HOUSTON (AP) — NRG Energy Inc. NRG) on Monday reported earnings of $750 million in its first quarter. The Houston-based company said it had net income of $3.61 per share.
HOUSTON, May 12, 2025--NRG Energy, Inc. (NYSE: NRG) today reports GAAP Net Income of $750 million for the three months ended March 31, 2025. GAAP EPS — basic is $3.70, Cash Provided by Operating Activities is $855 million, Adjusted Net Income is $531 million, Adjusted EPS is $2.68, Adjusted EBITDA is $1,126 million, and Free Cash Flow before Growth Investments (FCFbG) is $293 million for the first quarter of 2025.
Your day-ahead look for May 12, 2025
(Reuters) -NRG Energy said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion, as the U.S. utility bets on surging electricity demand, sending shares up more than 24% to hit an all-time high of $148.30. With U.S. power demand set to hit record highs in 2025, fueled by the explosive growth of AI and crypto-driven data centers as well as rising consumption in homes and businesses, NRG is doubling down on its generation capacity. "We are in the early stages of a power demand supercycle," CEO Larry Coben said.
A confusing mix of trade policy shifts and opaque economic data has left financial markets and the Federal Reserve searching for solid ground. * The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs for now as the world's two biggest economies seek to end a trade war that has disrupted the global outlook and set financial markets on edge. * U.S. President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.
Stocks were headed for big gains on Monday after the U.S. and China said that they had reached a deal to slash tariffs on each other’s goods. S&P 500 futures jumped 3%, and contracts tied to the tech-heavy Nasdaq 100 surged 3.9%. The U.S. said it would lower its "reciprocal" tariffs on most Chinese goods to 10% from 125%.
Most investors just aren't seeing this e-commerce company's bigger picture.
SOUTH SAN FRANCISCO, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- CytomX Therapeutics, Inc. (NASDAQ:CTMX), a leader in the field of masked, conditionally activated biologic therapeutics, today announced the pricing of an underwritten offering of 76,923,076 shares of its common stock at an offering price of $1.30 per share, before underwriting discounts and commissions. All of the shares are being offered by the Company. The gross proceeds from the offering are expected to be approximately $100 milli
Transaction expected to provide Gryphon stockholders equity in a public vehicle with the goal of building the world's largest, most efficient pure-play Bitcoin miner alongside a robust strategic Bitcoin reserve LAS VEGAS, NEVADA / ACCESS Newswire ...
The China deal, like the U.K. deal, still leaves the U.S. with much higher barriers to trade than it had before.