Head and joined Market you Home, Fornaro, on and Competitive Markets Thank morning, Good our everyone, NRG. and of Policy. Rob and available by Business Chief call the and Gaudette, Moser, of Officer; have morning your you, Killinger, interest we Head in thank I'm Elizabeth Financial Officer. Kevin. also Head this Alberto for Chris And of questions, for
presentation. messages our X with Slide on today's key Starting for
well in results our our in progress XXXX. XXXX. have expected, strategic while positioned our is than lower significant priorities made We business were financial in advancing And
quarter. Vivint acquisition to you our synergies we additional to guidance Today, the to revenue properly ranges. on Smart first ensure are end the we are track XXXX of further providing value around financial the transaction. Today, disclosures Home reaffirming close by have is The tools
favorable share fundamentals. enhances The achieve strong, cash per supported ability core to free NRG of by our targets. our Vivint acquisition growth the Finally, is of before flow
X Slide safety the results to we record our Beginning priorities. year consecutive operational of turning the for second across executed scorecard strategic with our well performance. for We and year, financial delivered XXXX. Now of our
always people. and want to me, ends with for challenging of NRG the For everyone focused wellbeing at starts during it I our thank staying year. a
manage our retail debt to Also, price record and inflation to financial remained higher conditions. volatility customer the despite tightening delivered years. retention term Our and customer took deliberate of bad a below levels group and average extended new actions X historical
plant performance Paris the summer. primarily was expectations, the by below Our operations impacted outage right [indiscernible] at before
We risk are during supply additional our operational to mitigate steps and conditions. strengthen specific taking
test to direct which executed integration track year, Home Vivint learn our energy acquisition. Smart is run in culminated XXXX. our nearing and on deliver completion on the in We targets synergy The announcement during program the rate and the of
also continue with X of We sales. asset and gigawatts coal retirements our optimization portfolio
we $X Finally, of share executed $XXX out of allocation, million on billion the repurchases capital program.
achieve to the visibility and we targeted metrics. when our execute available will is have amount remaining cash when We credit full
capital as We also shareholders to raised $X XXXX, way. was Since by dividend on view increased our this return in it I than policy. almost billion and our of X%. our reestablished dividend returned integral XX% we more dividend part our have an
XXXX adjusted to in result EBITDA bringing Moving fourth year expectations. delivered to $X.XXX results. We of full billion, our the financial quarter below $XXX million
the the little $XXX quarter, we earnings included the million financial end optimization that over a For guidance call of last of bottom our fourth opportunities. in highlighted reaching
high prices. power available Specifically, during making value our natural gas capture to of units periods
payments, our December the mild information provide PJM. results. impacted much late risk information were on capacity primarily by We winter adjusted Elliott during will additional the also payments our as pending This from performance power more opportunity storm is bonus quarter, did financial in downward we expected. price lower Alberto where from weather materialize PJM not than
Turning XXXX to Slide X, our outlook.
We stable supply natural chemicals, resilience less for driven are prices, lower fundamentals gas favorable East reaffirming base. our more and customer in costs XXXX more issues business, in market including We supply chain by see our financial the conditions coal guidance. improving and in retail economic our
In to rates demonstrate our the utilities, given customers for playing retailers customer rising on of public competitive to East, an we services value growth see opportunity the from equal enabling field.
result Texas ensuring design aircraft the for market Governor's proposed the the more and reliability Commission Utility of integrity to taking and to commend competitive Public I legislature, the swift will action grid enhance office, the generation dispatchable in improvements market. Texas, of In that grid. greater while want resilience
the will than this year. competition Texas in more in and to customers. retail having city opportunity customers XXX,XXX fall, to later We that open in look earn with , the a area serve forward electric Also,
ideation on will see can the we services, XXXX, business side products In growing strategic focusing you continue on our the core as executing while priorities strengthening slide. of and our on right-hand
We continue of net $XXX better by in are cash the year. the optimizing to our our portfolio million our effect, from To proceeds customers. on we targeting end that focus sales serve asset
purchase map, test completed now includes completing energy products us. next growing direct integration the the number our phase learn we in increasing of our on that strategic customers Having from and are multiple phase the business. of focused XXXX, the and road This
customers. sold have more than we X product to XX% Today, of our
at good dispatchable as this power Vivint. supply We our growth, additional disclosures are renewables our continue and capital-light some we expanding our strengthen to by program provide of To sites. progress making will support PPA cross-selling integrate will to we generation existing on for
all track approvals are shareholder quarter regulatory in and the no required. with dividend first close Finally, received on to we
integration to soon have day efforts. and close financing expect begun one We
and and a provide automation, to with an on is highly core residential Vivint home additional with solar want in our offering. This I complementary smart together under enhances energy Vivint insights on solutions X nearly Slide additional customers highly X core of at capabilities X. and to scale is how leader energy years. our business technology brings million security proprietary brings engaged a Their average single data platform. life system platform
isolated home to power, all highly connect services, products and smart products personalized. currently our green will use into engaging other is including that ecosystem and their experience batteries, EVs We seamless a and
This tremendous that experience, a greater new brand insights customer average pricing, engagement into loyalty solutions will provide longer create lifetime. customer and
home, the we As demand to the expect home we leverage smart to inside the valuable ecosystem, wholesale optimize services energy providing markets.
with be bridge a will Vivint value the between NRG words, the other complement energy ability also existing optimize two. home unique and energy our to and In markets the monetize between including acquisition engine sales record by proven growth with security and customers. automation, offerings at solid and track and a home channels adding product scale X of million residential nearly solar a will
the side past. personalization, leveraging the the in can is right-hand a the our discussed and meaningful our have better resulting better On of access we customers. insights platform, cost that we with This experience more cycle By for slide synergies. economic coupled virtuous existing advantage, in
their All on more grow, margin core of better into a then our products this cycle business. retention interact deeper the repeats and translates homes, understanding a creating additional consumers we how valuable and with of as
X. opportunities value to represents Now that Slide on the combination disclose this of I want
the growing We platform have value core our and optimizing energy leveraging areas main identified customers, of the of value, improving of synergies our customers. to and X achieve cost network
free respect flow cash of XXXX. With we are opportunity, before the targeting growth to growth $XXX incremental by million
work customers sets preliminary look We fully have closes. by both transaction forward and we the optimize encouraged the done of are on to once
because As see already and This markets you even deployed core core has small. is there the left-hand of relatively our market be customers our side energy Vivint can the it's overlap slide, important is for energy on but ready in the be teams addressable to opportunity new because some greater. will markets, in
Tier customers homeowners as several with within which we growth target We credit select target achieve urban expect high X single-family define we to this areas. scores in ways as
into will cross-selling actionable focus bundle new potential combined network million network immediate One, representing customers X.X of selling on of households. products customers; and million opportunities. two, to customer our our offers We XX X outside existing
and we strength organically will best line optimizing addition, in levels. both our will opportunities the channels leveraging practices, be dividends Vivint. enhanced of and with grow combined by historical NRG In sales These
The years. next $XXX achieve million to to growth capital $XXX over is X expected required the range this to million
XXXX, have $XXX For from gross identified synergies, achieved combining primarily companies. public million X by be to we
expect of we cost million these, onetime $XXX achieve. to For
core East and beyond existing the cross-selling customers means opportunity total, addressable expand our size we the million the and smart given energy home on larger customers, can Finally, we opportunity and in a our to extend have $XXX of see margin opportunity access value. 'XX to In market. direct by the a lifetime customer
our confident these in to a and synergy ability have history integration I we strong targets as deliver achievement. of am
be and more on update this led the integration integration. forward our Just Day. we plan energy have the I to enhancement and achieved remind providing reductions will comprehensive XXXX, since programs. team during cost transformation same This a Investor year you synergies, to significant effort value you, by look later direct as
turning our We to supports Slide our growth targets. dividend and you forma give an to on transaction update pro Now want X. how the outlook
we previous side growth Vivint to just growth the pro from from on slide. the free before On XXXX forma that contribution discussed the of flow expected left-hand a is slide walk XXXX, cash the including
This illustrates closed. earnings is further once power unpacked company the be of and will transaction the the
On the XXXX. the through expected allocation is the capital of slide right-hand side
strong and approach to the sheet. balance you the growth financial see, As a flexibility can return capital combined balanced provides maintaining of platform have while a between
of and materially Vivint growth more while that value. and it support will targets represents our acquisition our earnings The high-grading customer lifetime opportunity growth per the specifically, share better quality
Alberto it for So with pass financial to that, I review. over will the
