Exhibit 99.1

NRG Energy, Inc. Reports Full Year Results
and Maintains 2021 Guidance

Aiding Texas communities and performing root-cause analysis
Significant advancement of customer-focused strategy:
Closed Direct Energy acquisition on January 5, 2021
Closed on sale of Agua Caliente on February 3, 2021
Announcing sale of 4.8GW of fossil generation assets
Maintaining 2021 guidance

PRINCETON, NJ - March 1, 2021 - NRG Energy, Inc. (NYSE: NRG) today reported full year 2020 income from continuing operations of $510 million, or $2.07 per diluted common share. Adjusted EBITDA for the full year of 2020 was $2.0 billion, cash from continuing operations was $1.8 billion and Free Cash Flow Before Growth (FCFbG) was $1.5 billion.

“Our priority today is both helping our Texas communities recover and working with all necessary stakeholders to improve the resilience of the energy system,” said Mauricio Gutierrez, NRG President and Chief Executive Officer. “We continue to advance our customer-focused strategy with the completion of the Direct Energy acquisition and today’s announced sale of 4.8 GW non-core fossil generating assets. Our integrated platform performed well in 2020 and continues to perform through unprecedented conditions, further validating our business model.”

Consolidated Financial Resultsa

Three Months EndedTwelve Months Ended
(In millions)
Income/(Loss) from Continuing Operations$(173)$3,463 $510 $4,120 
Cash From Continuing Operations$451 $516 $1,837 $1,405 
Adjusted EBITDA$330 $384 $2,004 $1,977 
Free Cash Flow Before Growth Investments (FCFbG)$387 $539 $1,547 $1,212 
a In accordance with GAAP, 2019 results have been recast to reflect the discontinued operations of the South Central Portfolio and Carlsbad Energy Center

The following information was filed by Nrg Energy, Inc. (NRG) on Monday, March 1, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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