NRG Energy Q1 net income falls to $125 million; 2026 guidance reaffirmed
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.
Key points
- 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.
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 May 06, 2026.
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.