NRG Energy, Inc.

NRG Utilities Utilities Independent Power Producers

NRG Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $30.7 billion, up 9.18% from fiscal 2024. In the quarter to June 2026, revenue grew 11.0%, EPS grew 474.2%, free cash flow grew 8,715.1% and total debt rose 112.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

103.75 0.89 +0.87%
Market cap
$21.6B
P/E
27.3×
Fwd P/E
14.9×
Dividend yield
1.80%
F-score
6/9
Altman Z
2.25
Beneish M
−2.52
Dividend safety
72/100

NRG Energy, Inc. 10-K filed Feb 24, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 4:09 PM ET · Document on sec.gov · Filing index

What changed

Item 1, Business, against the 10-K filed Feb 26, 2025: 15 added · 15 removed · 60 modified; 6 with only figures updated; 1 moved without change

  1. Modified · General

    NRG Energy, Inc., or NRG or the Company, is a leading serves electricity, natural gas, and smart-home technology solutions to approximately 8 million residential customers (comprised of 6 million retail energy and 2 million smart home company fueled by market-leading brands), in addition to large commercial and industrial, proprietary technologiesdata center, and complementary sales channelswholesale customers. Across the U.S. and CanadaNorth America, NRG delivers innovative, sustainable solutions, predominately is redefining customers’ experience with energy under brand names such as NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint, while also advocating for competitive energy markets and customer choice. The Company has a customer base that includes . As of December 31, 2025, the Company’s core power and natural gas business consists of approximately 8 million residential customers (comprised 12 GW of 6 million retail energy customers and 2 million smart home customers) competitive power generation, primarily in addition to commercialTexas, industrial, and wholesale customers, supported by approximately 13 GW of generation as of December 31, 2024a natural gas portfolio that serves approximately 1,900 MMDth annually.

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