NRG posts Q2 GAAP net loss of $104 million; adjusted EPS $1.73, guidance reaffirmed
NRG reported a second-quarter 2025 GAAP net loss of $104 million, compared with net income of $738 million a year earlier, driven mainly by non-cash mark-to-market hedge losses and a higher legal reserve. Adjusted EPS rose to $1.73 from $1.70, while Adjusted EBITDA fell $53 million, and the company reaffirmed its 2025 guidance, saying it is trending toward the upper end of its ranges.
Key points
- Q2 2025 GAAP net loss of $104 million, or $(0.62) per basic share, versus net income of $738 million in Q2 2024.
- Adjusted EPS of $1.73, up $0.03 year over year; Adjusted Net Income of $339 million, down $14 million; Adjusted EBITDA of $909 million, down $53 million.
- 2025 guidance reaffirmed: Adjusted EPS of $6.75 to $7.75 and Adjusted EBITDA of $3,725 million to $3,975 million.
- Revenue of $6,740 million, up from $6,659 million a year earlier; 295 MW of data center retail agreements signed.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.