Overview
- Revenue reached $7.635 billion versus a $7.482 billion consensus, with adjusted EPS of $2.78 topping the $2.10 expectation.
- Profitability and cash improved, including adjusted EBITDA of $1.205 billion, adjusted net income of $537 million, operating cash flow of $484 million, and $828 million in free cash flow before growth.
- The board approved a $3 billion share repurchase program running through 2028, with $1 billion targeted for 2026, after returning $1.1 billion in buybacks and $258 million in dividends year to date.
- NRG declared a $0.44 quarterly dividend payable Nov. 17 to shareholders of record Nov. 3 and plans to raise the annual payout to $1.90.
- The company reiterated 2025 guidance for adjusted EPS of $7.55–$8.15, adjusted EBITDA of $3.875–$4.025 billion, and free cash flow before growth of $2.10–$2.25 billion, as shares fell about 3.7% to $166.83 following the release.