NRG Energy, Inc. (NRG) Financial Statements
Industry: Electric Services
In fiscal 2025, NRG Energy reported revenue of $30.71B, up 9.2% from $28.13B the year before. Net income was $864.0M (a 2.8% net margin), or $4.01 per diluted share. Gross margin was 6.1% and operating margin was 6.0%. Operating activities generated $1.91B of cash, leaving $766.0M of free cash flow. At fiscal year end, NRG Energy held $29.14B in total assets against $27.46B in total liabilities, including $4.71B of cash and equivalents.
Open the full interactive NRG Energy financials → Quarterly statements, key ratios, valuation history and price charts.
NRG Energy Key Stats
| Share Price | $107.18 |
|---|---|
| Market Cap | $22.72B |
| P/E Ratio | 26.7 |
| Revenue YoY Growth | +9.2% |
| 52-Week Range | $95.23 – $182.82 |
| Shares Outstanding | 211.0 million (basic, 2026 Q2) |
NRG Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $9.09B | $26.99B | $31.54B | $28.82B | $28.13B | $30.71B |
| Cost of Goods Sold | $7.99B | $23.89B | $29.58B | $30.02B | $25.91B | $28.84B |
| Gross Profit | $2.55B | $3.09B | $1.97B | -$1.19B | $2.22B | $1.87B |
| Operating Income | $1.10B | $3.34B | $2.02B | $384.0M | $2.42B | $1.84B |
| Pre-Tax Income | $761.0M | $2.86B | $1.66B | -$213.0M | $1.45B | $1.13B |
| Income Tax | $251.0M | $672.0M | $442.0M | -$11.0M | $323.0M | $270.0M |
| Net Income | $510.0M | $2.19B | $1.22B | -$202.0M | $1.12B | $864.0M |
| Diluted EPS | $2.07 | $8.93 | $5.17 | -$1.12 | $4.99 | $4.01 |
NRG Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $7.63B | $7.75B | $10.26B | $7.48B |
| Net Income | $152.0M | $66.0M | $125.0M | $506.0M |
| Diluted EPS | $0.69 | $0.33 | $0.52 | $2.31 |
NRG Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.90B | $250.0M | $430.0M | $541.0M | $966.0M | $4.71B |
| Current Assets | $6.03B | $10.84B | $16.23B | $9.73B | $8.96B | $13.15B |
| Total Assets | $14.90B | $23.18B | $29.15B | $26.04B | $24.02B | $29.14B |
| Current Liabilities | $1.92B | $7.92B | $12.98B | $9.50B | $8.81B | $8.03B |
| Total Long-Term Debt | $8.69B | $7.97B | $8.04B | $10.75B | $10.81B | $16.44B |
| Total Liabilities | $13.22B | $19.58B | $25.32B | $23.13B | $21.54B | $27.46B |
| Shareholders' Equity | $1.68B | $3.60B | $3.83B | $2.91B | $2.48B | $1.68B |
NRG Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.84B | $493.0M | $360.0M | -$221.0M | $2.31B | $1.91B |
| Cash From Investing | -$494.0M | -$3.04B | -$332.0M | -$910.0M | -$24.0M | -$1.64B |
| Cash From Financing | $2.20B | -$272.0M | $1.04B | -$400.0M | -$1.75B | $3.55B |
| Free Cash Flow | $1.61B | $224.0M | -$7.0M | -$819.0M | $1.83B | $766.0M |
Figures from NRG Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full NRG Energy financials page for every line item.
NRG Energy Company Profile
| Ticker | NRG |
|---|---|
| Exchange | NYSE |
| Industry | Electric Services |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001013871 |
Frequently Asked Questions
What was NRG Energy's revenue in fiscal 2025?
NRG Energy (NRG) reported revenue of $30.71B for fiscal 2025.
What is NRG Energy's annual revenue history?
NRG Energy's annual revenue by fiscal year: 2020: $9.09B; 2021: $26.99B; 2022: $31.54B; 2023: $28.82B; 2024: $28.13B; 2025: $30.71B.
What was NRG Energy's net income in fiscal 2025?
NRG Energy reported net income of $864.0M for fiscal 2025.
What was NRG Energy's earnings per share (EPS) in fiscal 2025?
NRG Energy's diluted EPS was $4.01 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did NRG Energy generate in fiscal 2025?
NRG Energy generated $766.0M of free cash flow in fiscal 2025.
What was NRG Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), NRG Energy reported revenue of $7.48B.
How much debt does NRG Energy have?
NRG Energy reported $16.44B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of NRG Energy are outstanding?
NRG Energy reported a weighted average of 211.0 million basic shares outstanding in 2026 Q2.
What is NRG Energy's market cap?
Based on its latest closing price, NRG Energy (NRG) has a market capitalization of about $22.72B.
When does NRG Energy's fiscal year end?
NRG Energy's fiscal year end, as registered with the SEC, is December 31.
Where is NRG Energy headquartered?
NRG Energy lists its business address in Houston, Texas in its SEC filings.