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NRG Energy Inc. (NRG) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · Independent Power Producers & Energy Traders · DATA UPDATED 2026-07-16

NRG Energy Inc. (NRG) operates in the Independent Power Producers & Energy Traders industry and is headquartered in Houston, United States with about 16,702 employees. Its market capitalization is roughly $30 billion. In the fiscal year ended 2025-12-31, NRG reported $30.7B in revenue and $864M in net income.

NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through the Texas, East, West/Other, Vivint Smart Home, and Corporate Activities segments.

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NRG Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$32.4B	$30.7B	$28.1B	$28.8B	$31.5B	$27.0B	$9.1B	$9.8B	$9.5B	$9.1B	$8.9B	$12.3B	$15.9B	$11.3B	$8.4B	$9.1B	$8.8B	$9.0B	$6.9B	$6.0B	$5.6B
Gross Profit	$5.5B	$6.7B	$6.0B	$2.3B	$4.1B	$6.5B	$2.6B	$2.5B	$2.4B	$2.2B	$2.2B	$3.3B	$4.1B	$3.2B	$2.3B	$2.3B	$2.8B	$3.6B	$3.3B	$2.6B	$2.3B
Gross Margin %	17.1%	21.9%	21.4%	8.0%	13.0%	24.1%	28.1%	25.6%	25.0%	24.1%	25.1%	27.0%	25.6%	28.1%	27.1%	25.7%	31.4%	40.5%	47.7%	43.6%	41.5%
Operating Income (EBIT)	$973M	$1.9B	$2.4B	$384M	$2.0B	$3.3B	$1.1B	$1.3B	$982M	($741M)	$33M	($4.1B)	$1.3B	$343M	$350M	$635M	$1.3B	$2.2B	$2.3B	$1.6B	$1.4B
Operating Margin %	3.0%	6.0%	8.6%	1.3%	6.4%	12.4%	12.2%	13.1%	10.4%	-8.2%	0.4%	-32.9%	8.0%	3.0%	4.2%	7.0%	14.8%	24.1%	33.0%	26.1%	25.4%
Net Income	$239M	$864M	$1.1B	($202M)	$1.2B	$2.2B	$510M	$4.4B	$268M	($2.2B)	($774M)	($6.4B)	$134M	($386M)	$295M	$197M	$477M	$942M	$1.2B	$586M	$621M
Net Margin %	0.7%	2.8%	4.0%	-0.7%	3.9%	8.1%	5.6%	45.2%	2.8%	-23.7%	-8.7%	-51.8%	0.8%	-3.4%	3.5%	2.2%	5.4%	10.5%	17.8%	9.8%	11.1%
EBITDA	$2.6B	$3.8B	$3.5B	$1.7B	$2.8B	$4.2B	$1.7B	$1.7B	$1.5B	($131M)	$541M	($2.5B)	$2.9B	$2.3B	$1.8B	$1.1B	$2.3B	$3.3B	$3.0B	$2.3B	$2.0B
Earnings Per Share (EPS)	$1.20	$4.34	$5.31	$-0.89	$5.17	$8.93	$2.07	$16.81	$0.87	$-6.79	$-2.45	$-19.40	$0.40	$-1.20	$1.26	$0.82	$1.88	$3.48	$4.45	$2.03	$2.06
Shares Outstanding (M)	208M	199M	212M	228M	236M	245M	246M	264M	308M	317M	316M	329M	339M	323M	234M	241M	254M	271M	275M	288M	301M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NRG Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$10.3B	$7.8B	$7.6B	$6.7B	$8.6B	$6.8B	$7.2B	$6.7B
Gross Profit	$850M	$2.5B	$1.0B	$1.1B	$2.0B	$1.9B	($16M)	$2.3B
Gross Margin %	8.2%	32.8%	13.5%	16.5%	23.6%	28.6%	-0.2%	35.0%
Operating Income (EBIT)	$257M	$251M	$422M	$43M	$1.1B	$954M	($812M)	$1.4B
Operating Margin %	2.5%	3.2%	5.5%	0.6%	13.2%	14.0%	-11.2%	21.2%
Net Income	$125M	$66M	$152M	($104M)	$750M	$643M	($767M)	$738M
Net Margin %	1.2%	0.9%	2.0%	-1.5%	8.7%	9.4%	-10.6%	11.1%
EBITDA	$237M	$1.2B	$786M	$339M	$1.5B	$1.2B	($449M)	$1.6B
Earnings Per Share (EPS)	$0.60	$0.35	$0.78	$-0.53	$3.69	$3.07	$-3.71	$3.45
Shares Outstanding (M)	208M	190M	195M	196M	203M	210M	207M	214M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NRG Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$889M	$1.9B	$2.3B	($221M)	$360M	$493M	$1.8B	$1.4B	$1.4B	$1.6B	$1.9B	$1.3B	$1.5B	$1.3B	$1.1B	$1.2B	$1.6B	$2.1B	$1.5B	$1.5B	$408M
Capital Expenditures (CapEx)	$1.2B	$1.1B	$472M	$598M	$373M	$269M	$230M	$228M	$388M	$254M	$976M	$1.3B	$909M	$2.0B	$3.4B	$2.3B	$706M	$734M	$899M	$481M	$221M
Free Cash Flow (FCF)	($358M)	$766M	$1.8B	($819M)	($13M)	$224M	$1.6B	$1.2B	$989M	$1.4B	$932M	$66M	$601M	($717M)	($2.2B)	($1.1B)	$917M	$1.4B	$580M	$1.0B	$187M
FCF Margin %	-1.1%	2.5%	6.5%	-2.8%	-0.0%	0.8%	17.7%	12.1%	10.4%	14.9%	10.4%	0.5%	3.8%	-6.3%	-26.7%	-12.6%	10.4%	15.3%	8.4%	17.3%	3.4%
Dividends Paid	$425M	$411M	$405M	$381M	$332M	$319M	$295M	$32M	$37M	$38M	$76M	$201M	$196M	$154M	$50M	$9M	$9M	$33M	$55M	$55M	$50M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NRG Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	($169M)	$123M	$484M	$451M	$855M	$952M	$31M	$1.1B
Capital Expenditures (CapEx)	$317M	$298M	$254M	$378M	$217M	$186M	$114M	$103M
Free Cash Flow (FCF)	($486M)	($175M)	$230M	$73M	$638M	$766M	($83M)	$953M
FCF Margin %	-4.7%	-2.3%	3.0%	1.1%	7.4%	11.2%	-1.1%	14.3%
Dividends Paid	$135M	$85M	$119M	$86M	$121M	$83M	$118M	$86M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NRG Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$40.1B	$29.1B	$24.0B	$26.0B	$29.1B	$23.2B	$14.9B	$12.5B	$10.6B	$23.3B	$30.4B	$32.9B	$40.7B	$33.9B	$35.1B	$26.7B	$26.9B	$23.4B	$24.8B	$19.3B	$19.4B
Cash & Cash Equivalents	$235M	$4.7B	$966M	$541M	$430M	$250M	$3.9B	$345M	$563M	$770M	$938M	$1.5B	$2.1B	$2.3B	$2.1B	$1.1B	$3.0B	$2.3B	$1.5B	$1.1B	$777M
Total Liabilities	$35.2B	$27.5B	$21.5B	$23.1B	$25.3B	$19.6B	$13.2B	$10.9B	$11.8B	$21.3B	$25.9B	$27.1B	$28.7B	$23.2B	$24.3B	$19.0B	$18.8B	$15.7B	$17.7B	$13.8B	$13.8B
Total Debt (Short + Long-Term)	$23.2B	$16.5B	$10.9B	$10.8B	$8.1B	$8.1B	$8.8B	$6.0B	$6.5B	$15.9B	$18.5B	$19.4B	$20.4B	$16.8B	$15.9B	$9.8B	$10.5B	$8.4B	$8.2B	$8.4B	$8.8B
Total Shareholders' Equity	$4.9B	$1.7B	$2.5B	$2.9B	$3.8B	$3.6B	$1.7B	$1.7B	($1.2B)	($346M)	$2.0B	$3.0B	$10.1B	$10.7B	$10.3B	$7.5B	$8.1B	$7.7B	$7.1B	$5.5B	$5.7B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive NRG viewer.

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