Record-Breaking Adjusted EBITDA
NRG Energy delivered the strongest first quarter adjusted EBITDA in company history, surpassing last year's record by 30%.
Significant Acquisition Announcement
NRG announced the acquisition of a portfolio of assets from LS Power, including 13 gigawatts of natural gas generation and a 6 gigawatt commercial and industrial Virtual Power Plant platform.
Increased Financial Growth Outlook
NRG raised its five-year adjusted EPS compound annual growth rate to 14%, a 40% increase to the base plan.
Strong First Quarter Financial Performance
Adjusted EPS for the first quarter was $2.68, an 84% increase compared to the first quarter of last year.
Capital Return to Shareholders
NRG completed $445 million in share repurchases through April, with $855 million remaining to be completed through the end of 2025.
Expansion of Generation Capacity
The acquisition more than doubles the size of NRG's generation fleet, creating a pro forma portfolio of 25 gigawatts of owned capacity.