NRG Energy reports quarterly earnings

NRG Energy, Inc. (NYSE: NRG) today reported Adjusted EBITDA of $812 million in its first quarter 2016 financial results. First quarter cash flow from operations totaled $554 million. Net income for first quarter 2016 was $47 million, or $0.24 per diluted common share compared to net loss of $136 million, or $0.37 per diluted common share for first quarter 2015.

“NRG’s strong financial and operational performance continued despite a weak weather and commodity market environment, validating our integrated competitive power platform,” said Mauricio Gutierrez, NRG President and Chief Executive Officer. “Combining renewable and fossil generation with an industry-leading retail platform, along with our robust partnership with NRG Yield, provides strength and stability while allowing us to maintain upside to a market recovery. Today, we are also pleased to announce the conclusion of the GreenCo process with the agreement to sell a majority share of EVgo and the restructuring and simplification of the residential solar business.”