NRG's Outlook Updated After 2Q Results

NRG Energy Inc. (NYSE: NRG) reported a 2Q with adjusted EBITDA of $693M ahead of the $519M forecast by Goldman Sachs, and NRG has raised its adjusted guidance for FY2010 to from $2.2B to $2.45-2.55B.

Goldman has raised its 2010/2011 EPS estimates from $2.12/2.14 to $2.99/2.45 to reflect the significant operating EPS of $0.54 in 2Q.

Goldman has lowered 2012/2013/2014 EPS estimates from $2.62/2.34/1.86 to $2.51/2.26/1.69 and also reduces its long-term outlook for Northeast segment, which has been driven by higher depreciation expenses and operating income lowered $47M/year.

Goldman Sachs has suspended its rating for NRG Energy Inc, which closed yesterday at $20.26.

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