Nrg Energy, Inc. (NRG)
Nrg Energy, Inc. brought in $35B of revenue over the twelve months to September 30, 2026, up 17.4% from a year earlier. Net income was $1.3B, a net margin of 3.6%. Operating cash flow minus capital spending left $766M of free cash flow in fiscal 2025. At September 30, 2026 it held $148M in cash against $23.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Nrg Energy, Inc.
- Net worth
- Nrg Energy, Inc. has a market value (market cap) of $20.3B at the latest share price, and shareholders' equity of $5.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $30.7B (+9.2% year on year), with net income of $864M. Over the 12 months to September 30, 2026: revenue $35B, net income $1.3B.
- Cash flow
- In fiscal 2025 operations brought in $1.9B of cash; after $1.1B of capital spending, free cash flow was $766M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Nrg Energy, Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Nrg Energy, Inc. paid dividends of $1.76 per share in fiscal 2025, a yield of 1.82% at the current price.
What Nrg Energy, Inc. does
Nrg Energy, Inc. is registered with the SEC under industry code SIC 4911 (Electric Services). Its shares trade on NYSE under the ticker NRG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $30.7B | $864M | $4.01 | $766M |
| 2024 | $28.1B | $1.1B | $4.99 | $1.8B |
| 2023 | $28.8B | -$202M | -$1.12 | -$819M |
| 2022 | $31.5B | $1.2B | $5.17 | -$7M |
| 2021 | $27B | $2.2B | $8.93 | $224M |
| 2020 | $9.1B | $510M | $2.07 | $1.6B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NRG ranks in Utilities
Dividends
Nrg Energy, Inc. paid $1.76 per share in fiscal 2025. At the current price that is a yield of 1.82%. It paid out $411M in cash dividends, 48% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.76 | $411M | 48% |
| 2024 | $1.63 | $405M | 36% |
| 2023 | $1.51 | $381M | n/a |
| 2022 | $1.40 | $332M | 27% |
| 2021 | $1.30 | $319M | 15% |
| 2020 | $1.20 | $295M | 58% |
Latest SEC filings
What Nrg Energy, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 24% to $9.5B versus the same quarter last year; diluted EPS $2.59 versus $0.69.
- November 9, 2026
- November 9, 2026
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- October 28, 2026Passive stake changed SCHEDULE 13G/A
- August 4, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $7.5B versus the same quarter last year; diluted EPS $2.31 versus -$0.62.
- August 4, 2026
- July 28, 2026Passive stake (5% or more) SCHEDULE 13G
- July 15, 2026Other event 8-K
- May 29, 2026
What is NRG worth? A DCF from its reported cash flow
Insider trades
What the people running Nrg Energy, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $191.1K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Zlotnik MarcieDirector | Received as pay | 43 | - |
| November 2, 2026 | Curci BrianExec VP & General Counsel | Received as pay | 66 | - |
| November 2, 2026 | Gaudette Robert JPresident & CEO, Director | Received as pay | 78 | - |
| November 2, 2026 | Kinney VirginiaExec VP, Chief Admin Officer | Received as pay | 40 | - |
| November 2, 2026 | Liyanearachchi DakExec VP, Chief Technology Ofc. | Received as pay | 36 | - |
| November 2, 2026 | Bentley BradExec VP, Pres NRG Consumer | Received as pay | 102 | - |
| November 2, 2026 | Spencer Gerald AlfredSVP & Chief Accounting Officer | Received as pay | 21 | - |
| November 2, 2026 | Pistner MatthewEVP, Pres. of NRG Wholesale | Received as pay | 25 | - |
Who owns NRG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Fmr LLC13G, passive with 1 related filers | 7.6% | November 5, 2025 |
| Franklin Templeton, Inc.13G, passive with 2 related filers | 7.4% | October 28, 2026 |
| Vanguard Capital Management13G, passive | 7.38% | April 30, 2026 |
| Vanguard Portfolio Management13G, passive | 5.3% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,018 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 17,658,104 | -342,980 |
| Fmr LLC | 16,880,449 | -528,623 |
| Vanguard Capital Management LLC | 13,783,144 | -15,944 |
| Franklin Resources Inc | 13,049,349 | +5,346,886 |
| State Street Corp | 11,234,607 | -537,512 |
| Vanguard Portfolio Management LLC | 10,898,737 | -419,366 |
| Victory Capital Management Inc | 9,524,776 | +2,359,071 |
| Geode Capital Management, LLC | 5,976,441 | +8,801 |
| Invesco Ltd. | 5,275,085 | -10,544 |
| Millennium Management LLC | 4,257,712 | +2,271,751 |
| Morgan Stanley | 4,104,900 | -573,132 |
| Bank of New York Mellon Corp | 3,241,068 | +1,882,573 |
| Lyrical Asset Management LP | 2,689,623 | -94,645 |
| Boston Partners | 2,530,275 | +282,949 |
| Bank of America Corp | 2,442,631 | +250,237 |
| Dimensional Fund Advisors LP | 2,268,957 | +77,824 |
| Northern Trust Corp | 2,057,241 | +11,974 |
| Assenagon Asset Management S.A. | 1,934,528 | +1,441,738 |
| Appaloosa LP | 1,760,000 | +25,558 |
| Goldman Sachs Group Inc | 1,673,718 | -146,600 |
Insiders
24 insiders reported holding 10,783,706 shares in total, about $1.04B at the last price.
| Holder | Shares |
|---|---|
| LS Power Equity Advisors, LLC10% owner | 4,820,7314,820,731 held indirectly |
| Nanus David10% owner | 4,820,7314,820,731 held indirectly |
| Coben Lawrence SCEO, Director | 412,390 |
| Chung BruceEVP & CFO | 89,647 |
| Abraham SpencerDirector | 84,912 |
| Gaudette Robert JPresident & CEO, Director | 64,148 |
| Liyanearachchi DakExec VP, Chief Technology Ofc. | 63,741 |
| Pistner MatthewEVP, Pres. of NRG Wholesale | 48,428 |
| Curci BrianExec VP & General Counsel | 46,305 |
| Carrillo AntonioDirector | 45,392 |
Questions about NRG
What does Nrg Energy, Inc. do?
Nrg Energy, Inc. is a company in the Utilities sector, listed on NYSE as NRG. Its shares trade on NYSE under the ticker NRG.
What is Nrg Energy, Inc.'s net worth?
Nrg Energy, Inc. has a market value (market cap) of $20.3B at the latest share price, and shareholders' equity of $5.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Nrg Energy, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.3B on revenue of $35B, a net margin of 3.6%.
How much revenue does Nrg Energy, Inc. make?
Over the twelve months to September 30, 2026 Nrg Energy, Inc. reported revenue of $35B. That is 17.4% more than a year earlier.
When did Nrg Energy, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Nrg Energy, Inc.'s next earnings report?
Nrg Energy, Inc.'s next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Nrg Energy, Inc. pay a dividend?
Yes. Nrg Energy, Inc. paid dividends of $1.76 per share in fiscal 2025, a yield of 1.82% at the current price.
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Where the numbers come from
Financial figures are the values Nrg Energy, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.