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.
- Revenue
- +11.0%
- EPS
- +474.2%
- Free cash flow
- +8,715.1%
- Total debt
- +112.5%
Quarter to June 2026, against a year earlier
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NRG Energy, Inc. 10-Q filed Aug 4, 2026
Red flags
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Share dilution
Shares outstanding rose 8.7% in a year, to 210.2 million
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Inventory outpacing revenue
Inventory grew 75.8% while revenue grew 11.0% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 6, 2026: 39 added · 6 removed · 48 modified; 38 with only figures updated; 3 moved without change
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Modified
As you read this discussion and analysis, refer to NRG’s condensed consolidated statements of operations to this Form 10-Q, which present the results of operations for the three and six months ended
March 31June 30, 2026 and 2025. Also refer to NRG’s 2025 Form 10-K, which includes detailed discussions of various items impacting the Company’s business, results of operations and financial condition, including: General section; Strategy section; Business Overview section, including how regulation, weather, and other factors affect NRG’s business; and Critical Accounting Estimates section.