NRG Energy (NRG): financials, SEC filings and peers
NRG Energy (NRG) is an independent power producers & energy traders company in the Utilities sector of the S&P 500, headquartered in Houston, Texas.
It was founded in 1992 and joined the S&P 500 on January 29, 2010.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Electric Services”.
NRG Energy at a glance
- Revenue (12 months)
- $33.1B
- Revenue growth
- +12.8%
- Operating margin
- 6.1%
- Net income (12 months)
- $849M
- Free cash flow (12 months)
- $348M
- Cash
- $162M
- Debt
- $23.4B
- Diluted EPS (12 months)
- $3.81
Twelve months to June 30, 2026, from the 10-Q filed August 4, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, NRG Energy reported revenue of $33.1 billion, up 12.8% from a year earlier.
Its operating margin was 6.1%, up 1.7 percentage points from a year earlier: for every $100 of sales, about $6 was left as operating profit.
Net income was $849 million (2.6% of revenue), 62.6% higher than a year earlier.
Operating cash flow was $1.6 billion and capital spending $1.2 billion, leaving free cash flow of $348 million (1.1% of revenue).
At the end of the period it held $162 million in cash and $23.4 billion in debt, a net debt position of $23.2 billion.
The diluted share count rose 8.2% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $9.1 billion in fiscal 2020 to $30.7 billion in fiscal 2025, about 27.6% a year.
- Operating margin narrowed from 12.2% to 6.0% over the same years.
- Free cash flow was negative in 2 of the last 6 fiscal years.
- NRG Energy reported a net loss in 1 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $27.0B | $31.5B | $28.8B | $28.1B | $30.7B |
| Revenue growth | 196.8% | 16.9% | -8.6% | -2.4% | 9.2% |
| Operating margin | 12.4% | 6.4% | 1.3% | 8.6% | 6.0% |
| Net income | $2.2B | $1.2B | −$202M | $1.1B | $864M |
| Free cash flow | $224M | −$7M | −$819M | $1.8B | $766M |
| Diluted EPS | $8.93 | $5.17 | $-1.12 | $4.99 | $4.01 |
Fiscal years as reported in NRG Energy’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed August 4, 2026 — quarterly report
- 8-K filed August 4, 2026 — Earnings results
- 8-K filed July 15, 2026 — Other event
- 8-K filed May 21, 2026 — Executive or director change; Regulation FD disclosure
- 10-Q filed May 6, 2026 — quarterly report
- 8-K filed May 6, 2026 — Earnings results
- 8-K filed May 1, 2026 — Shareholder vote results
- 8-K/A filed April 30, 2026 — Executive or director change
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Questions about NRG Energy
Is NRG Energy's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $33.1 billion, up 12.8% from a year earlier, according to its SEC filings.
Is NRG Energy profitable?
Yes. It earned $849 million in net income over the twelve months to June 30, 2026, a net margin of 2.6%.
Does NRG Energy have more cash or more debt?
At June 30, 2026 it had $162 million in cash and $23.4 billion in debt, so more debt than cash.
When did NRG Energy last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 4, 2026.
Which companies are similar to NRG Energy?
In the S&P 500, NRG Energy is grouped in Independent Power Producers & Energy Traders within the Utilities sector. AES Corporation (AES) are in the same group.
Understand the numbers
Source: NRG Energy’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.