WASHINGTON (dpa-AFX) - NRG Energy, Inc. (NRG), an energy provider, on Wednesday reported net loss for the full year as a result of unrealized non-cash mark-to-market losses on economic hedges due to large movements in natural gas and power prices.
For the 12 months, the company registered net loss of $256 million or $1.12 per share, compared with profit of $1.221 billion or $5.17 per share last year.
Pre-tax loss was at $213 million, compared with profit of $1.663 billion in 2022.
Operating income dropped to were $384 million from $2.018 billion in the previous year.
Excluding items, EBITDA surged to $3.282 billion from last year's $1.865 billion.
Revenue was $28.823 billion, down from $31.543 billion last year.
Looking ahead to the full year, the company has reaffirmed its net profit outlook of $750 million to $1 billion, with adjusted EBITDA of $3.300 billion to $3.550 billion.
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