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RRI Energy, Inc. (RRI) filed Quarterly Report for the period ended 2011-09-30.
Reliant Energy Inc. has a market cap of $4.26 billion; its shares were traded at around $0 with a P/E ratio of 5.
This is the annual revenues and earnings per share of RRI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RRI.
Highlight of Business Operations:
Adjusted EBITDA was $256 million for the three months ended September 30, 2011 compared to $415 million on a pro forma basis for the same period of 2010. The decline was primarily related to reduced generation volumes in Eastern PJM and Western PJM/MISO, a decrease in our fuel oil management activities and lower contracted and capacity revenues from Eastern PJM and Western PJM/MISO. The decline was partially offset by lower adjusted operating and other expenses, primarily related to merger cost savings.Adjusted EBITDA was $565 million for the nine months ended September 30, 2011 compared to $768 million on a pro forma basis for the same period of 2010. The decline was primarily related to a reduction in energy gross margin as a result of reduced generation volumes, primarily in Eastern PJM, and lower contracted and capacity revenues, primarily from Eastern PJM. The decline was partially offset by lower adjusted operating and other expenses, primarily related to merger cost savings and reduced planned outages and projects.
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