NRG Energy Posts Loss In Q4; Backs 2014 Outlook; Ups Dividend - Quick Facts

(RTTNews) - Electric utility NRG Energy, Inc. (NRG) announced a $290 million, or $0.90 per share of net loss in the fourth quarter 2013, versus an income of $252 million or $1.02 per share last year, driven by the recent quarter's impairment losses and fourth quarter 2012 bargain purchase gain.

For the latest quarter, adjusted EBITDA totaled $669 million and adjusted cash flow from operations amounted to $550 million.

Looking ahead to 2014, the firm confirmed its guidance for adjusted EBITDA of $2.7 billion - $2.9 billion.

Further, NRG announced a 17% increase in its annual dividend from $0.48 to $0.56 per share, a total increase of 56% from $0.36 per share in 2012, beginning with next scheduled payment.