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NRG tops analyst estimates with Q1 adjusted EBITDA from SNL Energy Finance Daily NRG tops analyst estimates with Q1 adjusted EBITDAByline: Nephele Kirong NRG Energy Inc. on May 7 reported 2020 first-quarter adjusted EBITDA of $349 million, an increase from $333 million in the same period of 2019. The S&P Global Market Intelligence consensus adjusted EBITDA for the most recent quarter was $335.3 million. Cash provided by continuing operations totaled $208 million in the first quarter of 2020, compared with cash used by continuing operations of $99 million in the prior-year period. Free cash flow before growth investments increased year over year to $167 million from $10 million. Income from continuing operations totaled $121 million, compared with $94 million in the year-ago quarter. "Our platform performed well during the first quarter, demonstrating resiliency and stability amid the COVID-19 pandemic," said President and CEO Mauricio Gutierrez. "We are prepared for the upcoming summer and remain focused on protecting employee safety and well-being while maintaining safe and reliable operations and customer service during this period of volatility." NRG reaffirmed 2020 guidance of $1.90 billion to $2.10 billion for adjusted EBITDA, $1.45 billion to $1.65 billion for adjusted cash from operations and $1.28 billion to $1.48 billion for free cash flow before growth investments. |
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