NRG ENERGY Reports Second Quarter FY2023 Earnings on June 30, 2023

☀️Earnings Overview

NRG ($NYSE:NRG) Energy reported total revenue of USD 6348.0 million for the second quarter of FY2023, reflecting a 12.8% decrease from the same quarter in the previous year. Net income was USD 308.0 million, down 40.0% year-over-year. The results were announced on June 30, 2023.

Market Price

On Tuesday June 30, 2023 NRG ENERGY reported their second quarter FY2023 earnings. At the opening of trading, NRG ENERGY’s stock was priced at $37.4, however, it closed at $36.8, down 2.0% from the prior closing price of 37.5. Despite this slight decline, NRG ENERGY investors still have faith that the company is likely to be successful in the future.

Overall, the results from the second quarter FY2023 earnings were positive and demonstrate that NRG ENERGY is continuing to be successful. The company is likely to continue to expand and develop new products and services, which should benefit investors in the long run. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nrg Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nrg Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nrg Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Nrg Energy are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of the fundamentals of NRG ENERGY. Based on our Risk Rating, NRG ENERGY is a high risk investment when it comes to financial and business aspects. We have detected three risk warnings in NRG ENERGY’s income sheet, balance sheet, and financial journal. As a registered user of GoodWhale, you can check out these three risks and decide if NRG ENERGY is a good fit for your portfolio. More…

Peers

NRG Energy Inc is an American energy company that is engaged in the production and sale of electricity and natural gas to residential, commercial, and industrial customers in the United States. The company operates through three segments: Electric, Gas, and Renewables. The Electric segment generates and sells electricity to customers in Texas. The Gas segment purchases, transports, and sells natural gas to customers in Texas. The Renewables segment develops, owns, and operates solar, wind, and other renewable energy projects in the United States. NRG Energy Inc has a market capitalization of $11.6 billion and its competitors include Vistra Corp, American Electric Power Co Inc, Sempra Energy.

– Vistra Corp ($NYSE:VST)

Vistra Corp is a electric company based in Irving, Texas. The company operates in three segments: Retail Electricity, Wholesale Electricity, and Corporate and Other. Vistra Corp has a market cap of 8.96B as of 2022 and a Return on Equity of -7.45%. The company has been struggling lately, with its stock price down more than 50% from its 52-week high.

– American Electric Power Co Inc ($NASDAQ:AEP)

American Electric Power Company, Inc. (AEP) is a public utility holding company that engages in the generation, transmission, and distribution of electricity in the United States. The company has a market capitalization of $43.12 billion and a return on equity of 10.57%. AEP is one of the largest electric utilities in the United States, serving over five million customers in 11 states. The company operates through three segments: Transmission & Distribution, Generation & Marketing, and AEP Ohio. Transmission & Distribution is the largest segment, accounting for approximately 60% of AEP’s total revenue.

– Sempra Energy ($NYSE:SRE)

Sempra Energy is a Fortune 500 energy services holding company based in San Diego, California. Sempra Energy’s businesses include Sempra Utilities, Sempra International, Sempra Renewables and Sempra LNG. Sempra Energy has more than 20,000 employees worldwide.

Sempra Energy’s market cap as of 2022 is $43.92B. The company’s ROE is 3.29%. Sempra Energy is a holding company for energy services businesses, including utilities, international energy, renewables, and liquefied natural gas. The company has operations in the United States, Mexico, South America, Europe, and Asia.

Summary

Investors should take note of NRG Energy‘s second quarter FY2023 earnings, which saw a decrease in total revenue of 12.8% and a decrease in net income of 40.0% from the same quarter last year. This is an indication that NRG Energy’s performance has been lagging and that investors should carefully analyze the reasons for this before deciding to invest in the company. The company should also take proactive steps to improve profitability and build a more resilient business, such as by expanding into new markets, launching new products, and increasing operational efficiency.