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NRG Energy
(NYSE:NRG)
NRG Energy (NRG) vs. SPDR S&P 500 ETF (SPY)
NRG Energy Business Overview & Revenue Model
NRG Energy Key Performance Indicators (KPIs)
NRG Energy Earnings Call Summary
NRG Energy Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.78B | 28.13B | 28.82B | 31.54B | 26.99B | 9.09B |
| Gross Profit | 5.08B | 6.03B | 2.30B | 4.10B | 6.51B | 2.55B |
| EBITDA | 3.42B | 3.50B | 1.75B | 2.80B | 4.18B | 1.72B |
| Net Income | 1.44B | 1.13B | -202.00M | 1.22B | 2.19B | 510.00M |
Balance Sheet | ||||||
| Total Assets | 23.97B | 24.02B | 26.04B | 29.15B | 23.18B | 14.90B |
| Cash, Cash Equivalents and Short-Term Investments | 2.69B | 966.00M | 541.00M | 430.00M | 250.00M | 3.90B |
| Total Debt | 12.11B | 10.99B | 10.97B | 8.30B | 8.29B | 9.04B |
| Total Liabilities | 22.00B | 21.54B | 23.13B | 25.32B | 19.58B | 13.22B |
| Stockholders Equity | 1.97B | 2.48B | 2.91B | 3.83B | 3.60B | 1.68B |
Cash Flow | ||||||
| Free Cash Flow | 1.71B | 1.83B | -819.00M | -7.00M | 224.00M | 1.61B |
| Operating Cash Flow | 2.74B | 2.31B | -221.00M | 360.00M | 493.00M | 1.84B |
| Investing Cash Flow | -1.53B | -24.00M | -910.00M | -332.00M | -3.04B | -494.00M |
| Financing Cash Flow | -1.25B | -1.75B | -400.00M | 1.04B | -272.00M | 2.20B |
NRG Energy Technical Analysis
NRG Energy Risk Analysis
NRG Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $26.50B | 19.93 | 10.54% | 3.83% | 7.64% | 48.61% | |
70 Neutral | $25.46B | 24.62 | 9.61% | 2.21% | 6.43% | 5.07% | |
68 Neutral | $62.55B | 65.20 | ― | 0.47% | 42.77% | -47.64% | |
66 Neutral | $27.00B | 24.84 | 7.65% | 2.94% | 8.42% | 32.48% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $27.85B | 20.09 | 11.64% | 3.19% | 19.42% | -9.68% | |
63 Neutral | $32.90B | 24.86 | 64.19% | 1.02% | 6.40% | 62.12% |
NRG Energy Corporate Events
NRG Energy Inc., a leading energy company in North America, provides innovative natural gas, electricity, and smart home solutions to a diverse customer base. The company operates in the energy sector and is known for its customer-focused strategy and commitment to sustainable growth.
On October 8, 2025, NRG Energy, Inc. issued $625 million in senior secured first lien notes due 2030 and 2035, and $3.65 billion in senior notes due 2034 and 2036. These notes, sold via private placement, are intended to fund the acquisition of equity interests in several power companies and to repay existing debt, positioning NRG Energy for strategic growth and financial restructuring.
The most recent analyst rating on (NRG) stock is a Buy with a $202.00 price target. To see the full list of analyst forecasts on NRG Energy stock, see the NRG Stock Forecast page.
On September 26, 2025, NRG Cedar Bayou 5 LLC, a subsidiary of NRG Energy, entered into a $561.9 million credit agreement to finance 60% of the costs for a new 721 MW natural gas-fired power plant in Chambers County, Texas. The agreement includes covenants and restrictions, such as maintaining a loan-to-cost ratio under 60% and achieving commercial operation by December 1, 2028, with provisions for prepayment and default events that could impact the company’s financial commitments.
The most recent analyst rating on (NRG) stock is a Hold with a $140.00 price target. To see the full list of analyst forecasts on NRG Energy stock, see the NRG Stock Forecast page.
On September 24, 2025, NRG Energy, Inc. announced the pricing of its concurrent offerings of senior secured first lien notes and senior unsecured notes, totaling $4.9 billion. The proceeds from these offerings will be used to fund the cash portion of NRG’s acquisition of certain equity interests and to repay existing debt, enhancing the company’s financial flexibility and strategic positioning.
The most recent analyst rating on (NRG) stock is a Buy with a $212.00 price target. To see the full list of analyst forecasts on NRG Energy stock, see the NRG Stock Forecast page.
On May 12, 2025, NRG Energy, Inc. entered into a Purchase and Sale Agreement to acquire a portfolio of generation assets, including 13 GW of natural gas-fired facilities and a 6 GW virtual power plant platform from LS Power affiliates. This acquisition is expected to contribute approximately $1,600 million to NRG’s consolidated Adjusted EBITDA, with anticipated revenue enhancements of $800 million within 18 months. Additionally, NRG announced offerings of senior secured and unsecured notes to fund the acquisition and repay existing debt. The company also secured a $216 million loan from the Public Utility Commission of Texas for its T.H. Wharton facility and plans a $562 million loan for its Cedar Bayou facility, both under the Texas Energy Fund.
The most recent analyst rating on (NRG) stock is a Buy with a $212.00 price target. To see the full list of analyst forecasts on NRG Energy stock, see the NRG Stock Forecast page.
On September 17, 2025, NRG Energy announced an increase in its financial guidance for the year ending December 31, 2025, reflecting strong business performance and favorable weather conditions. The company raised its Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, and Free Cash Flow before Growth guidance, indicating a robust platform and effective execution by its team. This move is expected to create lasting value for customers and shareholders.
The most recent analyst rating on (NRG) stock is a Hold with a $153.00 price target. To see the full list of analyst forecasts on NRG Energy stock, see the NRG Stock Forecast page.
NRG Energy Inc. faces potential risks associated with the acquisition of the LSP Portfolio, as it will not have control over these assets until the transaction is finalized. Unknown or unexpected events, conditions, or actions could negatively impact the assets, liabilities, and operations of the LSP Portfolio before the acquisition closes. Factors such as actions by LS Power, legal or regulatory changes, and economic conditions could adversely affect the value of the assets or increase liabilities, posing a threat to NRG’s future financial health. Additionally, unforeseen liabilities and expenses may arise, which might not be fully addressed during due diligence or reflected in the purchase terms.
NRG Energy, Inc. is a leading energy company that provides innovative natural gas, electricity, and smart home solutions across North America. In its latest earnings report, NRG Energy announced strong financial results for the second quarter of 2025, despite a GAAP net loss of $104 million. The company reported an adjusted net income of $339 million and an adjusted EBITDA of $909 million, highlighting robust operational performance and strategic advancements. Key financial metrics included an adjusted EPS of $1.73 and a free cash flow before growth investments of $914 million. NRG Energy also reaffirmed its 2025 financial guidance, projecting adjusted net income between $1,330 million and $1,530 million, and adjusted EBITDA between $3,725 million and $3,975 million. Strategically, the company signed 295 MW of long-term retail agreements for data centers and increased its Texas Residential Virtual Power Plant target. Looking ahead, NRG Energy remains focused on executing its strategic initiatives and capital allocation plans, aiming to enhance shareholder value and maintain strong financial performance.
NRG Energy Inc’s recent earnings call showcased a robust financial performance and strategic growth, particularly in data center agreements and virtual power plants. Despite some challenges related to asset sales and execution timing uncertainties, the overall sentiment was positive, with strong financial outcomes and strategic initiatives taking center stage.