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NRG Energy, Inc. Reports Second Quarter Results
Date£º2014/8/12
August 7, 2014 - NRG Energy, Inc. today reported second quarter 2014 Adjusted EBITDA of $671 million with Wholesale contributing $389 million, Retail contributing $173 million and NRG Yield contributing $109 million. Year-to-date adjusted cash flow from operations totaled $564 million. Net loss for the first six months of 2014 was ($153) million, or ($0.48) per diluted common share compared to net loss of ($208) million, or ($0.66) per diluted common share for the first six months of 2013.
"The company's core wholesale and retail business continue to perform strongly, taking advantage of whatever opportunities have presented themselves in their respective commodity markets," said David Crane, NRG's President and Chief Executive Officer. "The formation of NRG Home and NRG Renew will enable NRG to take full advantage of, and realize enhanced value from, the burgeoning growth opportunities that we see arising out of the clean energy sector."
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