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NEW YORK - NRG Energy Inc (NYSE:NRG) reported first quarter earnings and revenue that significantly exceeded analyst expectations on Monday.
The company’s shares soared 6.42% in pre-market trading following the release.
The power company posted adjusted earnings per share of $2.68, handily beating the consensus estimate of $1.67. Revenue came in at $8.59 billion, well above expectations of $7.61 billion.
NRG’s strong performance was driven by higher economic gross margins across its segments, particularly in Texas and the East. The company benefited from favorable weather conditions, strong plant performance, and effective supply optimization.
"NRG achieved exceptional financial and operational performance in the first quarter. Every part of our organization operated at a high level to meet customer and market needs amidst the backdrop of increasing power demand," said Larry Coben, Chair, President, and Chief Executive Officer.
Looking ahead, NRG reaffirmed its full-year 2025 guidance, projecting adjusted EPS of $6.75 to $7.75. This outlook remains above the current analyst consensus of $7.47.
The company also announced a strategic acquisition of a 13 GW natural gas generation portfolio from LS Power, which is expected to enhance NRG’s ability to serve customers and drive long-term shareholder value.
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