On August 4, NRG Energy Inc fell 5.12% in regular trading, trading at $126.81/share, with turnover of $130 million.
The decline was triggered by the company's pre-market Q2 earnings release, which showed adjusted EPS of $1.49, significantly missing the analyst consensus estimate of $1.69-$1.72 by more than 13%. Revenue of $7.481 billion beat the $7.312 billion estimate, and GAAP net income reached $506 million, swinging from a $104 million loss year-over-year. However, interest expense losses ballooned to $310 million from $148 million a year ago, largely due to the LS Power asset acquisition. Adjusted EBITDA came in at $1.217 billion.
The company maintained its full-year adjusted EPS guidance range of $7.90-$9.90, with the midpoint roughly in line with the FactSet consensus of $9.21, offering no incremental upside catalyst. On the positive side, management disclosed that its Texas hyperscale data center project could expand from 1.2GW to 2.4GW, with the initial phase expected to generate at least $500 million in annualized adjusted EBITDA.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments