash tender offer for any and all of its outstanding 6.625 pct senior notes due 2023
Thursday, 9 Nov 2017 07:43am EST 

Nov 9 (Reuters) - Nrg Energy Inc :Announces cash tender offer for any and all of its outstanding 6.625 pct senior notes due 2023.‍Commenced tender offer to purchase about $869.2 million outstanding principal amount of its 6.625 pct senior notes due 2023​.  Full Article

NRG Energy announces proposed offering of senior notes
Thursday, 9 Nov 2017 07:43am EST 

Nov 9 (Reuters) - Nrg Energy Inc :Announces proposed offering of senior notes.‍Intends to commence an offering of $870 million in aggregate principal amount of senior notes due 2028​.‍To use proceeds from offering to repurchase any or all of about $869.2 million outstanding of 6.625 pct senior notes due 2023​.  Full Article

NRG Energy Inc qtrly earnings per share $0.53 ‍​
Thursday, 2 Nov 2017 07:03am EDT 

Nov 2 (Reuters) - NRG Energy Inc ::NRG energy inc - qtrly earnings per share $0.53 ‍​.NRG energy inc - qtrly ‍​total operating revenues $3,049 million versus $3,421 million.Nrg energy inc sees ‍2017 adjusted ebitda $2,400 million - $2,500 million ​.Nrg energy inc sees ‍2017 free cash flow before growth investments $1,175 million - $1,275 million ​.Nrg energy inc sees 2018 ‍adjusted ebitda $2,800 million - $3,000 million​.Nrg energy inc - sees 2018 free cash flow before growth investments $1,550 million to $1,750‍​ million.  Full Article

MCKESSON SIGNS AGREEMENT WITH NRG TO INSTALL SOLAR ARRAYS AT MCKESSON FACILITY
Monday, 30 Oct 2017 08:30am EDT 

Oct 30 (Reuters) - Mckesson ::MCKESSON SIGNS AGREEMENT WITH NRG TO INSTALL SOLAR ARRAYS AT MCKESSON FACILITY.‍AS PART OF SOLAR POWER PURCHASE AGREEMENT, SOLAR ARRAYS WILL BE INSTALLED AT MCKESSON DISTRIBUTION CENTER IN ROBBINSVILLE, NEW JERSEY​.ENTERED LONG-TERM AGREEMENT WITH NRG TO PURCHASE SOLAR POWER FROM SOLAR ARRAYS THAT NRG WILL INSTALL AT A MAJOR MCKESSON FACILITY​.‍NRG WILL WORK WITH CO TO DELIVER PROJECT FROM INITIAL PLANNING TO FINAL INSTALLATION, WHICH IS ESTIMATED TO BE FULLY OPERATIONAL IN 2018​.  Full Article

NRG Energy announces redemption of its outstanding senior notes
Thursday, 14 Sep 2017 07:30am EDT 

Sept 14 (Reuters) - Nrg Energy Inc :NRG Energy Inc announces redemption of its outstanding 7.625 percent senior notes due 2018 and its outstanding 7.875 percent senior notes due 2021.NRG Energy Inc - ‍redemption price for 2021 notes will be 102.625 percent of principal amount of 2021 notes​.  Full Article

Elliott reduces its stake in NRG Energy to about 4.4 pct
Thursday, 24 Aug 2017 05:29pm EDT 

Aug 24 (Reuters) - NRG Energy Inc :Elliott Associates and affiliates report they have combined economic exposure in NRG Energy Inc <<>> Of about 4.4 percent of shares of common stock outstanding.‍Elliott Associates and affiliates previously held a combined stake of 6.9 percent in NRG Energy inc as of Feb 13.Elliott Associates says it is pleased with NRG Energy's decision to rationalize its portfolio and pursue aggressive cost savings.  Full Article

NRG Energy Inc posts Q2 ‍loss of $0.05​ per share
Thursday, 3 Aug 2017 06:27am EDT 

Aug 3 (Reuters) - Nrg Energy Inc :Reports q2 results and reaffirms 2017 financial guidance.Qtrly ‍loss per share $0.05​.Reached agreement with creditors to restructure Genon Energy, Inc. and its subsidiaries through consensual bankruptcy process.Launched plan targeting cost savings, asset sales and debt reduction.Expects $4.8 billion to $6.3 billion in excess cash to be available for allocation through 2020​.Qtrly total operating revenues $2,701 million versus $2,248 million.Expects to fully implement transformation plan by end of 2020, with significant completion by end of 2018​.Q2 earnings per share view $-0.09, revenue view $3.32 billion -- Thomson Reuters I/B/E/S.Under transformation plan, co expects to realize $370 million non-recurring working capital improvements through 2020​.Targeting $2.5-$4.0 billion of asset sale net cash proceeds, including divestitures of 6 gws of conventional generation and businesses.Under transformation plan, co also expects to realize approximately $290 million in one-time costs.A prioritized capital allocation strategy that targets reduction in consolidated total (net) debt from $19.5 billion to $6.5 billion.In connection with disposal of genon, nrg has recorded a loss on disposal of $208 million during three months ended june 30, 2017​.  Full Article

NRG Energy Inc - ‍transformation plan targets removal of $13 bln debt
Wednesday, 12 Jul 2017 07:00am EDT 

July 12 (Reuters) - NRG Energy Inc :NRG Energy launches transformation plan.NRG Energy Inc- ‍business review committee (brc) unanimously recommended transformation plan​.NRG Energy Incsays transformation plan target inculde $2.5-$4.0 billion targeted asset sale net cash proceeds.NRG Energy Inc says NRG is well underway in a process to explore strategic alternatives for its interest in nrg yield and renewables platform.NRG Energy Inc- ‍transformation plan targets pro forma annual adjusted ebitda of $1.845 billion​.NRG Energy Inc- ‍transformation plan targets removal of $13 billion total debt from balance sheet​.Sees 2017 adjusted ebitda $2,565 million - $2,765 million.NRG Energy Inc- ‍transformation plan targets $855 million recurring annual free cash flow before growth (FCFBG) accretive improvements​.Sees 2017 cash from operations $1,760 million - $1,960 million.NRG Energy Inc says in the transformation plan​ "‍majority of targets and results are achievable by end of 2018".Sees 2017 free cash flow before growth investments $1,290 million - $1,490 million.NRG-Maintaining guidance for fy 2017 adjusted ebitda and fcfbg investments and adjusting for deconsolidation of genon & impact of transformation plan.NRG Energy -‍ plan expects to realize $370 million non-recurring working capital improvements through 2020, about $290 million in one-time costs to achieve​.  Full Article

Genon Americas Generation says on June 29 debtors filed joint plan of reorganization
Friday, 30 Jun 2017 08:09am EDT 

June 30 (Reuters) - Genon Americas Generation Llc [RIC:RIC:GENXG.UL]::Genon Americas Generation LLC - on June 29 debtors filed joint plan of reorganization pursuant to chapter 11 of bankruptcy code - SEC filing.Genon - ‍debtors filed joint plan of reorganization with bankruptcy court consistent with agreement previously entered into by debtors with NRG Energy.  Full Article

NRG Energy says Genon and its subsidiaries will be deconsolidated from NRG's financial statements
Tuesday, 20 Jun 2017 05:15pm EDT 

June 20 (Reuters) - NRG Energy Inc :NRG has determined that the disposal of Genon is a discontinued operation.NRG has determined that Genon and its subsidiaries will be deconsolidated from NRG's financial statements - SEC filing.NRG will record its investment in Genon under cost method with an estimated fair value of zero.NRG expects to record a loss on discontinued operations of about $710 million during three months ended June 30, 2017.  Full Article

BRIEF-NRG completes agreements with Chemphys for strategic alliance

* NRG completes agreements with Chemphys for strategic alliance, raises a total of CAD$1,215,000 by private placement Source text for Eikon: Further company coverage: