NRG Energy's Q2 Profits Soar by 139.61%: Quarterly Earnings Report
Q2 Revenue Shows Strong Growth: NRG Energy Reports 3.33% Increase
NRG Energy, Inc. [NRG] reported a substantial profit in the second quarter of 2024, ending on June 30th. The company revealed a net income of $738 million, marking a significant increase from the previous quarter.
The company, headquartered in Houston, Texas, reported to SEC in an 8-K filing $3.37 earnings per share in the quarter, compared to $1.25 in the previous quarter.
NRG Energy, a key player in the energy sector, recorded revenue of $6.559 billion in the latest period. This figure represents a 3.33% increase compared to the revenue reported in the previous quarter.
In comparison to the same quarter in the previous year, NRG Energy witnessed a significant decrease in revenue, with a revenue of $14.081 billion reported in the corresponding period. Additionally, the company experienced a substantial percentage change in profit, with a profit of $738 million in the current quarter compared to a profit of $1.249 billion in the same quarter of the previous year.
