Sector: Utilities|Industry: Utilities - Independent Power Producers|Market Cap: $19.95B|Employees: 18.1K
NRG Energy, Inc. is a leading energy and home services company operating in the U.S. and Canada. The company's core business involves the sale of electricity and natural gas to residential, commercial, industrial, and wholesale customers, supported by its own power generation assets. NRG also provides smart home products and services through its Vivint brand. The company holds a significant market position in Texas and nationwide.
The filing shows revenue increasing from $6,348 million to $6,659 million for the three months ended June 30, 2023 and 2024, respectively. The increase is primarily driven by the retail segment, indicating strength in the company's core business.
Net income increased from $308 million to $738 million for the three months ended June 30, 2023 and 2024, respectively. This substantial increase suggests improved profitability and operational efficiency.
The filing shows a loss on debt extinguishment of $202 million for the three months ended June 30, 2024. This significant expense negatively impacts the company's net income.