NRG Energy, Inc. (NRG) reported that its first quarter 2013 net loss available for common stockholders widened to $330 million or $1.02 per share from $209 million, or $0.92 per share in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter rose to $2.08 billion from $1.86 billion in the prior year quarter. Two analysts had consensus revenue estimate of $1.92 billion for the quarter.
The company reaffirmed its 2013 Adjusted EBITDA guidance in a range of $2.615 billion - $2.815 billion.
The company increased Free cash flow before growth investments guidance for 2013 due to the acceleration of tax refunds and reduced environmental capital expenditures.
Free cash flow before growth investments for fiscal 2013 now expected to be in the range of $1.000 billion - $1.200 billion, compared to prior estimate of $900 million -$1.100 billion.
For comments and feedback: editorial@rttnews.com