1 Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated herein include, among others, general economic conditions, including increasing interest rates and rising inflation, hazards customary in the power industry, weather conditions and extreme weather events, competition in wholesale power, gas and smart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: June 30, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 41-1724239 (State or other jurisdiction (I.R.S. Employer of incorporation or organizatio ...

财务数据和关键指标变化 - 公司在第二季度实现了819百万美元的经调整EBITDA,同比增长112% [12][33][36] - 得益于电厂运营良好、供应策略优化以及有利的市场环境,公司核心能源业务表现出色,贡献了186百万美元的EBITDA增量 [35][37][66][67] - Vivint Smart Home业务贡献了217百万美元的EBITDA,同比增长14% [39] 各条业务线数据和关键指标变化 - 德克萨斯州业务EBITDA同比增加241百万美元,主要得益于单位边际利润的扩大 [37] - 东西部业务EBITDA同比下降25百万美元,主要受到资产出售和退役的影响 [38] - Vivint Smart Home业务客户数同比增长7%,每客户月度经常性收入增长9% [25] 各个市场数据和关键指标变化 - 德克萨斯州电网经历了创纪录的峰值用电需求,表明该核心市场的负荷增长保持稳健 [15] - 公司电厂运营和风电发电表现符合预期,使得电价相对温和 [16] 公司战略和发展方向及行业竞争 - 公司正在推进能源和智能家居业务的协同,实现交叉销售,2023年增长目标从3000万美元提高到6000万美元 [20][21][22][29] - 公司正在评估德克萨斯州新的市场设计变革,包括绩效积分机制(PCM)和德克萨斯能源基金等,为新的调峰发电项目创造条件 [18][53] - 公司已完成对南德克萨斯核电项目的出售,优化了资产组合,为股东创造价值 [28] 管理层对经营环境和未来前景的评论 - 公司在第二季度保持了优秀的安全表现,并有望实现2023年EBITDA指引的高端目标 [12] - Vivint Smart Home业务整合进展顺利,协同效果初显,未来三年现金流将超过三倍 [26] - 公司将80%的可用资本用于股东回报,包括加快实现投资级信用评级目标和增加2.7亿美元的股票回购计划 [30][31] 问答环节重要的提问和回答 问题1 **Julien Dumoulin-Smith 提问** 询问Vivint业务的客户转化率情况,以及公司在德克萨斯州新发电项目的投资计划 [48][52] **Mauricio Gutierrez 回答** Vivint业务的客户转化率超出预期,达到6%,公司正在评估新发电项目的投资时机,需要更多市场设计方案的细节 [51][53][54] 问题2 **Shar Pourreza 提问** 询问南德克萨斯核电项目出售是否会影响公司的资本配置计划 [62] **Mauricio Gutierrez 回答** 公司相信该项目出售不存在障碍,将按计划执行股票回购和债务减免 [63] 问题3 **Angie Storozynski 提问** 询问公司零售业务的利润率扩张情况 [74][75] **Mauricio Gutierrez 和 Elizabeth Killinger 回答** 公司在德克萨斯州和东部地区的零售业务均实现了利润率的扩张,得益于更好的供给策略和市场波动带来的溢价 [74][98][100]

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------|-------|-------|-------|------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NRG Energy Inc. | | | | | | | | | | | Second Quarter 2023 Earnings Presentation August 08, 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | \| NRG 2Q23 Earnings | | | ...

Draft 4 04/21/2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: March 31, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 41-1724239 (State or other jurisdiction (I.R.S. Employer of incorpor ...

Strong Retail Performance – Ending Quarter at 7.4 MM Home Customers 1 The cash impact of deferred revenue is the net change in the balance sheet from capitalizing proceeds received from installation and equipment and then recognizing those proceeds as revenue on a straight-line basis over the expected period of benefit; 2 Amortization of customer fulfillment costs, which are included in the calculation of Adjusted EBITDA, is the P&L recognition of capitalized contract costs related to the sale and installat ...

Alberto Fornaro Thank you, Mauricio. NRG experienced a good start to the year and delivered strong results during milder-thanexpected weather conditions. We entered the winter season seeing high forward gas and power curves. Moderate weather and relatively geopolitical stability translated into much lower power volumes in Texas and in the East and much lower actual prices in most markets with the exception of California. Additionally, NRG liquidity has significantly improved due to global collateral require ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2022. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to . Commission file No. 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 41-1724239 (State or other jurisdiction of incorporation or ...

Mauricio Gutierrez Okay. Great. Appreciate it. So it's really the core business, yes. Yes, David. So when you think about the reliability and resiliency, I actually -- if you take a step back, and you think about our supply strategy to serve our retail loan, I think about it in 3 big buckets. The first one is the generation that we own, the second one is medium-term PPAs and then the third one is obviously, you complement that with market purchases. Alberto Fornaro Okay. And how much is that? Operator Kevin ...

Business Review | Financial Review | Closing Remarks | Appendix 2022 Business Highlights ($ millions) Adjusted EBITDA • ($115 MM) from limited optimization opportunity in ERCOT • Highlighted in 3Q earnings as lever to maintain guidance which did not fully materialize Adjacent Products & Sales Channels ✓ Adds ~2 million customers ✓ Connects currently isolated services / experiences ✓ Direct customer relationship in all markets Unmatched Data and Solutions ✓ Innovative energy and home solutions ✓ Pricing and ...