Filing Flows › NRG Energy (NRG) › Q4 2024
NRG Energy (NRG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
NRG Energy (NRG) reported revenue of $6.8B for the fourth quarter 2024 (Q4 2024), +0.2% from a year earlier and -6% from the quarter before. Operating margin was 14.0%, net earnings $643M (9.4% of revenue).
NRG Energy, Q4 2024: revenue $6.8B (+0.2% year over year), operating margin 14.0%, net earnings $643M, operating cash flow $952M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | -6% | +0.2% |
| Operating profit | $954M | — | +14% |
| Net earnings | $643M | — | +33% |
| Operating cash flow | $952M | 31× | +295% |
| Free cash flow | $766M | — | +463% |
What changed
Revenue was $6.8B in Q4 2024, roughly flat year over year and down 6% from the previous quarter.
Operating profit was $1.0B, a 14.0% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 975% reached operating profit, above the 12% margin then. Total costs fell 2% while revenue was flat. Net earnings were $0.64B, up 33% year over year. The effective tax rate was 10.1%.
Operating cash flow was $1.0B (up 295% year over year), 148% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.19B left free cash flow of $0.77B.
Questions
What was NRG Energy's revenue in the fourth quarter 2024?
NRG Energy (NRG) reported revenue of $6.8B for the fourth quarter 2024 (Q4 2024), +0.2% from a year earlier and -6% from the quarter before.
Was NRG Energy profitable in the fourth quarter 2024?
Operating profit was $954M (14.0% of revenue) and net earnings $643M.
Source: NRG Energy 10-K on SEC EDGAR.