Aug 4, 7:28 AM ET
NRG Energy reported second-quarter 2026 results, with GAAP net income of $506 million, up from a loss of $104 million a year earlier, on revenue of $7,481 million, up from $6,740 million. Adjusted EPS fell to $1.49 from $1.73, and the company reaffirmed its 2026 guidance, including Adjusted EPS of $7.90 to $9.90. For shareholders, the GAAP improvement was helped by non-cash hedge gains and the LS Power asset acquisition, while adjusted measures and Texas segment earnings declined.
- GAAP net income was $506 million, or $2.32 basic EPS, versus a loss of $104 million, or $(0.62) per share, in Q2 2025.
- Adjusted EPS was $1.49 versus $1.73 a year earlier; Adjusted Net Income was $315 million versus $339 million.
- 2026 guidance reaffirmed: Adjusted EBITDA $5,325 million to $5,825 million and FCFbG $2,800 million to $3,300 million.
- Texas segment Adjusted EBITDA fell to $381 million from $512 million, while East rose to $469 million from $99 million.
Read the filing on SEC.gov ↗
May 21, 8:10 AM ET
NRG Energy's board appointed Glenn Wright as an independent director, effective May 26, 2026, on the recommendation of the Governance and Nominating Committee. The filing says his appointment brings the board to 11 members, and he will also serve on the Finance and Risk Management Committee.
- Appointment made May 21, 2026, effective May 26, 2026, and he will serve until a successor is elected or he dies, resigns or is removed.
- Dr. Wright was Senior Vice President, Shell Energy Americas, and President and CEO, Shell New Energies, US, from 2020 to 2025.
- He previously led Shell Energy North America as President and CEO from 2016 to 2020, and currently serves on the board of Hydrostor Inc.
- He will receive compensation under the director compensation program described in the 2026 Proxy Statement.
Read the filing on SEC.gov ↗
May 6, 7:00 AM ET
NRG Energy reported first-quarter 2026 results, with revenue rising to $10.3 billion from $8.6 billion while GAAP net income fell to $125 million from $750 million. The company reaffirmed its 2026 guidance, including Adjusted EPS of $7.90 to $9.90, and the decline in profit was driven mainly by non-cash mark-to-market hedge losses and mild Texas weather.
- Revenue was $10.3 billion ($10,256 million) versus $8.6 billion ($8,585 million) a year earlier.
- GAAP net income was $125 million, against $750 million in Q1 2025; GAAP basic EPS was $0.52 versus $3.70.
- Adjusted EPS was $1.49 versus $2.68, and Adjusted EBITDA was $1,080 million versus $1,126 million.
- NRG reaffirmed 2026 Adjusted EPS guidance of $7.90 to $9.90 and Adjusted EBITDA guidance of $5,325 million to $5,825 million.
Read the filing on SEC.gov ↗
Apr 28, 5:15 PM ET
NRG Energy sold $2.6 billion of senior notes on April 28, 2026, and entered a $900 million incremental term loan B facility. Proceeds will repay revolver borrowings and help fund a cash tender offer for its subsidiary Lightning Power's $1.5 billion of 7.250% notes due 2032, of which 99.67% had been tendered by the early deadline.
- Notes sold: $500 million 4.955% senior secured notes due 2031, $1.05 billion 5.875% senior notes due 2034 and $1.05 billion 6.125% senior notes due 2036
- New $900 million term loan B matures April 28, 2033, with interest at Term SOFR plus 1.75% or the base rate plus 0.75%
- Early results: about $1,495,054,000 of Lightning's notes, or 99.67%, were tendered by the April 27, 2026 early deadline; total consideration is $1,063.75 per $1,000 principal
- Early settlement is expected April 29, 2026, and Lightning has called to redeem all remaining notes on May 13, 2026
Read the filing on SEC.gov ↗
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