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AI brief of an SEC Form 8-K · NRG Energy (NRG)

NRG 2025 Adjusted EPS rises to $8.24; GAAP net income falls to $864 million

Mixed Impact 3 of 5 earnings Written later

NRG Energy reported full-year 2025 revenue of $30.7 billion and Adjusted EPS of $8.24, up from $6.83 in 2024. GAAP net income fell to $864 million from $1.1 billion, mainly due to unrealized non-cash mark-to-market losses on hedges, and fourth-quarter GAAP net income was $66 million. The company reaffirmed its 2026 guidance, which includes about 11 months of ownership of assets acquired from LS Power that closed on January 30, 2026.

Key points

  • Full-year GAAP net income was $864 million, versus $1,125 million in 2024; fourth-quarter GAAP net income was $66 million, versus $643 million a year earlier.
  • Full-year Adjusted EPS was $8.24, versus $6.83 in 2024; Adjusted EBITDA was $4,087 million, versus $3,789 million.
  • Full-year revenue was $30,713 million, versus $28,130 million in 2024.
  • 2026 guidance was reaffirmed, including Adjusted EPS of $7.90 to $9.90 and Adjusted EBITDA of $5,325 million to $5,825 million.

The filing

CompanyNRG Energy (NRG)
Form8-K, current report
Filed with the SECFeb 24, 2026, 7:37 AM ET
Accession number0001013871-26-000002

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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 February 24, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.