NYSE : NRG
NRG Energy, Inc. — Financial statements
Utilities · Utilities - Independent Power Producers · United States
Last price 97.54 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 20.50B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
NRG Energy, Inc. (NRG) reported revenue of 33.12B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 33.12B | 30.71B | 28.13B | 28.82B | 31.54B | 26.99B |
| Selling, General & Admin | 2.48B | 2.60B | 2.35B | 2.09B | 1.15B | 1.29B |
| Depreciation & Amortization | 1.66B | 1.41B | 1.40B | 1.29B | 720.00M | 785.00M |
| Provision for Bad Debts | 11.00M | 698.00M | ||||
| Other Operating Expenses | 26.90B | 24.76B | 22.10B | 26.49B | 27.52B | 20.48B |
| Total Operating Expenses | 31.05B | 28.77B | 25.85B | 29.88B | 29.40B | 23.26B |
| Operating Income | 2.08B | 1.94B | 2.28B | -1.06B | 2.14B | 3.73B |
| Interest Expense | -1.02B | -741.00M | -651.00M | -667.00M | -417.00M | -485.00M |
| Interest Income | 83.00M | 83.00M | 56.00M | |||
| Net Interest Expense | -942.00M | -658.00M | -595.00M | -667.00M | -417.00M | -485.00M |
| Income (Loss) on Equity Investments | 11.00M | 11.00M | 20.00M | 16.00M | 6.00M | 17.00M |
| Other Non-Operating Income (Expenses) | 12.00M | -15.00M | -12.00M | 47.00M | 56.00M | 63.00M |
| EBT Excluding Unusual Items | 1.16B | 1.28B | 1.70B | -1.66B | 1.79B | 3.33B |
| Total Merger & Restructuring Charges | -84.00M | -74.00M | -30.00M | -119.00M | -52.00M | -93.00M |
| Impairment of Goodwill | -15.00M | -130.00M | ||||
| Gain (Loss) on Sale of Investments | -39.00M | -39.00M | -7.00M | -102.00M | ||
| Gain (Loss) on Sale of Assets | 19.00M | -25.00M | 208.00M | 1.58B | 52.00M | 247.00M |
| Asset Writedown | -21.00M | -26.00M | -76.00M | -544.00M | ||
| Insurance Settlements | 7.00M | 81.00M | ||||
| Other Unusual Items | -9.00M | -10.00M | -382.00M | 109.00M | -77.00M | |
| Pretax Income | 1.05B | 1.13B | 1.45B | -213.00M | 1.66B | 2.86B |
| Income Tax Expense | 199.00M | 270.00M | 323.00M | -11.00M | 442.00M | 672.00M |
| Earnings From Continuing Ops. | 849.00M | 864.00M | 1.12B | -202.00M | 1.22B | 2.19B |
| Net Income to Company | 849.00M | 864.00M | 1.12B | -202.00M | 1.22B | 2.19B |
| Net Income | 849.00M | 864.00M | 1.12B | -202.00M | 1.22B | 2.19B |
| Preferred Dividends & Other Adjustments | 67.00M | 67.00M | 67.00M | 54.00M | ||
| Net Income to Common | 782.00M | 797.00M | 1.06B | -256.00M | 1.22B | 2.19B |
| Shares Outstanding (Basic) | 201.00M | 195.00M | 206.00M | 228.00M | 236.00M | 245.00M |
| Shares Outstanding (Diluted) | 202.50M | 199.00M | 212.00M | 228.00M | 236.00M | 245.00M |
| EPS (Basic) | 3.89 | 4.09 | 5.14 | -1.12 | 5.17 | 8.93 |
| EPS (Diluted) | 3.87 | 4.01 | 4.99 | -1.12 | 5.17 | 8.93 |
| Free Cash Flow | 348.00M | 766.00M | 1.83B | -819.00M | -7.00M | 224.00M |
| Free Cash Flow Per Share | 1.72 | 3.85 | 8.65 | -3.59 | -0.03 | 0.91 |
| Dividend Per Share | 1.86 | 1.79 | 1.66 | 1.54 | 1.43 | 1.32 |
| Profit Margin | 2.36% | 2.60% | 3.76% | -0.89% | 3.87% | 8.10% |
| Free Cash Flow Margin | 1.05% | 2.49% | 6.52% | -2.84% | -0.02% | 0.83% |
| EBITDA | 3.25B | 2.97B | 3.49B | 282.00M | 3.04B | 4.70B |
| EBITDA Margin | 9.82% | 9.66% | 12.41% | 0.98% | 9.65% | 17.43% |
| D&A For EBITDA | 1.17B | 1.02B | 1.21B | 1.34B | 901.00M | 972.00M |
| EBIT | 2.08B | 1.94B | 2.28B | -1.06B | 2.14B | 3.73B |
| EBIT Margin | 6.28% | 6.33% | 8.11% | -3.66% | 6.79% | 13.82% |
| Effective Tax Rate | 18.99% | 23.81% | 22.31% | 26.58% | 23.51% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 162.00M | 4.71B | 966.00M | 541.00M | 430.00M | 250.00M |
| Trading Asset Securities | 12.00M | |||||
| Accounts Receivable | 3.53B | 4.07B | 3.49B | 3.54B | 4.77B | 3.06B |
| Other Receivables | 689.00M | |||||
| Inventory | 793.00M | 461.00M | 478.00M | 607.00M | 751.00M | 498.00M |
| Prepaid Expenses | 1.32B | 1.07B | 830.00M | 626.00M | 383.00M | 395.00M |
| Restricted Cash | 491.00M | 395.00M | 317.00M | 465.00M | 300.00M | 306.00M |
| Other Current Assets | 3.35B | 2.45B | 2.88B | 3.93B | 9.59B | 5.64B |
| Total Current Assets | 9.65B | 13.15B | 8.96B | 9.73B | 16.23B | 10.84B |
| Property, Plant & Equipment | 14.22B | 3.76B | 2.17B | 1.94B | 1.92B | 1.96B |
| Goodwill | 8.81B | 5.02B | 5.01B | 5.08B | 1.65B | 1.79B |
| Other Intangible Assets | 2.14B | 2.31B | 2.91B | 3.93B | 2.13B | 2.51B |
| Long-Term Investments | 16.00M | 23.00M | 60.00M | 48.00M | 139.00M | 164.00M |
| Long-Term Deferred Tax Assets | 1.73B | 1.84B | 2.07B | 2.25B | 1.88B | 2.15B |
| Other Long-Term Assets | 3.37B | 3.04B | 2.84B | 3.06B | 5.20B | 3.76B |
| Total Assets | 39.94B | 29.14B | 24.02B | 26.04B | 29.15B | 23.18B |
| Accounts Payable | 2.58B | 2.83B | 2.51B | 2.33B | 3.64B | 2.27B |
| Accrued Expenses | 1.72B | 1.86B | 2.03B | 1.64B | 1.11B | 1.32B |
| Current Portion of Long-Term Debt | 1.51B | 27.00M | 999.00M | 620.00M | 63.00M | |
| Current Unearned Revenue | 837.00M | 748.00M | 711.00M | 720.00M | 176.00M | |
| Current Portion of Leases | 41.00M | 43.00M | 66.00M | 90.00M | 83.00M | 85.00M |
| Other Current Liabilities | 3.29B | 2.51B | 2.49B | 4.10B | 7.90B | 4.23B |
| Total Current Liabilities | 9.97B | 8.03B | 8.81B | 9.50B | 12.98B | 7.92B |
| Long-Term Debt | 21.70B | 16.40B | 9.80B | 10.12B | 7.96B | 7.96B |
| Long-Term Leases | 215.00M | 160.00M | 131.00M | 147.00M | 191.00M | 245.00M |
| Long-Term Unearned Revenue | 984.00M | 895.00M | 862.00M | 914.00M | 10.00M | |
| Pension & Post-Retirement Benefits | 160.00M | 199.00M | 242.00M | 269.00M | 214.00M | |
| Long-Term Deferred Tax Liabilities | 15.00M | 15.00M | 12.00M | 22.00M | 134.00M | 73.00M |
| Other Long-Term Liabilities | 2.20B | 1.80B | 1.73B | 2.19B | 3.77B | 3.18B |
| Total Liabilities | 35.09B | 27.46B | 21.54B | 23.13B | 25.32B | 19.58B |
| Preferred Stock, Redeemable | 650.00M | 650.00M | 650.00M | 650.00M | ||
| Total Preferred Equity | 650.00M | 650.00M | 650.00M | 650.00M | ||
| Common Stock | 2.00M | 2.00M | 2.00M | 3.00M | 4.00M | 4.00M |
| Additional Paid-In Capital | 3.88B | 215.00M | 705.00M | 3.42B | 8.46B | 8.53B |
| Retained Earnings | 2.37B | 1.98B | 1.53B | 820.00M | 1.41B | 464.00M |
| Treasury Stock | -1.96B | -1.09B | -297.00M | -1.89B | -5.86B | -5.27B |
| Comprehensive Income & Other | -87.00M | -81.00M | -117.00M | -91.00M | -177.00M | -126.00M |
| Total Common Equity | 4.21B | 1.03B | 1.83B | 2.26B | 3.83B | 3.60B |
| Shareholders' Equity | 4.86B | 1.68B | 2.48B | 2.91B | 3.83B | 3.60B |
| Total Liabilities & Equity | 39.94B | 29.14B | 24.02B | 26.04B | 29.15B | 23.18B |
| Total Debt | 23.47B | 16.63B | 10.99B | 10.98B | 8.30B | 8.29B |
| Net Cash (Debt) | -23.30B | -11.92B | -10.03B | -10.43B | -7.87B | -8.04B |
| Net Cash Per Share | -115.09 | -59.89 | -47.30 | -45.73 | -33.36 | -32.80 |
| Filing Date Shares Outstanding | 210.21M | 214.68M | 198.07M | 208.02M | 229.77M | 242.15M |
| Total Common Shares Outstanding | 210.31M | 190.38M | 198.60M | 208.13M | 229.56M | 243.75M |
| Working Capital | -322.00M | 5.12B | 151.00M | 227.00M | 3.25B | 2.93B |
| Book Value Per Share | 19.99 | 5.42 | 9.20 | 10.84 | 16.68 | 14.77 |
| Tangible Book Value | -6.75B | -6.29B | -6.09B | -6.75B | 46.00M | -706.00M |
| Tangible Book Value Per Share | -32.10 | -33.07 | -30.67 | -32.43 | 0.20 | -2.90 |
| Land | 272.00M | 255.00M | 256.00M | 263.00M | 271.00M | |
| Machinery | 333.00M | 278.00M | 261.00M | 712.00M | 637.00M | |
| Construction In Progress | 1.20B | 442.00M | 152.00M | 197.00M | 124.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 849.00M | 864.00M | 1.12B | -202.00M | 1.22B | 2.19B |
| Depreciation & Amortization | 1.17B | 1.02B | 1.21B | 1.34B | 901.00M | 972.00M |
| Other Amortization | 656.00M | 561.00M | 371.00M | 220.00M | 109.00M | 39.00M |
| Loss (Gain) on Sale of Assets | -23.00M | 25.00M | -192.00M | -1.56B | -102.00M | -261.00M |
| Loss (Gain) on Sale of Investments | 39.00M | 39.00M | 7.00M | 102.00M | ||
| Loss (Gain) on Equity Investments | -8.00M | -8.00M | -13.00M | -6.00M | 7.00M | 20.00M |
| Asset Writedown | 36.00M | 26.00M | 206.00M | 544.00M | ||
| Stock-Based Compensation | 144.00M | 134.00M | 102.00M | 101.00M | 28.00M | 21.00M |
| Change in Accounts Receivable | 167.00M | -760.00M | -366.00M | 1.00B | -1.56B | -1.23B |
| Change in Inventory | -142.00M | 30.00M | 111.00M | 189.00M | -252.00M | -61.00M |
| Change in Accounts Payable | -549.00M | 192.00M | 170.00M | -1.46B | 1.29B | 476.00M |
| Change in Other Net Operating Assets | -1.27B | -1.04B | -1.02B | -514.00M | -259.00M | -113.00M |
| Other Operating Activities | 258.00M | 580.00M | 455.00M | 284.00M | -1.25B | -2.80B |
| Operating Cash Flow | 1.55B | 1.91B | 2.31B | -221.00M | 360.00M | 493.00M |
| Capital Expenditures | -1.21B | -1.15B | -472.00M | -598.00M | -367.00M | -269.00M |
| Sale of Property, Plant & Equipment | 44.00M | 6.00M | 501.00M | 2.01B | 109.00M | 830.00M |
| Cash Acquisitions | -7.11B | -596.00M | -38.00M | -2.52B | -62.00M | -3.56B |
| Sale (Purchase) of Intangibles | 9.00M | -1.00M | -18.00M | -24.00M | -6.00M | |
| Contributions to Nuclear Demissioning Trust | -367.00M | -454.00M | -751.00M | |||
| Other Investing Activities | 100.00M | 3.00M | 595.00M | 448.00M | 710.00M | |
| Investing Cash Flow | -8.27B | -1.64B | -24.00M | -910.00M | -332.00M | -3.04B |
| Short-Term Debt Issued | 1.57B | 1.05B | 3.02B | 1.42B | ||
| Long-Term Debt Issued | 6.68B | 3.20B | 731.00M | 1.10B | ||
| Total Debt Issued | 19.71B | 8.25B | 4.25B | 3.75B | 2.52B | |
| Short-Term Debt Repaid | -1.57B | -1.05B | -3.02B | -1.42B | ||
| Long-Term Debt Repaid | -1.00B | -3.25B | -523.00M | -5.00M | -1.86B | |
| Total Debt Repaid | -10.69B | -2.58B | -4.30B | -3.54B | -5.00M | -3.28B |
| Net Debt Issued (Repaid) | 9.03B | 5.67B | -55.00M | 208.00M | -5.00M | -761.00M |
| Issuance of Common Stock | 1.00M | |||||
| Repurchase of Common Stock | -1.75B | -1.40B | -985.00M | -1.17B | -606.00M | -48.00M |
| Common Dividends Paid | -332.00M | -319.00M | ||||
| Dividends Paid | -439.00M | -411.00M | -405.00M | -381.00M | -332.00M | -319.00M |
| Other Financing Activities | -395.00M | -311.00M | -310.00M | 310.00M | 1.99B | 855.00M |
| Financing Cash Flow | 6.44B | 3.55B | -1.75B | -400.00M | 1.04B | -272.00M |
| Foreign Exchange Rate Adjustments | 5.00M | 4.00M | -3.00M | 2.00M | -3.00M | -2.00M |
| Net Cash Flow | -264.00M | 3.83B | 524.00M | -1.53B | 1.07B | -2.82B |
| Free Cash Flow | 348.00M | 766.00M | 1.83B | -819.00M | -7.00M | 224.00M |
| Free Cash Flow Margin | 1.05% | 2.49% | 6.52% | -2.84% | -0.02% | 0.83% |
| Free Cash Flow Per Share | 1.72 | 3.85 | 8.65 | -3.59 | -0.03 | 0.91 |
| Levered Free Cash Flow | 772.38M | 1.09B | 2.35B | 2.54B | 1.54B | 308.75M |
| Unlevered Free Cash Flow | 1.36B | 1.50B | 2.71B | 2.91B | 1.78B | 572.88M |
| Cash Interest Paid | 572.00M | 572.00M | 626.00M | 548.00M | 383.00M | 433.00M |
| Cash Income Tax Paid | 67.00M | 67.00M | 182.00M | 48.00M | 66.00M | 32.00M |
| Change in Working Capital | -1.80B | -1.58B | -1.11B | -776.00M | -776.00M | -930.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 20.19B | 30.52B | 18.28B | 11.67B | 7.33B | 10.55B |
| Enterprise Value | 43.50B | 42.55B | 28.73B | 23.80B | 15.31B | 19.09B |
| PE Ratio | 24.83 | 38.29 | 17.27 | 6.00 | 4.82 | |
| PS Ratio | 0.61 | 0.99 | 0.65 | 0.41 | 0.23 | 0.39 |
| PB Ratio | 4.80 | 18.15 | 7.38 | 4.02 | 1.92 | 2.93 |
| P/FCF Ratio | 58.03 | 39.84 | 9.96 | 47.09 | ||
| P/OCF Ratio | 12.99 | 15.95 | 7.92 | 20.36 | 21.39 | |
| EV/Sales Ratio | 1.31 | 1.39 | 1.02 | 0.83 | 0.48 | 0.71 |
| EV/EBITDA Ratio | 13.37 | 14.35 | 8.23 | 84.40 | 5.03 | 4.06 |
| EV/EBIT Ratio | 20.91 | 21.89 | 12.59 | 7.15 | 5.12 | |
| EV/FCF Ratio | 124.99 | 55.55 | 15.67 | 85.20 | ||
| Debt / Equity Ratio | 4.83 | 9.89 | 4.44 | 3.78 | 2.17 | 2.30 |
| Debt / EBITDA Ratio | 6.67 | 5.17 | 2.97 | 21.70 | 2.58 | 1.73 |
| Debt / FCF Ratio | 67.43 | 21.70 | 6.00 | 37.00 | ||
| Net Debt / Equity Ratio | 4.80 | 7.09 | 4.05 | 3.59 | 2.06 | 2.23 |
| Net Debt / EBITDA Ratio | 7.16 | 4.02 | 2.87 | 36.97 | 2.59 | 1.71 |
| Net Debt / FCF Ratio | 66.97 | 15.56 | 5.47 | -12.73 | -1,124.57 | 35.88 |
| Quick Ratio | 0.37 | 1.09 | 0.51 | 0.43 | 0.40 | 0.51 |
| Current Ratio | 0.97 | 1.64 | 1.02 | 1.02 | 1.25 | 1.37 |
| Asset Turnover | 1.03 | 1.16 | 1.12 | 1.04 | 1.21 | 1.42 |
| Return on Equity (ROE) | 23.77% | 41.55% | 41.79% | -6.00% | 32.88% | 82.84% |
| Return on Assets (ROA) | 4.06% | 4.57% | 5.70% | -2.39% | 5.12% | 12.25% |
| Return on Capital Employed (ROCE) | 6.90% | 9.20% | 15.00% | -6.40% | 13.30% | 24.40% |
| Earnings Yield | 4.03% | 2.83% | 6.16% | -1.73% | 16.66% | 20.73% |
| FCF Yield | 1.72% | 2.51% | 10.04% | -7.02% | -0.10% | 2.12% |
| Dividend Yield | 1.98% | 1.12% | 1.81% | 2.75% | 4.47% | 3.06% |
| Payout Ratio | 49.12% | 47.57% | 36.00% | 27.19% | 14.59% | |
| Buyback Yield / Dilution | 1.94% | 6.13% | 7.02% | 3.39% | 3.67% | 0.41% |
| Total Shareholder Return | 3.91% | 7.25% | 8.82% | 6.14% | 8.14% | 3.47% |