NRG Yield (NYLD) Misses Q3 EPS by 9c

NRG Energy, Inc. Reports Third Quarter Results and Initiates 2017 Financial Guidance

November 4, 2016 6:47 AM EDT

Key Highlights

Increasing and narrowing 2016 Adjusted EBITDA guidance, and initiating 2017 Adjusted EBITDA and Free Cash Flow before Growth (FCFbG) guidance Repurchased $440 million1 of corporate debt since second quarter 2016; total of $1.0 billion of corporate debt retired since third quarter 2015 generating approximately $78 million2 of net annualized interest savings Acquisition of 1.5 GWac3 (2.1 GWdc) of utility-scale and 29 MWac distributed renewable generation from SunEdison

PRINCETON, N.J.--(BUSINESS WIRE)-- NRG Energy, Inc. (NYSE: NRG):

Financial Results

    Three Months Ended   Nine Months Ended ($ in millions) 9/30/16   9/30/15 9/30/16   9/30/15 Net Income/(Loss) $ 393 $ 67 $ 164 $ (78 ) Cash From Operations $... More