NYSE$NRG

NRG Energy Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported full year results and maintained 2022 guidance.

NRG Energy, Inc. reported full year 2021 Net Income of $2.2 billion, or $8.93 per diluted common share. The company is reducing its expected Winter Storm Uri financial loss to $380 million. NRG is maintaining its Adjusted EBITDA, Adjusted Cash from Operations, and Free Cash Flow Before Growth Investments (FCFbG) guidance for 2022.

  • 2021 financial results in line with guidance
  • Reduced Winter Storm Uri financial impact to $380 million
  • Closed 4.8 GW asset sale and corresponding $500 million debt reduction
  • Executing $1 billion 2022 share repurchase program

Headline financials

Total Revenue

$7.05B

Previous: $2.03B+247.6%
EPS (adj)

-$1.74

Previous: -$0.70-148.6%
Adjusted EBITDA

$433M

Previous: $330M+31.2%
Capital Expenditures

$50M

Previous: $63M-20.6%
Free Cash Flow

$349M

Previous: $387M-9.8%
Net Income

-$427M

Previous: $510M-183.7%
Operating Income

-$479M

Previous: $1.11B-143.3%
Gross Profit

$60M

Previous: $412M-85.4%
Cash & Equivalents

$250M

Previous: $3.91B-93.6%
Total Assets

$23.2B

Previous: $14.9B+55.6%
Stock-Based Comp

$5M

Previous: $5M+0.0%

Revenue & EPS history

NRG Energy · Revenue · Quarterly

$7.05B

Q4 2021+247.6%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

NRG Energy · $1.93B total across 1 segment · Q4 2021

  • Texas
    $1.93B+39.8%

Forward guidance

NRG is maintaining its Adjusted EBITDA, Adjusted Cash from Operations, and Free Cash Flow Before Growth Investments (FCFbG) guidance for 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.6%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.3%

Avg return

30 days after

44%

32 / 72 earnings

Positive

+26.3%

Q1 2025

Best reaction

-10.1%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-13.0%-17.9%
Q4 2025-1.6%+1.4%-17.2%
Q3 2025-2.3%-6.0%-5.9%
Q1 2025+26.3%+33.4%+24.9%
Q4 2024+10.6%-2.1%-7.1%
Q3 2024-2.2%-4.1%+3.0%
Q2 2024+11.4%+13.6%+6.2%
Q1 2024-2.7%+7.4%-0.1%
Q4 2023+2.4%+6.8%+25.3%
Q3 2023+2.6%+3.6%+10.3%
Q2 2023-0.8%-2.3%+2.2%
Q1 2023-6.5%-6.4%-0.4%
Q4 2022-4.5%-4.9%-12.1%
Q3 2022-0.2%+2.4%-25.3%
Q2 2022+2.9%+2.6%+11.0%
Q1 2022+9.9%+10.8%+20.6%
Q4 2021+3.1%-0.8%+0.5%
Q3 2021-9.3%-12.8%-8.6%
Q2 2021+5.2%+3.4%+8.8%
Q1 2021-0.5%-0.7%-3.0%
Q4 2020+7.6%+9.1%+3.3%
Q3 2020-4.5%-0.3%+5.5%
Q2 2020+2.1%+4.0%-0.5%
Q1 2020-0.0%-2.2%+12.0%
Q4 2019-5.2%-5.0%-15.7%
Q3 2019-2.9%-2.1%-2.8%
Q2 2019+3.5%+0.0%+11.2%
Q1 2019-2.7%-4.7%-16.1%
Q4 2018+2.9%+1.8%+3.6%
Q3 2018-0.3%+2.6%+5.5%
Q2 2018+2.2%+7.2%+10.9%
Q1 2018+9.3%+11.2%+11.3%
Q4 2017+7.8%+13.0%+18.1%
Q3 2017+11.2%+14.4%+12.5%
Q2 2017-0.1%-0.9%+1.4%
Q1 2017-10.1%-9.8%+0.5%
Q4 2016+0.5%+3.2%+9.5%
Q3 2016+12.3%+18.8%+11.0%
Q2 2016-5.7%-5.9%-8.1%
Q1 2016+6.2%
Q4 2015+1.6%
Q3 2015+0.7%
Q2 2015-10.1%
Q1 2015+4.1%
Q4 2014-5.6%
Q3 2014+9.0%
Q2 2014-1.6%
Q1 2014+3.9%
Q4 2013-0.2%
Q3 2013-2.8%
Q2 2013-3.5%
Q1 2013-1.5%
Q4 2012+0.7%
Q3 2012-2.6%
Q2 2012+6.9%
Q1 2012-6.9%
Q4 2010-2.8%
Q4 2011-2.8%
Q3 2011+2.5%
Q2 2011-6.3%
Q1 2011-0.9%
Q4 2007-5.2%
Q3 2010+0.3%
Q2 2010-2.2%
Q1 2009-3.0%
Q1 2010+1.8%
Q4 2009-5.2%
Q3 2008+1.3%
Q3 2009+1.3%
Q2 2008-1.2%
Q4 2008-1.2%
Q2 2009-1.2%

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