NRG ENERGY, INC. reported second-quarter 2026 results with revenue of $7.48B and net income of $506M, driven by stronger retail performance, higher energy and capacity contributions and expansion of generation and demand-response capabilities versus the year‑ago quarter.
Financial Highlights
- Revenue was $7.48B for 2Q 2026, up from $6.74B in the year‑ago quarter (10.0% YoY).
- Net income was $506M for 2Q 2026, versus $(104)M in the year‑ago quarter (improved YoY).
- Diluted earnings per share was $2.31 for 2Q 2026, compared with $(0.62) in the year‑ago quarter.
Business Highlights
- Revenue growth reflected stronger retail sales and increased energy and capacity contributions across segments, which raised economic gross margin.
- Multi‑brand retail momentum continued across NRG, Reliant, Direct Energy, Green Mountain and Vivint, with Vivint Smart Home customer growth noted.
- Closed acquisition of LS Power (LSP), adding approximately 13 GW of generation and the CPower demand‑response platform, expanding generation and DR capabilities.
- Project progress included commercial operations at T.H. Wharton (415 MW) in May 2026, with Cedar Bayou 5 and Greens Bayou 6 under construction.
- Adopted an integrated retail‑generation model in the East and Texas to supply retail load from owned assets, reducing procurement volatility and collateral requirements.
Original SEC Filing:
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