NRG Energy's (NRG) Q1 Earnings Miss, Revenues Beat Estimates
Zacks Investment Research | May 01, 2019 10:11PM ET
NRG Energy, Inc. (NYSE:NRG) delivered earnings of 34 per share in first-quarter 2019, which missed the Zacks Consensus Estimate of 39 cents by 12.8%. The figure declined 61.8% on a year-over-year basis.
Revenues
NRG Energy generated revenues of $2,165 million in the quarter, which beat the Zacks Consensus Estimate of $2,072 million by 4.5%. The top line increased 5% from the year-ago quarter’s figure.
Highlights of the Release
First-quarter Adjusted EBITDA was $333 million compared with $336 million in the year-ago quarter.
As part of the Transformation Plan, the company realized $131 million of its 2019 cost savings target.
During the quarter, NRG Energy completed $500 million of the $1-billion 2019 share repurchase program.
NRG Energy, Inc. Price, Consensus and EPS Surprise
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