NRG Energy
Pairs competitive energy retailing with power generation, demand response, and Vivint smart-home services.
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Profile
Sells electricity and natural gas through Reliant, Direct Energy, and other brands, provides monitored smart-home services through Vivint, and serves business users with CPower demand response. Owned generation and external supply support customer load across competitive North American energy markets.
Sells electricity and natural gas to residential, commercial, industrial, data-center, and wholesale customers across competitive markets in the United States and Canada. Reliant, Direct Energy, Green Mountain Energy, and NRG carry the retail offering, while Vivint combines installed smart-home equipment, software, professional monitoring, and service.
Balances that customer load with about 25 GW of owned power generation, now largely natural-gas-fired after the LS Power portfolio acquisition, plus third-party supply and hedging. CPower adds demand response for commercial and industrial users. The model links retail acquisition and service with generation dispatch, fuel procurement, market operations, and plant maintenance. Results depend on weather and customer demand, commodity and capacity prices, generation availability, and rules set by ERCOT, PJM, other grid operators, and state or provincial regulators.
Company facts
Categories
Key statistics
Year to date −33.1% · Average volume (30d) 3.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 19, 2026 | BNP Paribas | Target | $221 | ||
| Aug 6, 2026 | BMO Capital | Reiterate | Market Perform | $212 | $214 |
| Aug 5, 2026 | Scotiabank | Reiterate | Sector Outperform | $226 | $211 |
| Aug 5, 2026 | Evercore ISI | Reiterate | Outperform | $195 | |
| Jul 28, 2026 | UBS | Reiterate | Buy | $211 | $216 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $1.69 | $1.49 | −11.8% | $7.31B | $7.48B | +2.3% | −15.48% |
| May 6, 2026Q1 FY26 | $1.77 | $1.48 | −16.4% | $8.43B | $10.29B | +22.1% | −5.83% |
| Feb 24, 2026Q4 FY25 | $0.97 | $1.03 | +6.0% | $6.68B | $7.76B | +16.3% | −0.24% |
| Nov 6, 2025Q3 FY25 | $2.14 | $2.75 | +28.5% | $7.46B | $7.64B | +2.3% | +1.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $8.59B | $6.74B | $7.64B | $7.75B | $10.30B | $11.06B | |
| Gross profit | $2.02B | $1.11B | $1.03B | $2.54B | $850.0M | $1.61B | |
| Operating income | $1.13B | $43.0M | $422.0M | $251.0M | $257.0M | $1.05B | |
| Net income | $750.0M | −$104.0M | $152.0M | $66.0M | $125.0M | $506.0M | |
| Diluted EPS | $3.61 | −$0.62 | $0.69 | $0.26 | $0.52 | $2.34 | |
| Gross margin | 23.6% | 16.5% | 13.5% | 32.8% | 8.3% | 14.5% | |
| Operating margin | 13.2% | 0.6% | 5.5% | 3.2% | 2.5% | 9.5% |
Fiscal years (4-quarter sums)FY21 $26.99B · FY22 $31.54B · FY23 $28.82B · FY24 $28.13B · FY25 $30.71B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $162.0M · Total debt $23.47B · Total assets $39.94B · Shareholders' equity $4.86B
Dividends
Raised for 9 straight years — most recently to $0.475 from $0.44 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 3, 2026 | Aug 3 | Aug 17 | $0.475 | |
| May 1, 2026 | May 1 | May 15 | $0.475 | |
| Feb 2, 2026 | Feb 2 | Feb 17 | $0.475 | raised from $0.44 |
| Nov 3, 2025 | Nov 3 | Nov 17 | $0.44 | |
| Aug 1, 2025 | Aug 1 | Aug 15 | $0.44 | |
| May 1, 2025 | May 1 | May 15 | $0.44 | |
| Feb 3, 2025 | Feb 3 | Feb 18 | $0.44 | raised from $0.4075 |
| Nov 1, 2024 | Nov 1 | Nov 15 | $0.4075 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 210.99M · Float 209.34M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.66M | 8.37% | 13F | Aug 7, 2026 |
| FMR LLC | 16.88M | 8.00% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 13.78M | 6.53% | 13F | Aug 13, 2026 |
| Franklin Resources, Inc. | 13.05M | 6.20% | 13G | Jul 28, 2026 |
| State Street Corp | 11.23M | 5.32% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 15, 2026 | Virginia Kinney | officer: Exec VP, Chief Admin Officer | −11,145 | $140.64 |
| Jun 15, 2026 | Virginia Kinney | officer: Exec VP, Chief Admin Officer | −20,000 | $127.52 |
| Mar 16, 2026 | Virginia Kinney | officer: Exec VP, Chief Admin Officer | −5,000 | $156.65 |
| Mar 4, 2026 | David Nanus | 10 percent owner | −16,129,269 | $164.00 |
| Mar 4, 2026 | LS Power Equity Advisors, LLC | 10 percent owner | −16,129,269 | $164.00 |
Peers
- Vistra
Closest US peer: Texas-anchored integrated retail+wholesale IPP in ERCOT and PJM.
- Constellation Energy
Largest US nuclear fleet operator; leads hyperscaler nuclear PPA market in PJM.
- Talen Energy
Nuclear-anchored IPP; pioneered co-located data-center nuclear PPA with Amazon AWS.
- NextEra Energy
World's largest renewables generator; unregulated arm competes on C&I clean-energy PPAs.
- ADT
Leading US professional home security; primary direct rival to NRG's Vivint segment.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NRG Energy | $111.50 | +0.38% | $23.44B | 29.2 | 10.7 | 0.6 | +11.0% |
| Vistra | $138.00 | +0.67% | $46.22B | 23.1 | 14.6 | 2.9 | −5.5% |
| Constellation Energy | $277.11 | +0.13% | $99.38B | 26.9 | 22.4 | 3.2 | +23.0% |
| Talen Energy | $298.70 | +0.85% | $13.44B | — | 11.1 | 3.8 | +64.5% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| ADT | $7.51 | −0.53% | $6.03B | 10.8 | 7.9 | 1.2 | +1.9% |
| Median | 20.7 | 14.6 | 3.2 | +12.5% |