NRG Energy, Inc.
NYSE•NRG
CEO: Dr. Lawrence Stephen Coben Ph.D.
Sector: Utilities
Industry: Independent Power Producers
Listing Date: 2003-12-02
NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions. It offers retail electricity and energy management, line and surge protection products, HVAC installation, repair and maintenance, home protection products, carbon offsets, back-up power stations, portable power, portable solar, and portable lighting; retail services comprising demand response, commodity sales, energy efficiency, and energy management solutions; and system power, distributed generation, renewable and low-carbon products, carbon management and specialty services, backup generation, storage and distributed solar, and energy advisory services. In addition, the company trades in power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. It offers its products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. It serves residential, commercial, government, industrial, and wholesale customers. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
Contact Information
Market Cap
$31.24B
P/E (TTM)
21.8
42
Dividend Yield
1.1%
52W High
$180.54
52W Low
$79.57
52W Range
Rank55Top 68.5%
3.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$7.64B+5.70%
4-Quarter Trend
EPS
$0.70-118.47%
4-Quarter Trend
FCF
$230.00M-377.11%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Revenue Growth Total revenue reached $22.96B USD for nine months ended September 30, 2025, marking a $1.65B USD increase versus prior year.
Net Income Substantial Improvement Nine months Net Income was $798M USD, significantly higher than $482M USD reported in the prior year period, showing strong recovery.
Strong Operating Cash Flow Cash provided by operating activities totaled $1.79B USD for nine months, showing a $436M USD increase versus 2024 results.
Texas Portfolio Acquisition Closed Completed acquisition of Texas Generation Portfolio assets for $560M USD cash consideration, adding 738 MW capacity to Texas portfolio.
Risk Factors
Acquisition Regulatory Hurdles LSP Portfolio closing depends on regulatory approvals; failure to secure them could trigger a $400M USD termination fee payment.
Commodity Price Volatility Risk Exposure remains high to volatile power and gas supply costs, impacting gross margin and operational stability across wholesale markets.
Regulatory Uncertainty Persists Ongoing legal challenges and proposed EPA rules regarding GHG emissions and environmental standards create compliance uncertainty and costs.
High Debt Obligations Remain Substantial long-term debt of $11.16B USD requires ongoing management and refinancing risk mitigation efforts following recent issuances.
Outlook
LSP Portfolio Integration Focus Anticipated closing of the LSP Portfolio acquisition in Q1 2026, focusing on efficient integration and realizing expected synergy benefits.
Capital Return Authorization Set Board authorized an additional $3.0B USD share repurchase program through 2028, targeting 80% cash return policy after debt reduction.
Texas Generation Projects Advance Key Texas projects (T.H. Wharton, Cedar Bayou 5) are under construction, targeting commercial operation by mid-2026 through mid-2028.
Dividend Growth Target Set Annual common dividend increased to $1.76 per share, targeting 7%-9% growth starting in Q1 2026, increasing to $1.90 per share.
Peer Comparison
Revenue (TTM)
$29.78B
PCG$24.76B
$16.59B
Gross Margin (Latest Quarter)
DTE83.5%
79.1%
WEC71.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ED | $34.87B | 17.1 | 11.7% | 0.0% |
| WEC | $33.81B | 20.2 | 13.0% | 42.5% |
| PCG | $33.32B | 12.3 | 8.7% | 43.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.8%
Moderate Growth
4Q Net Income CAGR
-38.2%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 25, 2026
EPS:$1.23
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $7.64B+5.7%|EPS: $0.70-118.5%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $6.74B+1.2%|EPS: $-0.62-117.9%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 12, 2025|Revenue: $8.59B+15.6%|EPS: $3.70+56.8%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 26, 2025|Revenue: $28.13B-2.4%|EPS: $5.14+558.9%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 8, 2024|Revenue: $7.22B-9.1%|EPS: $-3.79-366.9%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $6.66B+4.9%|EPS: $3.47+175.4%MeetForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 7, 2024|Revenue: $7.43B-3.8%|EPS: $2.36-140.6%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 28, 2024|Revenue: $28.82B-8.6%|EPS: $-1.12-121.7%Miss