Energy Choice
                            

Matters

NRG Reports Lower Retail Adjusted EBITDA On Higher Supply Costs

Reports On Contribution From Margin Enhancement Program

Reports Retail Customer Growth

May 2, 2019

Email This Story
Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

In reporting earnings for the quarter ending March 31, 2019, NRG reported that its Retail segment posted Adjusted EBITDA was $153 million, $35 million lower than first quarter 2018 ($188 million), driven by higher supply costs, partially offset by cost reduction and margin enhancement initiatives, as well as the acquisition of XOOM.

NRG said that its Margin Enhancement program provided $20 million in uplift in the first quarter toward the $135 million 2019 target.

NRG reported Q1 2019 its Retail Mass Recurring Customer count as 3,325,000, versus 2,878,000 a year ago. As of December 31, 2019, NRG's Retail Mass Recurring Customer has been reported as 3.3 million (rounded).

NRG Retail delivered volumes in Q1 2019 were 15.3 TWh, versus 14.7 TWh a year ago

The Retail segment's Income from Continuing Operations was $111 million for Q1 2019, versus $944 million a year ago, reflecting the impact of mark to market (MtM) gains/losses on economic hedges in each quarter

The Retail segment's Economic Gross Margin was $372 million for the first quarter of 2019, versus $376 million a year ago

The Retail segment's Operating revenues were $1.607 billion for the first quarter of 2019, versus $1.486 billion a year ago

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Retail Energy Operations Analyst
• NEW! -- Retail Energy Operations Specialist
• NEW! -- Account Manager, Energy Choice
• NEW! -- Business Development Manager