NRG Energy Q2 GAAP profit rises to $506 million; adjusted EPS falls to $1.49
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.
Key points
- 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.
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 04, 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.