NRG Energy Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income for the three months ended September 30, 2009, of $278 million, or $1.02 per diluted common share, compared to $778 million, or $2.81 per diluted common share, for the third quarter last year. The current quarter benefited from Reliant Energy's results which contributed $393 million in pre-tax income, while the third quarter results in 2008 benefited from $824 million of pre-tax net mark-to-market gains on asset-backed hedges. Adjusted EBITDA, excluding MtM impacts, was a record of $906 million for the third quarter of 2009 compared to $682 million in the third quarter of 2008. The $224 million quarter-over-quarter increase was driven by Reliant Energy's adjusted EBITDA contribution of $306 million partially offset by an $82 million decrease in the wholesale portfolio results. For the quarter, the company has posted income attributable to shareholders of company of $272 million, or $1.02 per diluted common share on total operating revenue of $2,916 million, compared to income attributable to shareholders of company of $765 million, or $2.81per diluted common share on total operating revenue of $2,612 million for the same period a year ago. Income from continuing operations were $278 million compared to $778 million for the same period a year ago. Operating income was $611 million compared to $1,371 million for the same period a year ago. Income from continuing operations before income taxes was $444 million compared to $1,280 million for the same period a year ago. Net income for the first nine months of 2009 was $909 million, or $3.29 per diluted common share, compared to $954 million, or $3.41 per diluted common share, for the same period last year. Adjusted EBITDA for the first nine months of 2009 was a record $2,129 million compared to $1,889 million over the same period in 2008. This $240 million increase was driven by Retail Energy's contribution of $536 million offset by a $296 million decline in the performance of the wholesale portfolio, primarily in the Texas and South Central regions. Cash flow from operations was $1,280 million for the nine months ended September 30, 2009, a $194 million increase from the same period in 2008. This increase was attributable to the financial performance from Reliant Energy. For the nine months, the company has posted income attributable to shareholders of company of $882 million, or $3.29 per diluted common share on total operating revenue of $6,811million, compared to income attributable to shareholders of company of $913 million, or $3.41 per diluted common share on total operating revenue of $5,230 million for the same period a year ago. Income from continuing operations were $908 million compared to $782 million for the same period a year ago. Operating income was $1,845 million compared to $1,678 million for the same period a year ago. Income from continuing operations before income taxes was $1,522 million compared to $1,285 million for the same period a year ago. Net cash provided by operating activities was $1,280 million compared to $1,086 million for the same period a year ago. Capital expenditures were $560 million compared to $649 million for the same period a year ago. The company revised earnings guidance for the full year 2009. Full year 2009 Adjusted EBITDA guidance is estimated to be $2,575 million for the year, a $75 million increase from the guidance issued on July 30, 2009. The company provided earnings guidance for the full year 2010. NRG is initiating 2010 Adjusted EBITDA and Cash Flow from Operations guidance at $2,200 million and $1,350 million, respectively.

NRG Energy, Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).

NRG Energy Inc. announced that Chief Financial Officer, Robert C. Flexon, is leaving NRG, effective November 2, to assume the position of President and Chief Executive Officer of Foster Wheeler USA Corporation, on November 16. Flexon has served on the Foster Wheeler AG Board of Directors since 2006. NRG's Board of Directors has named Gerald Luterman interim Chief Financial Officer (CFO) while the company conducts an internal and external search for a new CFO. Luterman, who currently sits on the NRG Board of Directors and its Audit Committee, served for eight years as CFO of KeySpan Corporation.