NRG Energy Inc ( NRG ) shares are trading higher Thursday after the company raised its full-year 2024 outlook.

What Happened: After the market close on Wednesday, NRG Energy ( NRG ) scheduled its third-quarter financial results and updated its 2024 guidance.

The company raised its full-year 2024 adjusted EBITDA guidance from a range of $3.3 billion to $3.55 billion to a new range of $3.525 billion to $3.675 billion, representing an increase of $175 million at the midpoint.

NRG Energy ( NRG ) also raised its free cash flow before growth guidance from a range of $1.825 billion to $2.075 billion to a new range of $1.975 billion to $2.125 billion. The company noted that the revised guidance reflects robust financial and operational execution throughout the year.

“It’s an exciting time for our company. We are pleased to raise our financial guidance for the year, reflecting the strength of our integrated platform and the best-in-class execution of our leading consumer strategy. We are confident in our ability to drive growth and capitalize on the emerging opportunities in our markets,” said Larry Coben, chair, president and CEO of NRG Energy ( NRG ).

See Also: US Stocks Set For Strong Start, Micron Jumps, China Commits More Stimulus: Strategist Flags ‘Tremendous’ Gains Near Term

NRG Energy ( NRG ) announced that it plans to report its third-quarter financial results on Nov. 8. Current analyst estimates call for earnings of $2.05 per share on revenue of $9.144 billion, according to data from Benzinga Pro.

Last quarter, NRG Energy ( NRG ) missed revenue estimates, turning in second-quarter revenue of $6.659 billion versus estimates of $8.32 billion, but the company beat earnings estimates, reporting earnings of $3.37 per share versus estimates of $1.55 per share.

NRG Price Action: NRG Energy ( NRG ) shares were up 1.65% at $90.71 at the time of publication Thursday, per Benzinga Pro.