Key Metrics
10.15
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-12-09
Key Impacts
Positive Impacts (10)
Event Overview
The company has increased its financial outlook, reflecting strong performance in key business segments. This includes higher revenue and EBITDA margin projections, along with a growing backlog of orders. The announcement signals confidence in future growth and operational efficiency.
Collect Records
GE Vernova Inc. Revises Financial Projections and Announces Dividend and Share Repurchase
GE Vernova Inc. has revised its financial projections, now expecting $520 billion in revenue and a 20% adjusted EBITDA margin by 2028, up from the previous estimates of $450 billion and 14%, respectively. The company has secured 18 GW of gas turbine contracts this quarter and anticipates reaching 80 GW in total installed capacity and backlog by year-end. By 2028, the total backlog is expected to grow from $1350 billion to approximately $2000 billion, with the electrification business backlog doubling from $300 billion to $600 billion. After investing about $100 billion in capital and R&D between 2025 and 2028, the company expects to generate at least $220 billion in free cash flow, an increase from the earlier forecast of $140 billion. Additionally, the board has declared a quarterly dividend of $0.50 per share, payable in Q1 2026, and increased the share repurchase authorization from $60 billion to $100 billion.
GE Vernova Raises Annual Forecasts After Second-Quarter Profit Beat
GE Vernova reported a second-quarter profit that exceeded analysts' expectations, leading the company to raise its annual earnings and revenue forecasts. The earnings beat was driven by strong performance in the company's power and renewable energy segments. GE Vernova's stock price rose following the earnings announcement, reflecting positive investor sentiment on Wall Street. The company highlighted robust demand and operational improvements as key factors behind the results. Specific financial figures, forecast numbers, and exact dates were not provided in the article excerpt.