Total Revenue

Down ~7% YoY (from $5,796M in Q4 2023 to $5,382M in Q4 2024)

Reduced revenue in Q4 2024 likely reflects headwinds such as lower electric pricing and subdued demand conditions emerging in the quarter. These factors contrast with previous periods where favorable market conditions had supported slightly higher revenues. " " "

Operating Income (EBIT)

Turnaround from a loss of $67M to $972M (improvement of ~$1,039M)

The drastic improvement was driven by operational efficiencies, including favorable nuclear PTC portfolio results and better cost management. This significant turnaround reversed challenges from Q4 2023 that were due to weaker operating margins and higher relative costs. " " "

Net Income

Shift from a $39M loss in Q4 2023 to $852M in Q4 2024 (an improvement of ~$891M)

A robust bottom‐line recovery resulted from improved operating performance, enhanced mark-to-market adjustments, and benefits from nuclear-related revenues. This recovery contrasts sharply with the loss recorded in the previous period, emphasizing an overall improvement in profitability drivers. " " "

Earnings Per Share (Basic)

Increased from –$0.1 in Q4 2023 to $2.72 in Q4 2024

The EPS surge is a direct reflection of the improved net income along with the impact of share repurchases that lowered the average shares outstanding. This resulted in a strong per-share recovery compared to Q4 2023. " "

Net Change in Cash

Positive change of $2,675M in Q4 2024

Enhanced cash generation in Q4 2024 is attributed to stronger operating cash flows and effective capital management practices. This marked improvement in liquidity contrasts with previous periods and underscores the company’s operational turnaround. "