The company said net income for Q2 2024 was $738 million ($308 million in the same quarter last year), and Adjusted EBITDA was $935 million ($819 million a year earlier). Cash provided by operating activities was $1,056 million, and FCFbG was $663 million.

1. 01

   The company said net income for Q2 2024 was $738 million ($308 million in the same quarter last year), and Adjusted EBITDA was $935 million ($819 million a year earlier). Cash provided by operating activities was $1,056 million, and FCFbG was $663 million.

2. 02

   NRG said Adjusted EBITDA for Texas in Q2 fell to $452 million ($504 million a year earlier), while East rose to $209 million ($77 million a year earlier). The company cited asset sales in 2023 and its preventative maintenance program as factors behind the Texas decline.

3. 03

   The company said it had used $176 million of its $825 million annual share repurchase target as of July 31, 2024. It said it repurchased $251 million of 2.75% Convertible Senior Notes due 2048 in Q2, bringing the cumulative repurchase amount to $343 million, and repaid $600 million in principal of 3.75% Senior Secured First Lien Notes due 2024.

4. 04

   NRG said it entered into a definitive agreement on August 3, 2024 to sell its Airtron HVAC business for $500 million. The company said the deal is at a 8.6x multiple of 2023 Adjusted EBITDA and expects it to close by the end of 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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