NRG Energy Discloses Long-Term Outlook & Increased Share Buyback Authorization
Portfolio Pulse from Lekha Gupta
NRG Energy provided an update on its consumer services strategy, capital allocation framework, and operating efficiency initiatives. The company expects incremental free cash flow of $300 million by 2025 and cumulative capital returns of $6.9 billion to stockholders through 2027. NRG raised its share repurchase authorization to $2.7 billion and expects long-term annual dividend per share growth of 7% to 9%.
June 22, 2023 | 1:17 pm
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NRG Energy expects incremental free cash flow of $300 million by 2025 and cumulative capital returns of $6.9 billion to stockholders through 2027. The company raised its share repurchase authorization to $2.7 billion and expects long-term annual dividend per share growth of 7% to 9%.
NRG Energy's updated strategy and increased share repurchase authorization signal a positive outlook for the company. The expected incremental free cash flow and cumulative capital returns to stockholders are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100