{"id":53318,"date":"2017-02-28T16:52:52","date_gmt":"2017-02-28T22:52:52","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=53318"},"modified":"2017-02-28T16:52:52","modified_gmt":"2017-02-28T22:52:52","slug":"nrg-narrows-loss-but-misses-expectations","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/nrg-narrows-loss-but-misses-expectations\/","title":{"rendered":"NRG narrows loss but misses expectations"},"content":{"rendered":"

By Hannah Levitt<\/strong><\/p>\n

NRG Energy Inc. stock remained stable Tuesday although the company missed analysts\u2019 expectations for the fourth quarter of 2016.<\/p>\n

The Princeton, N.J.- and Houston, Texas-based utility\u00a0 reported a net loss of $1.1 billion, or $3.33 per diluted share, for the three months ended Dec. 31. This is 83 percent narrower than its loss of $6.4 billion, or $19.63 per diluted share, in the same period in 2015. Analysts expected a loss of 46 cents, according to Bloomberg.<\/p>\n

\u201cWe are in a much better position today to benefit from market opportunities than we were one year ago,\u201d NRG President and CEO Mauricio Gutierrez said on a conference call. He cited weak commodity markets as a continuing challenge for NRG.<\/p>\n

Morningstar analyst Travis Miller said in an interview that NRG performed well in the fourth quarter despite market conditions.<\/p>\n

<\/p>\n

\u201cWhat we saw in the fourth quarter was a continuation of the theme we\u2019ve seen throughout the year, and that is good cost controls and optimizing the portfolio of businesses that they have,\u201d Miller said.<\/p>\n

Miller pointed to the company’s Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and cash flow as indications of cost control and portfolio optimization.<\/p>\n

NRG reported an Adjusted EBITDA of $492 million for the fourth quarter, slightly lower than $582 million in 2015 due to lower realized energy margins, lower capacity prices and increased spending on customer growth initiatives, according to its press release.<\/p>\n

Cash flow improved due to debt reduction, preferred stock redemption and extension of maturities at lower interest rates, stated the release.<\/p>\n

\"NRG
NRG quarterly diluted earnings per share, 2016 versus 2015. President and CEO Mauricio Gutierrez said on a conference call that 2016 was pivotal because the company successfully worked to reposition its portfolio and generally improve operations. (Hannah Levitt\/MEDILL)<\/figcaption><\/figure>\n

\u201cJust one year ago I made a commitment to simplify our business, to strengthen our platform, and restore confidence in our direction and decision-making,\u201d Gutierrez said. \u201cToday, NRG is in a much better place to continue executing on our multi-year strategic plan to solidify our position as a premier integrated power company.\u201d<\/p>\n

NRG reported a net loss of $891 million, or $2.22 per share, for the full year 2016, 86 percent narrower than its loss of $6.4 billion, or $19.46 per share, in 2015.<\/p>\n

The stock closed at $16.56, down 21 cents or 1.3 percent.<\/p>\n

Photo at top: A gas stove in Chicago. NRG produces power from natural gas, coal, solar, wind, nuclear and distributed generation. (Hannah Levitt\/MEDILL)<\/div>\n","protected":false},"excerpt":{"rendered":"

By Hannah Levitt NRG Energy Inc. stock remained stable Tuesday although the company missed analysts\u2019 expectations for the fourth quarter of 2016. The Princeton, N.J.- and Houston, Texas-based utility\u00a0 reported a net loss of $1.1 billion, or $3.33 per diluted share, for the three months ended Dec. 31. This is 83 percent narrower than its […]<\/p>\n","protected":false},"author":384,"featured_media":53323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,3516],"tags":[],"class_list":["post-53318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-winter-2017"],"yoast_head":"\nNRG narrows loss but misses expectations - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/nrg-narrows-loss-but-misses-expectations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NRG narrows loss but misses expectations - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Hannah Levitt NRG Energy Inc. stock remained stable Tuesday although the company missed analysts\u2019 expectations for the fourth quarter of 2016. 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